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Informative

CBIC notifies reduced Pre-Deposits for Filing GST Appeals

Update / Judgement Date

10 Oct 2024

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Appeal Against OrderGST

The CBIC has notified reduced pre-deposits for filing GST appeals, effective November 1, 2024. The amendment reduces the pre-deposit limit to 10% of the disputed tax or cess, with caps on pre-deposit amounts lowered to Rs. 20 crore for CGST, SGST, and cess, and Rs. 40 crore for IGST. These changes are reflected in Form GST APL-01 and Form GST APL-05. The reduction aims to ease the financial burden on businesses involved in GST disputes, improving liquidity and reducing the immediate financial outflow required to file appeals.