The CBIC has issued several notifications on 31/03/2023 pursuant to 49th GST Council Meeting. A summary of the same is as below:
- Notification No. 02/2023 : Late fee for GSTR-4 filed between April 1, 2023, and June 30, 2023, for the quarters from July 2017 to March 2019 or FY 2019-20 to FY 2021-22, will be restricted to Rs. 500 (Rs. 250 under CGST and Rs. 250 under SGST/UTGST). However, no late fee will be charged for nil returns.
- Notification No. 03/2023 : Amnesty for Revocation of Cancelled Registration - A special procedure has been introduced for revocation of cancelled registration. Taxpayers whose GST registration has been cancelled on or before December 31, 2022, and who have failed to apply for revocation within the specified time can now apply for revocation of cancellation until June 30, 2023. To do so, they must file an application after furnishing all the returns due till the effective date of cancellation, along with due tax, interest, penalty, and late fees.
- Notification No. 04/2023 : Rule 8(4A) has been substituted which now provides a clear bifurcation between persons taking GST registration. The updated rule now specifies that some individuals will undergo Aadhaar authentication under Rule 8(4A), while others will undergo biometric-based Aadhaar authentication with photo and verification of original documents under the proviso based on data analysis and risk parameters.
Further, the newly substituted Rule 8(4A) also lays down the deadline for submitting a registration application if Aadhaar authentication is chosen. The deadline is either the date of Aadhaar authentication or 15 days, whichever is earlier in case Aadhaar authentication is not successful.
- Notification No. 06/2023 : A special assessment procedure for non-filers has been introduced. The Assessment Order u/s 62(1) issued on or before 28th February,2023 will be withdrawn if returns are furnished on or before June 30, 2023. The taxpayer must file the return by June 30, 2023, along with payment of interest due under Section 50 and late fees payable under Section 47, whether an appeal has been filed or not.
For FY 2017-18 to 2021-22 : Rs.20,000 (Rs. 10,000 under CGST and Rs. 10,000 under SGST/UTGST) if filed between 1st April 2023 to 30th June 23
FY 2022-23 and onwards :
| Aggregate Turnover |
Late Fee (Per Day) |
Maximum Late Fee (Percentage of Turnover) |
| Up to Rs. 5 crores |
Rs. 50
(Rs. 25 CGST + Rs. 25 SGST/UTGST) |
0.04%
(0.02% CGST + 0.02% SGST/UTGST) |
| Above Rs. 5 crores and upto Rs. 20 crores |
Rs. 100
(Rs. 50 CGST + Rs. 50 SGST/UTGST) |
0.04%
(0.02% CGST + 0.02% SGST/UTGST) |
| Above Rs. 20 crores |
Rs. 200
(Rs. 100 CGST + Rs. 100 SGST/UTGST) |
0.50%
(0.25% CGST + 0.25% SGST/UTGST) |
- Notification No. 08/2023 : If GSTR-10 was not filed within the due date then maximum Late fee for Final Return (GSTR 10) will be Rs.1,000 (Rs. 500 under CGST and Rs. 500 under SGST/UTGST) if filed between 01/04/23 to 30/06/23.
- Notification No. 09/2023 : The time limit u/s 73(10) for issuing orders has been increased further by a period of 3 months for FY 17-18, 18-19 and 19-20, as follows:
FY 2017-18: 31st December, 2023 (from existing 30th September, 2023)
FY 2018-19: 31st March, 2024 (from existing 31st December, 2023)
FY 2019-20: 30th June, 2024 (from existing 31st March, 2024)
