GST Notification – 08/2024:

This amendment modifies a previous notification issued on January 5, 2024, which was published in the Gazette of India. Specifically, the amendment changes the date in paragraph 4 of the original notification. Initially, the notification stipulated that certain provisions would come into effect on “”1st day of April, 2024″”. However, this amendment extends that date to the “15th day of May, 2024”.

This change means that the affected provisions, which were initially set to be enforced starting April 1, 2024, will now be enforced starting May 15, 2024. The government has made this adjustment to provide additional time for the affected parties to comply with the new requirements. This amendment will come into force from April 1, 2024, effectively postponing the implementation of the specified provisions by about six weeks. This adjustment aims to offer flexibility and ensure a smoother transition for those subject to the new regulations. The amendment reflects the government’s responsiveness to practical considerations and its commitment to effective implementation of tax policies.