Bimal Jain
Quick Summary
The CBIC vide Notification No. 94/2020-Central Tax dated December 22, 2020,has issued Central Goods and Services Tax Rules (Fourteenth Amendment), 2020, inter alia, notifying Form GST REG-31 for Intimation for suspension and notice for cancellation of registration under Rule 21A of the Central Goods
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FAQ :
Form GST REG-31 is a new form notified by the CBIC for the 'Intimation for suspension and notice for cancellation of registration' under Rule 21A of the Central Goods and Services Tax Rules, 2017.
This form is issued when discrepancies or anomalies are revealed upon comparing a taxpayer's furnished returns, outward supply details, inward supply details, and other available information, which prima facie indicate a contravention of GST provisions.
Upon issuance of Form GST REG-31, the taxpayer's GST registration is suspended with immediate effect, and they are issued a notice for cancellation unless a satisfactory explanation is provided.
Taxpayers are requested to submit a reply to their jurisdictional tax officer within seven working days from the receipt of the notice.
GST registration may be cancelled if the taxpayer fails to furnish a reply within the prescribed period or does not provide a satisfactory explanation for the discrepancies mentioned in the notice.
Yes, the suspension of GST registration can be lifted if the jurisdictional officer is satisfied with the taxpayer's reply and any necessary further verification.
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