CENTRAL GOODS AND SERVICES TAX (AMENDMENT) ACT, 2018
Section 14 - Amendment of section 29
Amendment of Section 29: Inclusion of Suspension Provisions
The amendment to Section 29 of the principal Act introduces the concept of suspension alongside cancellation of registration. Firstly, the marginal heading of the section is updated to include the term "suspension" after the word "Cancellation." This change reflects the addition of new provisions relating to the suspension of registration. Secondly, a new proviso is added to sub-section (1), allowing for the suspension of registration during the period when proceedings related to its cancellation are ongoing. This suspension can occur for a specified period and in a manner that will be outlined in the prescribed regulations. Lastly, another proviso is added to sub-section (2), giving the proper officer the authority to suspend a registration while cancellation proceedings are pending. This suspension will also follow a specified period and manner as prescribed. These amendments provide a framework for temporarily halting a registration while its cancellation is being considered, offering a structured approach to managing registrations under review.
Note: It is an AI generated summary for reference purpose only.
(a) in the marginal heading after the word “Cancellation”, the words “or suspension” shall be inserted;
(b) in sub-section (1), after clause (c), the following proviso shall be inserted, namely:—
“Provided that during pendency of the proceedings relating to cancellation of registration filed by the registered person, the registration may be suspended for such period and in such manner as may be prescribed.”;
(c) in sub-section (2), after the proviso, the following proviso shall be inserted, namely:—
“Provided further that during pendency of the proceedings relating to cancellation of registration, the proper officer may suspend the registration for such period and in such manner as may be prescribed.”.
