Background:
Recently, the GST Council’s 47th meeting was held in Chandigarh on June 28th and 29th, 2022 under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman recommended to extend limitation under Section 73 of the Central Goods and Services Tax Act, 2017 (“the CGST Act”) for the financial year 2017-18 for issuance of order in respect of other demands linked with due date of annual return till September 30, 2023.
The above-mentioned recommendation has been notified vide following notification:
Notification:
The CBIC vide Notification No. 13/2022- Central Tax dated July 05, 2022 extended the time limit specified under Section 73(10) of the CGST Act for issuance of order under Section 73(9) of the CGST Act, for recovery of tax not paid or short paid or of input tax credit wrongly availed or utilized, in respect of a tax period for the financial year 2017-18, up to September 30, 2023.
Our comments:
It is to be noted that the GST Council recommended to extend limitation period to issue order under Section 73 of the CGST Act in respect of other demands linked with due date of annual return only however, the notification issued in this regard has extended limitation period for all demands.
The Notification can be accessed at: https://taxinformation.cbic.gov.in/view-pdf/1009416/ENG/Notifications
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