{"id":9242,"date":"2023-08-06T12:54:43","date_gmt":"2023-08-06T11:54:43","guid":{"rendered":"https:\/\/www.klickongstworld.com\/blog\/?p=9242"},"modified":"2023-08-06T12:55:15","modified_gmt":"2023-08-06T11:55:15","slug":"cbic-notified-the-new-rule-142b-for-recovery-of-the-tax-and-interest-in-respect-of-the-amount-intimated-under-rule-88c","status":"publish","type":"post","link":"https:\/\/www.klickongstworld.com\/blog\/cbic-notified-the-new-rule-142b-for-recovery-of-the-tax-and-interest-in-respect-of-the-amount-intimated-under-rule-88c\/","title":{"rendered":"CBIC notified the new rule 142B for recovery of the tax and interest in respect of the amount intimated under Rule 88C"},"content":{"rendered":"<p align=\"justify\">On the recommendations of the GST Council in its  48th meeting held on 17.12.2022, rule 88C was inserted in the CGST Rules, 2017  with effect from 26.12.2022 for system based intimation to the registered  person in cases where the output tax liability in terms of&nbsp;<strong>FORM GSTR-1&nbsp;<\/strong>of a  registered person for any particular month exceeds the output tax liability  disclosed by the said person in the return in&nbsp;<strong>FORM GSTR-3B&nbsp;<\/strong>for  the said month by a specified threshold. <\/p>\n<p align=\"justify\">50th Meeting of the GST Council was held on July 11, 2023 in New  Delhi, wherein it was recommended&nbsp;insertion of&nbsp;<strong>Rule 142B&nbsp;<\/strong>in the  CGST Rules, 2017 and insertion of a&nbsp;<strong>FORM  GST DRC-01D&nbsp;<\/strong>to provide for manner of recovery of the tax  and interest in respect of the amount intimated under rule 88C which has not  been paid and for which no satisfactory explanation has been furnished by the  registered person. <\/p>\n<p align=\"justify\"><strong><u>Notification:<\/u><\/strong><\/p>\n<p align=\"justify\">Accordingly,  The CBIC has issued &#8216;the Central Goods and Services Tax (Second Amendment)  Rules, 2023&#8217; vide&nbsp;<a href=\"https:\/\/www.klickongstworld.com\/uploads\/CGST\/TaxNotification\/1691231735.pdf\">Notification No. No. 38\/2023- Central  Tax dated 04.08.2023<\/a> to insert a new Rule 142B of the CGST Rules:<\/p>\n<p align=\"justify\"><em><strong>&#8220;142B. Intimation of certain amounts liable to be recovered under  section 79 of the Act.-<\/strong><\/em><em>(1) Where, in accordance with section 75 read with rule 88C, or  otherwise, any amount of tax or interest has become recoverable under section  79 and the same has remained unpaid, the proper officer shall intimate,  electronically on the common portal, the details of the said amount in FORM GST  DRC-01D, directing the person in default to pay the said amount, along with  applicable interest, or, as the case may the amount of interest, within seven  days of the date of the said intimation and the said amount shall be posted in  Part-II of Electronic Liability Register in&nbsp;<\/em><strong>FORM GST PMT-01.<\/strong><\/p>\n<p align=\"justify\"><em>(2) The intimation referred to in sub-rule (1) shall be treated as  the notice for recovery.<\/em><\/p>\n<p align=\"justify\"><em>(3) Where any amount of tax or interest specified in the  intimation referred to in sub-rule (1) remains unpaid on the expiry of the  period specified in the said intimation, the proper officer shall proceed to  recover the amount that remains unpaid in accordance with the provisions of  rule 143 or rule 144 or rule 145 or rule 146 or rule 147 or rule 155 or rule  156 or rule 157 or rule 160.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>2022\/06\/cbic-logo-new-1.jpg<\/p>\n","protected":false},"author":1,"featured_media":7535,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/9242"}],"collection":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/comments?post=9242"}],"version-history":[{"count":2,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/9242\/revisions"}],"predecessor-version":[{"id":9244,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/9242\/revisions\/9244"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/media\/7535"}],"wp:attachment":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/media?parent=9242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/categories?post=9242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/tags?post=9242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}