GST Compliance Shift: Deadline Extension

Empowered Amendments via G.S.R (E): Central Government leverages authority under section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), enacting crucial amendments based on Council recommendations.

Notification Revisions in G.S.R. 249(E): Key changes introduced to the earlier notification (No. 06/2023– Central Tax, dated 31st March, 2023) are highlighted in the Gazette of India, Extraordinary, Section 3, Sub-section (i), vide number G.S.R. 249(E), dated 31st March, 2023.

Proviso Language Replacement: The original mention of "30th June, 2023" in the notification is substituted with "31st August, 2023," signaling an extension of compliance timelines.

Deemed Implementation and Official Gazette Entry: The revised notification is retroactively deemed effective from 30th June, 2023, with the official publication in the Gazette of India solidifying its regulatory standing.

Issuance by Director Alok Kumar: Director Alok Kumar issues the directive, adding an official endorsement to the compliance adjustments necessitated by the extension.

Clarity for Stakeholders: Businesses and stakeholders are urged to realign their strategies, considering the altered regulatory landscape and adjusted deadlines.

Facilitating Transition: The extended timeline provides a grace period for affected entities to adapt to the modified compliance requirements, fostering a smoother transition.