Important Keyword: Notification No. 47/2023 – Central Tax, CGST Amendment 2023, GST Special Procedure, January 2024 GST update, Finodha GST Expert,
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[F. No. CBIC-20013/7/2021-GST]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
New Delhi, dated the 25th September, 2023
Notification No. 47/2023 – Central Tax: Seeks to amend Notification No. 30/2023-CT dated 31st July, 2023
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)]
S.O….(E).—In exercise of the powers conferred by section 148 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 Council, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 30/2023-Central Tax, dated the 31st July, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide number S.O. 3424(E), dated the 31st July, 2023, namely:-
In the said notification, after the words “ hereby notifies the following special procedure to be followed” the words and figures “ with effect from 1st day of January 2024” shall be inserted and shall be deemed to have been inserted with effect from the 31st July 2023.
(Raghavendra Pal Singh)
Director
Note: – The principal Notification No. 30/2023- Central Tax, dated the 31st July, 2023, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), vide number S.O 3424(E), dated the 31stJuly, 2023.
📚 Frequently Asked Questions (FAQs): Notification No. 47/2023 – Central Tax
Q1: What is Notification No. 47/2023 – Central Tax all about?
Answer:
📰 This notification, issued on 25th September 2023, modifies Notification No. 30/2023 – Central Tax. It clarifies that the special procedure under CGST will officially be applicable from 1st January 2024. This amendment, although made in September, is deemed to have been inserted from 31st July 2023.
Q2: Which earlier notification is being amended by Notification No. 47/2023?
Answer:
📑 It amends Notification No. 30/2023 – Central Tax dated 31st July 2023, adding that the special procedure outlined therein becomes applicable from 1st January 2024.
Q3: What does “deemed to have been inserted” imply in this context?
Answer:
✅ It means that although the amendment (inserting the effective date) was officially issued on 25th September, it is considered legally effective as if it had been part of the original Notification No. 30/2023 from 31st July 2023.
Q4: What is the effective date for the special procedure introduced?
Answer:
📆 The special procedure referred to in the original notification will come into force on 1st January 2024, as now clarified by this notification.
Q5: Who issued Notification No. 47/2023 – Central Tax?
Answer:
🏛️ It was issued by the Central Government under the Ministry of Finance, based on recommendations by the GST Council, and signed by the Director, Raghavendra Pal Singh.
Q6: What is the relevance of Section 148 of the CGST Act in this Notification?
Answer:
📘 Section 148 empowers the government to notify special procedures for certain classes of registered persons. Notification No. 47/2023 uses this power to specify the application date of such procedures.
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🔚 Summary
Notification No. 47/2023 – Central Tax is a crucial update that clarifies the commencement of a special GST compliance procedure effective from 1st January 2024. Businesses and professionals should align their processes accordingly and consult a GST expert to stay fully compliant.
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Download PDF: Notification No. 47/2023 – Central Tax
More Information: https://taxinformation.cbic.gov.in/
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