Blog 2023-04-30

Rajesh Sareen & Associates

Call +91-70-1160-2295

2022-04-30

NEW GST Amendments Effective from 01-04-2023 vide Notifications dated 31-03-2023

1. Notification No. 02/2023 –

Late Fee waiver for Dealers registered under composition scheme –

a) Maximum Late Fee Rs.250.00

b) There will be no late fee if Central Tax payable is NIL

Applicable for returns (GSTR-4) not yet filed –

Quarterly returns for the period from July, 17 to March 19 or for the Period from 2019-20 to 2021-22, Due Date for filing is 01.04.2023 to 30.06.2023.

2. Notification No. 03/2023 –

Application for Revocation of cancellation of registration Eligible Person – whose registration has been cancelled under clause (b) or (c) of sub-section (II) of section 29 on or before the 31.12.2022.

Eligible Person means the person whose appeal against the order of cancellation of registration or the order rejecting application for revocation of cancellation of registration u/s 107 of the Act has been rejected on the ground of failure to follow to the time limit specified under sub-section (one) of section 30 of the CGST Act.

Eligibility conditions – the returns due upto the effective date of cancellation of registration shall have been furnished before filing the application for revocation.

Due Date for applying – up to 30-06-2023

3. Notification No. 04/2023– Amended Sub-Rule 4A of Rule 8 –

Authentication of Aadhaar and Date of Submission of Registration Application.

The date of submission of registration application shall be date of authentication of the Aadhaar number, or fifteen days from the submission of the application in Part B of FORM GST REG-01 under sub-rule (4), whichever is earlier.

4. Notification No. 06/2023 – Relaxation to the registered person who failed to file the returns after assessment under section 62(1) within thirty days from the service of assessment order Relieves for Order – issued on or before 28-02-23 under section 62(1).

Due Date to file valid returns – 30-06-2023 .

It is Applicable to the person including the person whether he had filed an appeal against such order or not or whether or not the appeal, if any, filed against the said assessment order has been decided.

5. Notification No. 07/2023 – Exemption in late for filing Annual Return GSTR-9

New rate of late fee for the year 2022-23 for the following persons without fix any due date for filing –

A). Registered persons having an 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.

B) Registered persons having an aggregate turnover of more than Rs 5 cr. & up to Rs 20 Cr. in the concern period. –

Rs 50 per day, subject to a maximum of an amount calculated at 0.02% . of turnover in the State or Union territory.

Rate for financial years from 2017-18 to 2021-22 subject to furnish such return upto 30-06-2023 – As per rate prescribed under section 47 but maximum payable amount shall be Rs. Ten Thousand.

6. Notification No. 08/2023 –

Exemption in late fee for filing Final Return GSTR-10 after cancellation of registration Maximum Late fee shall be Rs. Five hundred subject to filing such return upto 30-06-2023.

7. Notification No. 09/2023– Time Limit extending for issuing the order under section 73(10) is as follows:

(i) for the Accounting year 2017-18, up to the 31st day of Dec., 23;

(ii) for the Accounting year 2018-19, up to the 31st day of March, 24;

(iii) for the Accounting year 2019-20, up to 30th june 2024.

Legal