CBIC Notifies Reduction in Pre-Deposit Requirement for GST Appeals Effective 1st Nov 2024

The CBIC has reduced the pre-deposit requirement for filing GST appeals, effective November 1, 2024. The amendment, introduced through Notification No. 20/2024 – Central Tax, reduces the pre-deposit limit to 10% of the disputed tax or cess. Caps on pre-deposit amounts have been 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 immediate financial outflow required to file appeals.