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TMI BlogAction against Return Defaulters - Special Drive for Cancellation of Registration of Return Defaulters.X X X X Extracts X X X X X X X X Extracts X X X X ..... d not having required turnover to continue in GST, tax payers who had taken GST registration but had not commenced business, Government Departments taken registration to pay tax on small transactions, tax payers who had stopped business but registration not cancelled etc. In the interest of revenue, registration of all the return defaulters who had failed to file returns has to be cancelled to ensure that the non-filing of return will not cost the exchequer. Even in cases where assessments have already been completed also such an action is required. Section 29 (2) of CGST and SGST Act, 2017, empowers the proper officer to cancel the registration of a person from such date, including any retrospective date, in cases of Composition tax payer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Since most of the tax payers are not active now, the notice for cancellation shall be communicated both in the registered email address and by registered post or served in person. 4. The reply to the show cause notice issued under sub-rule (1) shall be furnished online in FORM REG-18 within the period seven working days from the date of service of the notice in Form REG - 17. 5. Where the person instead of replying to the notice served under sub rule (1) in Form REG - 17 for contravention of the provisions contained in clause (b) or clause (c) of sub-section (2) of section 29, furnishes all the pending returns and makes full payment of the tax dues along with applicable interest and late fee, the proper officer shall drop the proceedings ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng to defaulted return periods has to be archived by the proper officer after cancellation of registration with retrospective effect. 10. As per Section 29 (5) of the CGST and SGST Act, 2017, every registered person whose registration is cancelled shall pay an amount, by way of debit in the electronic credit ledger or electronic cash ledger, equivalent to the credit of input tax in respect of inputs held in stock and inputs contained in semi-finished or finished goods held in stock or capital goods or plant and machinery on the day immediately preceding the date of such cancellation or the output tax payable on such goods, whichever is higher, by filing Final Return as per Section 45 of CGST and SGST Act, 2017. The Final Return has to be f ..... X X X X Extracts X X X X X X X X Extracts X X X X
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