GST compensation fully released to states, Centre funded the shortfall to clear outstanding dues and support state spending.
The Centre released the entire GST compensation payable to States up to 31 May 2022 totalling Rs.86,912 crore, partly from the Compensation Fund and partly from central resources pending cess collection. The disbursement covers dues for April-May 2022, February-March 2022 and the balance up to January 2022, with only June 2022 remaining; a state-wise break-up is provided. The transfers implement the compensation guarantee under the GST (Compensation to States) Act, 2017, and follow earlier back-to-back loans to address cess shortfalls.

Fraudulent Input Tax Credit schemes lead to arrest and recovery action under CGST provisions for fake firms.
Fraudulent availment and passing on of Input Tax Credit (ITC) occurred via a network of fake and non-existent firms: a dry-fruits importer availed IGST credits on imports, issued duty-paid invoices to non-existent entities while selling goods openly, and those entities issued goodsless invoices to pass on ITC. The scheme generated fraudulent ITC flows exceeding Rs 160 crore across at least ten fake firms; enforcement actions include identification of liable persons, recovery steps, and arrest under CGST provisions with ongoing investigation.

GSTR-2B discrepancies: affected taxpayers may file GSTR-3B on self-assessment relying on GSTR-2A pending technical resolution.
Certain records are omitted from the GSTR-2B statement despite appearing in GSTR-2A; the technical team will regenerate affected GSTR-2B statements. In the interim, affected taxpayers should file GSTR-3B on a self-assessment basis relying on GSTR-2A data while the issue is being resolved.

GST Portal functionalities updated: new module-level features, webinars and tutorial videos improve taxpayer processes and guidance.
Deployment of new functionalities on the GST Portal introduces module-specific features for taxpayers across core compliance and service areas, including enhancements to Registration, Returns, Advance Ruling, Payment, and Refund modules. GSTN has compiled module-wise releases and supporting educational materials-webinars and tutorial videos-into downloadable compilations on its tutorial site for stakeholder reference.

New GST rate requires temporary GSTR filing under existing lower-rate heading with manual tax adjustment to report correct tax.
A new 6% IGST (or 3% CGST + 3% SGST) rate has been added but not yet available on the GST portal; taxpayers should temporarily report affected supplies under the 5% heading in GSTR 1, enter the taxable value in the column adjacent to the 5% rate, and manually increase the system computed tax amount in the 'Amount of Tax' column of the relevant Table (B2B, B2C or Export) so the reported tax equals the new rate until the portal is updated.

Enhancements in GSTR-1/IFF simplify filing with a single-step process and consolidated summaries; webinar explains changes.
Enhancements to the GSTR-1/IFF streamline reporting by introducing a single-step filing flow that removes the separate 'Submit' action, add a table-wise consolidated summary for pre-filing review, and provide a recipient-wise summary to simplify reconciliation between suppliers and recipients.

Annual Aggregate Turnover visibility enables taxpayers to view and update registered turnover, subject to tax officer review after submissions.
Annual Aggregate Turnover (AATO) visibility has been enabled on taxpayer dashboards, showing prior-year AATO and current-year aggregate based on filed returns. Taxpayers may update turnover discrepancies via the dashboard twice during May; thereafter figures are referred to the Jurisdictional Tax Officer for verification and possible amendment. Turnover updates apply across all GSTINs on a common PAN, with changes by any GSTIN summed into each GSTIN's AATO.

Negative liability arises when composition payments auto-populate in annual returns and liabilities go undeclared, requiring deposit or refund.
Failure to declare the year's liability in the annual composition return's liability table can convert auto-populated composition payments into a negative liability carried in the Negative Liability Statement and auto-debited for convenience; debits applied to cash ledger without prior challan deposits can create negative cash balances and must be rectified by depositing the outstanding liability through challan or, where the excess was applied to a later year, by filing a refund application in the prescribed form.

GST revenue collection surge strengthens tax compliance and increases central state settlement flows under the GST framework.
Record gross GST revenue for April 2022 exceeded prior monthly highs, with receipts classified by CGST, SGST, IGST (including imports) and cess; regular IGST settlements yielded stated net transfers to Centre and States. The month showed higher year-on-year growth driven by import and domestic receipts, peak single-day/hour payment events, increased e-way bills, and improved GSTR-3B and GSTR-1 filing percentages, attributed to administrative facilitation and data-driven enforcement to enhance compliance.