Central Goods and Services Tax (Ninth Amendment) Rules, 2021: Key Highlights
Title and Activation:
Officially termed the Central Goods and Services Tax (Ninth Amendment) Rules, 2021.
Effectively enacted from the date of publication in the Official Gazette.
Amendment in Rule 137:
Extension of the period from "four years" to "five years," effective from November 30, 2021.
Modification in FORM GST DRC-03:
Addition of “intimation of tax ascertained through FORM GST DRC-01A” in the heading.
Enhanced details in item 3 and item 5 columns to encompass various scenarios.
Expanded Item Categories:
Inclusion of specific categories like scrutiny, mismatch (Form GSTR-1 and Form GSTR-3B), mismatch (Form GSTR-2B and Form GSTR-3B), etc.
Detailed Table in FORM GST DRC-03:
A comprehensive table with entries related to tax period, place of supply, tax/cess, interest, penalty, fee, and others.
Utilization Ledger Information:
Inclusion of a column specifying the ledger utilized (Cash / Credit) with debit entry details.
Administrative Note:
Issued by Rajeev Ranjan, Under Secretary to the Government of India, highlighting the amendment's importance.
These amendments signify a nuanced approach, aligning GST rules with evolving taxation dynamics.