GST Update
CGST seeks to make fourth amendment to CGST Rules w.e.f. 01.12.2022
The Central Board of Indirect Taxes & Customs (CBIC) has come up with a notification issued as on 23rd November 2022 under the Goods and Services Tax (GST). In exercise of the powers conferred by Section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017, namely: —
- Short title and commencement —(1) These rules may be called the Central Goods and Services Tax (Fourth Amendment) Rules, 2022.
(2) They shall come into force with effect from 1st day of December, 2022.
- In the Central Goods and Services Tax Rules, 2017, —
(a) rule 122 shall be omitted;
(b) rules 124 and 125 shall be omitted;
(c) in rule 127,-
(i) in the marginal heading, for the word “Duties”, the word “Functions”, shall be substituted;
(ii) for the words “It shall be the duty of the Authority, -”, the words “The authority shall discharge the following functions, namely: –” shall be substituted;
(d) rule 134 shall be omitted;
(e) rule 137 shall be omitted;
(f) after rule 137, in the Explanation, for clause (a), the following clause shall be substituted, namely:–
‘(a) “Authority” means the Authority notified under sub-section (2) of section 171 of the Act;’.
This was all about the GST notification issued by the Central Board of Indirect Taxes & Customs (CBIC). To know what is mentioned under Section 164 of CGST Act, continue reading.
Section 164 of CGST Act
Section 164 of Central Goods and Services Tax relates to “Power of Government to make rules”
- (1) The Government may, on the recommendations of the Council, by notification, make rules for carrying out the provisions of this Act.
(2) Without prejudice to the generality of the provisions of sub-section (1), the Government may make rules for all or any of the matters which by this Act are required to be, or maybe, prescribed or in respect of which provisions are to be or may be made by rules.
(3) The power to make rules conferred by this section shall include the power to give retrospective effect to the rules or any of them from a date not earlier than the date on which the provisions of this Act come into force.
(4) Any rules made under sub-section (1) or sub-section (2) may provide that a contravention thereof shall be liable to a penalty not exceeding ten thousand rupees.
***********
A copy of notification no. 24/2022 is attached below, which you can look into for reference. To get all the updates from the CBIC department, stay tuned with EAdvisors Blogs. You will get all the updates and news on daily basis. So, stay tuned and stay updated.
