GST Rule Amendments: Enhancing Compliance and Verification

Introduction of Amendments: Central Government, with Council recommendations, modifies Central Goods and Services Tax Rules, 2017.

Biometric Aadhaar Authentication: Rule 8 updated for Aadhaar authentication or alternative KYC verification for applicants, ensuring data accuracy.

Extended Timeframes: Rule 9's registration process timelines extended to seven days, facilitating compliance amidst evolving regulations.

Enhanced Monitoring and Enforcement: Rule 21 incorporates stricter provisions against input tax credit violations and excessive supply declarations.

Suspension of Registration: Rule 21A revised to allow suspension based on significant discrepancies, promoting stringent compliance standards.

Credit Ledger Limitation: New Rule 86B restricts credit ledger use beyond 99% of tax liability, safeguarding revenue interests. Distance Limit Revisions: Rule 138 updated to increase permissible distances for e-way bill generation, easing logistics operations.

Suspension Notice Format Introduced: Form GST REG-31 introduced for notifying suspension and cancellation grounds, ensuring transparency in enforcement.