Notification No. 29/2018 – Central Tax Explained

Want to File ITR, GST Returns & Pvt. Ltd. Registration

Notification No. 29/2018 – Central Tax: Seek to make amendments (Seventh Amendment, 2018) to the CGST Rules, 2017

GST: [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]

G.S.R……(E).- In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017, namely:-

1. (1) These rules may be called the Central Goods and Services Tax (Seventh Amendment) Rules, 2018.
(2) They shall be deemed to have come into force with effect from the 12^th day of June, 2018.

2. In the Central Goods and Services Tax Rules, 2017, -

in rule 125, for the words “Directorate General of Safeguards”, the words “Directorate General of Anti-profiteering” shall be substituted;

in rule 129, for the words “Director General of Safeguards”, wherever they occur, the words “Director General of Anti-profiteering” shall be substituted;

in rule 130, in sub-rule (2), for the words “Director General of Safeguards”, at both places where they occur, the words “Director General of Anti-profiteering” shall be substituted;

in rule 131, for the words “Director General of Safeguards”, the words “Director General of Anti-profiteering” shall be substituted;

in rule 132, in sub-rule (1), for the words “Director General of Safeguards”, the words “Director General of Anti-profiteering” shall be substituted;

in rule 133, for the words “Director General of Safeguards”, wherever they occur, the words “Director General of Anti-profiteering” shall be substituted.

(Mohit Tewari)
Under Secretary to the
Government of India

Note:- The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub- section (i) vide notification No. 3/2017-Central Tax, dated the 19^th June, 2017, published vide number G.S.R 610 (E), dated the 19^th June, 2017 and last amended vide notification No. 28/2018-Central Tax, dated the 19^th June, 2018, published vide number G.S.R 574 (E), dated the 19^th June, 2018.

📚 Frequently Asked Questions (FAQs): Notification No. 29/2018 – Central Tax

Q1: What is Notification No. 29/2018 – Central Tax?

Answer:
It is a GST notification introducing the Seventh Amendment to CGST Rules, 2017, mainly related to anti-profiteering provisions. 29

Q2: When did this notification come into effect?

Answer:
It became effective from 12 June 2018. 29

Q3: Which section empowered this amendment?

Answer:
It was issued under Section 164 of the CGST Act, 2017. 29

Q4: What was the main change in this notification?

Answer:
The term “Directorate General of Safeguards” was replaced with
“Directorate General of Anti-profiteering” in several rules. 29

Q6: What is anti-profiteering under GST?

Answer:
It ensures businesses pass on:
GST rate reductions
ITC benefits
to customers through lower prices.

Q7: Who investigates anti-profiteering cases?

Answer:
The Directorate General of Anti-profiteering investigates such cases under GST rules.

Q8: What happens if a business does not pass GST benefits?

Answer:
Authorities may:
Order price reduction
Return excess amount to consumers
Impose penalties

Q9: Does this notification affect return filing?

Answer:
No. It mainly relates to anti-profiteering authorities and procedures.

Q10: Is this notification still relevant today?

Answer:
Yes. It forms part of the evolution of anti-profiteering rules under GST, though further amendments may have updated the framework.

Q11: What is the purpose of Rule 125?

Answer:
Rule 125 defines the authority responsible for anti-profiteering investigations.

Q12: What is the role of Rule 133?

Answer:
Rule 133 empowers the authority to:
Pass orders
Impose penalties
Direct price reductions

Q13: How can businesses stay compliant with anti-profiteering rules?

Answer:
They should:
Adjust prices after GST rate cuts
Pass ITC benefits to customers
Maintain proper cost records
Or get help from:
👉 Finodha GST Compliance Services