AP HC says Section 62 assessment deemed withdrawn

What happens when a taxpayer files a delayed return after a best-judgment assessment under Section 62? Andhra Pradesh High Court has held that the assessment must be treated as withdrawn once the return is filed and the applicable late fee is paid. The company had filed its April 2023 GSTR-3B belatedly and paid the required late fee. The Court held that Section 62(2) applied and directed that the assessment be deemed withdrawn, with no recovery permitted under that order.