GST Amendment – Update Your GST Details Online

1. Appeals and Pre-Deposit Reforms

• The pre-deposit requirement for filing appeals has been reduced:
• For appeals to the Appellate Authority: from ₹25 crore to ₹20 crore (CGST and SGST each).
• For appeals to the Appellate Tribunal: from 20% (max ₹50 crore) to 10% (max ₹20 crore) of the disputed tax amount.
• Monetary thresholds introduced for departmental appeals:
• ₹20 lakh for GST Appellate Tribunal (GSTAT).
• ₹1 crore for High Courts.
• ₹2 crore for the Supreme Court.

2. Interest and Penalty Waivers

• Interest and penalties waived for demand notices (excluding cases of fraud or suppression) for FY 2017–18 to 2019–20, provided the full tax amount is paid by March 31, 2025.
• No interest under Section 50 of the CGST Act for delayed return filings if the due amount was available in the Electronic Cash Ledger on the due date.

Sources: GST Council, PHDCCI

3. Tax Rate Adjustments

• GST on used cars increased from 12% to 18%.
• GST on cartons and boxes (corrugated and non-corrugated) reduced from 18% to 12%.
• Uniform 12% GST rate applied to all types of sprinklers and solar cookers.

4. Clarifications and Exemptions

• Extra Neutral Alcohol (ENA) used in manufacturing alcoholic beverages is excluded from GST.
• Transactions involving vouchers are neither treated as supply of goods nor services, thus exempt from GST.

5. Input Tax Credit (ITC) and Compliance

• Revised ITC distribution mechanism for Input Service Distributors (ISD) to enhance transparency.
• Updates in GSTR-7 and GSTR-8 to streamline Tax Deducted at Source (TDS) and e-commerce tax collection reporting.

6. Time Limit for Filing Returns

• Starting July 2025, GST returns will be time-barred three years after their original due date.
• Taxpayers will not be able to file or revise returns beyond this period.