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Get a concise overview of crucial GST Notifications dated 31/03/2023. Explore changes in late fees for GSTR-4, revocation of cancelled registrations, reduced late fees for GSTR-9, amnesty provisions, and revised timelines for adjudication orders under GST. Stay updated on the latest GST updates!

Notification No. 02/2023-Central Tax Dated: 31/03/2023

Late Fees in case of Form GSTR-4 is restricted to Rs.500 if tax liability exits and waived off completely in case of NIL returns if the returns are filed between 01/04/23 to 30/06/23.

Notification No. 03/2023-Central Tax Dated: 31/03/2023

Registered persons whose registration have been cancelled on or before 31/12/22 on grounds of non-filing of returns may apply for revocation of cancellation of their registrations upto 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 in such cases.

Notification No. 07/2023-Central Tax Dated: 31/03/2023

Reduction in Late Fees of GSTR-9

CBIC reduces Late Fees of GST Annual Return from the F.Y 2022-23 onwards as follows:

Registered Persons having an Aggregate Turnover Amount of Late Fees
Upto Rs. 5 crores 50 Rs. Per Day (Rs.25 CGST+Rs.25 SGST)
More than Rs.5 crores and upto Rs. 20 crores 100 Rs. Per Day (Rs.50 CGST+Rs.50 SGST)

The maximum late fee is calculated at 0.04%(0.02% CGST+0.02% SGST) of Turnover in the State or Union Territory.

For Registered Persons having an Aggregate Turnover of More than Rs.20 Crores no reduction in amount of Late Fees.

Amnesty in Late Fees of GSTR-9

The maximum Late Fees is restricted to Rs. 20,000 if Annual Return for the Financial Years 2017-18 to 2021-22 are filed between 01/04/23 to 30/06/23.

Notification No.08/2023-Central Tax Dated: 31/03/2023

Late Fees in case of Form GSTR-10 i.e. Final Return is restricted to Rs. 1,000 if the said returns are filed between 01/04/23 to 30/06/23.

Notification No. 09/2023–Central Tax Dated: 31/03/2023

Revised Time limits for issuance of Adjudication Orders u/s 73, are as follows:

Financial Year Last Date of issuance of Order
2017-18 31/12/2023
2018-19 31/03/2024
2019-20 30/06/2024

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