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Date: 09-Oct-2024 Category: Extra Ordinary State: Union Government Country: India

Central Tax Notifications

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

Description of the Gazette Notification

  • This gazette notification announces two amendments to existing Central Goods and Services Tax (CGST) notifications. Notification No. 24/2024-Central Tax amends Notification No. 5/2017-Central Tax, while Notification No. 25/2024-Central Tax amends Notification No. 50/2018-Central Tax. Both amendments relate to the supply of metal scrap (Chapters 72-81 of the Customs Tariff Act, 1975).

Key Changes

  • Notification No. 24/2024-Central Tax adds a proviso to Notification No. 5/2017-Central Tax. This proviso exempts suppliers of metal scrap (Chapters 72-81 of the Customs Tariff Act, 1975) from the notification's provisions.
  • Notification No. 25/2024-Central Tax makes two changes to Notification No. 50/2018-Central Tax: (i) It inserts a new clause (d) to include registered persons receiving metal scrap supplies from other registered persons; (ii) It replaces the third proviso to exclude supplies of goods or services between registered persons (except those specified in the newly added clause (d)) from the notification's scope.

Impact Analysis

Impact on Businesses

  • Businesses need to review their internal processes and ensure compliance with these amended notifications. This may involve updating accounting systems, reviewing contracts, and seeking professional advice if necessary.

Impact on Government

  • The amendments aim to streamline the CGST regime for metal scrap transactions. The government might see a slight decrease in tax revenue from this sector in the short term due to the exemptions, but this could be offset by improved compliance and reduced administrative costs in the long run.

Suggested Action Items

  • The government should monitor the impact of these amendments and make further adjustments if needed.

Key Entities Referenced

Central Goods and Services Tax Act, 2017 (12 of 2017): The primary legislation governing the CGST regime in India. Customs Tariff Act, 1975 (51 of 1975): The Act defining tariff classifications, including those for metal scrap (Chapters 72-81). Notification No. 5/2017-Central Tax: The original notification amended by Notification No. 24/2024-Central Tax. Notification No. 50/2018-Central Tax: The original notification amended by Notification No. 25/2024-Central Tax. Government of India, Ministry of Finance (Department of Revenue): The issuing authority of the notifications. Council: The body that recommended the amendments (likely the Goods and Services Tax Council).
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-09102024-257776 CG-DxLx-xEG-I0D9H1x0x2x0 24-257776 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 573] नई दिल्ली बधु िार, अक्त बू र 9, 2024/ आजिन 17, 1946 No. 573] NEW DELHI, WEDNESDAY, OCTOBER 9, 2024/ ASHVINA 17, 1946 जित्त मत्रं ालय (रािस्ट्ि जिभाग) अजधसचू ना नई दिल्ली, 9 अक् तूबर, 2024 सं. 24/2024-केन्द्रीय कर सा. का. जन. 628(अ).— केन्द्रीय माल एिं सेिा कर अजधजनयम, 2017 (2017 का 12) की धारा 23 की उपधारा (2) द्वारा प्रित्त िजियों का प्रयोग करते हुए, केन्द्र सरकार, पररषि की जसफाररिों के आधार पर, एतिद्वारा, भारत के रािपत्र, असाधारण, भाग II, खंड 3, उपखडं (i) म ें संख्या सा.का.जन. 607(अ), दिनांक 19 िून, 2017 के तहत प्रकाजित, भारत सरकार, जित्त मंत्रालय (रािस्ट्ि जिभाग) की अजधसूचना संख्या 5/2017-केन्द्रीय कर, दिनांक 19 िून, 2017, म ेंजनम्नजलजखत संिोधन करती ह ैअर्ाात:् - उि अजधसूचना में, पहले परै ाग्राफ के बाि, जनम्नजलजखत परंतुक अंतःस्ट्र्ाजपत दकया िाएगा:- “परंत ु इस अजधसूचना में जनजहत कोई भी बात सीमा िल्ु क टैररफ अजधजनयम, 1975 (1975 का 51) की पहली अनुसूची म ें अध्याय 72 से 81 के अतं गता आने िाले धातु स्ट्रैप की आपूर्त ा में लग ेदकसी भी व्यजि पर लागू नहीं होगी।”। 2. यह अजधसूचना 10 अक्टूबर, 2024 से प्रभािी होगी। 6508 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] [फा.सं. सीबीआईसी-190354/149/2024-टीओ(टीआरयू-II)] अमतृ ा टाइटस, उपसजचि नोट:- मलू अजधसूचना संख् यांक 5/2017-केन्द्रीय कर, दिनाकं 19 िून, 2017, भारत के रािपत्र, असाधारण, भाग II, खण्ड 3, उप-खण्ड (i) में संख्याकं सा.का.जन. 607(अ), दिनांक 19 िून, 2017 द्वारा प्रकाजित की गई र्ी। MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 9th October, 2024. No. 24/2024-Central Tax G.S.R. 628(E).— In exercise of the powers conferred by sub-section (2) of section 23 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 amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue) No. 5/2017- Central Tax, published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i) vide number G.S.R. 607(E), dated the 19th June, 2017, namely:- In the said notification, after the opening paragraph, the following proviso shall be inserted, namely :- “Provided that nothing contained in this notification shall apply to any person engaged in the supply of metal scrap, falling under Chapters 72 to 81 in the first schedule to the Customs Tariff Act, 1975 (51 of 1975).”. 2. This notification shall come into force with effect from the 10th day of October, 2024. [F No. CBIC-190354/149/2024-TO(TRU-II)] AMREETA TITUS, Dy. Secy. Note: The principal notification no. 5/2017- Central Tax was published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i) vide number G.S.R. 607(E), dated the 19th June, 2017. अजधसचू ना नई दिल्ली, 9 अक् तूबर, 2024 सं. 25/2024-केन्द्रीय कर सा. का. जन. 629 (अ).— केन्द्रीय माल और सेिा कर अजधजनयम, 2017 (2017 का 12), जिसे इस अजधसूचना में इसके पश्चात ् उि अजधजनयम कहा गया है, की धारा 51 के सार् परित धारा 1 की उप-धारा (3) द्वारा प्रित्त िजियों का प्रयोग करते हुए, केन्द् र सरकार, पररषि की जसफाररिों के आधार पर, एतिद्वारा, भारत के रािपत्र, असाधारण, भाग II, खण्ड 3, उप-खण्ड (i) म ें संख् याकं सा.का.जन. 868(अ) दिनांक 13 जसतम्बर, 2018 द्वारा प्रकाजित भारत सरकार के जित्त मंत्रालय, रािस्ट्ि जिभाग की अजधसूचना संख्या 50/2018-केन्द्रीय कर, दिनांक 13 जसतम्बर, 2018 म ें जनम्नजलजखत और संिोधन करती ह,ै अर्ाात्:- उि अजधसूचना में,- (i) प्रजिजि (ग) के पश्चात् और प्रर्म परन्द्तुक के पूिा, जनम्नजलजखत प्रजिजि अंतःस्ट्र्ाजपत की िाएंगी,-[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3 “(घ) कोई भी पंिीकृत व्यजि िो अन्द्य दकसी पंिीकृत व्यजि से, सीमा िल्ु क टैररफ अजधजनयम, 1975 (1975 का 51) की प्रर्म अनुसूची म ेंअध्याय 72 स े 81 के अन्द्तगता आन े िाले, धात ुस्ट्रैप की आपूर्त ा प्राप्त करता ह”ै ; ii) तीसरे परंतुक के स्ट्र्ान पर, जनम्नजलजखत परंतुक प्रजतस्ट्र्ाजपत दकया िाएगा, - “परंत ु दक इस अजधसूचना में कोई भी बात, उि अजधजनयम की धारा 51 की उपधारा (1) के खंड (क), (ख), (ग) और (घ) के अंतगात, इस अजधसचू ना के खंड (घ) को छोड़कर, जनर्िाि एक व्यजि से िसू रे व्यजि के बीच होने िाली िस्ट्तओंु या सेिाओं या िोनों की आपूर्त ापर लाग ूनहीं होगी।” 2. यह अजधसूचना 10 अक्टूबर, 2024 से प्रभािी होगी। [फा.सं सीबीआईसी-190354/149/2024-टीओ(टीआरयू-II)] अमतृ ा टाइटस, उपसजचि नोट:- मलू अजधसूचना संख् यांक 50/2018-केन्द्रीय कर, दिनाकं 13 जसतम्बर, 2018, भारत के रािपत्र, असाधारण, भाग II, खण्ड 3, उप-खण्ड (i) में संख्यांक सा.का.जन. 868 (अ), दिनांक 13 जसतम्बर, 2018 द्वारा प्रकाजित की गई र्ी और अंजतम बार संिोधन संख् यांक सा.का.जन. 1250 (अ), दिनांक 31 दिसम्बर, 2018 द्वारा प्रकाजित अजधसूचना संख्या 73/2018-केन्द्रीय कर, दिनांक 31 दिसम्बर, 2018 स ेदकया गया । NOTIFICATION New Delhi, the 9th October, 2024. No. 25/2024-Central Tax G.S.R. 629(E).— In exercise of the powers conferred by sub-section (3) of section 1 read with section 51 of the Central Goods and Services Tax Act, 2017 (12 of 2017), hereafter in this notification referred to as the said Act, the Central Government, on the recommendations of the Council, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance, Department of Revenue No. 50/2018-Central Tax, published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i) vide number G.S.R 868 (E), dated 13th September, 2018, namely:– In the said notification, (i) after clause (c) and before the first proviso, the following clause shall be inserted,- “(d) any registered person receiving supplies of metal scrap falling under Chapters 72 to 81 in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), from other registered person”; (ii) for the third proviso, the following proviso shall be substituted, namely- “Provided also that nothing in this notification shall apply to the supply of goods or services or both, which takes place between one person to another person specified under clauses (a), (b), (c) and (d) of sub-section (1) of Section 51 of the said Act, except the person referred to in clause (d) of this notification.” 2. This notification shall come into force with effect from the 10th day of October, 2024. [F No. CBIC-190354/149/2024-TO(TRU-II)] AMREETA TITUS, Dy. Secy. Note:- The principal notification no. 50/2018- Central Tax, was published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i) vide number G.S.R 868 (E), dated 13th September, 2018 and last amended vide notification no. 73/2018-Central Tax, number G.S.R 1250(E), dated 31st December, 2018. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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