The Central Board of Indirect Taxes and Customs (CBIC) has recently issued two significant notifications on January 23, 2025, introducing important amendments to the Central Goods and Services Tax (CGST) Rules, 2017. These changes aim to streamline GST compliance and provide relief to taxpayers. Here’s a detailed look at the key highlights:
Notification No. 07/2025 – Central Tax
1. Introduction of Temporary Identification Number (TIN):
- A new rule, Rule 16A, has been inserted to grant a Temporary Identification Number (TIN) to individuals who are not liable for registration under the GST Act but need to make payments. This provision allows the proper officer to issue a TIN and an order in Part B of FORM GST REG-12.
2. Amendments to Rule 19:
- Rule 19(1) has been amended to include references to the intimation furnished by composition taxpayers in FORM GST CMP-02, in addition to FORM GST REG-10.
3. Changes to Rule 87:
- Sub-rule (4) of Rule 87 has been updated to include references to the new Rule 16A, ensuring that the common portal reflects these changes.
4. Substitution of FORM GST REG-12:
- The existing FORM GST REG-12 has been replaced with a new form that accommodates the details required under Rule 16A. This form includes comprehensive information about the person granted temporary registration or TIN, such as personal details, reasons for temporary registration, and bank account information.
Notification No. 08/2025 – Central Tax
1. Waiver of Late Fees:
- The notification provides a waiver for late fees under Section 47 of the GST Act for the financial years 2017-18 to 2022-23. This waiver applies to registered persons who were required to furnish a reconciliation statement in FORM GSTR-9C along with the annual return in FORM GSTR-9 but failed to do so. The waiver is applicable if the reconciliation statement is furnished on or before March 31, 2025.
- It is important to note that no refund will be provided for late fees already paid for delayed furnishing of FORM GSTR-9C for the specified financial years.
Conclusion
These amendments reflect the government’s ongoing efforts to simplify GST compliance and provide relief to taxpayers. The introduction of the Temporary Identification Number (TIN) and the waiver of late fees are significant steps towards achieving these goals. Taxpayers should stay informed about these changes to ensure compliance and take advantage of the relief measures provided.