GST (Amendment) Act, 2018
The President has given its assent to the The Central Goods and Services Tax (Amendment) Act 2018 , The Integrated Goods and Services Tax (Amendment) Act 2018. , The Union Territory Goods and Services Tax (Amendment) Act 2018. , The Goods and Services Tax (Compensation to States) Amendment Act 2018. on August 29, 2018.
Effective Date for Amendment in GST Act(s) 2018 will be 01.02.2019
Following are the Changes in the Relevant Section of CGST Act 2017 by Central Goods and Services Tax (Amendment) Act 2018
Section 2(4). Definitions of CGST Act 2017 : Adjudicating Authority
Section 2(17). Definitions of CGST Act 2017 : business
Section 2(18). Definitions of CGST Act 2017 :business vertical
Section 2(35). Definitions of CGST Act 2017 : cost accountant
Section 2(69). Definitions of CGST Act 2017 : local authority
Section 2(102). Definitions of CGST Act 2017 : services
Section 9. Levy and collection.
Section 12. Time of supply of goods.
Section 13. Time of supply of services.
Section 16. Eligibility and conditions for taking input tax credit.
Section 17. Apportionment of credit and blocked credits.
Section 20. Manner of distribution of credit by Input Service Distributor.
Section 22. Persons liable for registration.
Section 24. Compulsory registration in certain cases.
Section 25. Procedure for registration.
Section 29. Cancellation of registration.
Section 34. Credit and debit notes.
Section 35. Accounts and other records.
Section 39. Furnishing of returns.
Section 43A: Procedure for furnishing return and availing input tax credit. (Newly inserted)
Section 48. Goods and services tax practitioners
Section 49. Payment of tax, interest, penalty and other amounts.
Section 49A : Utilisation of input tax credit subject to certain conditions (Newly inserted)
Section 49B :Order of utilisation of input tax credit. (Newly inserted)
Section 52. Collection of tax at source.
Section 107. Appeals to Appellate Authority.
Section 112. Appeals to Appellate Tribunal.
Section 129. Detention, seizure and release of goods and conveyances in transit
Section 140. Transitional arrangements for input tax credit.
Section 143. Job work procedure.
SCHEDULE I. of CGST Act 2017
SCHEDULE II. of CGST Act 2017
SCHEDULE III. of CGST Act 2017
Refer GST (Amendment) Act 2018 Notified : Download /Print
The post Changes in GST w.e.f 01.02.2019 appeared first on Tax Heal.
from Tax Heal http://bit.ly/2GKjrf2
No comments:
Post a Comment