Site iconSite icon SAG Infotech Official Tax Blog Upto 20% Off on Tax Software for You

CBIC Adds New Procedures for Voluntary GST Payments to Rule 142 of the CGST Rules

Central Tax Notification No. 12/2024 for Amendment GST Rule 142

On July 10, 2024, the Central Board of Indirect Taxes and Customs (CBIC) issued Notification No. 12/2024 – Central Tax, to further revise Rule 142 of the CGST Rules.

The same revision would be effective from July 10, 2024, which mentions the process of managing the voluntary tax payments that the registered taxpayers made and emphasizes the process of issuing orders and considerations via the proper officer.

Modifications in Rule 142 of the CGST Rules

Prior to Amendment

Post-Amendment Changes

An application in FORM GST DRC-03A cannot be filed for the payment if an order in FORM GST DRC-05 has been issued completing the proceedings concerning the identical payment.

Exit mobile version