In this article, we will discuss all the important changes in ITC Claim for GSTR 9 and invoice amendment till November 30th, 2022 i.e. the Third Amendment under GST rule.

Input Tax Credit (ITC) claims may now be made up until November 30, 2022, according to GST Notification No. 22/2022 dated 15-11-2022 released by the Central Board of Indirect Taxes and Customs (CBIC) that modifies form GSTR-9. These rule changes are called the Central Goods and Services Tax – Third Amendment Rule under GST – 2022.  

GST Notification No. 22/2022:

The notification changed the Central GST Rules, 2017, in form GSTR-9. In the instructions section under paragraph 7, certain key words have been replaced. The words “between April 2022 to September 2022” with “of April 2022 to October 2022 filed up to 30th November 2022.” 

Additionally, it changed the instructions for Tables 10 & 11 of GSTR-9, Table 12 of GSTR-9, and Table 13 of GSTR-9 to read “April 2022 to October 2022 filed up to 30th November 2022” instead of “April 2022 to September 2022.” 

Changes in Sales Invoices and ITC Claim Explained | Third Amendment under GST

1. The last date to claim ITC of the previous financial year was the September return of the next financial year. Now this date has been changed to 30th November of next financial year.  
2. The last date to issue credit notes/debit notes/missed invoices of the previous financial year was September return of next financial year. Now this date has been changed to 30th November of next financial year.  
3. Last date to make amendments to invoices/credit notes/debit notes issued in previous financial year was September return of next financial year. Now this date has been changed to 30th November of next financial year. 

How does it impact? 

1. Now taxpayers will get an additional month to reconcile the ITC of previous financial year.  
2. Taxpayers will get an additional month to issue debit notes/credit notes/missed invoices of the previous financial year.  
3. Taxpayers will get an additional month to make amendments of invoices/credit notes/debit notes issued in previous financial year.  

Why only one month when September to November is two months period? 

Even though the date is mentioned as 30th November, the filing period is October. The due date to file October GSTR-1 is 11th November for normal taxpayers and 13th November for quarterly filers.  

If GSTR-1 is filed late then a penalty will be charged. So, the due date is 11th November /13th November without penalty and 30th November with a penalty.  

Even though the date is mentioned as 30th November, the filing period is October. The due date to file October GSTR-3B is 20th of November for normal taxpayers and 25th November for quarterly filers.  

If GSTR-1 is filed late then a penalty will be charged. So, the due date is 20th November/25th November without interest and penalty and 30th November with interest and penalty.  

Read the entire notification released by the CBIC below:

G.S.R. 817(E). —In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017, namely: 

1. Short title and commencement:

• • • These rules may be called the Central Goods and Services Tax (Third Amendment) Rules, 2022.  

• • • Save as otherwise provided in these rules, they shall come into force on the date of their publication in the Official Gazette.  

2. In the Central Goods & Services Tax Rules, 2017 (hereinafter referred to as the said rules), in the form GSTR-9, under the heading Instructions, in paragraph 7:

• • • Against serial numbers 10 & 11, for the figures and words “April, 2022 to September, 2022”, the figures, letters and words “April, 2022 to October, 2022 filed upto 30th November, 2022” shall be substituted;  
    • Against serial number 12, for the figures and words “April 2022 to September 2022”, the figures, letters and words “April, 2022 to October, 2022 upto 30th November, 2022” shall be substituted;
    • Against serial number 13, for the figures and words “April 2022 to September 2022”, the figures, letters and words “April, 2022 to October, 2022 upto 30th November, 2022” shall be substituted. 

You can also read our article on Second Amendment under GST: GST Notification 19/2022 here 

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• • • Checking invoices across the financial years 
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