Notification No. 20/2024
Date: January 8, 2025
Subject: Second amendment to the Central Goods and Services Tax Rules, 2017.
Description:
Rules relating to invoicing timelines, interest calculation, refunds, detention, and demand proceedings are amended.
New rule 47A is inserted for time limit of invoice issuance under reverse charge.
Procedural framework for waiver of interest and penalty under section 128A is operationalised.
Multiple rules are aligned to incorporate section 74A with effect from 1 November 2024.
Effective Date of Notification:
08 October 2024