GST Amnesty Scheme 2023: Revocation of Cancellation of GST Registration and 2 Others; Avail benefits before 30th June

The GST Amnesty Scheme was first announced to cover the period from July 2017 to September 2018. A one-time extension of the time limits was then granted. Taxpayers may file these outstanding taxes on or before March 31, 2019.

Due to the COVID epidemic, various tax experts and industry leaders encouraged the government to reactivate the GST amnesty plan for several months in early 2020. Finally, the government granted their plea.

CBIC adopted the GST Amnesty Scheme for the second time on June 1, 2021, by a notification. It is applicable to all outstanding GSTR-3B returns for tax periods between July 2017 and April 2021.

The GST Council recently suggested establishing a GST amnesty plan for taxpayers who have not yet submitted GSTR-4, GSTR-10, and GSTR-9 for the previous financial years at its 49th meeting in February 2023. In addition, the Council proposed giving persons whose GST registrations were terminated extra time to rescind such cancellations. Furthermore, the authorities would not use Section 62 if some taxpayers failed to file returns within the time period specified in the notification provided they filed on or before June 30, 2023.

The CBIC has established the Goods and Services Tax Amnesty Scheme for the revocation or cancellation of GST registration, among other things. The deadline is coming, and taxpayers must take advantage of the amnesty programme before the deadline, which is June 30, 2023. The late fees of filing is also levied.

Amnesty Scheme under GST

• For Non-Filers of GSTR-4 | GSTR-9 | GSTR-10 | Returns
• For Revocation of Cancellation of Registration
• For deemed withdrawal of Best Judgement Assessment Order

Amnesty Scheme for Registration Cancellation Revocation

This is a chance for taxpayers whose GST registration was revoked on or before December 21, 2022 due to non-filing of returns and who:

• Failure to seek for revocation within the time limit; or
• Whose appeal against the decision of cancellation of registration or the order rejecting the application for revocation of cancellation of registration was denied due to failure to comply with the statutory deadline.

These persons may request a reversal of their registration cancellation by filing any ongoing returns due up to the date of cancellation, as well as the payment of any tax, interest, penalty, or late costs related with those returns. The application date for reversal of cancellation is June 30th, 2023.

Late Fees Associated with Amnesty Schemes