CBIC designates Accounts Aggregator as system for sharing information with Common Portal:

CBIC designates Accounts Aggregator as system for sharing information with Common Portal The Central Board of Indirect Taxes and Customs(CBIC) has designated "Account Aggregator" as the system for sharing information with the common portal under Section 158A of CGST and IGST Act based on the Council's recommendation via issuing Notification. The Notification Stated, "In exercise of the powers conferred by section 158A of the Central Goods and Services Tax Act, 2017 (12 of 2017) and section 20 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), the Central Government, on the recommendations of the Council, hereby notifies “Account Aggregator” as the systems with which information may be shared by the common portal based on consent under Section 158A of the Central Goods and Services Tax Act, 2017 (12 of 2017)." This notification shall come into force with effect from the 1st day of October, 2023. “Account Aggregator” means a non-financial banking company which undertakes the business of an Account Aggregator in accordance with the policy directions issued by the Reserve Bank of India under section 45JA of the Reserve Bank of India Act, 1934 (2 of 1934) and defined as such in the Non-Banking Financial Company - Account Aggregator (Reserve Bank) Directions, 2016. Summary of CBIC Notification dated 31/07/2023

Notification	Date	Subject
No. 31/2023- Central Tax	31.07.2023	Pilot to be conducted in U.T. of Puducherry for risk-based biometric-based Aadhaar authentication of registration applicants
No. 32/2023- Central Tax	31.07.2023	CBIC notifies exemption from filing of GST annual return for taxpayers having aggregate annual turnover upto two crore rupees, for FY 2022-23.
No. 33/2023- Central Tax	31.07.2023	The CBIC, based on the Council's recommendation, has designated "Account Aggregator" as the system for sharing information with the common portal under Section 158A of CGST and IGST Act. This notification shall come into force with effect from the 1st day of October, 2023.
No. 34/2023- Central Tax	31.07.2023	CBIC has exempted certain taxpayers making supplies of goods through an electronic commerce operator. Conditions: Aggregate turnover not exceeding the registration threshold, no inter-State supplies, one-State or UT operations, valid PAN, and enrollment on the common portal.
No. 01/2023 – Integrated Tax	31.07.2023	CBIC has amended section 16 of IGST Act, to provide for restriction of IGST refund route in respect of exports of tobacco, pan masala & other similar items as well as mentha oil. The notification comes into effect from October 1, 2023.

For Official Notification Download PDF Given Below: