Subscribe to the Bombay Chartered Accountant Journal Subscribe Now!

May 2023

Recent Developments in GST

By G. G. Goyal, Chartered Accountant
C. B. Thakar, Advocate
Reading Time 19 mins

A. NOTIFICATIONS

i) Notification No.2/2023-Central Tax dated 31st March, 2023

By the above notification, the date for filing GSTR 4 for F.Ys.2017-18 to 2021-22 is extended upto 30th June, 2023 without any late fees, if there is no additional liability. If there is additional tax payable, then the late fees will be maximum Rs.250 under the CGST Act.

ii) Notification No.3/2023-Central Tax dated 31st March, 2023

By the above notification, a facility is provided to the Registered Person whose registration has been cancelled on or before 31st December, 2022 for non-filing of returns. If such a person files returns upto effective date of cancellation with applicable interest and late fees before 30th June, 2023 then he can apply for the revocation of cancellation. The person in whose case an appeal is rejected can also take benefit of this notification.

iii) Notification No.4/2023-Central Tax dated 31st March, 2023

By above notification, the rule 8(4A) of CGST Act is substituted. The said rule is regarding authentication of Aadhar number. This is now a revised procedure.

iv) Notification No.5/2023-Central Tax dated 31st March, 2023

Download PDF

You May Also Like

From Published Accounts

Regulatory Referencer