SYNOPSIS: Taxpayers can revoke GST Registration cancellation by paying taxes and penalty on or before 30th June, 2023.
As per the recommendation of GST Council the government has allowed businesses to apply for the revocation of GST Registration cancellation up to 30th June 2023, only after paying outstanding taxes, penalty and interest.
The finance Ministry has amended Central Goods and Service Tax Act, stating that the businesses whose registration cancellation was done on or before 31st December, 2022 and who have failed to apply for revocation of cancellation within permitted time, can do so by till 30th June 2023.
Notification also clarifies that there will be no further extension for filing the application for revocation of cancellation of registration in such cases.
Notification No. 03/2023
extension of time limit for application
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
G.S.R…..(E).—In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said Act), the Central Government, on the recommendations of the Council, hereby notifies that the registered person, whose registration has been cancelled under clause (b) or clause (c) of subsection (2) of section 29 of the said Act on or before the 31st day of December, 2022, and who has failed to apply for revocation of cancellation of such registration within the time period specified in section 30 of the said Act as the class of registered persons who shall follow the following special procedure in respect of revocation of cancellation of such registration, namely:
(a) the registered person may apply for revocation of cancellation of such registration upto the 30th day of June, 2023;
(b) the application for revocation shall be filed only after furnishing the returns due upto the effective date of cancellation of registration and after payment of any amount due as tax, in terms of such returns, along with any amount payable towards interest, penalty and late fee in respect of the such returns;
(c) no further extension of time period for filing application for revocation of cancellation of registration shall be available in such cases.
Explanation: For the purposes of this notification, the person who has failed to apply for revocation of cancellation of registration within the time period specified in section 30 of the said Act includes a person whose appeal against the order of cancellation of registration or the order rejecting application for revocation of cancellation of registration under section 107 of the said Act has been rejected on the ground of failure to adhere to the time limit specified under sub-section (1) of section 30 of the said Act
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