Key Updates in GST Rules: Summary of Notification No. 24/2022 – Central Tax
Simplified Explanation of Notification No. 24/2022 – Central Tax
Context:
Notification No. 24/2022 amends the Central Goods and Services Tax (CGST) Rules, 2017. These amendments affect various rules and definitions related to GST procedures.
Key Changes:
- Omission of Rules:
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- Rule 122: Removed from the CGST Rules.
- Rules 124 and 125: Also removed.
- Rule 134: Removed.
- Rule 137: Removed.
- Amendment of Rule 127:
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- Heading Change: The heading of Rule 127 is updated from “Duties” to “Functions”.
- Content Change: The wording in Rule 127 is revised. Instead of saying “It shall be the duty of the Authority,” the new wording is “The authority shall discharge the following functions.”
- Updated Definition:
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- Explanation Update: The definition of “Authority” in the Explanation is revised. The term now refers to the “Authority notified under sub-section (2) of section 171 of the Act.”
Effective Date:
These changes took effect on December 1, 2022.
Practical Example:
Scenario: A GST Authority is responsible for overseeing certain aspects of GST compliance.
- Before the Amendment:
- The rules in question (e.g., Rule 122,