CBIC Notifies Various GST Forms w.r.t Cancellation or Suspension of GST Registration

By: Admin
October 10, 2024
Categories: 54th GST Council
4 Min Read

The CBIC, via Notification No. 20/2024 – Central Tax dated October 08, 2024, has introduced updates regarding the cancellation or suspension of GST registrations. Specifically, the following forms have been substituted or inserted:

Form GST REG-20

[See rule 22(4)]

Reference No.- ZA260821000033A
Date: DD/MM/YYYY

To:


GSTIN/UIN:
Show Cause Notice No.:
Date: DD/MM/YYYY

Order for Dropping the Proceedings for Cancellation of Registration

This letter refers to your reply filed via ARN ———- dated in response to the show cause notice mentioned above. After reviewing your reply and any submissions made during the hearing, the cancellation proceedings are vacated for the following reasons:

Or

This notice is issued in reference to REG-31 with Reference Number dated DD/MM/YYYY for contravening provisions of rule 10A of the CGST Act, 2017. Since you have provided valid bank account details on the portal, the cancellation proceedings are dropped.

Or

This notice is related to the violation of clause (b) or (c) of section 29(2) of the CGST Act, 2017. As you have filed all pending returns and paid your self-assessed tax, the cancellation proceedings are dropped.

Suspension of registration is revoked effective DD/MM/YYYY.

Signature

Designation
Jurisdiction Place:
Date:

Insertion in Form GST REG-31

The following paragraph has been added after paragraph 6:

Suspension Due to Violation of Rule 10A

  1. You have not furnished valid bank account details within 30 days of registration, as required by rule 10A.
  2. The discrepancies suggest a contravention of the CGST Act, 2017, and may lead to cancellation if not satisfactorily explained.
  3. Your registration is suspended from the date of this notice under rule 21A due to revenue risk.
  4. Provide valid bank details or reply to the jurisdictional officer within 30 days.
  5. The suspension will be lifted once valid bank details are submitted.
  6. Failure to comply may result in registration cancellation.

Or

Suspension Due to Violation of Rule 21

  1. You have failed to file returns for six months or two quarters, violating rule 21.
  2. Your registration is suspended from the date of this notice under rule 21A(2A).
  3. File the pending returns within 30 days or submit a reply explaining the discrepancies.

Our Comments

The CBIC has made notable changes to the GST registration process, emphasizing procedural transparency and compliance. The revised Form GST REG-20 provides clarity on the cancellation process, offering taxpayers a chance to resolve discrepancies and avoid cancellation.

The introduction of Form GST REG-31 highlights strict measures for non-compliance, particularly around furnishing bank details and filing returns. However, taxpayers are given an opportunity to rectify the issues before permanent cancellation.

This update strengthens the GST framework, ensuring accountability and protecting government revenue while providing clear steps for taxpayers to comply.

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