- Summary of GST Amendments vide Notification No. 94/2020-Central Tax applicable from 01.01.2021
- I. ITC related changes – Capping of ITC availment for missed invoices at 5%
- II. Tax payment related changes – compulsory payment of tax of at least 1% by cash (subject to exceptions)
- III. Suspension/cancellation of GST Registration
- IV. New GST Registration
- V. Suspension of the filing of GSTR 1
- VI. E-way bill – Available travel time curtailed by 50%
- Provisions of Finance Act, 2020 related to GST Applicable From 01.01.2021
Source Taxguru
Latest Posts in "India"
- Consumer Goods Companies Cut Prices as GST 2.0 Launches Monday
- GST Rate Changes Effective September 22, 2025: Key FAQs and Updates
- GST Rate Cut to 5% for Budget Hotels Under ₹7,500 Restricts Input Tax Credit
- Bombay HC Rules Freight Charges Reimbursed by Wholesalers Not Part of Sale Price
- GST Council announces major rate restructuring and exemptions
