CBIC notifies Lapse of Attachment Orders by Commissioner in Form GST DRC-22 from One Year of Date of Issue [Read Order]

The Central Board of Indirect Taxes and Customs (CBIC), through a gazette notification has amended the Central Goods and Services Tax (CGST) Rules, 2017 to lay down the period for lapse of attachment orders made by the Commissioner as one year from date of issue of order.

The notification has added the validity period to FORM GST DRC-22 in CGST Rules.

The notification dated 26th October, 2023 stated –

“In the said rules, in rule 159, in sub-rule (2), after the words “Commissioner to that effect”, the words “or on expiry of a period of one year from the date of issuance of order under sub-rule (1), whichever is earlier,” shall be inserted.”

Further, the said notification no. 52/2023 amended the following rules under the Central Goods and Services Tax Regime –

Amendment to Rule 28: Rule 28 is renumbered as sub-rule (1), and a new sub-rule (2) is inserted. Sub-rule (2) relates to the value of supply of services by a supplier to a related person by providing corporate guarantees to a banking company or financial institution.

Amendment to Rule 142: In sub-rule (3), the wording is changed from "the proper officer shall issue an order" to "the proper officer shall issue an intimation."

Amendment to Rule 159: In sub-rule (2), a new clause is inserted, specifying that the period of one year from the date of issuance of an order under sub-rule (1) is the expiration date for certain purposes.

Amendment to FORM GST REG-01: A new clause "(xiva) One Person Company" is added after clause (xiv).

Replacement of FORM GST REG-08: FORM GST REG-08 is substituted with a new format for orders of cancellation of registration as a Tax Deductor at source or Tax Collector at source. It provides different scenarios for cancellation, including reasons for cancellation and the effective date.

Amendment to FORM GSTR-8: Changes are made to serial numbers 5, 7, and 9, which relate to interest, late fees, and debit entries in the cash ledger for TCS.

Amendment to FORM GST PCT-01: Changes are made to Part-B of the form, specifically to serial number 4, which details the enrollment options available for various professionals and degree holders.

To Read the full text of the Order CLICK HERE

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