Important Keyword: CGST Amendment Act 2023, Notification No. 48/2023 – Central Tax, GST law changes, GST amendment October 2023, GST compliance, GST updates India
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[F. No. CBIC-20016/29/2023-GST]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
New Delhi, dated the 29th September, 2023.
Notification No. 48/2023 – Central Tax: Seeks to notify the provisions of the Central Goods and Services Tax (Amendment) Act, 2023
[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 1 of the Central Goods and Services Tax (Amendment) Act, 2023 (30 of 2023), the Central Government hereby appoints the 1st day of October, 2023, as the date on which the provisions of the said Act, shall come into force.
(Raghavendra Pal Singh)
Director
📚 Frequently Asked Questions (FAQs): Notification No. 48/2023 – Central Tax
Q1: 📅 What is Notification No. 48/2023 – Central Tax all about?
Answer:
Notification No. 48/2023 – Central Tax, dated 29th September 2023, was issued by the Ministry of Finance to notify that the provisions of the CGST (Amendment) Act, 2023 will come into force from 1st October 2023. This formalizes the activation of the revised GST provisions passed earlier in the year.
Q2: 🔍 What is the CGST (Amendment) Act, 2023?
Answer:
The CGST (Amendment) Act, 2023 is legislation that brings changes to various provisions of the original CGST Act, 2017. These amendments may cover aspects like tax liability on specific services, clarity on tax definitions, procedural changes, and digital compliance enhancements.
Q3: 🕰️ When do the new provisions take effect?
Answer:
As per Notification No. 48/2023 – Central Tax, all provisions of the CGST (Amendment) Act, 2023 became effective from 1st October 2023.
Q4: 🧾 Do businesses need to take any specific compliance steps due to this notification?
Answer:
Yes, businesses should review the amendments under the CGST (Amendment) Act, 2023 and ensure their billing systems, compliance reports, and input tax credit mechanisms are updated accordingly. For full compliance assistance, you can consult Finodha’s GST experts: www.Finodha.in.
Q5: 🧑💼 How can GST Professionals help businesses stay compliant with these amendments?
Answer:
GST Professionals help decode the legal changes, assess their applicability, and reconfigure systems accordingly. For guidance, visit: GST Compliance at https://finodha.in/gst-compliance/
Q6: 🧾 What Finodha services support compliance with Notification 48/2023?
Answer:
Finodha offers complete GST support services like:
📌 Online GST Registration: https://finodha.in/online-gst-registration/
📌 GST Return Filing: https://finodha.in/gst-return-filing/
📌 GST Compliance Support: https://finodha.in/gst-compliance/
📌 Digital Signature for GST e-filing: https://finodha.in/online-dsc-digital-signature-certificate/
Q7: 🧠 Why is the commencement notification like this one important?
Answer:
It informs taxpayers and authorities of the exact date from which the legal changes apply. This enables businesses to prepare, update their systems, and avoid penalties due to non-compliance.
Q8: ⚖️ What is the legal authority cited in Notification No. 48/2023?
Answer:
The notification is issued under sub-section (2) of section 1 of the CGST (Amendment) Act, 2023 (30 of 2023), allowing the Central Government to appoint the commencement date.
Q9: 📚 Where can I read the CGST (Amendment) Act 2023 provisions in detail?
Answer:
You can refer to the official Gazette or consult GST legal experts. Finodha’s GST team can also guide you on how these amendments affect your specific business model.
📌 Bonus Tip:
If you are setting up a new business, now is the right time to ensure your GST setup is in line with the amended law. Use Finodha’s setup business services at https://finodha.in/setup-business/
Download PDF: Notification No. 48/2023 – Central Tax
More Information: https://taxinformation.cbic.gov.in/
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