Section 148 - Amendment of section 62. - Finance Act, 2023

Amendment of section 62. 148 . In section 62 of the Central Goods and Services Tax Act, in sub-section (2), (a) for the words thirty days , the words sixty days shall be substituted; (b) the following proviso shall be inserted, namely: Provided that where the registered person fails to furnish a valid return within sixty days of the service of the assessment order under sub-section (1), 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 and in case he furnishes valid return within such extended period, the said assessment order shall be deemed to have been withdrawn, but the liability to pay interest under sub-section (1) of section 50 or to pay late fee under section 47 shall continue. .