Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
Proviso to sub rule (4) of Rule 22 of the CGST Rules permits an empowered officer to drop cancellation proceedings under Section 29(2)(c) if the person furnishes all pending returns and makes full payment of tax, interest and late fee, and to pass Form GST REG 20; restoration follows on compliance. The petitioner may apply for restoration within two months and the authority must consider and, if requirements are met, restore registration expeditiously. Computation of limitation under Section 73(10) runs from the date of this order, with the financial year 2024 25 treated as per Section 44; arrears including tax, penalty, interest and fees remain payable.
Proviso to sub rule (4) of Rule 22 of the CGST Rules permits an empowered officer to drop cancellation proceedings under Section 29(2)(c) if the person furnishes all pending returns and makes full payment of tax, interest and late fee, and to pass Form GST REG 20; restoration follows on compliance. The petitioner may apply for restoration within two months and the authority must consider and, if requirements are met, restore registration expeditiously. Computation of limitation under Section 73(10) runs from the date of this order, with the financial year 2024 25 treated as per Section 44; arrears including tax, penalty, interest and fees remain payable.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
