GST new rule: Aadhaar authentication now mandatory for GST refunds
Zee News
GST Council had decided to make Aadhaar authentication mandatory for GST refunds in its 45th meeting in Lucknow, Uttar Pradesh.
New Delhi: In the 45th meeting of GST Council in Lucknow early this month, the members had decided to make Aadhaar authentication mandatory for claiming GST refund. To bring the change into effect, the Central Board of Indirect Taxes and Customs (CBIC), on Saturday (September 26), announced that it has amended GST rules.
The new rules have been introduced to bring in various anti-evasion measures. Some of these measures include disbursal of GST refunds only in the bank account linked with the same PAN on which Goods and Services Tax (GST) registration has been obtained.
Moreover, the CBIC’s notification also stated that businesses defaulting on filing the summary of returns and paying monthly GST will not be able to file GSTR-1 for returns for the succeeding month. This rule will come into effect starting from January 1, 2022.