Revocation of cancelled GST number : Golden chance

The GST Council has decided to provide an opportunity to revoke the cancellation of GST Registration. The Finance Minister Nirmala Sitharaman said that the Taxpayers who could not get cancelled GST registrations restored in time are being given an opportunity to apply for revocation of cancellation of registration up to September 30, 2020, in all cases where registration has been cancelled till June 12, 2020.

Taxpayers can take a sigh of relief now, as a major relief to the GST taxpayers has been notified due to Corona. The government has decided to cap the maximum late fee for Form GSTR-3B at Rs. 500/- (five hundred only) per taxable return and zero late fees fo nil returnfor cleaning up past pendency of returns right from implementation of GST ; but subject to the condition that such GSTR-3B returns being filed before 30th September, 2020.

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