Recent Important Amendments in the CGST Rules (2024)

By: Admin

October 18, 2024

Categories: GST Law | Our Articles

4 Min Read

  1. Rule 36 – Documentary Requirements for Claiming ITC
    The CBIC, via Notification No. 20/2024 – Central Tax (effective October 08, 2024), amended sub-rule (3) of Rule 36 under the CGST Rules, restricting Input Tax Credit (ITC) where tax is paid on confirmed demands due to fraud, willful misstatement, or suppression of facts under Section 74 of the CGST Act.
  2. Rule 46 – Tax Invoice
    Effective November 01, 2024, the second proviso to Rule 46 will be omitted, prohibiting recipients from issuing consolidated invoices for supplies exceeding Rs. 5,000 in a day under Section 9(4) of the CGST Act.
  3. New Rule 47A – Time Limit for Issuing Tax Invoices
    Notification No. 20/2024 introduces Rule 47A, effective November 01, 2024, setting a 30-day limit for recipients liable under RCM to issue tax invoices for supplies received from unregistered persons.
  4. Rule 66 – Submission of TDS Return
    The amendment mandates registered persons to file TDS returns (Form GSTR-7) by the 10th of the following month, starting November 01, 2024.
  5. Rule 89 – Application for Refund
    From October 08, 2024, sub-rules (4A) and (4B) of Rule 89 have been omitted, affecting the refund procedure.
  6. Rule 96 – Refund of IGST Paid on Exports
    Effective October 08, 2024, sub-rule (10) of Rule 96, which barred refund of IGST on exports where certain benefits were availed, has been omitted.
  7. Rule 164 – Closure of Proceedings under Section 128A
    A new rule provides a procedure for waiving interest and penalties related to demands under Section 73 of the CGST Act, effective November 01, 2024.
  8. Amendments Due to Section 74A
    Section 74A, effective November 01, 2024, addresses ITC wrongly availed/utilized for both fraudulent and non-fraudulent reasons. Related amendments have been made in Rules 88B, 88D, 96B, 121, and 142.
  9. Amendments in Forms
    Several forms, including GST REG-20, GSTR-9, and others, have been amended effective November 01, 2024, to streamline compliance and address new provisions.
  10. Rectification of Demand Orders (Section 16(4) CGST Act)
    A special procedure for rectifying demand orders related to ITC contraventions under Section 16(4) of the CGST Act has been introduced via Notification No. 22/2024.

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