The Central Board of Indirect Taxes (CBIC) has issued new provisions for recovering GST dues. These provisions are in place until the GST Appellate Tribunal starts functioning. The new provisions will provide convenience to taxpayers.
CBIC Issued A Fresh Circular
The Central Board of Indirect Taxes and Customs (CBIC) issued a Thursday circular regarding the new GST dues provisions. According to the circular, work will be done through these provisions until the Goods and Services Tax Appellate Tribunal (GSTAT) becomes functional. To avoid the tax recovery process, taxpayers can pay the pre-deposit amount through their electronic liability register and file an undertaking before the appropriate officer according to the jurisdiction.
Facility Provided On GST Common Portal
CBIC has issued this circular to save the taxpayer from an unnecessary recovery process until the tribunal becomes functional. According to the circular, a new system has been started to adjust the payment through Form GST DRC-03 on the GST common portal for pre-deposit needs.
This Thing Has To Be Told In The Undertaking
Taxpayers can make payments using this new facility. After that, they can give information about the payment to the concerned officer, who will delay the recovery process. The taxpayer must also tell in the undertaking that he will file an appeal before the Appellate Tribunal against the related outstanding order. The appeal will be filed within the period mentioned in section 112 of the CGST Act as soon as GSTAT becomes functional.
Taxpayers Got This Relief In June
In June, CBIC relieved taxpayers by saying that tax officers could not start the recovery process three months after serving the demand order. Then, CBIC said that if the taxpayer does not pay the dues even after three months of serving the demand order, only the tax officer can start the recovery process.
