This move of restoration of cancelled Goods and Services tax by the Central Board of Indirect Taxes will provide satisfaction and relief to millions of taxpayers and will lessen their grievances whose registrations were cancelled suo moto and their period of revocation got lapsed. This facility can be availed on the Goods and Services (GST) online portal.
The Central Board of Indirect Taxes is the national nodal agency that is responsible for administrating and facilitating the different types of taxes such as customs, GST, central excise tax, service tax and narcotics in India. It is an apex organisation that is responsible for the formulation and for managing of the policy related to indirect taxes in India.
Taxpayers will restore their cancelled Goods and Services Tax registration by following some simple steps. These are given below:-
This facility has come off as a boon for the millions of taxpayers out there. This move was initiated after the orders and directions from the various appellate orders against the cancellation of GST registration passed suo-moto by various range officers.
Last year various High Courts such as Gujarat, Calcutta and Patna High Court also ruled out against the cancellation of Goods and Service Tax registration.