Amendments and Updates to Regular Taxpayer Registration: Staying Compliant

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Published Date: 20/12/2023
Author: Samradni P
20/12/2023

The Government brings new updates from time to time in the Goods and Services Tax. The GST tax mechanism was introduced to ease the complexities of the existing tax system for taxpayers. But the constant updates make things difficult for them instead. The reason for changes and updates could be anything. Mostly, the changes are done to make things easier for taxpayers. The best solution is to stay up-to-date occasionally to ensure compliance.

Keeping up with amendments and updates to GST regulations for regular taxpayers

Listed below are the major GST updates for taxpayers and companies –

Compliance-related introduction to DRC-01C – defining the difference between GSTR-3B and GSTR-2B Input Tax Credits.

Date	Updates
December 1	A two-factor advisory for authentication has been laid out. It is applicable in Rajasthan, Chandigarh, Punjab, Uttarakhand, and Delhi. Document verification and biometric Aadhaar authentication advisory. It is for Andhra Pradesh’s GST registration applicants for a pilot project.
November 29	Important news related to the amnesty provisions for missed deadlines of the appeal filings. It is applicable for orders passed before March 31, 2023. Instructions issued by the CBIC for officers. They must upload DRC-07 and serve GST DRC-01 notices through the government website.
November 18, 2023,	Instruction set and guide for API integration with the IRPs meant for E-Invoice.
November 14	The GSTN advisory for individuals. Reversal of the Input Tax Credit under 37(A) rule. The Department for GST published the ITC mismatch advisory. A new form, GST DRC-01C, was introduced.
November 10	An advisory related to the amnesty for individuals who missed out on filing an appeal within the set deadline for orders passed before March 31, 2023. Advisory for taxpayers and transporters. Verification of transporter ID (TRANSIN) in the e-waybill system is mandatory.
November 6	GST Registration advisory for Puducherry and Gujarat applicants. Aadhaar authentication is mandatory through document and biometric verification. Mandatory 2-factor authentication for individuals whose AATO is more than ₹20 Crore. The rule was applicable from November 20, 2023.
November 3, 2023,	GST Amnesty scheme- It was introduced for the individuals who didn’t file the appeal against the orders released on or before March 31, 2023.
November 2	13% rise in GST collection that is ₹1.72 lakh crores up to October 2023.
October 28	New advisory introduced by the CBIC –Table 5B updates – GSTR 5A report for goods supplies initiated for Registered GSTINs.
October 19	Over 6,000 fake input tax credit cases were reported by the DGGI from April 2020 to September 2023. GST evasion of over ₹57,000 crore was involved in it. 500 taxpayers were arrested in this concern.
October 18	Advisory published by the GST department on Form GSTR-5A and GST REG-10.
October 17	The offline utility was published by the GSTN department for TCS and TDS credit received.
October 16	The Kerala GST Department released a new instruction about issuing separate taxpayer notices under sections 73 & 74.
October 13	Availability for enrollment option to GST-unregistered suppliers desirous of selling goods through e-commerce platforms. Online merchants facility for unregistered taxpayers of goods for supply.
October 6	Compliance-related introduction to DRC-01C – defining the difference between GSTR-3B and GSTR-2B Input Tax Credits.
October 4	The new functionality to download JSON e-invoice is available on the official e-invoice website.
October 3	Input tax credit mismatches functionality for GSTR-2B and GSTR-3B, which the GST department enables to deal with the DRC-01C. More than ₹ 1,62,712 crore gross GST collection as of September 2023.
September 27	The GSTN website underwent upgrades starting at midnight on September 28, 2023. Services on the GST Portal resumed at 6:30 AM on September 28. GSTN has temporarily suspended the auto-populating of e-invoice data into the GSTR-1 form.
September 20	Taxpayers must issue B2B e-invoices indicating the GSTIN when the supply is meant for any government department or agency. GSTN incorporated a new geocoding facility for the Additional Place of Business (APOB).
September 14	The GST Portal will be upgraded starting at midnight on September 15, 2023. Services will resume at 6:30 AM on September 15.
September 11	From November 1, 2023, two-factor authentication will be mandatory for all taxpayers with Annual Aggregate Turnover (AATO) exceeding ₹20 crores. Those with over ₹100 crores AATO using e-invoice portals must submit invoices within 30 days, effective November 1, 2023.
September 6	An October 15, 2020 notification states that taxpayers with over ₹5 crores AATO must mention a 6-digit HSN code on e-waybills and e-invoices. Others need a minimum 4-digit HSN. This becomes mandatory for e-invoices and e-waybills from October 1, 2023.
September 1	GSTN introduced Reclaimed Tax Credit and Electronic Credit Reversal Statements for accurate and correct reporting of ITC reversals.

Also Read: Amendments And Revisions In GSTR-10

Impact of GST Amendments on Taxpayer Registration

Cancellation of GST registration does not hold a person liable for any mistakes or offenses done before or after cancellation.
Per Section 29(3) of the CGST/SGST Act, cancellation does not make a person liable to pay tax or dues. It also does not subject them to discharge obligations for any period before cancellation.

Implementing Updated GST Regulations

Taxpayers must fill out Form GSTREG-14 within 15 days to apply for registration amendment. This updates the information provided during initial registration. There are two registration amendment categories:

Non-Core Fields: Automatically updated without tax officer approval. Includes business name, address, partners, directors, etc.
Core Fields: Require tax officer approval to modify major registration details like business activity, promoter’s name, type of taxpayer, etc.

Here is a detailed overview of the core and non-core fields.

Non-Core fields (approval not needed)	Core fields (approval needed):
There are certain exceptions about GST registrations. Apart from these, approval must be granted on all aspects of every GST registration application field. Business’s legal name Removing or adding stakeholders’ details. The location where the company operates the business.	The business’s legal name is where there is no change in PAN.
	Deletion or addition of Stakeholders
	A change of state which means a place where the business operation takes place.
	Location for carrying on operations in another state.

Note – All the above information is as of 2023.

Eligibility Criteria

The following groups of taxpayers with GST registration are eligible to submit application amendments:

Normal taxpayers and new enrollees.
GST practitioner
UN Bodies, TCS/TDS registrants, Notified persons with UIN, embassies, and others.
Online retrieval services, data, and access details.
Non-Resident Taxable Person

Navigating the complexities of regular taxpayer registration compliance

The government has initiated numerous procedural and legal changes towards simplification of the tax. To facilitate the movement or smooth flow of the GST mechanism, the upholding, as well as the changing or updating, is done. Technology adoption in compliance and administration of tax has been promoted by the introduction of goods and services tax. However, even after many changes in their policies, things are not working out as expected.

Although it is not as complicated as other compliance laws, today, there is no simple GST compliance because of its frequent changes. Taxpayers are now finding it hard to comply with reporting rules as well as prepare their tax returns.

In addition, the rights for reexamination of an incorrect reporting in GST are narrowed. Voluntary rectification is not allowed if one is making a mistake while filing returns.

Taxpayers have different reasons why it is difficult to comply with GST.

Uncertainties surrounding reconciliation statement and annual returns.
Delays in operations
The TRAN-1 filing, as well other issues related to glitches in the official GST portal.

As per the current statutes, tax return mistakes can be corrected in GST returns of the following months. This kind of functionality returns utility does not permit correction of errors in original source documents with relevant tax liability adjustments and proper auditable trail for taxpayers. The returns are usually hard on the taxpayers to be matched. Periodically, they have to correspond data into their corporate accounts.

Professional guidance to ensure compliance with GST amendments

It’s an obligation for every trade business with an annual income that goes beyond the threshold amount stipulated by law.

Taxpayers always want to make an input credit claim, noting the goods they bought. Therefore, they should list all the transactions with GST indicated.

A GST invoice should have all the purchase items used for business. In line with their invoicing compliance, they should observe laid down regulations. A penalty due to non-compliance with GST invoicing. For not issuing an invoice, a 100% tax amount or 10,000 rupees is a penalty. A fine of ₹ 25,000 will be levied for incorrect invoicing.

Ensuring timely compliance with amended GST regulations for regular taxpayers

Many changes and modifications have been made to GST since its implementation. Nevertheless, these reforms were designed to improve the condition of the citizens. However, they have had an effect on both individual and business operations.

Businesses need to be aware of the fresh GST laws. Additionally, ensure you keep up with the latest compliance guidelines and tax charges. It will avoid legal complications and penalties while ensuring that laws are obeyed in this way. On top of that, taxpayers should know the effect of GST. This may affect their daily expenses.

Conclusion

Taxpayers must keep themselves updated about new GST law updates. It will allow you to meet your tax obligations. You can also avoid legal complications. Also, you will be saved from penalties. It is also important to keep your tax planning optimized.

You must use the available tools and resources. If needed, consult professionals to understand the impact of updated GST law. It will help you manage your finances and business. You can get the maximum benefits of the tax system. You should stay informed of the latest updates.

Also Read: How to Create a Tax Invoice That is Compliant with the GST laws?

Frequently Asked Questions

1. What are the changes in GST until 2023?

Changes under the CGST Act – section 10. The registered taxpayers engaged in the supply of goods by way of ECO should be able to register under this scheme starting October 1, 2023.

2. How can one interpret the amendment of GST?

This entails the updation/changing of information furnished at the time of registering for GST. This allows the registered taxpayers to update their contacts such as an address, contact number, business structure and names, and authorised signatories among others.

3. What are the processes involved in changing information on the GST portal?

The following measures have to be taken to effect the amendments.

Visit www.gst.gov.in and click on the home page
Log in using your login credentials.
Click ‘Services’ then ‘Registration’.
Then choose “amendment registration core fields.” Make necessary changes.

4. Why was the 33rd GST Amendment issued?

Under chapter thirty-three of the GST amendment, a residential housing GST rate stands at one per cent without any input tax.

5. How much does it cost to register for GST?

The whole GST registration attracts no charges. A ₹10,000 or 10% charge on the taxable amount will serve as the initial fine if a business fails to register within the prescribed time frame. The punishment for tax evasion amounts to up to 100 percent.

6. How many days are you allowed to register for GST?

Every business must provide evidence that its operations are liable to GST and register for GST within 30 days after its commencement.

7. How much is the GST registration amendment fine?”

Any lateness attracts a penalty of one hundred rupees for each act per day. This translates to one hundred rupees each for SGST and CGST, adding up to two hundred per day. For instance, it can range up to ₹5000 as the maximum penalty amount.

8. The amendments that relate to GST invoices.

These modifications can also be done through a separate form called GSTR-1, where cancellations are reported.

9. Who gives GST registration approval?

An authorised officer will receive the reviewed GST application, including the attached documents, and send it for assessment. If all is well, approval is granted. The applicant is registered into the system after the approval has been given within three (3) working days from the date of application submission.

10. What are the various GST registration categories?

Three GST Registration Categories exist.

Casual Taxable Person
Normal Taxpayer
Non-Resident Taxable Person
Composition Taxpayer

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