Key Points
Measures have been introduced to provide relief for taxpayers who were previously only qualified for a 30-day application period to restore their registrations following cancellation orders..
iStockThe finance ministry has capped the late fee at Rs 1,000 for the registered persons who fail to furnish the final return in Form GSTR-10 by the due date, provided they furnish the said returns by June 30, 2023...
The government has allowed businesses, whose GST registrations were cancelled for non-filing of returns, to apply for revocation of the cancellation by June 30, after paying due taxes, interest and penalty..
However, the application for revocation shall be filed only after furnishing the returns due up to the effective date of cancellation of registration and after payment of any amount due as tax, in terms of such returns, along with any amount payable towards interest, penalty and late fees...
The GST council, comprising finance ministers of centre and states, had in its previous meeting in February, recommended that for such GST taxpayers whose registration has been cancelled for non-filing of returns be given amnesty by allowing such persons to file application for revocation within a specified date...
You might be interested in
Businesses can revoke cancelled GST registration by June 30
02, Apr, 23Businesses whose GST registrations were cancelled for non-filing of returns before December 31 can apply for revocation by June 30 by paying due taxes, interest and penalty. The time limit for making an application for revocation of cancellation of registration has been increased from 30 to 90 days. If taxpayers file the pending GST returns GSTR-10 and GSTR-3B, assessment proceedings initiated by the tax authorities under the GST Act will be deemed to have been withdrawn.
Businesses can apply for revocation of GST registration cancellation by June 30 after paying taxes, penalty
02, Apr, 23The government has allowed businesses, whose GST registrations were cancelled for non-filing of returns, to apply for revocation of the cancellation by June 30, after paying due taxes, interest and penalty.
At 1.1 crore, number of GST return filers up 65% in 5 years
18, Dec, 23India Business News: The number of GST return filers rose about 65% to 1.1 crore in 5 years till April 2023 as compliance by taxpayers improved, the finance ministry sai
GST: E- invoicing mandatory for businesses with aggregate turnover of Rs 5 crore from August 1
28, Jul, 23Move aimed at boosting collections and improving compliance under the GST, which has been a focus area for the tax authorities
ITR filing 2024-25: What is the best time for maximum benefits?
19, May, 24The tax department received about 6 lakh returns in the first month of AY 2024-25. Almost two-thirds of these returns have already been processed.3.5
TS ECET 2023 registration begins at ecet.tsche.ac.in, know how to apply
02, Mar, 23TS ECET 2023 registration process started on March 2 at ecet.tsche.ac.in | Competitive Exams