Restoration of GST Registration
GST Registration which was cancelled on or before 31.12.2022 and no application for revocation of cancellation was filed (including appeal rejected cases) can now apply for restoration of registration by following the special procedure.
(a) The registered person may apply for revocation of cancellation of such registration upto 30th day of June 2023.
(b) The application of revocation shall be filed only after furnishing the returns due upto the effective date of cancellation of registration and after payment of any amount due as tax, in terms of such returns, along with any amount payable towards interest, penalty and late fee in respect of the such returns.
(c) No further extension of time period for filing application for revocation of cancellation of registration shall be available in such cases.
Filing of Annual Return – GSTR 9 and 9C
|2017-18, 2018-19, 2019-20, 2020-21, 2021-22||Late Fee – Rs.20,000/-||If the returns are filed between 1.4.2023 to 30.6.2023.|
|Sl.No.||Class of registered persons||Amount|
|1.||Aggregate turnover of up to five crore rupees in the relevant financial year.||Twenty-five rupees per day, subject to a maximum of an amount calculated at 0.02 per cent of turnover in the State or Union territory.|
|2.||An aggregate turnover of more than five crores rupees and up to twenty crore rupees in the relevant financial year.||Fifty rupees per day, subject to a maximum of an amount calculated at 0.02 per cent of turnover in the State or Union territory.|
Filing of GSTR-10
(Return to be filed within three months from the date of cancellation of registration)
No late fee for filing GSTR 10, if the returns are filed between 1.4.2023 to 30.6.2023
Withdrawal of assessment orders issued under Section 62
Assessment orders, issued prior to 28.2.2023 under Section 62(1), are deemed to be withdrawn, if the special procedure as specified below is followed.
(i) The registered persons shall furnish the said return on or before the 30th day of June 2023.
(ii) The return shall be accompanied by payment of interest due under sub-section (1) of section 50 of the said Act and the late fee payable under section 47.
New Foreign Trade Policy, 2023 shall take effect from 1.4.2023.