New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) has amended GST rules, making Aadhaar authentication mandatory for claiming GST refunds.
The new rule has been introduced to bring in various anti-evasion measures, including disbursal of GST refunds only in the bank account linked with the same PAN on which GST registration has been obtained.
According to a CBIC notice issued on Saturday, businesses defaulting on filing the summary of returns and paying monthly GST won’t be able to file GSTR-1 for returns for the succeeding month. This rule will come into effect from January 1, 2022, it added.
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