Summary of changes in GST rules as amended by Notification No. 12/2024 CT dated 10.07.2024

12Jul 2024 by admin
RuleOriginal ProvisionAmended
Provision		Impact/Notes
Rule 8Application process
under rule 8
including Aadhaar
authentication.		Insertion of
additional proviso
for application
process where
applicant has not
opted for an
Aadhaar
authentication, to
undergo photograph
and document
verification at
facilitation centers.		Ensures proper
verification of
applications with
additional
documentation and
photograph
requirements.
Rule 21Conditions for
cancellation of
registration under
rule 21.		Insertion of clauses
for amendments to
bring in the effect of
newly introduced
form GSTR-1A.
Further giving
powers to cancel the
registration if the
registered person
does not file his
returns within the
specified time from
the date of
cancellation to the
date of revocation.
Rule 21AProvisions for
suspension of
registration under
rule 21A.		Insertion of clauses
for amendments to
bring in the effect of
newly introduced
form GSTR-1A.
Rule 28Valuation of supply
between related
persons under rule
28.		Amendment made
to include
guarantees given
only to recipients
located in India. The value is deemed to
one percent of the
amount of such
guarantee offered
“per annum”
Further it clarifies
with an insertion of
a proviso in sub rule
(2), which says if the
recipient is eligible
for a full input tax
credit, then the
value declared in
the invoice shall be
deemed to be the
value of the said
supply.		Corporate guarantee
given to any
recipient located
outside India will not
be covered under this rule.
Further, notification
confuses by inserting
the words “per
annum”, in case of
continuous
guarantees longer
than a year, then is
one percent to paid
on annual basis?
Rule 36Conditions for
claiming input tax
credit under rule
36(4).		Insertion of
amendments related
to GSTR-1A.
Rule 37AProvisions for
furnishing returns
under rule 37A.		Insertion of
amendments related
to GSTR-1A.
Rule 39Distribution of input
tax credit by Input
Service Distributors
under rule 39.		Substitution of the
entire sub-rule (1)
with detailed
conditions for
distribution of input
tax credit.		Detailed guidelines
for ISDs on
distributing input tax
credit.
Rule 40Conditions for
availing input tax
credit on goods and
services received
under rule 40.		Insertion of
amendments related
to GSTR-1A.
Rule 48Provisions for
issuance of invoices
under rule 48.		Insertion of
amendments related
to GSTR-1A.
Rule 59Details of outward
supplies in GSTR-1
under rule 59.		Introduction of new
proviso to the subrule
(1) to facilitate
the amendments of
outward supplies in
GSTR-1A.
Amendment in sub
rule (4) to give
invoice details of B2C supplies in
GSTR 1 for all
interstate supplies
with invoice value
more than rupees
one lakh.		Now any error made
while filing GSTR 1
for the month can be
corrected before
filing GSTR 3B
through the form
GSTR 1A.
The threshold limit
to furnish invoice wise details for B2C
supplies reduced
from Rs. 2.5 lakhs to
Rs.1 lakh, increasing
the compliance and
reducing the errors
Rule 60Provisions for
maintaining
electronic cash
ledger under rule
60.		Insertion of
amendments related
to GSTR-1A.
Rule 62Provisions for
composition levy
returns under rule
62.		Introduction of
proviso extending
the time for
furnishing returns
in GSTR 4 from the
financial year2024-
25 onwards to 30th
June following the
end of the financial
year .		Giving more time to
file GSTR 4 for
composition levy
returns.
Rule 78Details for
furnishing returns
under rule 78.		Insertion of
amendments related
to GSTR-1A.
Rule 88BConditions for
calculating interest
on delayed payment
under rule 88B.		Insertion of proviso
relating to no
interest liability of
the amounts in
electronic cash
ledger later debited
to pay the tax after
the due date.		This will make the
payment to e-cash
ledger to be
sufficient to avoid
interest liability.
This amendment is
not a retrospective
amendment.
Rule 88CProvisions for
matching credit and
liability under rule
88C.		Insertion of
amendments related
to GSTR-1A.
Rule 89Provisions for
claiming refund
under rule 89.		Insertion of new
sub-rule for
claiming refund of
additional
integrated tax paid
post-export on
account of upward
revision of price of
goods.		Facilitates refund
claims for additional
integrated tax paid
post-export,
enhancing exporter
compliance.
Rule 95BProvisions for
refund of tax paid by
Canteen Stores Department under
rule 95B.		Insertion of new
rule for refund of
tax paid on inward supplies received by
Canteen Stores
Department.
Rule 96Provisions for
claiming refund on
export of goods and
services under rule
96.		Insertion of proviso
for refund
application on
additional
integrated tax paid
post-export on
account of upward
revision of price of
goods.
Rule 96AProvisions for
export without
payment of
integrated tax under
rule 96A.		Substitution of
clause (b) amending
the provision of
calculation of fifteen
days after the expiry
of one year for the
purpose of services
and amendments
related to GSTR-1A.
Rule 110Provisions for filing
appeal to Appellate
Tribunal under rule
110.		Rule amended
substituting the
procedure to file
appeal to the
Appellate Tribunal.
Rule 111Provisions for
application to
Appellate Tribunal
under rule 111.		Rule amended for
the application to
the Appellate
Tribunal.
Rule 113ANew provisions for
withdrawal of
appeal or
application under
rule 113A.		Introduction of
FORM GST APL-
05/07W for
withdrawal of
appeal/application.		Allows withdrawal of
appeals/applications,
subject to Tribunal’s
approval, ensuring
proper
documentation and
tracking.
Rule 138Provisions for
generation of e-way
bill under rule 138.		Additional proviso
for new FORM GST
ENR-03 for
unregistered
persons required or
opting to generate
Form GST EWB 01.
Rule 142Provisions for
payment of tax and
submission of forms
under rule 142.		Amendment
pertaining to issue
of Form GST DRC 04
by the proper
officer. Insertion of
amendments related
to GSTR-1A and
provision for
application FORM
GST DRC-03A.
Rule 163Provisions for
offenses and
penalties under rule
163.		Insertion of
amendments related
to GSTR-1A.