Amendment to Section 52: Time Limit for Furnishing Statements
A new sub-section (15) has been added to Section 52 of the Central Goods and Services Tax Act. This amendment stipulates that operators are not allowed to submit a statement under sub-section (4) if more than three years have passed since the original due date for submitting that statement. However, there is an exception provided. The government, based on the recommendations of the Council, may issue a notification that permits an operator or a specific group of operators to submit the statement even after the three-year period has expired. This permission would be subject to certain conditions and restrictions as specified in the notification.
Note: It is an AI generated summary for reference purpose only.
Amendment of section 52.
145. In section 52 of the Central Goods and Services Tax Act, after sub-section (14), the following sub-section shall be inserted, namely:—
"(15) The operator shall not be allowed to furnish a statement under sub-section (4) after the expiry of a period of three years from the due date of furnishing the said statement:
Provided that the Government may, on the recommendations of the Council, by notification, subject to such conditions and restrictions as may be specified therein, allow an operator or a class of operators to furnish a statement under sub-section (4), even after the expiry of the said period of three years from the due date of furnishing the said statement.".
