CBIC revises GST Registration Suspension/Cancellation of Drop Proceedings Rules for Non-Linking of Bank Account and Non-Filing of Returns

The Central Board of Indirect Taxes and Customs (CBIC) has revised the rules for GST registration suspension and cancellation, effective October 8, 2024. The amendments to the Central Goods and Services Tax (CGST) Rules, 2017, aim to streamline GST compliance by providing relief to taxpayers at risk of registration cancellation due to non-linking of bank accounts and non-filing of returns. The new rules allow for the suspension of GST registration if discrepancies are found between returns filed in FORM GSTR-1 and FORM GSTR-3B. Taxpayers can rectify these discrepancies to avoid suspension. This move is expected to enhance compliance and provide a more efficient process for managing GST registrations.