GST Amnesty Scheme for Revocation of Cancellation of Registration: Remember to avail before 30th June

The Central Board of Indirect Taxes and Customs (CBIC) has provided the Goods and Services Tax (GST) Amnesty Scheme for Revocation of Cancellation of GST registration and also for other purposes. The due date is approaching and the taxpayers have to avail the amnesty scheme before the due date i.e., 30th June 2023. The late fee for filing is given below.

The GST amnesty scheme is for the following:

1. For non-filers of GSTR-4, GSTR-9 and GSTR-10
2. For revocation of cancellation of GST registration
3. For deemed withdrawal of Best Judgment Assessment Order

Amnesty Scheme for Revocation of Cancellation of Registration

This is an opportunity for the taxpayers whose GST registration was cancelled on or before 21st December 2022 on account of non-filing of returns who:

1. Failed to apply for revocation within the specified period; or
2. Whose appeal against the order of cancellation of registration or the order rejecting application for the revocation of cancellation of registration has been rejected on the ground of failure to adhere to the prescribed limit.

These individuals have the option to apply for the reversal of their registration cancellation by submitting all the pending returns, which are due up to the date of cancellation, along with the payment of tax, interest, penalty, and late fees associated with those returns. The deadline to apply for revocation of cancellation is 30th June 2023.

Late Fee for Filing Form GSTR-4

The late fee for filing form GSTR-4 returns for the quarters from July 2017 to March 2019 or for the F.Y.s from 2019-2020 to 2021-22 has been reduced to:

1. Nil for Nil returns
2. ₹500/- other than Nil returns

Note: If returns are filed on or before 30th June 2023. Otherwise this increase or change to higher.

Late Fee for Filing Form GSTR-9

The maximum late fee is restricted to ₹20,00/- for filing the annual return in form GSTR-9 for any Financial year from 2017-18 to 2021-22 if filed on or before 30th June 2023.

Late Fee for Filing Form GSTR-10

The late e for filing of final return in form GSTR-10 has been reduced to ₹1,000, if filed on or before 30th June 2023.

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