CBIC issued Notification No. 52/2023 dated 26th oct, 2023 amending the CGST Rules

CBIC issued Notification No. 52/2023 dated 26th oct, 2023 amending the CGST Rules. These rules may be called the Central Goods and Services Tax (Fourth Amendment) Rules, 2023.

> Amending Rule 28 of CGST Rules, to specify the value of supply of services by a supplier to a recipient who is a related person, by way of providing corporate guarantee to any banking company or financial institution on behalf of the said recipient, shall be deemed to be one per cent of the amount of such guarantee offered, or the actual consideration, whichever is higher.”.

> Late fee column introduced in FORM GST REG-08.

> Changes inserted in GST Practitioner FORM GST PCT-01 in serial number 4. Mainly removing requirement of holding COP.

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Notification No. 52.pdf

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