The cabinet clearance to the bill enables the government to place amendments to Central GST laws in Parliament in the ongoing session, which is on till Friday. This is required to enable even state governments and two Union territories with Assemblies to clear amendments to SGST law in time for the new taxation to be enforced from 1 October.
Queries emailed to the finance ministry and the cabinet secretariat remained unanswered.
In its 51st meeting, the GST Council decided that effort will be made to complete the process of making amendments to the Act at the earliest so that the changes come into effect from 1 October 2023. This can only happen once the Centre amends the CGST (including the amendment in Schedule III of CGST Act, 2017), IGST and UT GST laws, and states bring similar changes in SGST Acts.
Diese Geschichte stammt aus der August 10, 2023-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der August 10, 2023-Ausgabe von Mint Mumbai.
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