Suspension of Registration
Authorities can now suspend registration without affording a reasonable opportunity of being heard;
Authorities can now suspend registration in the following circumstances-
Where comparison of GSTR-1 & GSTR-3B show significant differences or anomalies;
Where comparison of ITC in GSTR-2A & GSTR-3B show significant differences or anomalies.
Reasons for cancellation of registration has been widened to include following:
Availment of ITC in violation of GST provisions, basically in excess of 5% of matched ITC;
Outward supply declared in GSTR-3B < GSTR-1;
Utilize ITC in excess of 99% as provide in rule above.
ITC Matching (w.e.f. 1st January 2021)
ITC to be availed restricted to 5% (earlier 10%) of matched ITC. If availed in excess, registration may be cancelled;
Matching to be basis invoices reflecting with counter filing status as ‘Yes’ and invoices uploaded using IFF by Quarterly taxpayer.
Restriction to furnish GSTR-1/IFF
Taxpayers who have not filed GSTR-3B for preceding two months;
Quarterly taxpayers who have not filed GSTR-3B for previous tax periods;
Taxpayers who are restricted to use >99% ITC, if they have not furnished GSTR-3B for preceding tax period.
Restriction on creation of E-way Bill in respect of taxpayers whose registration has been suspended by tax authorities;
Validity of E-way Bill now changed from 1 day per 100 km to 1 day per 200 km (w.e.f. 1st January 2021);