CA Monika Motta
Quick Summary
Notification No. 02/2023 - Central Tax Late fees for belated filing of GSTR-4 for the quarters from July 2017 to March 2019 or for the financial years from 2019-20 to 2021-22 have been capped to Rs.500/- Also, shall stand completely waived where the Central Tax payable in the said return is
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FAQ :
Late fees for belated GSTR-4 filings from July 2017 to March 2019 and for financial years 2019-20 to 2021-22 are capped at Rs. 500. If the central tax payable is nil, the late fee is completely waived.
A special procedure allows for the revocation of GST registration cancelled on or before 31st December 2022, with applications to be filed by 30th June 2023. All pending returns must be filed with payment of tax, interest, penalty, and late fees up to the cancellation date.
The CGST (Amendment) Rules, 2023, effective from 26th December 2022, clarify that the application date for registration is the date of Aadhaar authentication or 15 days from submitting Part B of FORM GST REG-01, whichever is earlier. Biometric-based Aadhaar authentication and applicant photography have been amended.
The late fee under section 47 for belated filing of annual returns (GSTR-9) for financial years 2017-2018 to 2021-2022 is capped at Rs. 20,000, provided they are filed between 1st April 2023 and 30th June 2023.
Yes, best judgement assessments passed on or before 28th February 2023 can be withdrawn if the registered person files the pending return by 30th June 2023 and pays the due interest and late fees.
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