Title and Commencement:
Central Goods and Services Tax (Tenth Amendment) Rules, 2021 come into effect from their publication date.
Input Tax Credit Conditions:
Rule 36 amended, effective January 1, 2022, specifying conditions for availing input tax credit to enhance compliance.
Annual Return Deadline Extension:
Rule 80 amended for the financial year 2020-2021, extending the deadline for filing the annual return to February 28, 2022.
Reconciliation Statement Relaxation:
Rule 80 further amended, allowing the self-certified reconciliation statement for the financial year 2020-2021 to be submitted by February 28, 2022.
Unique Identity Number (UIN) Provision:
Rule 95 amended, inserting a proviso effective from April 1, 2021, requiring UIN in tax invoices for refund eligibility.
Detention and Seizure Amendment:
Rule 142 amended with effect from January 1, 2022, altering the timeline for tax, interest, and penalty payment concerning detained goods.
New Rule for Penalty Recovery:
Rule 144A introduced, allowing the recovery of penalty by selling detained goods or conveyance after a specified period.
Proceeds Disposal Framework Updated:
Rule 154 substituted, effective from January 1, 2022, outlining the sequence for allocating proceeds from the sale of goods or conveyance.
These amendments signify a strategic effort to enhance GST compliance, simplify procedures, and ensure effective penalty recovery.