GST UPDATE

Desk of CA. Praveen Sharma 

Series- 421

Extension of Show cause Notice Date in GST

Video link: https://youtu.be/V33SjN8P_cU

1- CBIC applied the “force majeure” clause again to extend the limitation under section 73 for recovery of tax not paid or short paid or of input tax credit wrongly availed or utilized. 

2- Now Show Cause Notices can be issued with the extended period as below:

(i) for the FY 2017-18, up to 30-09-2023; Order pass up to 31-12-2023.

(ii) for the FY 2018-19, up to 31-12-2023; Order pass up to 31-03-2024.

(iii) for the FY 2019-20, up to 31-03-2024; Order pass up to 30-06-2024.

3- For recovery of erroneous refund limitation period has already been extended by excluding the period from the 1st March 2020 to the 28th February 2022 for computation of the period of limitation.

Refer Notification No. 09/2023 – Central Tax dated 31.03.2023 and 13/2022– CT.

Regards 

CA. Praveen Sharma

Twitter: https://twitter.com/capraveensh