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📜 Government Amends Central Goods and Services Tax Rules

The Indian Government has made a further amendment to the notification regarding the Central Goods and Services Tax Rules, 2017. This amendment, recommended by the Council, modifies the notification issued on March 21, 2020.

📅 Effective Date: August 1, 2023 🔀 Amendment: The amendment substitutes the phrase "ten crore rupees" with "five crore rupees" in the first paragraph of the notification.

📋 Summary of the Amendment:

Notification Details:

• Original Notification: No. 13/2020 – Central Tax, dated March 21, 2020
• Gazette Number: G.S.R. 196(E), dated March 21, 2020
• Latest Amendment: Notification No. 17/2022-Central Tax, dated August 1, 2022
• Gazette Number: G.S.R. 612(E), dated August 1, 2022

Affected Rule:

• Sub-rule (4) of Rule 48 of the Central Goods and Services Tax Rules, 2017

Affected Text:

• The words "ten crore rupees" will be replaced with "five crore rupees."

📝 Conclusion: The Indian Government, based on the recommendations of the Council, has amended the notification for the Central Goods and Services Tax Rules, 2017. This change will be effective from August 1, 2023, and involves substituting the phrase "ten crore rupees" with "five crore rupees" in the first paragraph of the original notification.