Important Keywords: Notification 34/2023 CT, Notification No. 34/2023 – Central Tax, Mandatory registration, Section 24(ix) CGST, F. No. CBIC 20006/20/2023 GST, Section 23(2) CGST, Section 52 CGST, Section 22(1) CGST, Section 25(2) CGST,
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Table of Contents
[F. No. CBIC-20006/20/2023-GST]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
New Delhi, dated the 31st July, 2023
Notification No. 34/2023 – Central Tax: Seeks to waive the requirement of mandatory registration under section 24(ix) of CGST Act for person supplying goods through ECOs, subject to certain conditions.
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 sub-section (2) of section 23 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter referred to as the said Act), the Central Government, on the recommendations of the Council,
hereby specifies the persons making supplies of goods through an electronic commerce operator who is required to collect tax at source under section 52 of the said Act and having an aggregate turnover in the preceding financial year and in the current financial year not exceeding the amount of aggregate turnover above which a supplier is liable to be registered in the State or Union territory in accordance with the provisions of sub-section (1) of section 22 of the said Act, as the category of persons exempted from obtaining registration under the said Act, subject to the following conditions, namely: —
- such persons shall not make any inter-State supply of goods;
- such persons shall not make supply of goods through electronic commerce operator in more than one State or Union territory;
- such persons shall be required to have a Permanent Account Number issued under the Income Tax Act, 1961 (43 of 1961);
- such persons shall, before making any supply of goods through electronic commerce operator, declare on the common portal their Permanent Account Number issued under the Income Tax Act, 1961 (43 of 1961), address of their place of business and the State or Union territory in which such persons seek to make such supply, which shall be subjected to validation on the common portal;
- such persons have been granted an enrolment number on the common portal on successful validation of the Permanent Account Number declared as per clause (iv);
- such persons shall not be granted more than one enrolment number in a State or Union territory;
- no supply of goods shall be made by such persons through electronic commerce operator unless such persons have been granted an enrolment number on the common portal; and
- where such persons are subsequently granted registration under section 25 of the said Act, the enrolment number shall cease to be valid from the effective date of registration.
2. This notification shall come into force with effect from the 1st day of October, 2023.
(Alok Kumar)
Director
Frequently Asked Questions (FAQs)
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What is Notification No. 34/2023 – Central Tax?
Notification No. 34/2023 – Central Tax is a regulatory update that waives the requirement of mandatory registration under section 24(ix) of the CGST Act for certain individuals supplying goods through electronic commerce operators (ECO).
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Who does Notification 34/2023 CT apply to?
Notification 34/2023 CT applies to persons supplying goods through electronic commerce operators, allowing them to operate without mandatory registration under specific conditions.
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What is the significance of mandatory registration under section 24(ix) of the CGST Act?
Mandatory registration under section 24(ix) of the CGST Act is typically required for individuals engaged in the supply of goods through an ECO, ensuring compliance with tax regulations.
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What conditions must be met to benefit from Notification No. 34/2023 – Central Tax?
To benefit from Notification No. 34/2023 – Central Tax, suppliers must adhere to specified conditions outlined in the notification, ensuring that their operations align with regulatory standards.
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How does Notification 34/2023 CT impact small suppliers?
Notification 34/2023 CT provides relief to small suppliers by waiving the mandatory registration requirement, reducing compliance burdens and fostering business growth through ECOs.
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What should suppliers know about section 24(ix) of the CGST Act after Notification No. 34/2023 – Central Tax?
Suppliers should know that while section 24(ix) of the CGST Act typically necessitates registration for ECO suppliers, Notification No. 34/2023 – Central Tax offers an exemption under certain conditions.
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Can suppliers still choose to register voluntarily under the CGST Act after Notification 34/2023 CT?
Yes, suppliers can still choose to register voluntarily under the CGST Act even if they qualify for the waiver under Notification 34/2023 CT, depending on their business needs.
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What are the potential benefits of not needing mandatory registration under section 24(ix) of the CGST Act?
The potential benefits include reduced compliance costs, easier access to market opportunities through ECOs, and the ability to focus resources on business growth rather than regulatory adherence.
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How can suppliers stay informed about the conditions set forth in Notification No. 34/2023 – Central Tax?
Suppliers can stay informed by regularly consulting official tax websites, attending webinars, or seeking guidance from tax professionals to understand the requirements and implications of Notification No. 34/2023 – Central Tax.
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Where can I find more information about Notification 34/2023 CT and its implications?
More information about Notification 34/2023 CT can be found on the official government tax website, through notifications issued by the GST Council, or by consulting a tax expert for detailed insights.
The above content & below document is sourced from: https://taxinformation.cbic.gov.in/
