Big Changes in GST from 01-04-2023 onwards

Changes in GST from 01-04-2023 onwards

1. GST registration cancelled on or before 31st December 2022 can now be revoked, by filling an application before 30th June 2023.

2. Date of application for registration under GST will be the date of aadhaar authentication, also there will be biometric verification in certain cases

3. Assessment Order issued u/s 62 utpo 28-02-23 will be withdrawn if valid return filed upto 30-06-2023 alongwith interest and late fee

4. Late fee for filling of Annual return (GSTR 9) for FY 2017-18 to 2021-22 is capped at 20000/- if filed before 30/06/2023

5. Late fee for filling of Final Return GSTR 10 is capped at ₹1000/- if filled before 30/06/23.

6. Late fee for GSTR 4 (Annual Return for Composition dealers) for FY 2017-18 to 2021-22 is capped at 500/-, if filed before 30-06-2023. For Nil Return, Late fee is fully waived off.

7. Extension of time limit for issuance of order u/s 73(9)