S.O. (E) Notification:
The Central Government, using the authority granted by section 148 of the CGST Act, 2017, issues a notification outlining the procedure for the deemed withdrawal of assessment orders.
Deemed Withdrawal Criteria:
Registered persons failing to furnish a valid return within thirty days of the assessment order served before February 28, 2023, are identified as eligible for deemed withdrawal.
Special Procedures:
To benefit from the deemed withdrawal, the identified registered persons must adhere to specific procedures specified in the notification.
Return Filing Deadline:
Registered persons must submit the outstanding return by June 30, 2023, to qualify for the deemed withdrawal, ensuring a reasonable timeframe for compliance.
Accompanying Payments:
Along with the return, the registered persons are required to make payments covering interest due under section 50(1) of the Act and the applicable late fee under section 47 of the Act.
Appeal Status Irrelevant:
The notification clarifies that the deemed withdrawal applies regardless of whether an appeal was filed against the assessment order under section 107 of the Act, or its status if an appeal has been initiated.
Streamlining Compliance:
The measures aim to streamline compliance procedures, providing an opportunity for rectification and regularizing the filing process without undue complications.
Encouraging Timely Compliance:
By offering a path to deemed withdrawal, the government encourages registered persons to address their outstanding assessments promptly, contributing to a more efficient and compliant GST ecosystem.