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Date: 30-Sep-2024 Category: Extra Ordinary State: Union Government Country: India

notification

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

Notification 18/2024 - Central Tax

  • This notification empowers the Principal Bench of the Appellate Tribunal, constituted under sub-section (3) of section 109 of the Central Goods and Services Tax Act, 2017 (CGST Act), to examine whether input tax credits (ITC) availed by registered persons or tax rate reductions have resulted in commensurate price reductions for supplied goods or services.
  • The examination will focus on whether the ITC availed or tax rate reduction has led to a proportional decrease in the price of goods or services provided by the registered person.
  • This notification takes effect from October 1, 2024.

Notification 19/2024 - Central Tax

  • This notification sets April 1, 2025, as the date after which the Authority (mentioned in section 171 of the CGST Act) will no longer accept requests for examination regarding whether ITC availed or tax rate reductions have resulted in commensurate price reductions.
  • This means that after April 1, 2025, the Authority will cease to investigate whether ITC or tax rate reductions have led to proportional price decreases for goods or services.
  • This notification comes into force on the date of its publication in the Official Gazette.

Impact Analysis

Impact on Registered Businesses

  • Potential for increased scrutiny and potential penalties if the correlation between ITC and price reduction is not evident before April 1, 2025.

Impact on the Appellate Tribunal

  • After April 1, 2025, the workload related to this specific type of examination will decrease.

Impact on the Government

  • The government needs to allocate sufficient resources to support the Tribunal's increased workload until April 1, 2025.

Key Entities Referenced

Central Goods and Services Tax Act, 2017 (CGST Act): The primary legislation governing the Goods and Services Tax in India. Sections 109 and 171 are specifically referenced in the notifications. Central Board of Indirect Taxes and Customs (CBIC): The agency responsible for administering indirect taxes in India, including GST. The notifications are issued by the CBIC. Goods and Services Tax Council: The body that makes recommendations on GST matters to the Central Government. The notifications mention that these are based on the Council's recommendations. Appellate Tribunal: The body empowered to examine the relationship between ITC and price reductions, as per the notifications.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-30092024-257601 CG-DxLx-xEG-I3D0H0x9x2x0 24-257601 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 3910] नई दिल्ली, सोमिार, जसतम्ब र 30, 2024/आज‍ि न 8, 1946 No. 3910] NEW DELHI, MONDAY, SEPTEMBER 30, 2024/ASVINA 8, 1946 जित्त मत्रं ालय (रािस्ट्ि जिभाग) (केंद्रीय अप्रत्यक्ष कर और सीमािल्ु क बोडड) अजधसचू ना नई दिल्ली, 30 जसतम्ब र, 2024 स.ं 18/2024-केंद्रीय कर का.आ. 4268(अ).—केंद्रीय सरकार, केंद्रीय माल और सेिाकर अजधजनयम, 2017 (2017 का 12) (जिस े इसम ें इसके पश्चात ् उक्त अजधजनयम कहा गया ह)ै की धारा 171 की उपधारा (2) द्वारा प्रित्त िजक्तयों का प्रयोग करत े हुए, धारा 109 की उपधारा (1) और उपधारा (5) के िसू रे परंतुक के साथ पठित, माल और सेिाकर पठरषि ्की जसफाठरिों पर, उक्त अजधजनयम की धारा 109 की उपधारा (3) के अधीन गठित, अपील अजधकरण की प्रधान न्यायपीि को, दकसी रजिस्ट्रीकृत व्यजक्त द्वारा जलय े गय े इनपुट कर प्रत्यय या कर िर में कटौती िास्ट्तजिक रूप से उस रजिस्ट्रीकृत व्यजक्त द्वारा प्रिाय की गई माल या सेिाओं या िोनों की कीमत में समरूप कटौती म ेंपठरणत हुई है, की िांच करने के जलए सिक्त करती ह ै। 2. यह अजधसूचना 1 अक्तूबर, 2024 से प्रिृत्त होगी । [फा. सं. सीबीआईसी-20016/25/2024-िीएसटी] राघिेन्द्र पाल ससंह, जनिेिक 6348 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 30th September, 2024 No. 18/2024 – Central Tax S.O. 4268(E).—In exercise of the powers conferred by sub-section (2) of section 171 read with sub-section (1) and second proviso to sub-section (5) of section 109 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said Act), the Central Government, on the recommendations of the Goods and Services Tax Council, hereby empowers the Principal Bench of the Appellate Tribunal, constituted under sub-section (3) of section 109 of the said Act, to examine whether input tax credits availed by any registered person or the reduction in the tax rate have actually resulted in a commensurate reduction in the price of the goods or services or both supplied by that registered person. 2. This notification shall come into force with effect from the 1st day of October, 2024. [F. No. CBIC-20016/25/2024-GST] RAGHAVENDRA PAL SINGH, Director अजधसचू ना नई दिल्ली, 30 जसतम्ब र, 2024 स.ं 19/2024-केंद्रीय कर का.आ.4269(अ).—केंद्रीय सरकार, केंद्रीय माल और सेिाकर अजधजनयम, 2017 (2017 का 12) की धारा 171 की उपधारा (2)के परंतुक द्वारा प्रित्त िजक्तयों का प्रयोग करते हुए, माल और सेिाकर पठरषि ्की जसफाठरिों पर, 1 अप्रलै , 2025 को उस तारीख के रूप में जनयत करती ह ै जिससे उक्त धारा म ें जनर्िष्टड प्राजधकारी इस बारे में िांच के जलए कोई अनुरोध स्ट्िीकार नहीं करेगा दक क्या दकसी रजिस्ट्रीकृत व्यजक्त द्वारा जलया गया इनपुट कर प्रत्यय या कर िर म ें कटौती िास्ट्तजिक रूप से उस रजिस्ट्रीकृत व्यजक्त द्वारा प्रिाय की गई माल या सेिाओं या िोनों की कीमत में समरूप कटौती म ें पठरणत हुई ह ै। 2. यह अजधसूचना रािपत्र के प्रकािन की तारीख से प्रिृत्त होगी । [फा. सं. सीबीआईसी-20016/25/2024-िीएसटी] राघिेन्द्र पाल ससंह, जनिेिक NOTIFICATION New Delhi, the 30th September, 2024 No. 19/2024 – Central Tax S.O. 4269(E).—In exercise of the powers conferred by proviso to sub-section (2) of section 171 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Goods and Services Tax Council, hereby appoints the 1st day of April, 2025 as the date from which the Authority referred to in the said section shall not accept any request for examination as to whether input tax credits availed by any registered person or the reduction in the tax rate have actually resulted in a commensurate reduction in the price of the goods or services or both supplied by that registered person. 2. This notification shall come into force on the date of its publication in the Official Gazette. [F. No. CBIC-20016/25/2024-GST] RAGHAVENDRA PAL SINGH, Director 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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