CBIC Extends Deadline for New Manufacturing Procedure Implementation to 15th May 2024



Quick Summary
The Central Board of Indirect Taxes and Customs (CBIC) has announced an extension for the implementation of a new special procedure for manufacturers. Originally set for April 1, 2024, the deadline has now been moved to May 15, 2024. This change, detailed in Notification No. 08/2024, amends the previously issued Notification No. 04/2024.

The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 08/2024, extending the timeline for the implementation of Notification No. 04/2024. This notification pertains to a new special procedure to be followed by registered persons engaged in the manufacturing of specific goods. The extension moves the implementation date from April 1, 2024, to May 15, 2024.

CBIC Extends Manufacturing Procedure Deadline to May 15

In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said Act), the Central Government, on the recommendations of the Council, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 04/2024-Central Tax, dated the January 05, 2024 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), vide number S.O. 85(E), dated the January 05, 2024, namely:-

In the said notification, in para 4, for the words and letters "1st day of April, 2024", the words and letters “15th day of May, 2024” shall be substituted.

This notification shall come into force from 1st day of April, 2024.

Official copy of the notification has been enclosed below

FAQ :

The new deadline for implementing the special procedure for manufacturing is May 15, 2024.

Notification No. 04/2024-Central Tax, concerning a new special procedure for manufacturers, has had its implementation timeline extended.

The extension was issued by the Central Board of Indirect Taxes and Customs (CBIC) through Notification No. 08/2024.

The new procedure applies to registered persons engaged in the manufacturing of specific goods.

The amendment to the notification comes into force from April 1, 2024, although the implementation date for the procedure itself is May 15, 2024.




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