“Summary of key decisions from the 50th GST Council Meeting on July 17, 2023. Explore the amendments made to CGST notifications, including extensions for GSTR 4 filers, revocation of registration, and amnesty for GSTR 9 and GSTR 10 non-filers. Stay informed to ensure smooth GST compliance.”
The50th GST council meeting has resulted in significant updates and extensions. The government has issued notifications on 17th July 2023, summarizing the changes. This article analyzes the key amendments made to CGST notifications, covering extensions for GSTR 4 filers, revocation of registration, and amnesty for GSTR 9 and GSTR 10 non-filers.
- CGST Notification- 22/2023 dated 17.07.2023: Extension of Amnesty for GSTR 4 filers from 30.06.2023 to 31.08.2023.
The seventh proviso of Notification no. 73/2017 dated 29.12.2017 stands further amended as under:
In the said notification, in the seventh proviso, for the words, letter and figure “30th day of June, 2023” the words, letter and figure “31st day of August, 2023” shall be substituted.
Hence, the updated proviso now reads as:
“Provided also that the amount of late fee payable under section 47 of the said Act shall stand waived which is in excess of two hundred and fifty rupees and shall stand fully waived where the total amount of central tax payable in the said return is nil, for the registered persons who fail to furnish the return in FORM GSTR-4 for the quarters from July, 2017 to March 2019 or for the Financial years from 2019-20 to 2021-22 by the due date but furnish the said return between the period from the 1st day of April, 2023 to the 31st day of August, 2023.”
- CGST Notification- 23/2023 dated 17.07.2023: Time limit for application for revocation of cancellation of registration extended to 31st August
The following amendment in notification no. 03/2023 Central Tax dated 31.03.2023 has been made:
In the said notification, for the words, letter and figure “30th day of June, 2023” the words, letter and figure “31st day of August, 2023” shall be substituted.
The updated notification now reads as under:
In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said Act), the Central Government, on the recommendations of the Council, hereby notifies that the registered person, whose registration has been cancelled under clause (b) or clause (c) of sub-section (2) of section 29 of the said Act on or before the 31st day of December, 2022, and who has failed to apply for revocation of cancellation of such registration within the time period specified in section 30 of the said Act as the class of registered persons who shall follow the following special procedure in respect of revocation of cancellation of such registration, namely:–
(a) the registered person may apply for revocation of cancellation of such registration upto the 31st day of August, 2023.
- CGST Notification- 24/2023– Due date extended from 30th June to 31st August for returns to be furnished in consequence of order issued u/s 62.
The following amendment has been made in notification 06/2023 Central tax dated 31.03.2023.
In the said notification, for the words, letter and figure “30th day of June, 2023” the words, letter and figure “31st day of August, 2023” shall be substituted.
The updated notification now reads as under:
In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said Act), the Central Government, on the recommendations of the Council, hereby notifies that the registered persons who failed to furnish a valid return within a period of thirty days from the service of the assessment order issued on or before the 28th day of February, 2023 under sub-section (1) of section 62 of the said Act, as the classes of registered persons, in respect of whom said assessment order shall be deemed to have been withdrawn, if such registered persons follow the special procedures as specified below, namely,-
(i) the registered persons shall furnish the said return on or before the 31st day of August, 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 of the said Act, irrespective of whether or not an appeal had been filed against such assessment order under section 107 of the said Act or whether or not the appeal, if any, filed against the said assessment order has been decided.
- CGST Notification- 25/2023-Exention to Amnesty scheme for filing of GSTR 9
The following amendment has been made to notification no. 07/2023 dated 31.03.2023:
In the said notification, in the proviso, for the words, letter and figure “30th day of June, 2023” the words, letter and figure “31st day of August, 2023” shall be substituted.
The updated provsio now reads as under:
Provided that for the registered persons who fail to furnish the return under section 44 of the said Act by the due date for any of the financial years 2017-18, 2018-19, 2019-20, 2020-21 or 2021-22, but furnish the said return between the period from the 1st day of April, 2023 to the 31st day of August, 2023, the total amount of late fee under section 47 of the said Act payable in respect of the said return, shall stand waived which is in excess of ten thousand rupees.
- CGST Notification-26/2023– Seeks to extend amnesty for GSTR 10 non-filers
The following amendment has been made to Notification no. 08/2023 dated 31.03.2023:
In the said notification, for the words, letter and figure “30th day of June, 2023” the words, letter and figures “31st day of August, 2023” shall be substituted.
The updated portion of the notification now reads as under:
In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby waives the amount of late fee referred to in section 47 of the Act, which is in excess of five hundred rupees for the registered persons who fail to furnish the final return in FORM GSTR-10 by the due date but furnish the said return between the period from the 1st day of April, 2023 to the 31st day of August, 2023.
Conclusion: The recent decisions taken in the 50th GST council meeting have led to crucial updates and extensions. Taxpayers now have additional time to comply with various requirements, such as filing returns, applying for registration revocation, and availing of amnesty schemes. Staying informed about these changes will help taxpayers avoid penalties and ensure smooth compliance with GST regulations.
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