Important Keyword: Corrigendum Notification 09/2024 – Central Tax (Rate), immovable property GST, GST corrigendum October 2024, Finodha GST assistance,
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Table of Contents
[F. No. 190354/149/2024 – TO (TRU-II)-Part-I CBEC]
Government of India
Ministry of Finance
(Department of Revenue)
New Delhi, the 22nd October, 2024
Corrigendum Notification No. 09/2024 – Central Tax (Rate): To read any immovable property for any property, as mentioned in Notification No. 09/2024 – CT(R)
GST [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]
GSR……(E).- In the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No.09/2024-Central Tax (Rate), dated the 8th October, 2024, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number
G.S.R. 623(E), dated the 8th October, 2024, at page number 24, against serial number 5AB, in the table, in column (2) in the line 12, for “any property” read “any immovable property”.
(Dilmil Singh Soach)
Under Secretary to the Government of India
📚 Frequently Asked Questions (FAQs): Corrigendum Notification No. 09/2024- Central Tax (Rate)
Q1: 🔍 What is Corrigendum Notification No. 09/2024-Central Tax (Rate)?
Answer:
Corrigendum Notification No. 09/2024-Central Tax (Rate), dated 22nd October 2024, was issued to correct a textual error in the original Notification No. 09/2024 dated 8th October 2024. Specifically, it amends the phrase “any property” to “any immovable property” against serial number 5AB in the referenced table. This change is crucial for clarity in tax applicability on immovable properties.
Q2: 🧾 What was the original notification about?
Answer:
The original Notification No. 09/2024-Central Tax (Rate) dealt with tax provisions related to services associated with properties. The corrigendum ensures accurate interpretation by specifying that the term refers to “any immovable property.”
Q3: 🛑 Why was the correction from “any property” to “any immovable property” important?
Answer:
The correction eliminates ambiguity. The term “any property” could include movable and intangible assets. By explicitly stating “any immovable property,” it aligns the interpretation with GST laws applicable to property-related services such as renting or leasing.
Q4: 🗓️ When was the corrigendum published?
Answer:
The corrigendum was published on 22nd October 2024 in the Gazette of India, making it a valid legal document for all stakeholders, including tax consultants, businesses, and authorities.
Q5: 🏢 Who should take note of this amendment?
Answer:
GST-registered businesses, property lessors, tax professionals, chartered accountants, and developers should all review this corrigendum to ensure accurate compliance and correct GST treatment in their filings.
Q6: 📋 What does “serial number 5AB” refer to in the corrigendum?
Answer:
It refers to a specific entry in the table under the original Notification No. 09/2024-Central Tax (Rate). The correction applies to column (2), line 12 of that serial number—where the term “any property” is corrected to “any immovable property.”
Q7: 💼 How does this impact GST applicability on services related to property?
Answer:
With the correction, only services linked to “immovable property” are affected under this notification. This clarification impacts GST rates, registration thresholds, and invoicing structures for related transactions.
Q8: 🔧 What is the legal authority for such corrigendum?
Answer:
As per the Gazette format, the corrigendum was issued under the authority of the Department of Revenue, Ministry of Finance, backed by file number F.No. 190354/149/2024-TO (TRU-II)-Part-I.
Q9: 🧠 Where can I get expert assistance to comply with this update?
Answer:
For reliable GST compliance, advisory, and return filing services, visit:
🧾 GST Compliance Help – https://finodha.in/gst-compliance/
📝 GST Return Filing – https://finodha.in/gst-return-filing/
📥 Online GST Registration – https://finodha.in/online-gst-registration/
💼 Setup Business – https://finodha.in/setup-business/
📊 GST Expert Services – www.Finodha.in
Q10: 🌐 Is there any risk in ignoring such corrigenda?
Answer:
Yes, failing to consider corrigenda may lead to incorrect tax treatment, notices from tax authorities, interest, and penalties. Staying up to date with GST amendments and seeking expert guidance is strongly recommended.
🧩 Summary:
Corrigendum Notification No. 09/2024-CT(R) ensures that GST law reflects the correct terminology “immovable property,” aligning with legal and practical interpretations. Such updates are vital for transparent taxation and regulatory compliance.
📘 Conclusion:
GST laws evolve constantly, and timely updates like Corrigendum Notification No. 09/2024 ensure clarity in implementation. Businesses must update documentation, contracts, and filing systems accordingly. Finodha’s team of GST professionals is equipped to assist you with seamless compliance, whether you’re a property lessor, startup, or large enterprise.
📣 Stay Compliant, Stay Ahead — Visit www.Finodha.in today for expert GST solutions.
Download PDF: Corrigendum Notification No. 09/2024 – CT(R)
More Information: https://taxinformation.cbic.gov.in/
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