GST Amendment: Compliance Shift to August 31, 2023

Empowered Modification G.S.R (E): Central Government leverages authority under section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017), prompted by Council recommendations.

Alterations in G.S.R. 1600(E): Notification No. 73/2017– Central Tax, dated 29th December, 2017, undergoes significant changes outlined in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 1600(E), dated 29th December, 2017.

Seventh Proviso Revision: The seventh proviso of the notification sees substitution of "30th June, 2023" with "31st August, 2023," reflecting an extended compliance timeline.

Retroactive Effect and Gazette Entry: The amended notification is retrospectively effective from 30th June, 2023, and duly recorded in the Gazette of India, solidifying its regulatory standing.

Directive by Director Alok Kumar: Director Alok Kumar issues a directive, cementing the official endorsement of the compliance adjustments necessitated by the revised deadline.

Guidance for Stakeholders: Stakeholders and businesses are advised to realign their strategies, considering the altered regulatory landscape and the revised cutoff date.

Transition Period Facilitation: The extended timeline allows for a smooth transition, providing businesses with additional time to adapt to the revised compliance norms.