Recent Changes Related GST Returns and Revocation of Cancellation

1. GST AMNESTY SCHEME EXTENSION

In the 43^rd GST Council Meeting, Amnesty Scheme was introduced to provide relief to taxpayers regarding late fees for pending Returns.

• The Last Date to avail of this benefit has been extended from 31^st August 2021 to 30^th November 2021. ( Vide Notification No.33/2021 dated 29^th August 2021).

2. REVOCATION OF CANCELLATION OF GST REGISTRATION

• If time limit for application for revocation of cancellation of GST registration falls between 01.03.2020to 31.08.2021, the time limit for making such application has been extended to 30^th September 2021. ( Vide Notification No.34/2021 dated 29^th August 2021).

• This is applicable for registrations cancelled by the proper officer for non-filing of returns for 3 consecutive tax periods in case of composition tax payers and for continuous period of 6 months in case of other tax payers ( Section 29(2), Clauses b and c ).

3. IMPLEMENTATION OF RULE 59(6)

This rule was introduced on 1^st Jan 2021 vide notification No.1 /2021 and this has been implemented in GST network w.e.f 1^st Sept 2021. The rule is summarized below.

a) For Monthly Filers– GSTR 3B for the previous 2-Month Tax Period is not filed.

OR
b) For Quarterly Filers – GSTR 3B for the previous Quarter is not filed.

The portal will restrict the filing of GSTR 1/IFF till the time the GSTR 3B returns are filed

So in case, it is found that the GSTR-3B return has not been filed in time the system will restrict further processes relating to filing of GSTR-1/IFF and will not allow proceeding till the conditions of  Rule-59(6) are complied with. The facility to file would get restored on successful filing of GSTR 3B and no separate approval would be required.

We are a well-established GST Consultant in Kochi, with experience in accounting and taxation, and we can help you with the proper GST assistance.
Contact us at vbvassoc@gmail.com or call us at +91 980 901 2123 for further assistance.