CBIC GST Notification

The CBIC has recently released a GST Notification 37/2021 – Central Tax on the 1st of December 2021. 


The CBIC notification has amended some sections of the CGST Rules of 2017.

The CBIC has introduced these changes according to section 164 of the CGST Rules 2017, which confers amending power to the Government of India. 


In this short article, we have discussed these changes in simpler words.

1. Rule 137 – Tenure for National Anti-Profiteering Authority

  • Earlier, the tenure of the National anti-profiteering treaty was fixed at FOUR years.
  • With this amendment, the tenure is now increased to FIVE years.
  • This change will be applicable from the 30th of November, 2021.

2. Changes in Form GST DRC-03 (Column 3)

  • There are few substitutions of words in DRC 03 in GST portal
  • In item 3 in column 3, the words ‘Audit, Investigation, Voluntary, SCN, Annual Return, Reconciliation statement will be substituted by the following terms: Audit, Inspection/ Investigation, Voluntary, SCN, Annual Return, Reconciliation Statement, Scrutiny, Intimation of tax through FORM GST DRC-01A, Mismatch (Form GSTR-1 & GSTR-3B). Mismatch (Form GSTR-2B & GSTR-3B).
  • In column 3 of this form, the words ‘ intimation of tax ascertained through FORM GST DRC-01A, Mismatch (Form GSTR-1 and Form GSTR-3B), Mismatch (Form GSTR-2B and Form GSTR-3B), others (specify)’ will be substituted.

3. Change in the heading of the Form GST DRC-03

  • In the FORM GST DRC-03 heading, after the words "or statement," the phrase “or intimation of tax ascertained through FORM GST DRC-01A” will be added.
  • Adding this phrase in the heading means that intimation of this GST DRC 03 online payment has been done voluntarily or against the show cause notice (SCN).

4. Amendments to the FORM GSTR DRC-03 (Column 5)

  • In item 5, column 1, after the word ‘within 30 days of its issue', the phrase ‘scrutiny, intimation of tax ascertained through Form GST DRC-01A, audit, inspection or investigation, others (specify)’ will be added.
  • This simply means that if the payment is made within the first 30 days from the issue of the Show Cause Notice (SCN), additional added modes:- scrutiny, intimation of tax ascertained through Form GST DRC-01A, Audit under GST, Inspection or Investigation, Others shall be paid via FORM DRC-03.

4. A new column added in the Form GST DRC-03

  • Taxpayers can now directly pay their fees using FORM DRC-03 using the newly added ‘Fee’ column.

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Synopsis

In this short article, we have updated the recent amendments introduced by the CBIC in the CGST Rules of 2017.

GSTHero is the leader in the GST return filing software industry with user-friendly interfaces and providing solutions to all the GST requirements of a business.

Stay updated; stay ahead!

Until the next time….


Gaurav Yadav

About the author

Gaurav is an Engineer by training with a deep interest in Economics & Finance. He has been associated with the Fin-Tech industry for quite some time now. He writes for GSTHero for topics including GST Compliance, GST Structure, etc & aims to break down complicated technical jargon into simple terms for the taxpayers.

His expertise includes GST Laws, Corporate Finance & Macro-Economics.

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