Government is making GST Rules strict in order to prevent Fake GST Registrations and misuse of ITC. IT is very important for taxpayers to comply with GST Provisions strictly.
New Changes in Rule 59 is made w.e.f 4 August 2023 for Blocking of GSTR-1/IFF in case taxpayer not complying with:
- Intimation issued in DRC-01C under Rule 88D
- Non furnishing of Bank Account Details within 30 days of GST Registration or filing of first GSTR-1/IFF whichever is earlier as per Rule 10A
Changes in Rule 59(6) through NN 38/2023 of Central Tax:
In the said rules, in rule 59, in sub-rule (6), after clause (d), the following clauses shall be inserted, namely:-
1. Blocking of GSTR-1/IFF of subsequent Period in case of non compliance of Rule 88D
Read in detail About Rule 88D and DRC-01C
In Case of non Compliance of DRC-01C under Rule 88D:
“(e) a registered person, to whom an intimation has been issued on the common portal under the provisions of sub-rule (1) of rule 88D in respect of a tax period or periods, shall not be allowed to furnish the details of outward supplies of goods or services or both under section 37 in FORM GSTR-1 or using the invoice furnishing facility for a subsequent tax period, unless he has either paid the amount equal to the excess input tax credit as specified in the said intimation or has furnished a reply explaining the reasons in respect of the amount of excess input tax credit that still remains to be paid, as required under the provisions of sub-rule (2) of rule 88D;
2. Blocking of GSTR-1/IFF of subsequent Period in case of non compliance of Rule 10A
In case of non furnishing of Bank Account Details as per Rule 10A
(f) a registered person shall not be allowed to furnish the details of outward supplies of goods or services or both under section 37 in FORM GSTR-1 or using the invoice furnishing facility, if he has not furnished the details of the bank account as per the provisions of rule 10A.”
