GST procedural amendments update interest calculation, refund safeguards and electronic payment and ledger transfer mechanisms. Amendments effective largely from 5 July 2022 amend JGST Rules to revoke registration suspension on furnishing pending returns, include Duty Credit Scrip value in supply valuation, require a taxpayer declaration when invoicing exceptions apply, add UPI and IMPS as payment modes, permit inter-registered-person cash ledger transfers on same PAN, introduce FORM GST PMT-03A for re-credit orders, prescribe interest computation rules for delayed tax and wrongly availed input tax credit, and refine refund verification, withholding and reporting procedures including special treatment for export of electricity and updated GSTR-3B, GSTR-9 and GSTR-9C formats.
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Provisions expressly mentioned in the judgment/order text.
GST procedural amendments update interest calculation, refund safeguards and electronic payment and ledger transfer mechanisms.
Amendments effective largely from 5 July 2022 amend JGST Rules to revoke registration suspension on furnishing pending returns, include Duty Credit Scrip value in supply valuation, require a taxpayer declaration when invoicing exceptions apply, add UPI and IMPS as payment modes, permit inter-registered-person cash ledger transfers on same PAN, introduce FORM GST PMT-03A for re-credit orders, prescribe interest computation rules for delayed tax and wrongly availed input tax credit, and refine refund verification, withholding and reporting procedures including special treatment for export of electricity and updated GSTR-3B, GSTR-9 and GSTR-9C formats.
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