Summary of GST Notification on 31-03-2023

Announcements By - Deepak Raj M C

No. 02/2023 – Central Tax

GSTR 4 if not filed within due date, Late fee restricted to Rs. 500/- if filed between 01-04-2023 to 30-06- 2023 for the quarters from July, 2017 to March 2019 or FY 2019-20 to FY 2021-22.

No. 07/2023 – Central Tax

GSTR 9 if not filed within due date, Late fees restricted to Rs. 20,000/- if GSTR-9 is filed between 01-04- 2023 to 30-06-2023 for the FY 2017-18, 2018-19, 2019-20, 2020-21 or 2021-22.

Late Fees Revision from FY 22-23 onwards

Aggregate Annual T/O	Late Fees
Upto Rs. 5Cr	Rs. 50 per day Subject to maximum of 0.04% of T/O
Above Rs. 5Cr and upto Rs. 20Cr	Rs. 100 per day Subject to maximum of 0.04% of T/O
Above Rs. 20Cr	Rs. 200 per day Subject to maximum of 0.50% of T/O

No. 03/2023 – Central Tax

Special procedure for revocation of cancellation of registration, canceled on or before the 31-12-2022

• To be applied within 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

 

No. 04/2023 – Central Tax

CGST (Amendment) Rules, 2023 – Effective from 26-12-2022 [Rules prescribed under No. 26/2022 – Central Tax gets amended]

Sub-rule (4A) – Explains Authentication of Aadhaar during registration, whereas Biometric-based Aadhaar authentication and taking photograph of the applicant amended as a proviso to the said rule.

Earlier was not inserted as proviso to the rule.

 

No. 05/2023 – Central Tax

Sub-rule (4B) amended giving effect to Sub-rule (4A) Proviso

“for and words, ―provisions of, the words ―proviso to, shall be substituted”

Thereby making the Proviso to Sub-rule (4A) applicable only to Gujarat (As explained in No. 27/2022- Central Tax)

 

Combined reading of No. 04/2023 – Central Tax and No. 05/2023- Central Tax concludes Biometric-based Aadhaar authentication and taking photograph of the applicant along with the verification of the original copy of the documents to be uploaded with the application in FORM GST REG-01 through one of the notified Facilitation Centres is applicable only to the state of Gujarat.

 

No. 06/2023 – Central Tax

Special procedure for Assessment of Non Filers of returns Assessment shall be withdrawn if

• Returns furnished on or before 30-06-2023
• Along with payment of Interest u/s 50 and Late Fees u/s 47

 

No. 08/2023 – Central Tax

GSTR 10 if not filed within due date, Late fees restricted to Rs. 1,000/- if GSTR-10 is filed between 01-04- 2023 to 30-06-2023

 

No. 09/2023 – Central Tax

Extension of Time Limit for issuance of Order u/s 73(9)

FY 17-18 – Upto 31-12-2023

FY 18-19 – Upto 31-03-2024

FY 19-20 – Upto 30-06-2024