New GST Notifications Dated 10 July 2024 Notified GST Amendments in Returns & Rules

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The GST Council held its 53rd meeting, during which it proposed over 50 amendments aimed at improving the Goods and Services Tax (GST) framework in India. These recommendations have now been formalized through various notifications released on 10 July 2024. Below is a detailed summary of these significant changes:




NumberDateSubjectDownload
15/2024-Central Tax10-Jul-2024Seeks to amend Notification No. 52/2018-Central Tax, dated 20.09.2018.English
हिन्दी
14/2024-Central Tax10-Jul-2024Seeks to exempt the registered person whose aggregate turnover in FY 2023-24 is upto Rs. two crores, from filing annual return for the said financial year.English
हिन्दी
13/2024-Central Tax10-Jul-2024Seeks to rescind Notification no. 27/2022-Central Tax dated 26.12.2022.English
हिन्दी
12/2024-Central Tax10-Jul-2024Seeks to make amendments (Amendment, 2024) to the CGST Rules, 2017.English
हिन्दी

Notification No.12/2024 (Central Tax) Dated 10 July 2024

Below is Brief click here to read in Detail

The notification introduces several amendments to the Central Goods and Services Tax (CGST) Rules, 2017 & New Changes in Forms notified. Below are some point-wise changes:

Short Title and Commencement:

  • These rules are called the Central Goods and Services Tax (Amendment) Rules, 2024.
  • They come into force on the date of their publication in the Official Gazette .

Amendment in Rule 8 – Application for Registration:

  • Sub-rule (4A): After the first proviso, a new proviso is inserted:
    • For applicants not opting for Aadhaar authentication, a photograph of the applicant (or relevant individuals) must be taken.
    • Verification of the original documents uploaded with FORM GST REG-01 must be done at designated Facilitation Centers.
    • The application will be deemed complete only after successful verification .

Amendment in Rule 21 – Cancellation of Registration:

  • Clause (f): After the words, letters, and figures “FORM GSTR-1”, the letters, words, and figures “, as” are added .

Amendment in FORM GSTR-4:

  • In the instructions, at Sr. No. 2, after the words “end of such financial year”, the words and letters “for the financial year up to FY 2023-24. Further, the details in FORM GSTR-4, for every financial year or part thereof, should be furnished till the 30th day of June following the end of such financial year for the financial year 2024-25 onwards.” are inserted .

Amendment in FORM GSTR-1A:

  • For the brackets, letters, words, and figures “(Auto-drafted from GSTR-1, GSTR-5 and GSTR-7)”, the substitution is made with “(Auto-drafted from GSTR-1, GSTR-1A, GSTR-5 and GSTR-7)” .

Amendment in FORM GSTR-1 Table 5:

  • With effect from 1st August 2024:
    • Serial Number 6: In the heading, the figures, letters, and words “Rs. 2.5 lakh” are substituted with “Rs. 1 lakh”.
    • Serial Number 7: In the table, in clause (7B), in the heading, the figures, letters, and words “Rs. 2.5 Lakh” are substituted with “Rs. 1 lakh” .

Amendment in FORM GSTR-7:

  • Table 3: The table is substituted with a new format for capturing GSTIN, invoice details, amount paid to deductee, and the amount of tax deducted at source.
  • Table 4: A new table format is introduced to capture similar details as Table 3 .

Amendment in FORM GSTR-9:

  • Pt. II, Sl. No. 4: A new entry “G1 Supplies on which e-commerce operator is required to pay tax as per section 9(5)” is added.
  • Sl. No. 5: A new entry “C1 Supplies on which tax is to be paid by e-commerce operators as per section 9(5) [Supplier to report]” is added.
  • Instructions, Paragraph 4: The words “or FY 2023-24” are inserted after “or FY 2022-23” .

Amendment in Rule 21A – Suspension of Registration:

  • Sub-rule (2A): After the first proviso, a new proviso is inserted to specify conditions under which suspension of registration may be lifted .

More in the notification

Notification No.13/2024 (Central Tax) Dated 10 July 2024

In pursuance of the powers conferred by sub-rule (4B) of rule 8 of the Central Goods and Services Tax Rules, 2017, the Central Government, on the recommendations of the Council, hereby rescinds the notification of the Government of India in the Ministry of Finance, Department of Revenue, number 27/2022-Central Tax, dated the 26th December, 2022 published vide number G.S.R 903(E), in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 26th December, 2022, except as respects things done or omitted to be done before such rescission.

  1. This notification shall come into force from the date of its publication in Official Gazette.

This means Now Bio metric authentication is mandatory for New GST Registration not only in Gujarat but in whole India

Notification No.14/2024 (Central Tax) Dated 10 July 2024

Annual Return Exemption

Notification No. 14/2024-Central Tax (G.S.R. 378(E)): This notification exempts registered persons with an aggregate turnover of up to two crore rupees in the financial year 2023-24 from filing annual returns. This is a significant relief for small businesses, reducing their compliance burden​

Notification No.15/2024 (Central Tax) Dated 10 July 2024

Central Tax Adjustments

Notification No. 15/2024-Central Tax (G.S.R. 379(E)): Similar to the Union Territory Tax adjustment, this notification amends the Notification No. 52/2018-Central Tax by changing the tax rate from “half per cent” to “0.25 per cent”. This adjustment aims to streamline tax rates across different categories​

That mean TCS Rate is reduced form 1% to .5% w.e.f from 10th July 2024

Other

Integrated Tax Adjustments

Notification No. 01/2024-Integrated Tax (G.S.R. 380(E)): This amendment adjusts the tax rate in Notification No. 02/2018-Integrated Tax from “one per cent” to “half per cent”, ensuring consistency across different tax regimes​.

Union Territory Tax Adjustments

Notification No. 01/2024-Union Territory Tax (G.S.R. 381(E)): This notification amends the principal Notification No. 12/2018-Union Territory Tax by reducing the tax rate from “half per cent” to “0.25 per cent”. This change is effective from the date of publication in the official gazette​

Download All notifications:

for Hindi notifications Page 1 to 56

For English notification Page 57 to 101

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Pooja Gupta

CA Pooja Gupta (CA, ISA, M.com) having 15 years of experience. Educator and Digital Creator

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CA Pooja Gupta (CA, ISA, M.com) having 15 years of experience. Educator and Digital Creator

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