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TRANSITIONAL PROVISIONS-PART-VII Sec 173 - Exempted goods returned to the place of business on or after the appointed day

Goods and Services Tax - GST - By: - Pradeep Jain - Dated:- 3-1-2017 - GST DAILY DOSE OF UPDATION BY CA PRADEEP JAIN The section enables a taxable person to receive exempted goods (under the old law) which were removed/sold earlier and then received back within 6 months of the appointed date. This section has been kept similar to the previous provision in the old draft. The only amendment has been introduced by a way of proviso in both CGST law and SGDT act to clarify that if the exempted goods .....

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ed/sold prior to appointed date and received back within 6 months of the appointed date. It has been amended to delete a proviso which stated that tax shall be payable by the taxable person returning the goods if the said goods are liable to tax under this Act and are returned after a period of six months from the appointed day. Instead of it, a new proviso has been added which states as follows: PROVIDED that if the said goods are returned by a registered taxable person the return of the goods .....

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