Major Decisions were taken in 50th GST council meeting and for those changes notifications more notifications number 27/2023 till 35/2023 of Central Tax and Notification No.01/2023 of Integrated Tax is issued Dated 31 July 2023.
Highlights of Notifications:
- Strict Rules for manufactures of Tobacoo and PAN Masala : NN30/2023 of Central Tax and NN 01/2023 of IGST Act
- Waiver of GST Registration requirement for persons supplying Goods through ECO : NN 34.2023 of central tax
- GSTR-9 Exempt to file for Taxpayers having annual aggregate turnover upto 2 Crore for FY 2022-23 : NN 32/2023 of central tax
- Section 123 (Section 16 of IGST Act) of Finance Act notified: NN 27/2023 of central tax
- Section 137 to 162 of Finance Act notified: NN 28/2023 of central tax
Read and Download Notifications
Number | Date | Subject | Download |
---|---|---|---|
35/2023-Central Tax | 31-Jul-2023 | Seeks to appoint common adjudicating authority in respect of show cause notices in favour of against M/s BSH Household Appliances Manufacturing Pvt Ltd. | English |
34/2023-Central Tax | 31-Jul-2023 | Seeks to waive the requirement of mandatory registration under section 24(ix) of CGST Act for person supplying goods through ECOs, subject to certain conditions. | English |
33/2023-Central Tax | 31-Jul-2023 | Seeks to notify “Account Aggregator” as the systems with which information may be shared by the common portal under section 158A of the CGST Act, 2017. Notifies “Account Aggregator” as the systems with which information may be shared by the common portal based on consent under Section 158A of the Central Goods and Services Tax Act, 2017 (12 of 2017). This notification shall come into force with effect from the 1st day of October, 2023 “Account Aggregator” means a non-financial banking company which undertakes the business of an Account Aggregator in accordance with the policy directions issued by the Reserve Bank of India under section 45JA of the Reserve Bank of India Act, 1934 (2 of 1934) and defined as such in the Non-Banking Financial Company – Account Aggregator (Reserve Bank) Directions, 2016. | English |
32/2023-Central Tax | 31-Jul-2023 | Seeks to exempt the registered person whose aggregate turnover in the financial year 2022-23 is up to two crore rupees, from filing annual return for the said financial year. | English |
31/2023-Central Tax | 31-Jul-2023 | Seeks to amend Notification No. 27/2022 dated 26.12.2022 Change in Notification number 27/2022 Dated 26 December 2022 In the said notification, after the words, “State of Gujarat”, the words “and the State of Puducherry” shall be inserted. | English |
30/2023-Central Tax | 31-Jul-2023 | Seeks to notify special procedure to be followed by a registered person engaged in manufacturing of certain goods (TOBACOO, PAN MASALA) | English |
29/2023-Central Tax | 31-Jul-2023 | Seeks to notify special procedure to be followed by a registered person pursuant to the directions of the Hon’ble Supreme Court in the case of Union of India v/s Filco Trade Centre Pvt. Ltd., SLP(C) No.32709-32710/2018. | English |
28/2023-Central Tax | 31-Jul-2023 | *Seeks to notify the provisions of sections 137 to 162 of the Finance Act, 2023 (8 of 2023). Read Here: https://taxupdates.cagurujiclasses.com/gst-amendments-announced-in-finance-act-2023-are-notified-applicable-from-1-aug-and-1-oct-2023/#more-3634 | English |
27/2023-Central Tax | 31-Jul-2023 | Seeks to notify the provisions of section 123 of the Finance Act, 2021 (13 of 2021). Amendment of section 16. 123. In the Integrated Goods and Services Tax Act, 2017 (13 of 2017), in section 16,–– (a) in sub-section (1), in clause (b), after the words “supply of goods or services or both”, the words “for authorised operations” shall be inserted; (b) for sub-section (3), the following sub-sections shall be substituted, namely:–– “(3) A registered person making zero rated supply shall be eligible to claim refund of unutilised input tax credit on supply of goods or services or both, without payment of integrated tax, under bond or Letter of Undertaking, in accordance with the provisions of section 54 of the Central Goods and Services Tax Act or the rules made thereunder, subject to such conditions, safeguards and procedure as may be prescribed: Provided that the registered person making zero rated supply of goods shall, in case of non-realisation of sale proceeds, be liable to deposit the refund so received under this sub-section along with the applicable interest under section 50 of the Central Goods and Services Tax Act within thirty days after the expiry of the time limit prescribed under the Foreign Exchange Management Act, 1999 (42 of 1999) for receipt of foreign exchange remittances, in such manner as may be prescribed. (4) The Government may, on the recommendation of the Council, and subject to such conditions, safeguards and procedures, by notification, specify–– (i) a class of persons who may make zero rated supply on payment of integrated tax and claim refund of the tax so paid; (ii) a class of goods or services which may be exported on payment of integrated tax and the supplier of such goods or services may claim the refund of tax so paid.”. | English |
Notification No.01/2023 of Integrated Tax, Dated 31 July 2023
Automated IGST Refund restricted for Tobacoo and PAN masala
notifies all goods or services (except the goods specified in column (3) of the TABLE below) as the class of goods or services which may be exported on payment of integrated tax and on which the supplier of such goods or services may claim the refund of tax so paid:
This notification shall come into force with effect from the 1st day of October, 2023.