CBIC Notifies New GST Forms for Cancellation and Suspension of GST Registration

The Central Board of Indirect Taxes and Customs (CBIC) has introduced new GST forms for the cancellation and suspension of GST registration through the Central Goods and Services Tax (Second Amendment) Rules, 2024. Key changes include the amendment of Rule 21, which now allows for the suspension of GST registration if returns are not filed for six consecutive months for regular taxpayers or two tax periods for composition taxpayers. FORM GST REG-31 has been introduced for issuing show cause notices to non-compliant taxpayers, and FORM GST REG-20 is used to close proceedings if the taxpayer rectifies the issues. The suspension can also be triggered by discrepancies between returns filed in FORM GSTR-1 and FORM GSTR-3B. These changes aim to enhance compliance and streamline processes for taxpayers and authorities.