The Centre has notified certain procedural changes in the GST rules that are expected to ease the compliance burden on assessees.

Businesses have been allowed to make tax payments on the GSTN portal by using IMPS and UPI payment modes.

Those with an aggregate annual turnover of up to Rs 2 crore in the fiscal ended March 31, 2022, are exempt from filing annual returns for 2021-22.

Interest on incorrect availment of input tax credit (ITC) would apply in cases where such credit is utilised.

The provision would come into effect from July 5 and would apply retrospectively from July 1, 2017.

The amendments also provide for automatic revocation of GST registrations cancelled once the return filing is regularised.

Abhishek Jain, partner indirect tax, KPMG in India, said in a statement: “The government has extended the limitation period under the GST rules for issuance of notice to taxpayers who have not paid or have short paid the tax due.