Central Tax notified the provision related to exemption for filing annual return, extension of time line for filing quarterly detail by composite dealer and waiver of late fee for filing annual return by composite dealer
Notification No. 10/2022:- Exemption to taxpayers having AATO upto Rs. 2 crores from the requirement of furnishing annual return for FY 2021-22
In exercise of the powers conferred by the First proviso to Section 44 of CGST Act 2017. The Commissioner on the recommendation of the council hereby exempts the registered taxpayers, having aggregate turnover in the FY 2021-2022 is upto two crore rupees from the requirement of filing Annual Return in Form GSTR 9 for the FY 2021-22.
Notification No. 11/2022:-Extension of timelines for composition taxpayers for furnishing FORM GST CMP-08 for the quarter ending June, 2022 till 31.07.2022
In addition to principle notification no. 21/2019 Central tax, the due date for furnishing self- assessment tax statement Form CMP -08 has been extended from 30th June 2022 to 31st July 2022 for the quarter ending Apr’22 to June’22.
Notification No. 12/2022:- extension of the waiver of late fee for delay in filing FORM GSTR-4 for FY 2021-22
In consideration of principle notification no. 73/2017, The late fee waiver for delayed filing of GSTR 4 for the financial year 2021-22 has been further extended from 30th June 2022 to 28th July 2022.
Notification No. 13/2022:- Extension of the limitation period for various actions under the CGST Act
In exercise of the power conferred in Section 168 of CGST Act 2017 seek to extend date of specified compliances w.e.f. 01.03.2020.
- The time limit to issue notice under Section 73(10) for recovery of tax not paid, short paid or ITC wrongly utilized (non-fraud cases) for the financial year 2017-18 shall be allowed till 30th September 2022.
- Time period between 1st March 2020 to 28th February 2022 excluded for the computation of period of limitation u/s 73(9) (issuance of orders for recovery of erroneous refunds).
The Pandemic period 01-03-2020 to 28-02-2022 excluded for the computation of period for filing GST refund applications under Sections 54 or 55 of the CGST Act.
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