The CBIC vide Notification No. 20/2024 – Central Tax dated October 08, 2024 after Rule 47 of the Central Goods and Services Rules, 2017 (“the CGST Rules”), the following rule shall be inserted with effect from the 1st day of November, 2024, which reads as follows:
“47A. Time limit for issuing tax invoice in cases where recipient is required to issue invoice.– Notwithstanding anything contained in rule 47, where an invoice referred to in rule 46 is required to be issued under clause (f) of sub-section (3) of section 31 by a registered person, who is liable to pay tax under sub-section (3) or sub-section (4) of section 9, he shall issue the said invoice within a period of thirty days from the date of receipt of the said supply of goods or services, or both, as the case may be.”
Now:
The CBIC vide Notification No. 20/2024 – Central Tax dated October 08, 2024 omitted second proviso and made an amendment in the third proviso.
“In the said rules, in rule 46, with effect from 1st day of November, 2024,–
(a) after clause (s), the second proviso shall be omitted;
(b) in the third proviso, for the words “Provided also that in the case of”, the words “Provided further that in the case of” shall be substituted;”
Source A2ztaxcorp
