Summary
1. There is no requirement of reversing common ITC for sale of duty credit scrips. In our view, this explanation should be given retrospective effect.
2. If the registration is suspended for non-filing of returns and the registered person furnishes all the pending returns before proper officer cancels the registration, it shall be deemed to be revoked. In the statutory language, reference of sub-rule (2A) is misplaced. It should have been sub-rule (2).
3. Due date of filing Form GST CMP-08 i.e., quarterly statement by composition taxpayers, for QE June 2022 has been extended to 31.07.2022.
4. Late fee payable on filing of return in Form GSTR-4 for FY 2021-22 has been waived till 28.07.2022.
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Source Paksh Legal
