Important Keywords: Notification No. 08/2024 – Central Tax: Seeks to extend the timeline for implementation of Notification No. 04/2024-CT dated 05.01.2024 from 1st April, 2024 to 15th May 2024, F. No. CBIC-20001/7/2023-GST, NOTIFICATION No. 08/2024 – Central Tax, Section 148 CGST Act 2017, Notification No. 04/2024- Central Tax.
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Table of Contents
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
New Delhi, dated the 10th April, 2024
Notification No. 08/2024 – Central Tax: Seeks to extend the timeline for implementation of Notification No. 04/2024-CT dated 05.01.2024 from 1st April, 2024 to 15th May 2024
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. 04/2024-Central Tax, dated the 5th January, 2024 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), vide number S.O. 85(E), dated the 5th January, 2024, namely:-
In the said notification, in para 4, for the words and letters “1st day of April, 2024”, the words and letters “15th day of May, 2024” shall be substituted.
2. This notification shall come into force from 1st day of April, 2024.
[F. No. CBIC-20001/7/2023-GST]
(Raghavendra Pal Singh)
Director
Note: – The principal Notification No. 04/2024- Central Tax, dated the 5th January, 2024, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), vide number S.O. 85(E), dated the 5th January, 2024.
Frequently Asked Questions (FAQs)
Q1: What is Notification No. 08/2024 – Central Tax?
Answer:
Notification No. 08/2024 – Central Tax extends the implementation timeline of Notification No. 04/2024-CT from April 1, 2024, to May 15, 2024. This provides additional time for taxpayers and businesses to comply with the changes introduced in Notification No. 04/2024-CT.
💡 Need expert guidance? Consult a GST professional at Finodha for compliance support.
Q2: Why has the timeline been extended under Notification No. 08/2024 – Central Tax?
Answer:
The government has extended the implementation timeline to:
✔️ Allow businesses sufficient time to adapt to regulatory changes.
✔️ Provide a smoother transition and prevent disruptions in compliance.
✔️ Address technical or operational challenges faced by taxpayers.
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Q3: Who will benefit from this extension under Notification No. 08/2024 – Central Tax?
Answer:
✅ Businesses and taxpayers affected by Notification No. 04/2024-CT.
✅ Companies that needed additional time to implement compliance measures.
✅ GST-registered entities looking to avoid penalties or disruptions.
💡 Get professional GST registration assistance for hassle-free compliance.
Q4: What changes were introduced in Notification No. 04/2024-CT that now have an extended timeline?
Answer:
Notification No. 04/2024-CT introduced amendments that impact GST compliance, tax structures, or procedural aspects. With this extension, businesses now have until May 15, 2024, to ensure full compliance.
📌 Understand how these changes affect your GST filings with expert advice.
Q5: Does this extension affect GST return filing deadlines?
Answer:
No, this notification only extends the timeline for implementing Notification No. 04/2024-CT. Businesses must still file their GST returns on time to avoid late fees and penalties.
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Q6: How should businesses prepare for the new deadline of May 15, 2024?
Answer:
✔️ Review changes in Notification No. 04/2024-CT and assess how they impact your business.
✔️ Ensure internal compliance processes are updated accordingly.
✔️ Seek expert guidance to avoid last-minute complications.
📌 Need help preparing for compliance? Finodha’s experts can assist.
Q7: What happens if businesses fail to comply by May 15, 2024?
Answer:
🚨 Non-compliance after May 15, 2024, may lead to:
✔️ Penalties or fines under GST regulations.
✔️ Legal consequences for continued non-compliance.
✔️ Operational disruptions due to non-alignment with new GST norms.
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Q8: How can businesses ensure smooth compliance before the new deadline?
Answer:
✔️ Stay updated on GST notifications and regulatory changes.
✔️ Leverage professional GST services for accurate compliance.
✔️ Automate GST filings and compliance tracking to prevent errors.
💡 Finodha’s GST experts provide end-to-end GST compliance solutions.
Q9: Where can I find the official Notification No. 08/2024 – Central Tax?
Answer:
📌 The official notification can be accessed on:
✔️ CBIC Website: www.cbic.gov.in
✔️ GST Portal: www.gst.gov.in
💡 Need help interpreting the notification? Finodha’s GST experts can guide you.
Q10: How can Finodha help with GST compliance for my business?
Answer:
✅ Expert GST consultation for businesses of all sizes.
✅ Hassle-free GST return filing to avoid penalties.
✅ Simplified GST registration for new businesses.
✅ Real-time GST updates to keep you compliant with the latest rules.
📌 Get in touch with Finodha for personalized GST solutions.
Download PDF: Notification No. 08/2024 – Central Tax
More Information: https://taxinformation.cbic.gov.in/
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