Amendments to Section 52 of the Central Goods and Services Tax Act
Section 52 of the Central Goods and Services Tax Act has been amended to provide more flexibility in the deadlines for submitting certain tax-related statements. Specifically, two new provisions have been added to sub-sections (4) and (5) of Section 52.
In sub-section (4), the amendment allows the Commissioner to extend the deadline for submitting statements for certain registered persons. This extension can be made official through a notification, and it must be justified with reasons recorded in writing. Additionally, if a time extension is announced by the Commissioner of State tax or the Commissioner of Union territory tax, it will automatically be recognized as an extension by the Commissioner.
Similarly, sub-section (5) has been amended to permit the Commissioner to extend the deadline for submitting annual statements for specific classes of registered persons. This extension also requires a written justification and is based on recommendations from the Council. As with sub-section (4), any extension declared by the State or Union territory tax Commissioners will be considered as an extension by the Commissioner.
These changes aim to provide more administrative flexibility and ensure consistency across different jurisdictions in the management of tax statement submissions.
Note: It is an AI generated summary for reference purpose only.
Amendment of section 52.
101. In section 52 of the Central Goods and Services Tax Act,––
(a) in sub-section (4), the following provisos shall be inserted, namely:––
“Provided that the Commissioner may, for reasons to be recorded in writing, by notification, extend the time limit for furnishing the statement for such class of registered persons as may be specified therein:
Provided further that any extension of time limit notified by the Commissioner of State tax or the Commissioner of Union territory tax shall be deemed to be notified by the Commissioner.”;
(b) in sub-section (5), the following provisos shall be inserted, namely:––
“Provided that the Commissioner may, on the recommendations of the Council and for reasons to be recorded in writing, by notification, extend the time limit for furnishing the annual statement for such class of registered persons as may be specified therein:
Provided further that any extension of time limit notified by the Commissioner of State tax or the Commissioner of Union territory tax shall be deemed to be notified by the Commissioner.”.
