GST Updates Summary April 2024

This articles covers gst updates summary April 2024. It contains all the Notifications and Circulars issued in April 2024 which covers all GST Updates summary April 2024. All these amendments have been presented hear topic wise and reference of relevant latest gst notifications and latest gst circulars have been given at bottom of each topic. As well as, I have given our own analysis wherever it is necessary.

Waived off Interest for Specified GSTINs having Technical Glitches

The government has decided that certain registered businesses don’t have to pay any extra interest if they couldn’t submit their tax returns on time due to problems with the online system. This rule applies to businesses with specific ID numbers and only for certain months. It’s meant to help those who tried to pay on time but faced technical issues.

These are individuals or businesses who are required to submit their tax returns under a specific section of the law. However, they couldn’t do so for the mentioned month because of technical issues with the online system. Despite this, they had enough money in their online accounts or had made the necessary payments using a challan namely:

Class of registered Person	Month	Period for which Interest is to be “NIL”
19AAACI1681G1ZM	June-2018	From the due date of filling return in Form GSTR 3B to the actual date of furnishing such return
19AAACW2192G1Z8	October-2018
19AABCD7720L1ZF	July-17 and August-17
19AAECS6573R1ZC	July-17 to February-18

Download PDF of Notification No.07/2024-Central Tax Notification No.07/2024

Special procedure provided to be followed by Registered Person engage in manufacturing of goods specified in Schedule in Notification has been extended to 15-05-2024

Earlier government has issued Notification 04/2024 Central Tax dated 05-01-2024 to specify the special procedure to be followed by registered persons engaged in manufacturing the following goods with effect from 01-04-2024, which now has been extended to 15-05-2024.

S.No	Chapter/Heading/Sub heading/Tariff Item	Description of Goods
1	21069020	Pan-Masala
2	2401	Unmanufactured tobacco (without lime tube) – bearing a brand name
3	2401	Unmanufactured tobacco (with lime tube) – bearing a brand name
4	24013000	Tobacco refuse, bearing a brand name
5	24031110	“Hookah” or “gudaku” tobacco bearing a brand name
6	24031110	Tobacco used for smoking ‘hookah’ or ‘chilam’ commonly known as‘hookah’ tobacco or ‘gudaku’ not bearing a brand name
7	24031190	Other water pipe smoking tobacco not bearing brand name
8	24031910	Smoking mixtures for pipes and cigarettes
9	24031990	Other smoking tobacco bearing brand name
10	24031990	Other smoking tobacco not bearing brand name
11	24039100	“Homogenised” or “reconstituted” tobacco, bearing a brand name
12	24039910	Chewing tobacco (without lime tube)
13	24039910	Chewing tobacco (with lime tube)
14	24039910	Filter khaini
15	24039920	Preparations containing chewing tobacco
16	24039930	Jarda Scented tobacco
17	24039940	Snuff
18	24039950	Preparations containing Snuff
19	24039960	Tobacco extracts and essence bearing brand name
20	24039960	Tobacco extracts and essence not bearing brand name
21	24039970	Cut tobacco
22	24039990	Pan masala containing tobacco ‘Gutkha’
23	24039990	All goods, other than pan masala containing tobacco ‘gutkha’, bearing a brand name
24	24039990	All goods, other than pan masala containing tobacco ‘gutkha’, not bearing a brand name

Note: The registered person must maintain the following details as per the format prescribed in the notification with effect from 15-05-2024.

Sr No.	Particulars	Time to furnish the details on the common portal
1	Details of Packing Machines in FORM SRM-I	Within 30 days of Coming into effect of this notification. i.e. 30 days from 01-04-2024 as this notification shall come into effect from 01-04-2024.
2	Details of installations of additional machine/(s) in FORM SRM-IIA	With in 24 hour of such installation in Part(B) of Table 6 of GST SRM-I
3	Details of Disposed of the existing machines in Table 8 of FORM GST SRM-I	Details of any existing filling and packing machine removed from registered place of business shall be furnished within 24 hours of such removal in Table 8 of FORM GST SRM-I
4	Monthly statement of input used and the final goods produced by the manufacture of goods in FORM GST SRM-II
5	Production Register in FORM GST SRM-II
6	Special Monthly Statement in FORM GST SRM-II	Each Month statement submit on common portal on or before 10^th day of the month succeeding such month
7	Certificate of Chartered Engineer	Upload a certificate of Chartered Engineer Form GST SRM-III in respect of Machines declared in Table 6 of Form GST SRM-I.