Latest GST News Updates, Notification, and Announcements

The Goods and Services Tax (GST) system in India continues to evolve, with new updates and changes introduced to streamline taxation, boost compliance, and enhance the overall efficiency of the tax structure.

Latest GST Updates

1. 2023 Latest GST News Updates

31st March 2023

CGST Notifications 02/2023 to 08/2023, released on March 31, 2023, put the following GST Council recommendations into effect:

(1) Late filers of GSTR-4, GSTR-9, and GSTR-10, defaulters subject to Section 62 of the CGST Act (Best Judgement assessment), and applicants for cancellation of revoked GST registration in REG-21 are provided amnesty schemes that are effective through June 30, 2023.

(2) As of December 26, 2022, Gujarat will use risk-based biometric aadhaar authentication, as announced by CGST notification 05/2023. 

(3) The limitation period under Section 168A is increased for earlier years in order to issue orders under Section 79 (recovery proceedings).

• For FY 2017-18 – up to 31st December 2023
• For FY 2018-19 – up to 31st March 2024
• For FY 2019-20 – up to 30th June 2024 

1st February 2023

Updates to the 2023 Budget

The decriminalisation of infractions and the expansion of the composition scheme to online retailers are two of the Budget 2023’s standout features.

12th January 2023

An automated drop procedure function is available on the GST portal to revoke cancelled GSTINs in cases when taxpayers file unfiled GST returns.

4th January 2023

The Additional Assistant Directors of DGGI, DGGST, and DG Audit have been given additional authority previously held by a Superintendent of Central Tax under CGST Notification 01/2023, which was published on January 4th, 2023.

2. 2022 GST News Updates

1st December 2022

The 48th GST Council meeting will be held on Saturday, December 17, 2022, with a lengthy agenda.

10th November 2022

1. To make it apparent that changes relating to refunds will go into effect right away, Circular 181 was published.

2. The publication of Circular 182, which describes the verification procedure for validating claims for the transitional credit made by taxpayers between October 1 and November 30, 2022.

28th September 2022

1. Notification of changes to the ITC criteria in Finance Act 2022.

2. The deadline for submitting ITC claims and amending sales/credit-debit notes for a fiscal year has been extended to the 30th of November of the year after the fiscal year.

1st September 2022

The most recent changes to Table 4 governing reporting of ineligible input tax credit are now available online on the GST portal or government portal.

1st August 2022

(a) As of October 1, 2022, businesses with an AATO of more than 10 crore would be entitled to use the e-invoicing system, under Central Tax Notification No. 17/2022.

(b) Six-digit HSN codes are now required in Table 12 of GSTR-1 for companies with annual revenue over ₹ 5 crore.

5th July 2022

Six latest CGST notifications were sent by the CBIC. Important ones include the following:       

(a) To report e-commerce sales and the taxes associated with them for both e-commerce operators and e-commerce sellers, a new table 3.1.1 in the GSTR-3B format was added. Tables 3.2 and 4 have undergone a few more modifications. The government portal has live versions of all revisions except table 4. Look at the GSTR-3B’s new format.       

(b) Section 110 of the Finance Act of 2022 was announced. Therefore, a taxpayer may only transfer CGST or IGST from one GSTIN to another as a separate person by using form PMT-09.       

(c) A waiver of the late filing fee pushes out the GSTR-4 deadline for the fiscal year 2021–2022 to July 28th, 2022. Additionally, the CMP-08 deadline has been extended through July 31, 2022.      

29th June 2022

The 47th GST Council meeting took place in Chandigarh on June 28 and 29, 2022. The meeting’s chair, Union FM Nirmala Sitharaman, presented important suggestions for changing prices for goods and services. Additionally, the GST exemption list was condensed, and the public is now invited to offer comments for changes to the GSTR-3B format.

26th May 2022

According to CGST Notification No. 7/2022, issued May 26, 2022, if GSTR-4 for FY 2021–2022 is filed between May 1 and June 30, 2022, the late fee has been removed.

24th February 2022

1. As of April 1, 2022, enterprises having an annual aggregate turnover of between 20 crore and 50 crore will be permitted to use the e-Invoicing system, according to notification no. 1/2022.

2. Individuals who are composition taxable and those who are interested in opting into the programme for the fiscal year 2022–2023 must submit a declaration in Form CMP–02 on the GST website by March 31st, 2022.

1st February 2022

The GST law underwent significant revisions following the Union Budget 2022. Highlights of the Budget for 2022.

3. 2021 GST News Updates

29th December 2021

(1) On December 31, 2021, the 46th GST Council meeting took place in New Delhi. The GST rate increase for textiles will be delayed till 12%, according to a meeting chaired by Union FM Nirmala Sitharaman.

(2) The 5% excess ITC over the ITC shown in GSTR-2B is removed from CGST Rule 36(4). Businesses can only receive ITC starting in January 2022 if their suppliers declare it in GSTR-1 and IFF and it shows up in their GSTR-2B.

(3) The GSTR-9 and self-certified GSTR-9C due dates for the fiscal years 2020–21 have been extended till February 28, 2022.

(4) According to Central Tax Notification No. 40/2021, the addition of new form DRC-22A necessitates further modifications to the rules regulating seizures and detentions, the accompanying fines, and various forms, including DRC-10, DRC-22, DRC-23, and APL-01.

21st December 2021

The following modifications will take place as of January 1, 2022:

(1) ITC claims will only be accepted if they appear in GSTR-2B in accordance with Section 16(2)(aa). As a result, taxpayers must ensure that every ITC amount claimed is recorded in GSTR-2B and are no longer entitled to claim the 5% provisional ITC under CGST Rule 36(4).

(2) The officer may send notices under Section 74 to numerous individuals in the case of fraudulently submitted excess ITC claims or unpaid taxes. The law has been changed so that the officer may collect and seize property or vehicles even after all cases against those responsible for paying specific or general penalties have been resolved.

(3) If GSTR-3B for the prior period was not filed, the taxpayers are unable to file GSTR-1.

(4) In accordance with Section 75(12), the GST officers may begin recovery actions against taxpayers who underreport sales in GSTR-3B compared to GSTR-1 without giving them a show-cause notice.

(5) Under Section 9(5), tax will be due on all services provided to food delivery services or cloud kitchens through e-commerce aggregators. Restaurants with lodging that costs more per unit per day than ₹ 7,500 are excluded from the scope.

(6)This amendment expands the scope of passenger transport motor vehicles to include services performed by omnibus and any other motor vehicle, in addition to radio taxi or cab under Section 9(5).

(7)The taxpayer must now authenticate the following services with their Aadhaar in order to continue receiving them: In accordance with CGST Rules 89 (Excess tax, interest, penalty, and fees paid) and 96 (IGST paid on goods or services exported out of India), and in accordance with CGST Rule 23, RFD-01 and REG-21, respectively, applicants may request refunds.

24th September 2021

With effect from the first of October 2021, the Central Tax Notification Number 35/2021, dated 24th September 2021, modified the frequency of filing the ITC-04 form as follows:

(1) Those whose AATO exceeds Rs. 5 crore: Half-yearly payments from April through September are due on October 25; from October through March, payments are due on April 25.

(2) Annually due on April 25th starting with FY 2021–22 for those with AATO up to ₹ 5 crore.

1st September 2021

The 45th meeting of the GST Council will take place on September 17, 2021. The extension of tax breaks on COVID-19 necessities, discussion of the GST compensation to the states, correction of the inverted tax structure, and other items are on the agenda.

29th August 2021

• The deadline to use the GST Amnesty Scheme has been extended to 30 November 2021. Through CGST notification number 33/2021, dated August 29, 2021, it continues to submit GSTR-3B applications from July 2017 through April 2021.

• If the final date for the cancelled GST registration is between March 1, 2020, and August 31, 2021, the taxpayer may be granted an extension of time until September 30, 2021, to revoke the registration. CGST notification number 34/2021, dated August 29, 2021, will be used to terminate the GST registration in accordance with Section 29(2)(b) or (c) of the CGST Act.

• By using EVC or DSC, company taxpayers may continue to submit GSTR-1 and GSTR-3B through the CGST notification number 32/2021, dated August 29, 2021.

26th August 2021

As of September 1, 2021, a taxpayer who has unfinished GSTR-3B filings will not be permitted to submit GSTR-1 forms or use the IFF for August 2021 on the GST system. If GSTR-3B has been pending for the most recent quarter ending on June 30, 2021 (quarterly filer) or for the prior two months through July 2021, as per CGST Rule 59(6), it applies. (quarterly filer).

30th July 2021

• A GST registered person is excluded from filing Form GSTR-9 (annual return) for the fiscal year 2020–2021 if their total revenue for the fiscal year is less than or equal to ₹ 2 crore.

• In order for the taxpayer to submit the reconciliation statement without waiting for an audit and certification by a CA/CMA, section 35(5) is removed, and section 44 is altered.

• Taxpayers with a combined annual revenue of up to ₹ 5 crore are exempt from submitting self-certified GSTR-9C forms. The format of Form GSTR-9C will also see changes starting in FY 2020–21.

30th June 2021

Any late fees that would have been assessed for failure to comply with the dynamic QR code requirement between 1 December 2020 and 30 September 2021 are waived.

1st June 2021

The CBIC notices are summarised as follows:

• It has been announced that the Finance Act 2021’s change to Section 50 would take effect retroactively on July 1st, 2017. After deducting the amount of qualifying ITC from the total liability, interest shall now be calculated on the net tax liability. It should be noted that the electronic cash ledger must be debited for the interest.

• For the taxpayers who were unable to submit their GST returns by the deadlines in March, April, and May 2021, interest and late fee relief has been made available. 

• The GSTR-1 filing deadline for May 2021 has been moved up from June 11 to June 26.

• The deadline for composition taxpayers to submit their annual return in GSTR-4 for the fiscal years 2020–21 has been extended until July 31st, 2021.

• ITC-04 submission deadlines for January through March of 2021 have been extended till June 30, 2021.

• While submitting GSTR-3B in June 2021, CGST Rule 36(4) will be cumulatively applicable for April, May, and June 2021.

• The deadline to submit B2B supplies for May 2021 under the IFF (optional facility for taxpayers choosing the QRMP plan) has been extended from June 13 to June 28.

• Except for a few exceptions, the deadline for finishing any GST compliance that comes between 15 April 2021 and 29 June 2021 has been extended to 30 June 2021.

• The rationalisation of late costs for late filing of the GSTR-3B return has led to the introduction of a new GST amnesty programme. It offers a limited relief of late costs for GSTR-3B returns filed after July 2017 but before April 2021. 

• From June 2021 onward, GSTR-1 and GSTR-3B returns will be subject to a reduced late fee. The most that can be levied as a late fee for GSTR-4 is limited to ₹ 500 per return for nil filing and ₹ 2,000 for filing other than nil.

• The GSTR-7 or TDS filing under GST has a maximum late fee of 2,000. The daily penalty for being late has been reduced from 200 to 50 each day of delay per return.

• Fresh exemptions from the requirement to submit e-invoices have been added to CGST notification number 13/2020. Now, local authorities and government departments are exempt from the e-invoicing system.

28th May 2021

The 43rd GST Council meeting was held via video conference on May 28, 2021 (Friday) at 11 a.m. Union FM Nirmala Sitharaman served as the meeting’s chair. All taxpayers’ late fees were rationalised, with a focus on small taxpayers, and the Council authorised the reinstatement of the GST amnesty programme. Additionally, until August 31, 2021, the import of COVID treatment equipment and relief supplies is free from the IGST.

As on 21st may 2021

On May 28, 2021 (a Friday), at 11 a.m., the 43rd GST Council meeting will be held online. The chairman is Union FM Nirmala Sitharaman.

Budget 2021: Updates as on 1st February 2021

• As a result of the Section 16 modification, taxpayers may now submit claims for input tax credits based on GSTR-2A and 2B. ITC on bills and debit notes can no longer be claimed unless the supplier has included information about them in the statement of outward supplies and has given that information to the person who will be paying the bill or debit note.
• With effect from July 1, 2017, Section 50 of the CGST Act will be changed to allow for the retroactive application of interest to net cash liabilities.
• For orders received on the detention and seizure of goods and conveyance, 25% of the penalty must be paid in order to launch an appeal under section 107 of the CGST Act. The deadline for applications has not yet been made public.
• The GST law no longer mandates that some experts, such CAs and CMAs, conduct GST audits. In this regard, Sections 35 and 44 have been changed. The modification eliminates the need for GSTR-9C, or the reconciliation statement, and instead just requires taxpayers to submit GSTR-9 annual reports on a self-certification basis via the GST portal. The government has not yet made clear the fiscal year or the date of applicability.
• Section 7 of the CGST Act’s definition of supply now includes a new clause. The provision of goods or services for cash, a deferred payment schedule, or other valuable consideration by a person other than an individual to their members or constituents, or vice versa, constitutes supply and is taxed. Schedule II would have previously only considered this supply to be a decent supply. Therefore, the levy’s scope has been expanded.
• Now, the seizure and confiscation of items and moving vehicles is treated as a separate proceeding from the collection of tax under Section 74.
• The self-assessed tax indicated in Section 75 of the CGST Act also applies to the outside supply and sales that were reported in the GSTR-1 under Section 37 of the CGST Act but were left out of the GSTR-3B under Section 39.
• The provisional attachment will be in effect from the beginning of any proceeding until one year has passed since the date the order under which it was made.
• Sections 129 and 130 are unrelated to one another. Therefore, the holding, seizing, and releasing of goods and vehicles while they are in motion must be handled separately from the levying of fines for the seizure of goods and vehicles.
• Now, anyone can be asked for information by the Jurisdictional Commissioner on any topic related to the Act that is covered by Sections 151 and 168 combined. A chance to be heard before using information received under Sections 150 or 151 of the Act is also provided by Section 152’s amendment.
• Additionally, the definition of a zero-rated supply under Section 16 of the IGST Act was changed. There were three changes: (1) To specify that only allowed operations will result in zero-rating of supplies to SEZ units or developers. (2) Only notified individuals or suppliers of goods or services are eligible for the zero-rated status when the IGST is paid. (3) In the event that products are exported, the remittance of foreign currency will be linked to the reimbursement.

4. 2020 GST News Updates

Update as on 30th December 2020

GSTR-9 and GSTR-9C due dates for the fiscal year 2019–20 have been extended till February 28, 2021.

Update as on 22nd December 2020

(1) In accordance with CGST Rule 21A, the tax officer may decide to cancel or suspend a GST registration in the following situations:

• There are significant differences between the GSTR-3B and the GSTR-1 and GSTR-2B.
• Utilising ITC from an electronic credit ledger, with few exclusions, to discharge more than 99% of a taxpayer’s tax obligation when the total taxable value of their supplies for the month exceeds ₹ 50 lakh.
• A taxpayer failed to file GSTR-1 because GSTR-3B had not been filed for more than two months in a row. (one quarter for those who opt into the QRMP scheme).

(2) The modifications to Rule 36(4) effective January 1, 2021 are as follows:

• The ITC will be made accessible in accordance with the invoices that the relevant suppliers upload to their GSTR-1 or through the use of the Invoice Furnishing Facility. (IFF).
• A taxpayer failed to file GSTR-1 because GSTR-3B had not been filed for more than two months in a row. (one quarter for those who opt into the QRMP scheme).
• Certain taxpayers are prohibited from deducting from their electronic credit ledger more than 99% of their whole tax liability for the tax period.
• Taxpayers whose monthly taxable supply value exceeds 50 lakh are subject to it. (not being exempt or zero-rated supplies). The following taxpayers are not subject to this limitation:
  • A registered taxpayer who filed belated IT filings for himself, his owner, any two partners, managing director, trustee, board, etc. that totaled more than ₹ 1 lakh in income tax in the previous two fiscal years.
  • A GST-registered taxpayer who got more than 1 lakh as a refund of unused input tax credits as a result of zero-rated deliveries without payment of tax or an inverted tax structure.
  • A registered taxpayer paid more than 1% of his GST liability for every tax period so far in the current fiscal year using only his electronic cash ledger.
  • Government agencies, public utilities, municipal governments, statutory bodies, etc.

(3) The notified adjustments for e-way bills are as follows:

• As of the first of January 2021, the validity of e-way bills for scenarios other than over-dimensional cargo is now based on a distance of 200 km and not 100 km.
• E-way bills would be blocked under Rule 138E if GSTR-3B is not provided for two consecutive tax periods or if the GSTIN is suspended in accordance with CGST Rule 21A.

Update as on 29th November 2020

The CBIC published a notification in an effort to waive the fine for failing to follow the rules for dynamic QR codes for B2C invoicing between January 1 and March 31, 2021, on the condition that the eligible registered person complies with the rules starting on April 1, 2021.

Update as on 10th November 2020

E-invoicing must be used starting on January 1, 2021, by taxpayers with a combined annual revenue of more than ₹ 100 crore.

For taxpayers with AATO of up to 5 crore in the fiscal year, the new Quarterly Return Monthly Payment (QRMP) scheme, which will go into effect on January 1, 2021, has been announced. This plan mandates that these taxpayers file GSTR-3B quarterly. Users will have the choice between submitting sales invoices monthly or more frequently for those who file GSTR-1 quarterly thanks to the new Invoice Furnishing Facility (IFF).

For the months of October 2020 to March 2021, GSTR-1 is due on the following dates:

Filers of quarterly returns:

(1) October 2020 to December 2020: 13th January 2020

(2) January 2020 to March 2021: 13th April 2021

Monthly return filers: 11th of next month

For the months of October 2020 through March 2021, the following dates have been set as the deadlines for submitting GSTR-3B and paying GST: 20th (if the AATO exceeds ₹ 5 crore), 22nd, or 24th of the next month. (For the rest, depending upon the State of principle place of business).

Update as 28th October 2020

The fiscal year (FY) 2018–19’s GSTR-9 and GSTR-9C submission date has been extended to December 31, 2020.

Update as on 15th October 2020

According to a CBIC notification, small taxpayers (those with a revenue of up to ₹ 2 crore) will no longer be required to file GSTR-9 returns for FY 2019–20.

Update as on 1st October 2020

A grace period of 30 days has been provided to the applicable taxpayers for creating an invoice reference number. (IRN). However, this grace period is only applicable to bills generated between October 1 and October 31, 2020.

Update as on 30th September 2020

The deadline for submitting GSTR-9 and GSTR-9C for the fiscal year (FY) 2018–19 has been extended to October 31, 2020.

Now, the total revenue from FY 2017–18 through FY 2019–20 should be examined to determine whether e-invoicing is applicable. Additionally, the dynamic QR Code for B2C invoicing implementation date has been postponed to the first day of December 2020.

Update as on 21st September 2020

(1) The late fee for filing outstanding Form GSTR-4 has been decreased. (Quarterly Return). If the tax liability is ‘NIL,’ the taxpayer is not required to pay the late charge. The late cost has been limited to ₹ 500 for all other circumstances.

(2) Taxpayers who had not submitted GSTR-10, or their final return, may now do so with a reduced late cost of ₹ 500. However, the GSTR-10 must be submitted by December 31, 2020, if not earlier.

However, the pending GSTR-4 (quarterly) linked to the fiscal years 2017–18 and 2018–19 must be submitted by October 31, 2020, at the latest.

Update as on 31st August 2020

The period from 31 August 2020 to 31 October 2020 is when Form GSTR-4 must be submitted for the fiscal year 2019–20.

25th August 2020

The amount remaining after subtracting the applicable ITC will be subject to interest calculations beginning on September 1, 2020, according to CBIC notification.

20th August 2020

The 41st GST Council meeting will be held via VC on August 27, 2020, with the main agenda item being how to make up for the states’ lost GST revenue.

20th August 2020

Aadhaar authentication is an alternative for acquiring GST registration. The following changes to the rules take effect on August 21, 2020:

• If aadhaar authentication is selected, the application form must be sent with it filled out. The application date is fifteen days after submitting the application in Part B of Form GST REG-01, whichever comes first: the date of aadhaar authentication or the application date.
• The remaining candidates will have their company locations physically checked, along with any necessary document checks, with their consent.
• There are also examples of presumed approvals listed.

6th August 2020

1. Tax payers now have access to a new feature on the GST site that allows them to view invoice-specific information on input tax credits that has been automatically filled out in Table 8A of the GSTR-9 yearly return. The same information can be retrieved by selecting the ‘Download Table 8A Document Details’ button that appears at the top of the GSTR-9 return form, underneath the instructions.

2. Composition Scheme taxpayers may obtain the offline tool (Excel application) for submitting Form GSTR-4 from the GST portal.

3. If their initial application was denied, taxpayers are now able to submit another application for the revocation or cancellation of registration.

30th July 2020

1. CBIC has announced a new, improved format for e-invoices that adds 20 new fields and removes 13 fields. Character limits have also been altered for some fields.

2. Rather than a threshold of ₹ 100 crore, the e-Invoicing system will be applicable to taxpayers with yearly turnover above ₹ 500 crore.

3. Units located in Special Economic Zones (SEZ) shall likewise not be required to issue electronic invoices.

21st July 2020

The GSTR-4 (Annual Return) filing option is now available on the GST portal.

13th July 2020

The deadline to submit GSTR-4 (Annual Return) has been moved from July 15 to August 31.

1st July 2020

Taxpayers can now file a Nil GSTR-1 via SMS.

30th June 2020

For GSTR-3B between February and July 2020, the conditional late fee waiver and interest reduction have been extended through September 30th, 2020. The GSTR-1 deadlines have also been extended by waiving late fees. Read our post on the GST calendar 2020–21 for more information on the most recent deadlines.

12th June 2020

Significant announcements for MSMEs were made during the 40th GST Council meeting’s conclusion:

• GSTR-3B late fee remission for taxpayers with a Nil liability for the prior period of July 2017 to January 2020. For the remaining returns, which must be filed between July 1 and September 30, 2020, a late fee cap of ₹ 500 has been established.
• For taxpayers having a combined annual turnover of up to ₹ 5 crore, interest relief and late fees are waived. Taxes due in February, March, and April 2020: If the return is filed after July 6, 2020, but before September 30, 2020, interest will be charged at a lower rate of 9% per year rather than 18% per year. May, June, and July 2020 tax payments: If submitted before the spaced-out deadlines of September 2020, the late fee and interest charge will be waived. (due dates yet to be announced).
• For any registrations cancelled up until June 12, 2020, there is a 30-day window in which to request the cancellation of such registrations.
• A special one-agenda council meeting will be held in July 2020 to talk about the GST Compensation and its finance.
• The subject of rate rationalisation will be discussed in the following GST Council meeting.

10th June 2020

• By CBIC, the GST on Director’s compensation was made clear. 
• The reimbursement of accrued ITC is also applicable on imports, ISD invoices, and inward supplies subject to reverse charge mechanisms that are not included in the recipient’s GSTR-2A, according to CBIC.

9th June 2020

• All e-way bills that were created on or before March 24, 2020, and whose validity is ending on or after March 20, 2020, have had their validity extended until June 30, 2020.
• A notice from the authority may have rejected all or a portion of the money requested as a refund. A final order must be granted within 60 days of the day the reimbursement application was received once the necessary actions have been completed.The last day to make an order will be extended to the later of the following dates if this deadline is between 20 March and 29 June 2020: 15 days from the date on which the applicant responds to the notice, or 30 June 2020.
• As opposed to the stated deadline of May 31, 2020, the combined UT of Daman and Diu and Dadra and Nagar Haveli may use a unique method through July 31, 2020.

8th June 2020

In order to file a nil GSTR-3B, taxpayers can now send an SMS from a registered cellphone number to an allowed signatory for a specific GSTIN. 

4th June 2020

The 40th GST Council meeting will probably be held by video conference on Friday, June 12, 2020. There will be debate on topics such the forgiveness of the late filing fee for GSTR-3Bs that are still waiting from August 2017 to January 2020 and other methods of boosting GST revenue besides rate changes.

5th May 2020

• Until September 30, 2020, annual returns (GSTR-9) and reconciliation statements (GSTR-9C) for the fiscal year 2018–19 may be filed.
• Extension for filing GSTR-3B in the UT of Jammu & Kashmir and UT of Ladakh. Companies may file GSTR-3B utilising the EVC option up until June 30, 2020. Nil GSTR-3B will be permitted to be filed by an SMS (date of application yet to be specified).

28th April 2020

The PMT-09 filing option and the CGST rules controlling it will be available as of April 21, 2020.

3rd April 2020

• The GSTR-3B due date for the month of May 2020 has been moved from June 20, June 22, and June 24, 2020 to June 27, July 12, and July 14, 2020, respectively.
• The deadline for adjudication and action under the GST law for any authority or taxpayer that falls between 20 March 2020 and 29 June 2020 will be extended until 30 June 2020.
• All e-way invoices with expiration dates between March 20, 2020, and April 15, 2020, have their validity extended through April 30, 2020.
• Due to the COVID-19-induced lockdown, certain tax period due dates for the CMP-08, CMP-02, GSTR-4, ITC-04, GSTR-5, GSTR-5A, GSTR-6, GSTR-7, and GSTR-8 have been prolonged. For certain months, the GSTR-3B late filing penalty has been waived. If the file is submitted more than 15 days beyond the initial due dates but between certain dates in June-July 2020, interest costs are reduced to 9% per year for taxpayers with an annual aggregate turnover of more than ₹ 5 crore in the previous financial year. Interest won’t be charged to the remaining taxpayers. 
• From February 2020 to August 2020, taxpayers may claim input tax credits in their GSTR-3B returns without complying with the GSTR-2A provisional ITC claim cap of 10% of the applicable ITC. This is according to a notice from the CBIC.The taxpayers must cumulatively modify ITC in accordance with the aforementioned rule starting in February 2020 when submitting the GSTR-3B for September 2020.

24th March 2020

As of March 24, 2020, Union FM Smt. Nirmala Sitharaman has announced the following reliefs for businesses to help them deal with the challenging circumstances brought on by COVID-19:

• The final week of June 2020 has been added to the GSTR-1 and GSTR-3B due dates for the months of February, March, and April 2020.
• Taxpayers who file their GST returns late are exempt from interest, late fees, and penalties if their yearly revenue is less than ₹ 5 crore.
• If the GST payment is submitted more than 15 days beyond the original due date, the remaining taxpayers will be charged interest at a rate of 9%.
• The deadline for CMP-02 has been moved to June 30, 2020. The deadline for filing CMP-08 and GSTR-4 has also been extended till June 30, 2020.
• The deadline for all GST compliance that falls between 20 March 2020 and 29 June 2020 is extended to 30 June 2020.
• The Sabka Vishwas Scheme’s last day to apply has been extended to June 30, 2020.

23rd March 2020

Several significant alerts are sent:

• For the companies during the CIRP period, a special GST compliance method was announced.
• Aadhaar authentication becomes crucial for some people when they register for GST.
• For taxpayers who were unable to take advantage of the special composition scheme under notification No. 2/2019-Central Tax (Rate), FORM GSTR-1 is waived for FY 2019–20. 
• For the months of April 2020 through September 2020, GSTR-1 and GSTR-3B have been notified.

14th March 2020

The 39th GST Council Meeting took place on March 14, 2020, a Saturday. It was announced that the new GST returns and e-Invoicing would be implemented over a longer period of time.

7th February 2020

For taxpayers who were unable to file earlier owing to technological difficulties, the deadline to submit TRAN-01 for carrying over the transitional credit has been extended to March 31, 2020.

3rd February 2020

• Only those with a yearly revenue of up to ₹ 5 crore are now required to file returns in GSTR-3B on a staggered basis for the return periods of January 2020, February 2020, and March 2020. These are as follows:

• Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, or Andhra Pradesh, as well as the Union territories of Daman and Diu, Dadra and Nagar Haveli, Puducherry, the Andaman and Nicobar Islands, and Lakshadweep, are all due on the 22nd of the next month.

• Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, or Odisha, as well as the Union territories of Jammu and Kashmir, Ladakh, Chandigarh, and Delhi are all due on the 24th of the next month.

• For the remaining taxpayers, the deadline stays the same.

3rd February 2020

• The submission deadline for the GSTR-9/GSTR-9C annual return and reconciliation statement for the fiscal year (FY) 2017–18 has been extended once again. Based on the state or union territory in which the taxpayer is registered, the filing is now staggered to take place on February 5 and February 7, 2020, as follows:

• Chandigarh, Delhi, Gujarat, Haryana, Jammu and Kashmir, Ladakh, Punjab, Rajasthan, Tamil Nadu, and Uttarakhand will be the following on February 5, 2020.

• 7th February 2020: Andaman and Nicobar Islands, Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Chhattisgarh, Dadra and Nagar Haveli and Daman and Diu, Goa, Himachal Pradesh,Jharkhand, Karnataka, Kerala, Lakshadweep, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Nagaland, Odisha, Puducherry, Sikkim, Telangana, Tripura, West Bengal, Uttar Pradesh and Other Territory.

10th January 2020

The one-time amnesty period, which covered all Form GSTR-1 filings between July 2017 and November 2019, has been extended through January 17, 2020.

5. 2019 GST News Updates

26th December 2019

The submission deadline for the GSTR-9/GSTR-9C annual report and reconciliation statement for the fiscal year (FY) 2017–18 has been extended until January 31, 2020.

18th December 2019

The 38th GST Council meeting took place on Wednesday, December 18, 2019. The highlights were as follows:

• GSTR-9 and GSTR-9C due dates for FY 2017–18 have been extended until 31 January 2020.
• Provisional ITC claim in GSTR-3B is now limited to 10% rather than the previous 20%
• An amnesty scheme will waive late filing fees for GSTR-1 forms for the return periods of July 17 and November 19 by January 10, 2020.
• Defining the Standard Operating Procedure (SOP) in the event that GSTR-3B is not filed
• Due dates for certain categories of taxpayers in the northeastern states’ GST filings have been extended
• Levied at a uniform rate of 28% for all lotteries

10th December 2019

The 38th GST Council meeting will occur on December 18, 2019. Major rate adjustments, a review of instances of inverted tax structures, and simplification of the incoming new GST return system are all on the agenda.

14th November 2019

The deadlines for GSTR-9 and GSTR-9C for the fiscal years 2017–18 and 2018–19 have been moved up to 31 December 2019 and 31 March 2020, respectively.

20th September 2019

The following significant announcements were made during the 37th GST Council meeting in Goa:

• From April 2020, a new mechanism for submitting returns
• ITC claim will soon be limited unless GSTR-1 has been filed.
• GSTR-9 filing is optional for enterprises with revenues up to ₹ 2 crores for the fiscal years 2017–18 and 2018–19.
• GSTR-9A is exempt for the fiscal years 2017–18 and 2018–19.
• A Committee of Officers will examine GSTR-9 and GSTR-9C’s simplification.
• Beginning on September 24, 2019, an integrated refund system with a single authority disbursing refunds will be implemented.
• Aadhar is required for taxpayer registration under the GST and may become so for refund claims.
• Generally speaking, a decision to impose appropriate limitations on the receipt of ITCs by risky taxpayers, particularly risky new taxpayers, has been made. (likely be system driven based on their activity)

31st August 2019

For taxpayers with a major place of business in J&K and specific areas of Bihar, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, and Uttarakhand, the GSTR-7 due date for the month of July 2019 has been extended until September 20th, 2019.

Form ITC-04 submission is not required for the quarters beginning in July 2017 and ending in March 2019. However, those challans goods that were sent to a job worker between July 2017 and March 2019, but were either not received from the job worker or were not supplied from the job worker’s place of business as of March 31, 2019, would have already been included in ITC-04 serial number 4 for the quarter April–June 2019.

For taxpayers with a principal place of business in certain areas of the flood-affected States of Bihar, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, and Uttarakhand, as well as in all districts of J&K, the late filing penalties for the GSTR-1 (filed monthly) and GSTR-6 for July 2019 have been waived.

26th August 2019

GSTR-9, GSTR-9C, and GSTR-9A due dates for FY 2017–18 are now extended to November 30, 2019.

21st August 2019

For taxpayers with a principal place of business in Jammu & Kashmir and specific areas of Bihar, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, and Uttarakhand, the GSTR-3B due date for the month of July 2019 has been extended until September 20th, 2019.

16th August 2019

According to sources, the 37th GST Council meeting will take place on September 20. (Friday). An official confirmation is still pending, though.

27th July 2019

GST Council had its 36th meet via video conference on Saturday (27th July 2019).

25th July 2019

The 36th GST Council meeting, which was originally set for July 25, 2019, has been rescheduled. Soon to be released date.

18th July 2019

The deadline for submitting CMP-08 has been moved up from July 18 to July 31 for the months of April 2019 to June 2019.

28th June 2019

• Important CBIC announcements have been made:For the months of July 2019 to September 2019, the due dates for GSTR-1(Monthly & Quarterly) and GSTR-3B have been announced. According to Notification 2/2019 CT Rate from the 7th March 2019, the ITC-04 filing deadline has been extended for the months of July 2017 to June 2019, and service providers that wish to choose the composition scheme now have additional time to do so.

• Any tax, interest, penalty, fee, or other sum that is accessible in the electronic cash ledger under the Act may be transferred by a registered person using Form GST PMT-09 to the electronic cash ledger for integrated tax, central tax, State tax, or Union territory tax or cess.

• At a later time that will be announced, the Quick Response (QR) code may become required in the Tax Invoice and Bill of Supply.

• When the Kerala Flood Cess is applicable, the value of supply must be calculated.

• By completing FORM GST RFD- 10B on a monthly or quarterly basis, tax refunds to retail establishments located in the departure area of an international airport beyond immigration counters that provided tax-free services to departing international tourists are made.

• Online information database access and retrieval service providers (also known as ‘OIDAR services’) are excluded from having to provide annual returns and reconciliation statements.

• The new GSTR-4 format, which must be submitted annually, has been informed. ( applies to FY 2019-2020 onwards)

21st June 2019

The 35th GST Council Meeting, which was presided over by FM Nirmala Sitharaman, took place on June 21st, 2019.

• Due dates for GST Annual Returns for FY 2017–18 have been moved up to 30 June–31 August 2019.
• Aadhar-enabled GST Registration was made available, NAA tenure was prolonged by two years, and any profiteering deposits that were delayed were subject to a 10% penalty.
• E-invoicing will be in effect starting in January 2020, and multiplexes will need to have E-ticketing.
• Deferral of the rate cut decision for electric vehicles, chargers, and leasing thereof; submission of the committee’s report; suspension of the rate cut for the lottery; referral of the matter to the GSTAT, which will serve as the GST Appellate Tribunal. States will determine how many GSTATs they need.

28th Mar 2019

The ITC-04 deadline for the July 2017–March 2019 period has been extended to June 30, 2019.

19th Mar 2019

The 34th GST Council Meeting took place on March 19, 2019.

Members of the GST Council convened via video conference to examine and approve the circulars that were written for rate reductions on both affordable and non-affordable housing that was being built.

24th February 2019

• The 33rd meeting of the GST Council was conducted on February 24th, 2019.
• The GSTR-3B submission deadline for the month of January 2019 has been extended till February 22nd, 2019*

10th February 2019

The 33rd GST Council meeting is set to take place by video conferencing on February 20th, 2019.

Arun Jaitley, the finance minister, will serve as its chairman. The export industry and real estate will be highlighted.

This will be the initial one following the 2019 interim budget.

10th January 2019

The 32nd meeting of the GST Council was presided over by Shri Arun Jaitley and held in New Delhi. Small businesses and MSMEs were greatly relieved by the announcements made.

The following are the main conclusions from the 32nd GST Council meeting:

• GST registration threshold for goods suppliers raised from ₹ 20 lakhs to ₹ 40 lakhs.
• Changes to the current composition programme were made by raising the threshold for joining the scheme from ₹ 1 crore to ₹ 1.5 crore, mandating quarterly tax payments, and mandating annual return filing beginning on April 1, 2019.
• For service providers and those who provide services along with goods, a new composition plan is created; the Turnover limit is set at ₹ 50 lakhs, and the Tax rate is set at 6%.
• This time, no rate reductions were offered. GoMs were established to investigate the taxes of unfinished properties and lotteries.
• Supplies produced within the State of Kerala will be subject to a calamity cess of up to 1% for a maximum of two years.

6. 2018 GST News Updates

22nd December 2018

On December 22, 2018, the 31st GST Council meeting was conducted. Rate reductions, decisions to extend the deadline for reporting GSTR-9, 9A, and 9C through June 30, 2019, the implementation of a new return filing system beginning on April 1, 2019, and many other decisions were made.

8th December 2018

The deadline for submitting GSTR-9, GSTR-9A, and GSTR-9C for FY 2017–18 has been extended by CBIC from December 31, 2018, to March 31, 2019.

8th December 2018

Next 31st GST Council meeting to be held on 22nd December 2018 at Delhi.

28th November 2018

The following locations have had the filing deadlines for GSTR-1, GSTR-3B, and GSTR-4 extended because of cyclones Titli and Gaza:

26th Oct 2018:

1. The GST ITC-04 due date has been extended through December 31, 2018, covering the period from July 2017 to September 2018.

2. Taxpayers must submit their final return on Form GSTR-10 until December 31, 2018, even if their registration was revoked by the appropriate authorities on or before September 30, 2018.

21st Oct 2018:

The deadline to reconcile, submit, and claim accurate ITC for the revised GST data for FY 2017–18 in GSTR-3b by September 2018 has been extended to October 25, 2018. 

28th Sep 2018:

The 30th GST Council Meeting was held by video conference on September 28, 2018 (Friday).

13th Sep 2018:

1. TDS and TCS provisions will go into effect on October 1, 2018.

2. Release of the GSTR-9C form. The GSTR -9C filing deadline has not yet been announced.

10th Sept 2018:

1. Extending the GSTR-3B due date only for newly migrated taxpayers for the months of July 2017 through November 2018 until December 31, 2018. For the remainder of the taxpayers, the due dates stay the same.

2. Extension of the GSTR-1 due date for taxpayers who had more than ₹ 1.5 crores in revenue in the previous fiscal year or the current fiscal year

• Regular taxpayers: For the extended period from July 2017 to September 2018 (through October 31, 2018).
• Taxpayers who have recently migrated: The period from July 2017 to November 2018 has been extended through December 31, 2018.

3. Extension of the GSTR-1 due date for taxpayers with up to ₹ 1.5 crores in prior fiscal year or current fiscal year revenue

a. Regular taxpayers:

b. Newly migrated taxpayers: The deadline has been extended through December 31, 2018, for all quarters from July 2017 to September 2018.

c. For Kodagu, Mahe, and Kerala flood-affected areas: The dates listed above remain the same, with the exception of the quarter from July to September 2018 being extended till November 15, 2018.

4. The deadlines for TRAN-1 and TRAN-2 have been moved to March 31 and April 30, respectively, for some taxpayers who were unable to complete their file owing to a technical issue.

4th Sep 2018: 

• Taxpayers who submitted Form GST CMP-04 between March 2 and March 31, 2018, to opt out of the composite scheme, have until October 3, 2018, to submit their ITC claim.
• For the time period of July 2017 to June 2018, the deadline to submit Form GST ITC-04 has been extended till September 30th, 2018.
• GSTR -9 and GSTR -9A formats were released by CBIC.
• The following items are exempt from late fees:
  • Taxpayers whose GSTR-3B was submitted but not uploaded on the common site for the month of October 2017.
  • Taxpayers whose GSTR -4 was timely filed for the months of October to December 2017 but who were inadvertently charged late fees.
  • Distributors of input services that paid late fees for GSTR-6 for any tax period between January 1 and January 23, 2018.

21st Aug 2018:

The deadline to submit GSTR- 3B for July 2018 has been moved up to August 24th, 2018.

6th Aug 2018:

Reverse Charge Mechanism, TDS, and TCS provisions under GST are postponed until 30 September 2019 (in the case of supplies made by unregistered people to registered persons).

4th Aug 2018:

In New Delhi, there was the 29th GST Council Meeting. A green light was given to incentives for digital payments. A committee will be established to handle MSME problems.

30th July 2018:

Discover the main points of the proposed GST return filing modifications.

30th July 2018:

GSTR-6 filing deadline was postponed from July 2017 to August 2018 for several months.

Update On GST Council Meeting Held On February 18, 2023

GST APPELLATE TRIBUNAL

The GST council endorsed the GoM report after making some changes. Members, i.e., the state finance ministers, will receive a copy of the final draught revisions to the GST laws for their feedback. While it may still be a few months before the GST appellate tribunals are fully operational, this announcement is nevertheless positive news for assessees because it means that many cases and issues that have been stalled due to the absence of an appellate venue would soon be able to move forward.

GST COMPENSATION

The Government of India has made the decision to pay the entire outstanding balance of INR 16,982 crores in GST compensation for the period ending in June 2022. The Indian government has issued this money from its own funds because there were no amounts in the GST compensation fund. It would be reimbursed through future compensation cess collections.

CAPACITY BASED TAXATION

Although the GoM had advocated a capacity-based charge in its report, the GST council did not agree. However, the GST council has adopted the following suggestions in an effort to close the gaps and boost tax collection from goods including pan masala, gutkha, and chewing tobacco:

• To stop leaks and/or tax evasion, compliance and tracking procedures must be implemented;
• Exports of those commodities will only be permitted with a letter of commitment and will result in an ITC (‘Input Tax Credit’) return;
• To improve the initial stage of revenue collection, compensation cess paid on such items will be converted from an ad valorem tax to a specific tax-based levy.

AMNESTY SCHEME

The following instances qualify for a one-time amnesty and an extension of the deadline for submitting an application for revocation of registration cancellation:

1. The window of opportunity for submitting an application for the revocation or cancellation of registration has been extended from 30 to 90 days. It is further advised that the commissioner or an officer designated by him in this regard may extend the said time period for an additional period not to exceed 180 (one hundred and eighty) days if the registered person fails to seek for such revocation within 90 (ninety) days. In this regard, the GST Council has additionally suggested that amnesty be granted for prior instances in which registration was cancelled due to the failure to file returns but an application to revoke the cancellation of registration was unable to be submitted within the time frame specified in Section 30 of the Central Goods and Services Tax Act, 2017 (the ‘Central Act’) (‘CGST Act’). Therefore, according to certain requirements, such individuals may submit an application for the revocation or cancellation of registration by a specific date.
2. The GST Council has proposed changing section 62 of the CGST Act to extend the time limit for filing returns in order to enable the deemed withdrawal of a ‘best judgement assessment order’ 1 from the current 30 (thirty) days to 60 (sixty), extendable by another 60 (sixty), subject to certain conditions. In cases where a return could not be filed within 30 (thirty) days of the assessment order but was nonetheless filed with the required interest and late fees up to a specific date, regardless of whether an appeal was filed against the assessment order or not or whether the said appeal was ultimately successful or not, the amnesty scheme also provides for the conditional deemed withdrawal of assessment orders.
3. By way of a conditional waiver or reduced late charge, amnesty has been extended with regard to pending returns in Form GSTR-4 (annual form for composition dealers2), Form GSTR-9 (annual return for regular taxpayers), and Form GSTR-10 (final return).

MEASURES FOR TRADE FACILITATION

Justification for annual return late fees:

1. Subject to a maximum of 0.04% of turnover in the State or Union Territory, INR 100 (one hundred) per day is charged for aggregate turnover exceeding INR 5 (five) crores and up to INR 20 (twenty) crores.
2. Up to INR 50 (fifty) per day, up to a maximum of 0.04% of turnover in the State or Union Territory, for aggregate turnover up to INR 5 (five) crores.

The revised framework contemplates that the place of supply of services of transportation of goods shall be the location of the recipient of services in cases where the location of the supplier of services or the recipient of services is outside India, in accordance with the proposed deletion of section 13(9) of the Integrated Goods and Services Tax Act, 2017.

RECOMMENDATIONS RELATING TO RATE CHANGES

Amendment to notification no. 1/2017- Compensation Cess (Rate), dated June 28, 2017, entry at serial no. 41A, such that exemption benefit covers both coal rejects supplied to and by a coal washery, arising out of coal on which compensation cess has been paid and no ITC thereof has been availed by any person.

Extend the exemption from conducting entrance exams available to educational institutions, central educational boards, and State educational boards to any authority, board, or body established by the Indian government or a State government, including the National Testing Agency.

Courts and tribunals are exempt from the reverse charge system with regard to taxable services they provide, such as renting space to telecommunication firms for the installation of towers and renting out offices to attorneys, among other things. Earlier, the Indian government, State governments, the parliament, and State legislatures had access to this.

INDUSLAW VIEW

Due to the backlog of cases from the time before the introduction of the GST, there is currently no GST appellate tribunal, therefore cases have been accumulating. The long-awaited establishment of the GST appeal tribunals would now lessen the load on the high courts and open the way for the quicker resolution of outstanding cases.

Even though the amnesty scheme is only applicable to a few concerns, it is nevertheless a positive step, and the industry will welcome additional initiatives to make conducting business and facilitating commerce easier. With two meetings held in a three-month period, it seems that the GST council wants to clarify things and find solutions to as many problems as it can, especially those that are still of concern to the entire industry.

GST Rate Changes from 1st March 2023

On February 28, 2023, the Central Board of Indirect Taxes and Customs (CBIC) published two notifications on food Central Tax (Rate) notifications and one regarding Compensation Cess (Rate). These are the modifications to the GST rate that were previously announced during the 49th GST Council meeting on February 18, 2023. All of these GST rate changes will take effect on March 1, 2023.

In accordance with Notification No. 04/2023-Central Tax (Rate), Rab, commonly known as liquid jaggery, is exempt from GST when supplied loose or without packaging. With this modification, the GST rate on Rab/Liquid jaggery has been reduced from 18% to 0% for loosely sold Rab. Furthermore, the GST rate for Rab sold pre-packaged and labelled has been reduced from 18% to 5% by Notification No. 03/2023-Central Tax (Rate).

By moving pencil sharpeners under the HSN code 8214, the GST on them was lowered from 18% to 12%. This adjustment will take effect on March 1st, 2023, per Notification No. 03/2023-Central Tax (Rate). As a result, the reference to pencil sharpeners has been removed from the entry at Sl. No. 302A.

In its 49th meeting, the GST Council has recommended using the reverse charge method to tax the services provided by courts and tribunals. In order to include courts and tribunals in its purview, Notification No. 02/2023-Central Tax (Rate) amends the original Notification No. 13/2017-Central Tax (Rate). 

On February 28, 2023, the government revised Notification No. 01/2023-Central Tax (Rate), extending the GST exemption to yet another service. The National Testing Agency (NTA), which administers entrance exams for admission to educational institutions, as well as any other Board, authority, or body established by the Central or State Governments, will be regarded as an educational institution. The exception will only be taken into consideration for the specific purpose of delivering these services and no other.

Last but not least, the CBIC revised Notification No. 1/2017- Compensation Cess (Rate), dated June 28, 2017, and published it as Notification 01/2023-Compensation Cess (Rate). As a result, coal rejects that are either sold to or by a coal washery and that come from coal for which cess has already been paid but the tax credit has not been claimed are exempt from cess. It indicates that in addition to supplies from coal washeries, the exemption has been expanded to include coal rejects given to coal washeries.

Recent Notification on GST and Circulars

1. Notification No. 02/2023 – Waiver of Late Fee for Composition Dealer –

The maximum late fee is ₹ 250.00, and there is no late fee if there is no central tax due. 

Applying to unfiled quarterly returns (GSTR-4) for the quarters of July 2017 through March 2019 or annual returns for the years 2019–20 to 2021–22. 

The first day of April 2023 through the last day of June 2023 are the filing deadlines.

2. Notification No. 03/2023 – Apply for Revocation of cancellation of registration

A person who has had their registration cancelled under clause (b) or clause (c) of subsection (2) of section 29 on or before December 31, 2022, is an eligible person. 

The person whose appeal against the cancellation of registration order or the order rejecting the application for revocation of cancellation of registration under Section 107 of the Act has been rejected on the grounds of failure to comply with the time limit specified under Subsection (1) of Section 30 of the said Act is a person who is eligible. 

Conditions: Before submitting the application for revocation, the returns due as of the cancellation of registration’s effective date must have been provided. 

Application deadline: up to June 30, 2023

3. Notification No. 04/2023– Amended Sub-Rule 4A of Rule 8 – Authentication of Aadhaar and Date of Submission of Registration Application

Authentication of the Aadhaar number or fifteen days after submitting the application in Part B of Form GST REG-01 pursuant to sub-rule (4), whichever occurs first, shall be the date of submission of the registration application.

4. Notification No. 06/2023 – Relax to the registered person who failed to file the returns after assessment u/s 62(1) within 30 days from the service of assessment order

Relieves for Order – Issued on or Before February 28, 2023 under section 62(1) 

File valid returns by the deadline of June 30, 2023.

It applies to everyone, regardless of whether they have appealed the order in question or not, or regardless of whether their appeal, if any, has been successful.

5. Notification No. 07/2023 – Exemption in late for filing Annual Return GSTR-9

The following individuals will pay a new rate of late fees in 2022–2023 without having a set due date for filing:

1. Registered individuals with a combined annual revenue of up to five crore rupees. 

Twenty five rupees per day, up to a maximum equal to 0.02 percent of the state’s or union territory’s total daily turnover. 

2. Registered individuals with a combined annual revenue of at least five crore rupees and up to twenty crores rupees. 

Fifty rupees per day, up to a maximum equal to 0.02 percent of the state’s or union territory’s turnover.

Rate for fiscal years 2017–2018 through 2021–2022, subject to submission of such return by June 30, 2023 – 

As per the Section 47 rate, but the highest amount payable is limited to ₹ 1000.

6. Notification No. 08/2023 – Exemption in late fee for filing Final Return GSTR-10 after cancellation of registration

The maximum Late cost is ₹ 500.00, if the return is filed by June 30, 2023.

7. Notification No. 09/2023– Time Limit extending for issuing the order under 73(10)

(i) For the fiscal year 2017–18, to December 31, 2023; 

(ii) For the fiscal year 2018–19, to March 31, 2024; 

(iii) For the fiscal year 2019–20, until June 30, 2024.

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