New Delhi: The relevant Board of Oblique Taxes and Customs (CBIC) has made revisions in regulations referring to significant goods and services tax regulations, 2017.
New regulations are relevant from which date?
In a round issued on 27 May 2025, the CBIC stated that those guidelines may be known as the Vital Items and Offerings Tax (Second Amendment) Rules, 2025, and shall come into force on the date of their publication inside the professional gazette.
"No refund shall be available for any tax, interest, and penalty that has already been discharged for the complete period previous to the commencement of the Important Goods and services Tax (second modification) guidelines, 2025, in instances wherein an awareness or announcement or order referred to in sub-phase (1) of phase 128A includes a demand of tax partially for the length referred to within the stated sub-section and partially for a length apart from that stated within the stated sub-phase," CBIC round said.
In rule 164, in sub-rule 7, after the primary proviso, the subsequent proviso shall be inserted, particularly
Supplied further that wherein the awareness or assertion or order mentioned in sub-segment(1) of segment 128A of the Act consists of demand of tax, partly for the length noted in the stated sub-phase and in part for the duration other than that stated within the stated sub-section, the applicant, instead of chickening out of the attraction, shall intimate to the appellate authority or Appellate Tribunal that he does not desire to pursue the appeal for the duration cited within the said sub-segment, and the relevant authority shall, after taking note of the said request, skip such order for the length other than that cited in the stated sub-section, as he thinks just and right."
For the elimination of doubt, CBIC has clarified that the appeal software will be deemed to have been withdrawn to the quantity of the stated intimation for the length from the first of July, 2017, to the thirty-first of March, 2020, or component thereof, for the purpose of sub-clause (three) of phase 128A.
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