01.08.2023: Gist various notifications dated 31st July, 2023, issued to give effect to recommendations of 50th GST Council Meeting

The CBIC has issued various notifications dated 31st July, 2023, to give effect to the recommendation as discussed by the GST Council in its 50th GST Council meeting held on 11th July. The notifications are as under:

1. Notification No. 31/2023-Central Tax:  The CBIC notified to implement a Pilot based program to take place in the Union Territory of Puducherry to evaluate the effectiveness of risk-based biometric Aadhaar authentication for registration applicants.

Earlier vide Notification No. 27/2022-Central Tax dated 26.12.2022, the same was made applicable for the State of Gujarat. 

The Notification can be accessed at https://taxo.online/wp-content/uploads/2023/08/31_2023-Central-Tax.pdf

2. Notification No. 32/2023-Central Tax: The CBIC provided relaxation in filing GST Annual return for the Financial year 2022-23, by exempting the taxpayers having Annual turnover upto Rs.2 crore rupees, from filing return in FORM GSTR-9/9A. 

The Notification can be accessed at https://taxo.online/wp-content/uploads/2023/08/32_2023-Central-Tax.pdf

3. Notification No. 33/2023-Central Tax: The CBIC notified “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. The Notification shall be effective w.e.f. 01st October, 2023. 

The Notification can be accessed at https://taxo.online/wp-content/uploads/2023/08/33_2023-Central-Tax.pdf

4. Notification No. 34/2023-Central Tax:  The CBIC has provided relaxation from mandatory registration to micro-enterprises making sales through E-Commerce platforms. The relaxation is provided to persons making supplies of goods through E-commerce operator, and having aggregate turnover not exceeding threshold limit for registration, subject to fulfillment of certain conditions like person shall not make any inter-state supplies of goods, no supply of goods through E-commerce operator in more than one State or Union territory. 

The Notification can be accessed at https://taxo.online/wp-content/uploads/2023/08/34_2023-Central-Tax.pdf

5. Notification No. 01/2023-Integrated Tax: The CBIC provided restriction of IGST refund route in respect of exports of Pan masala, Tobacco and Mentha oil. 

The Notification can be accessed at https://taxo.online/wp-content/uploads/2023/08/01_2023-Integrated-Ta.pdf

Register Today