Amendment in CBIC Notification 2/2017-Central Tax Dt. 19 June 2017
In a significant move, the Central Board of Indirect Taxes and Customs (CBIC) has issued Notification 5/2024 on Dated 30th January 2024, exercising powers under the Central Goods and Services Tax Act, 2017. The notification brings about amendments to the territorial jurisdiction of the Principal Commissioner or Commissioner of Central Tax, specifically impacting Pune-II division. Let’s delve into the details of this crucial update.
Overview of Notification 5/2024
The CBIC, under the authority granted by the Central Goods and Services Tax Act, 2017, and the Integrated Goods and Services Tax Act, 2017, has issued Notification 5/2024. This notification amends the previously issued No. 02/2017-Central Tax, dated 19th June 2017, with regards to territorial jurisdictions.
Specific Changes in Territorial Jurisdiction
The amendment focuses on Table II of the notification, where Serial Number 83 undergoes a modification. In column (3) of Serial Number 83, clause (ii) sees the insertion of the figure and postal code “411069,” following the existing “411060.” This alteration extends the territorial jurisdiction of the Principal Commissioner or Commissioner of Central Tax for Pune-II division.
Implications for Baner DSO (Pune)
The said Notification of the central Board of Indirect taxes and Customs (CBIC) clarifies that the amendment directly impacts the Baner DSO (Pune) area, which bears the postal code 411069. Consequently, this area is now brought under the expanded territorial jurisdiction of the Principal Commissioner or Commissioner of Central Tax for Pune-II division.
Significance of the Amendment
This modification holds crucial implications for businesses and taxpayers operating in the Baner DSO area of Pune. With the change in territorial jurisdiction, it is essential for stakeholders of that region to be aware of the altered administrative authority and comply with the regulations enforced by the Pune-II division.
Conclusion
Notification 5/2024 issued by the CBIC brings about a noteworthy change in the territorial jurisdiction of the Principal Commissioner or Commissioner of Central Tax for Pune-II division. The inclusion of postal code 411069 expands the administrative reach over the Baner DSO area. Businesses and taxpayers in this region should stay informed about these changes to ensure seamless compliance with the updated regulations.
To Download the Notification 5/2024-CT CLICK HERE
To Know About the Treatment of Credit Note in GST CLICK HERE
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