The Central Government in exercise of its powers under section 128 of the Central Goods and Service Tax Act,2017 vide Notification No. 2/2023-Central Tax, dt. 31-03-2023 has waived the late fee in excess of Rs. 500 for failure of registered persons to furnish the returns in Form GSTR-4  where there was any taxable supply to for the period between July 2017 to March,2019. Further, in case the total amount of tax payable is nil in the said return the late fees is fully waived.

The above relaxation is subject to the condition that the GSTR-4 for the above periods is furnished between the period from the 1-4-2023 to 30-6-2023.

If a taxpayer fails to avail the benefit of the amnesty by furnishing the pending return between the above period, it will have to incur the maximum penalty of Rs. 10000 per return.

In respect of delay in furnishing Form GSTR-4 for the subsequent period, the maximum late fees of Rs. 10,000 would continue to be charged.

The Central Government in exercise of its powers under section 148 of the Central Goods and Service Tax Act,2017 vide Notification No. 3/2023-Central Tax, dt. 31-03-2023 has extended the time limit for filing the revocation of cancellation of GST registration for those taxpayers whose GST stands cancelled by 31st December 2022 and they have not been able to file the revocation application within the prescribed time limit. The said taxpayers can file the revocation application by 30th June 2023.The application for revocation shall be filed after the returns due up to the date of cancellation of registration has been filed and the tax amount due in respect of such return along with the interest an late fees has been paid. No further extension of time for filing application for revocation of cancellation of registration shall be available in such cases.

 CBDT has notified the cost inflation index for the Financial Year 2022-23  at  348

 The Central Government in exercise of its powers under section 148 of the Central Goods and Service Tax Act,2017 vide Notification No. 3/2023-Central Tax, dt. 31-03-2023  has  provided that   registered persons in whose cases assessment u/s 62 of the Act has been done on or before 28.02.2023 and who have failed to furnish a valid return within a period of 30 days from date of service of assessment order. Such persons should furnish the said return on or before 30.06.2023 with payment of interest and late fees.

 Late fees u/s 47 has been rationalised for Annual Returns filed u/s 44 for the F.Y 2022-23 onwards based on turnover of the registered persons.  The late fees payable for the delay in filing GSTR -9 shall be as follows

Also, an amnesty scheme has been provided for those persons who have failed to furnish their annual returns for F.Y. 2017-18, 2018-19, 2019-20, 2020-21 or 2021-22 but furnishes the same between 01.04.2023 to 30.06.2023. The late fees payable in such cases shall be restricted to Rs 20,000/- only.

 Amnesty scheme has been provided for the failure to furnish  Final Return in FORM GSTR-10 by the due date. The said returns can be  furnished from 01.04.2023 to 30.06.2023 with a maximum payment of late fees of Rs 1000/- only.

The Government has with effect from 01.05.2023 imposed a time limit on reporting old invoices on the e-invoice IRP portals for taxpayers with turnover greater than or equal to 100 crores whereby they shall not be allowed to report invoices older than 7 days on the date of reporting. This restriction applies to all documents for which IRN will be generated. So, Credit note/Debit note will also have to be reported within 7 days of issue. However, as of now there is not such reporting restrictions for assesses with turnover less than 100 crores. 

The last date for linking of PAN and aadhar has been extended to June30,2023. Pan cards will become inoperative if they are not linked to Aadhar cards by June 30,2023.

In exercise of its powers under section 168A  the Govt  extends the time limit for issuance of order u/s 73 of the Act for recovery of tax not paid or short paid or of ITC wrongly availed or utilised. The extended due dates are.