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Taxation Kerala Ministry of Finance Kerala State Goods and Services Tax Act, 2017

Government of Kerala has issued the Kerala Taxation Laws (Amendment) Ordinance, 2023

22-Jul-2023 | ORDINANCE No. 2 OF 2023

Government of Kerala has issued a circular with respect to the Kerala Taxation Laws (Amendment) Ordinance, 2023 by amending the provisions of the Kerala State Goods and Services Tax Act, 2017, and the Kerala Finance Act, 2023, effective from 22nd July 2023.

The Highlights of the Amendment are:
1. Modification in Section 30 states that a person may apply to such officer for revocation of cancellation of the registration in such manner, within such time, and subject to such conditions and restrictions, as may be prescribed. Previously, the time limit was of thirty days from the date of service of the cancellation order.
2. Modification in Section 62(2) states that where the registered person furnishes a valid return within sixty days of the service of the assessment order, the said assessment order shall be deemed to have been withdrawn but the liability for payment of interest and for payment of late fees under section 47 shall continue. Previously, the time limit was of thirty days.
3. A Proviso after Section 62(2) has been inserted that where the registered person fails to furnish a valid return within sixty days of the service of the assessment order, he may furnish the same within a further period of sixty days on payment of an additional late fee of one hundred rupees for each day of delay beyond sixty days of the service of the said assessment order, etc.

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