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India: Amendments to GST rules including amnesty scheme

Introduces procedures for allowing benefits under the amnesty scheme from the Finance Act 2024

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October 11, 2024

The Central Board of Indirect Taxes has issued the Central Goods and Services Tax (Second Amendment) Rules, 2024, which amend the CGST Rules 2017.

Key changes include:

  • Removal of restrictions on integrated goods and services tax (IGST) refunds in specific cases like advance authorization and export oriented unit (EOU)
  • Specification of the time limit for issuing self-invoices
  • Introduction of procedures for allowing benefits under the amnesty scheme from the Finance Act 2024
  • Clarification that credit restrictions do not apply to notices issued under section 74A

Read an October 2024 report prepared by the KPMG member firm in India

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