GST updates and compliance calendar for June 2022

1. GST UPDATES AND COMPLIANCECALENDAR FOR JUNE2022 • https://taxguru.in/goods-and-service-tax/gst-updates-compliance-calendar-june-2022.html • Goods and Service Tax (‘GST’) has evolved rapidly since its inception and is soon to complete half-a-decade of its tumultuous journey. The changing global dynamics and India’s response to the same have seen too frequent too many changes in the law. While the Government has proactively tried to reduce the burden on taxpayers, the lack of understanding of GST law on part of tax officers has led to unwarranted harassment of taxpayers in almost all aspects of GSTlaw. • As the law approaches to its 5-year term, there is increasing chance of GST Council of making a big change in the tax rate slabs to make it more aligned and compensate states for loss of compensationcess. • GSTUpdates: • There have been few important judgments/ updates in GST over the month having far reaching tax implications on Indiantaxpayers: • In a landmark judgement, the Apex Court of India has struck down the Central Government’s appeal to levy IGST on ocean freight in the Mohit Minerals Ltd.case. • In case of Northern Operating Systems Private Limited, Supreme Court held that secondment of employees by foreign entity qualifies as ‘manpower supply service’ and thus, leviable to service tax under in the hands of the Indian entity under reverse chargemechanism. • The late fee for filing of Form GSTR-4 for FY 2021-22 has been waived for the period 1 May 2022 to 30 June2022. • The Central Board of Indirect Tax and Customs (‘CBIC’) has issued SOP in respect of NCLT cases for Insolvency and Bankruptcy Code, 2016 matters. GST and Customs authorities have been defined as OperationalCreditors (Instruction No. 1083/04/2022-CX9 dated 23 May2022). • The GST Investigation Wing has also issued another important Instruction with respect to deposit of tax during the course of search, inspection orinvestigation: • “Recovery of taxes not paid or short paid, can be made under the provisions of Section 79 of CGST Act, 2017 only after following due legal process of issuance of notice and subsequent confirmation of demand by issuance of adjudication order. No recovery can be made unless the amount becomes payable in pursuance of an order passed by the adjudicating authority or otherwise becomes payable under the provisions of CGST Act and rules madetherein.” • GST CompliancesCalendar:

2. The below tables capture these compliances in detail to ensure that the taxpayer files the returns and pay taxes under GST within the timeline to avoid late fee and interestliabilities. GSTR-1– Taxpayertype Formtype Return filingfrequency TaxPeriod Taxpayers having an aggregateGSTR-1 IFF (QRMP May 2022 out ofApril turnover of 1.50Crores Quarterly LESS than Rs.schemetaxpayers) – June 2022quarter Note: From February 2022 onwards, if the GSTR-3B return for a particular month is not filed by the taxpayer, then it will not be allowed to file the GSTR-1 of the subsequent month. Thus, please ensure that GSTR-1 and GSTR-3B of April 2022 is filed on the GSTNportal. GSTR-3B– This return contains the details of outward supplies (consolidated data of GSTR-1), inward supplies subject to RCM payment, ITC details, exempt, nil-rated, and non-GST inward supplies, payment of tax details,etc.

3. Return frequency Monthly Monthly filingState Allstates Allstates Chhattisgarh, Aggregateturnover TaxPeriod Greater than5crores Up to 5crores May2022 May2022 Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Up to 5crores Quarterly Nadu, Telangana, Andhra Pradesh, Daman & April – June 2022 Diu and Dadra & Nagar Haveli, Puducherry, Andaman and Nicobar Islands,Lakshadweep Himachal Haryana, Sikkim, Manipur, Pradesh, Rajasthan, Arunachal Mizoram, Punjab, Uttarakhand, Uttar Pradesh, Bihar, Pradesh, Nagaland, Up to 5crores Quarterly Tripura, Meghalaya, April – June2022 Assam, Jammu and Delhi West Bengal, Jharkhand, Odisha, Kashmir, Ladakh,Chandigarh, Note: ITC availed in GSTR-3Bshould be restricted to eligible ITC appearing in GSTR-2B. System-generated notices are getting issued to the taxpayers wherein ITC availed in the GSTR-3B is more than the ITC reflected in the GSTR-2B generated on the GSTNportal. As per the Finance Act 2022, filing of GSTR-1 will become mandatory to file GSTR-3B for the taxperiod. Other returns andforms–

4. Return/ form frequency andMonthly Returnform filing Who are required to file TaxPeriod GSTR-5 GSTR-5A Non-ResidentTaxpayersandODIARservicesMay2022 provider 1st and 2nd month of every QRMP scheme taxpayers (filed for 1st and 2nd May2022 PMT-06 GSTR-11 quarter Monthly month of everyquarter) Persons having Unique Identification Number May2022 Statement-cum-challan to declare the detailsor summary of his/her self-assessed tax payable April – June 2022 for thequarter. CMP-08 Quarterly

5. Disclaimer: The above article is based on the author’s understanding and view of the tax laws, tax rules, the relevant circulars, and notifications. Please refer to the latest law and consult the author before forming any opinion basis the information provided above as tax laws are subject to frequent changes. The author is not responsible for any issues arising because of opinion based on the above article without consultation. In any manner whatsoever, the views expressed in this article should not be construed as the views of the firm, the author is associated with. The author can be contacted atgauravmittal756@gmail.com.