13/2024-Central Tax — Seeks to rescind Notification no. 27/2022-Central Tax dated 26.12.2022.
Summary
Simply put, this notification, issued by the CBIC on July 10, 2024, cancels out a previous notification – Notification 27/2022-Central Tax dated December 26, 2022.
So what did Notification 27/2022 do? It exempted specific registered persons supplying goods through electronic commerce operators (ECOs) from needing to obtain mandatory registration under GST, if they met certain conditions. Primarily, this exemption targeted smaller businesses and artisans selling online through platforms like Amazon or Flipkart, subject to conditions like PAN verification and ensuring the ECO collects TCS on their sales.
Notification 13/2024 effectively rolls back that exemption. This means that the businesses who were previously relying on Notification 27/2022 for their GST registration status are now required to register under GST.
Who does this affect? Primarily, small businesses and artisans selling goods through ECOs who previously didn't register because they were relying on the exemption provided by Notification 27/2022. These businesses need to understand that this exemption has been withdrawn. They should immediately evaluate their GST registration requirements based on the general GST rules and, if applicable, initiate the registration process as soon as possible to avoid potential penalties for non-compliance. As of July 10, 2024, the exemption is no longer valid, so prompt action is crucial.
Key Changes
| Change | Impact |
|---|---|
| Rescission of Notification 27/2022-Central Tax. | Effectively removes the requirement for taxpayers to furnish self-certified copies of documents, instead of original documents, for verification purposes under CGST Rule 80(3) during annual return filing (GSTR-9) and reconciliation statement (GSTR-9C) submission for FY 2021-22. |
| Reversal to Pre-Notification 27/2022 Status | Taxpayers are no longer obligated to submit self-certified documents. The method of verification reverts to the procedures in place before Notification 27/2022 was issued, suggesting either original document submission or other established methods. |
| Applicability Limited to FY 2021-22 | Notification 27/2022 was specifically for FY 2021-22, and rescinding it now primarily impacts those still dealing with assessments or issues related to GSTR-9 and GSTR-9C for that period. |