Big Relief in GST in New Financial Year
- GST registration cancelled on or before 31st December 2022 can now be revoked, by filling an application before 30th June 2023.
- Late fee for filling of Annual return for FY 2017-18 to 2021-22 is capped at 20000/- if filling before 30/06/2023
- Late fee for filling of Final Return GSTR 10 is capped at ₹1000/- if filled before 30/06/23.
No. 02/2023 – Central Tax
GSTR 4 if not filed within due date, Late fee restricted to Rs. 500/- if filed between 01-04-2023 to 30-06-2023 for the quarters from July, 2017 to March 2019 or FY 2019-20 to FY 2021-22.
No. 03/2023 – Central Tax
Special procedure for revocation of cancellation of registration. canceled on or before the 31-12-2022 – To be applied within 30-06-2023 – Revocation to be filed only after filing all returns along with payment of tax, upto the effective date of cancellation of registration – No further extension of time period for filing application
No. 04/2023 – Central Tax
CGST (Amendment) Rules, 2023 – Effective from 26-12-2022 [Rules prescribed under No. 26/2022 -Central Tax gets amended] Sub-rule (4A) – Explains Authentication of Aadhaar during registration, whereas Biometric-based Aadhaar authentication and taking photograph of the applicant amended as a proviso to the said rule. Earlier was not inserted as proviso to the rule.
No. 05/2023 – Central Tax
Sub-rule (4B) amended giving effect to Sub-rule (4A) Proviso ‘for and words, —provisions of the words —proviso to, shall be substituted” Thereby making the Proviso to Sub-rule (4A) applicable only to Gujarat (As explained in No. 27/2022-Central Tax)
Combined reading of No. 04/2023 – Central Tax and No. 05/2023- Central Tax concludes Biometric-based Aadhaar authentication and taking photograph of the applicant along with the verification of the original copy of the documents to be uploaded with the application in FORM GST REG-01 through one of the notified Facilitation Centres is applicable only to the state of Gujarat.
No. 06/2023 – Central Tax
Special procedure for Assessment of Non Filers of returns Assessment shall be withdrawn if – Returns furnished on or before 30-06-2023 – Along with payment of Interest u/s 50 and Late Fees u/s 47
No. 07/2023 – Central Tax
GSTR 9 if not filed within due date, Late fees restricted to Rs. 20,000/- if GSTR-9 is filed between 01-04-2023 to 30-06-2023 for the FY 2017-18, 2018-19, 2019-20, 2020-21 or 2021-22. Late Fees Revision from FY 22-23 onwards
| Aggregate Annual T/O | Late fees |
| Upto Rs. 5Cr | Rs. 50 per day Subject to maximum of 0.04% of T/O |
| Above Rs. 5Cr and upto Rs.20Cr | Rs. 100 per day Subject to maximum of 0.04% of T/O |
| Above Rs. 20Cr | Rs. 200 per day Subject to maximum of 0.50% of T/O |
No. 08/2023 – Central Tax
GSTR 10 if not filed within due date, Late fees restricted to Rs. 1,000/- if GSTR-10 is filed between 0 I -04- 2023 to 30-06-2023
No. 09/2023 – Central Tax
Extension of Time Limit for issuance of Order u/s 73(9)
FY 17-18 – Upto 31-12-2023
FY 18-19 – Upto 31-03-2024
FY 19-20 – Upto 30-06-2024
