Quick Summary
The Central Board of Indirect Taxes and Customs (CBIC), through the Central Goods and Services Tax (Second Amendment) Rules, 2024, has introduced key changes in procedures related to the cancellation and suspension of GST registration. These changes aim to enhance compliance and streamline processes
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FAQ :
The CBIC has introduced new procedures for the cancellation and suspension of GST registration, including amendments to Rule 21 and new forms like GST REG-31 and GST REG-20.
GST registration can now be suspended for regular taxpayers if returns are not filed for six consecutive months, or for composition taxpayers if returns are not filed for two tax periods. Discrepancies between GSTR-1 and GSTR-3B filings can also trigger suspension.
FORM GST REG-31 is a new show cause notice issued to taxpayers who fail to comply with certain provisions, such as not submitting bank account details within 30 days of registration.
FORM GST REG-20 is issued by GST authorities when they decide to close the proceedings initiated for the cancellation of a taxpayer's registration, usually after satisfactory rectification of issues.
Yes, the new rules affect existing taxpayers by clarifying grounds for suspension, such as non-filing of returns and discrepancies in filed returns, and introducing new notification forms.
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