Waiver of UIN Recording on Invoices for FY 2020-21

2025-03-03 08:22:36 02March

02March

Waiver of UIN Recording on Invoices for FY 2020-21

<p style="background-color:rgb(24,24,27);border:0px solid rgb(229,231,235);color:rgb(228,228,231);font-family:'Inter var', 'ui-sans-serif', 'system-ui', sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol', 'Noto Color Emoji';font-size:14px;font-style:normal;font-weight:400;margin:0px 0px 0.5em;word-spacing:0px;">In a significant development, the Central Board of Indirect Taxes and Customs (CBIC) has extended the waiver of recording the Unique Identification Number (UIN) on invoices issued by retailers and suppliers. This decision pertains to the period from April 2020 to March 2021 and is particularly aimed at UIN entities seeking GST refunds.<h4 style="background-color:rgb(24,24,27);border:0px solid rgb(229,231,235);color:rgb(228,228,231);font-family:'Inter var', 'ui-sans-serif', 'system-ui', sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol', 'Noto Color Emoji';font-size:14px;font-style:normal;line-height:1.5;margin:1.5em 0px 0.5em;word-spacing:0px;">Key Highlights:</h4><ol style="background-color:rgb(24,24,27);border:0px solid rgb(229,231,235);color:rgb(228,228,231);font-family:'Inter var', 'ui-sans-serif', 'system-ui', sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol', 'Noto Color Emoji';font-size:14px;font-style:normal;font-weight:400;list-style:decimal;margin:0px 0px 1.25em;padding:0px 0px 0px 2.625em;word-spacing:0px;"><li style="border:0px solid rgb(229,231,235);margin-bottom:0.5em;margin-top:0.5em;padding-left:0.375em;">UIN Waiver Extended: A waiver from recording the UIN on invoices for refund claims has been granted for the period from April 2020 to March 2021. This follows the previous waiver that was effective till March 2020.</li><li style="border:0px solid rgb(229,231,235);margin-bottom:0.5em;margin-top:0.5em;padding-left:0.375em;">Condition for Waiver: The waiver is applicable provided that the copies of such invoices are attested by the authorized representative of the UIN entity. The attested invoices must be submitted to the jurisdictional officer for further processing.</li><li style="border:0px solid rgb(229,231,235);margin-bottom:0.5em;margin-top:0.5em;padding-left:0.375em;">Impact on GST Refund Process: The extension of this waiver simplifies the refund process for UIN entities by eliminating the need for UINs to be mentioned on invoices. This measure aims to make the refund claims more efficient and less cumbersome for retailers and other suppliers who deal with UIN entities.</li><li style="border:0px solid rgb(229,231,235);margin-bottom:0.5em;margin-top:0.5em;padding-left:0.375em;">Public Notification: The CBIC has urged relevant authorities to publicize the contents of this circular to ensure smooth implementation of the waiver and to inform the public and stakeholders about this important change.</li></ol><p style="background-color:rgb(24,24,27);border:0px solid rgb(229,231,235);color:rgb(228,228,231);font-family:'Inter var', 'ui-sans-serif', 'system-ui', sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol', 'Noto Color Emoji';font-size:14px;font-style:normal;font-weight:400;margin:0.5em 0px;word-spacing:0px;">This waiver is part of the government’s continuous efforts to ease GST compliance, especially for UIN entities, during challenging times. By removing the need for UIN recording on invoices, businesses can focus on the critical aspects of their operations while ensuring that the refund process remains seamless.<a href="https://cms.plasament.com/storage/nisha/circular-refund-144-12-2020.pdf">circular_refund_144_12_2020</a>