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.

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.