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Home Acts & Rules Bill Bills FINANCE BILL, 2020 Chapters List Central Goods and Services Tax This
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Clause 121 - Amendment of section 31. - FINANCE BILL, 2020

FINANCE BILL, 2020
Central Goods and Services Tax
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Amendment of section 31.

121. In section 31 of the Central Goods and Services Tax Act, in sub-section (2), for the proviso, the following proviso shall be substituted, namely:––

“Provided that the Government may, on the recommendations of the Council, by notification,––

(a) specify the categories of services or supplies in respect of which a tax invoice shall be issued, within such time and in such manner as may be prescribed;

(b) subject to the condition mentioned therein, specify the categories of services in respect of which––

(i) any other document issued in relation to the supply shall be deemed to be a tax invoice; or

(ii) tax invoice may not be issued.”.

 



 

Notes on Clauses:

Clause 121 of the Bill seeks to amend section 31 of the Central Goods and Services Tax Act so as to empower the Government to notify the categories of services or supplies in respect of which tax invoice shall be issued and to make rules regarding the time and manner of its issuance.

 
 
 
 
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