Key GST Changes Coming Into Effect From January 1, 2022

These amendments span across a wide spectrum of aspects like taxability, input credit restriction, enforcement provisions, persons liable to pay tax and rate changes. While some of these changes are specific to sectors like infrastructure/EPC or e-commerce in terms of impact, the others would have a wider impact and would affect trade and industry at large. Affected businesses would need to gear up to deal/comply with these wide-ranging changes.

The key changes haven been sought to be summarized for ready reference below.