Rule 47A of the CGST Rules – Effective from 1st November 2024
The Central Board of Indirect Taxes and Customs (CBIC) has introduced Rule 47A via Notification No. 20/2024 – Central Tax, which will come into effect from November 1, 2024. This new rule introduces a 30-day time limit for issuing tax invoices in cases where recipients are liable to pay tax under the Reverse Charge Mechanism (RCM).