Conditions for revocation of cancellation of registration - May be, maybe not!
By TIOL News Service
NEW DELHI, JULY 23, 2024: CLAUSE 117 of the Finance (No.2) Bill, 2024 reads -
Amendment of section 30.
"In section 30 of the Central Goods and Services Tax Act, in sub-section (2), after the proviso, the following proviso shall be inserted, namely:-
"Provided further that such revocation of cancellation of registration shall be subject to such conditions and restrictions, as may be prescribed."."
The JS TRU-1 in his D.O. F. No. 334/04/2024-TRU dated 23 July 2024 informs that -
"Changes have also been proposed in the CGST Act, IGST, Act, UTGST Act and GST (Compensation to States) Act 2017, through Clauses 110 to 146 of the Bill in CGST Act 2017, through Clauses 147 to 150 of the Bill in IGST Act, 2017, through Clauses 151 to 152 of the Bill in UTGST Act, 2017 and through Clause 153 in GST (Compensation to States) Act 2017."
Under the heading "Goods and Services Tax", a snapshot of the amendments proposed by the Finance (No.2) Bill, 2024 is given -
Point no.12 mentions -
"Second proviso may be inserted in section 30(2) of the CGST Act to provide for enabling clause to prescribe conditions and restrictions for revocation of cancellation of registration."
Usage of "may be" in the above line is a dampener.
One fails to understand as to why there appears to be an uncertainty in the amendment.
Interestingly, for these many years, we did without this proviso.
And, now, we look forward to the "prescription" subject to which the registration would be restored.
Nit-picking, you may say!