GST Notification 40/2021-Central Tax ,dt. 29-12-2021
Two major updates have been announced via this notification.
- The due dates to file GSTR 9 & 9C for FY20-21 has been extended to February 28, 2022 from December 31, 2021.
- The latest change in this regard states that taxpayers can claim ITC only if the same invoice/debit note is reflected in GSTR 2B.
If a taxpayer has an invoice in the purchase register and the same is not uploaded by their vendor in their GSTR 1, then the taxpayer cannot claim Input Tax Credit from 1st January 2022.
All other changes are related to detention of vehicles/e-auction and other procedural change.