Gist Of Notifications Issued By CBIC On 31 March 2023

• Law Firm: Nexdigm Private Limited
• Subject Matter: Tax, Sales Taxes: VAT, GST
• Author: Nexdigm Private Limited
• Published date: 25 April 2023

In its 49^th meeting, the GST Council recommended various amnesty schemes to regularize the pending compliances. To give effect to those, the Central Board of Indirect Taxes and Customs (CBIC) has issued the following notifications:

Sr. No.	Notification No	Gist
1	02/2023 - Central Tax	Amnesty for taxpayers under Composition Scheme; The said Notification provides capping of late fees in case of delay in filing of Quarterly/Annual Return in Form GSTR-4 for the period July 2017 to March 2018, FY 2018-19, 2019-20, 2020-21 and 2021-22 as under INR 500* Nil in case of nil return Condition: Composition taxpayers should file pending Form GSTR-4 between 1 April 2023 to 30 June 2023.; *Total late fee under CGST and SGST
2	03/2023 - Central Tax	One-time extension for making an application for revocation of canceled registration; Applicability: Registration has been canceled on or before 31 December 2022 on account of non-filing of returns.; The procedure for applying for revocation has been outlined as under Furnish all pending returns upto the effective date of registration cancellation after duly paying applicable taxes interest, penalty and late fees. Thereafter, apply for revocation of cancellation of registration on or before 30 June 2023. The benefit of the above extension is also available when the appeal against: (a) the order of cancellation of registration or; (b) order rejecting an application for revocation of cancellation has been rejected on the ground of failure to adhere to the time limit specified under Section 30(1) of the Act.
3	04/2023 - Central Tax	In case where Aadhar authentication is opted for at the time of applying for registration, the date of application shall be considered to be earlier of date of completing the Aadhar authentication or 15 days from submitting the application. (Change will apply retrospectively from 26 December 2022).
4	06/2023 - Central Tax	Amnesty for deemed withdrawal of best judgment assessment order passed under Section 62 of CGST Act; Applicability: Registered persons against whom Best Judgement Assessment order has been issued on or before 28 February 2023, and have failed to furnish a valid return within 30 days from the date of service of such order.; The said Notification provides for deemed withdrawal of assessment order passed if: i. Valid return is furnished on or before 30 June 2023; ii. Applicable Interest and late fee is paid; The said option is available irrespective of the appeal status...