Tag Archives: cancellation

revocation of cancellation of regn – GST

update from GST portal

In view of the notification 34/2021 -Central dated 29th Aug 2021, where the due date of filing of application for revocation of cancellation of registration falls between 1st March, 2020 to 31st August, 2021, the time limit for filing of application for revocation of cancellation of registration is extended to 30th September, 2021.

The benefit of said notification is extended to all the cases where cancellation of registration has been done under clause (b) or clause (c) of sub-section (2) of section 29 of the CGST Act, 2017 and where the due date of filing of application for revocation of cancellation of registration falls between 1st March, 2020 to 31st August, 2021.

It is further clarified that the benefit of notification would be applicable in those cases also where the application for revocation of cancellation of registration is either pending with the proper officer or has already been rejected by the proper officer.

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cancellation of payment system licences

RBI has vide its press release dated 13th November, 2020 cancelled the licences of five payment system operators. While three of them were cancelled because of surrender/ non renewal, two of them were cancelled due to non compliance with regulatory requirements. It would have been good if they had specified what exactly were the compliances which were not carried out by these two operators.

https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=50662

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