Extension of Revocation Window – Best Judgment Assessment (Sec. 62)

Notification No.: 24/2023 – Central Tax
Date of Notification: 17th July 2023

Relevant Sections and Rules:

• Central GST Act, 2017:
  • Section 62(1) – Best judgment assessment for non-filers of returns
  • Section 47 – Levy of late fee
  • Section 50(1) – Interest on delayed payment of tax
  • Section 148 – Special procedure for certain registered persons
• Earlier Notification Amended:
  • Notification No. 06/2023 – Central Tax, dated 31st March 2023 – Special procedure for withdrawal of best judgment assessment orders under Section 62

Summary of Notification:

1. This notification amends Notification No. 06/2023 – Central Tax which had introduced a special procedure for deemed withdrawal of best judgment assessment orders passed under Section 62(1).
2. Under the amendment, the time limit for furnishing the pending return and availing this relief has been extended from 30th June 2023 to 31st August 2023.
3. Accordingly, registered persons who were issued assessment orders under Section 62(1) on or before 28th February 2023, can have such orders deemed withdrawn if they:
   • Furnish the pending return on or before 31st August 2023, and
   • Pay the due tax along with interest (Section 50) and late fee (Section 47).
4. The notification is deemed to have come into force from 30th June 2023, ensuring continuity of the compliance relief scheme.

Source: Notification No.: 24/2023 – Central Tax