Notice for recent amendment in section 22(1) and 24 in gst for exempted supplied dealer in the recent finance bill 23
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Notice for recent amendment in section 22(1) and 24 in gst for exempted supplied dealer in the recent finance bill 23
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Section 23 has been made a non-obstante clause, meaning that if a person is required to get registered under either Section 22 or 24 but is specifically exempt under Section 23, then such person is not required to take registration under GST laws.
Section 23(1) and (2) of the CGST Act has been proposed to be amended retroactively, from 01st July, 2017, to provide that persons required for compulsory registration in terms of Section 22(1) and 24 of the CGST Act do not need to register if exempt under Section 23(1), such as those engaged exclusively in the business of exempt supply of goods or services or agriculturists to the extent of supply of produce out of cultivation of land.
Old Query - New Comments are closed.