Notification No. 14/2022 – Central Tax dated 05 July 2022

Key Pointers –

• It has been inserted in rule 21A, in sub-rule (4), after the proviso, that in case where the registration has been suspended under sub-rule (2A) and the registration has not been cancelled by the proper officer the suspension of registration shall be deemed to be revoked upon furnishing of all the pending returns.
• In Rule 46 it has been inserted that the taxpayer having aggregate turnover in any preceding financial year from 2017-18 onwards more than the aggregate turnover as notified under the said sub-rule (4) of rule 48 shall be required to furnish a declaration that they are not required to prepare an invoice in terms of the provisions of the said sub-rule.
• In Rule 86 (4B) it has been inserted that where a registered person deposits the amount of erroneous refund sanctioned to him, along with interest and penalty, wherever applicable, through FORM GST DRC-03, by debiting the electronic cash ledger, on his own or on being pointed out, an amount equivalent to the amount of erroneous refund deposited by the registered person shall be re-credited to the electronic credit ledger by the proper officer by an order made in FORM GST PMT-03A.
• UPI from banks and IMPS from banks are added in mode of deposit to be made Rule 87(2).
• With effect from 1st July, 2017, Rule 88B has been inserted. It specify the manner of calculating interest on delayed payment of tax.
• Rule 95A shall be deemed to have been omitted with effect from the 1st July, 2019. Further FORM GST RFD-10 B shall be deemed to have been omitted with effect from the 1st day of July, 2019.

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