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1. Related companies – TP rules may apply to domestic operations – SC sends suggestions to Central Government

2. In the case of Deemed Export, either the recipient of goods or the supplier of goods (subject to conditions) may apply for for refund of tax (GST)

3. Any Payment above ₹ 5,000 to Suppliers, contractors, grantee/loanee institutions etc by Government Departments to be now made through e-Payment

4. Non furnishing of Bank Account details may lead to cancellation of GST Registration (4th condition added) - Rule 21 of the Central Goods and Services Tax Rules, 2017

5. Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019

6. Issue of consolidated tax invoice in case of banking company, NBFC etc. - For the words “supplier shall issue”, the words “supplier may issue” substituted

7. Supplies made by Government Departments and PSUs to other Government Departments and vice-versa exempted from TDS.

8. Seeks to provide exemption from furnishing of Annual Return / Reconciliation Statement for suppliers of Online Information Database Access and Retrieval Services(“OIDAR services”).

9. Disallowance u/s 43B – the assessee has retained the money from the suppliers on the pretext that it will make the payment to the Government - provision of section 43B...

10. Denial of Input Tax Credit since the GST registration of the Supplier of Goods has been Cancelled with retrospective effect.