Summary of Central Goods and Service Tax (Fourth Amendment) Rules, 2021

Category: Business

Read this Article - https://vjmglobal.com/gst/gst-notification/ Central Board of Indirect Taxes (“CBIC”) has notified Central Goods and Service Tax (Fourth Amendment) Rules, 2021 vide Notification No. 15/2021-Central Tax dated 18th May, 2021 to make amendment in provisions related to Revocation of Cancellation of GST Registration and Refund under GST. Synopsis of changes made are as follows: 1. Revocation of Cancellation of GST Registration As per Section 30 of CGST Act, 2017, a person may apply for revocation of cancellation of GST registration within 30 days from date of service of cancellation order. Proviso has been inserted under section 30(1) w.e.f. 1st Jan, 2021 to provide that Additional Commissioner or Joint Commissioner or Commissioner may extend such a period but not exceeding: Additional Commissioner or Joint Commissioner- 30 Days Commissioner- 30 Days (After the above period) In pursuant to Section 30 provision, the period of 30 days has been extended many times. However, Rule 23(1) of CGST Act, 2017 provided that revocation application can be filed within 30 days from date of service of cancellation order. Therefore, to sync Rule 23 with Section 30, Rule 23(1) has been amended to provide that an application for revocation can be filed within 30 days from the date of service of cancellation order or within such time period as extended by AC or JC or Commissioner. Read more on - https://vjmglobal.com/gst/gst-notification/