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Highlights of amendments in GST Law

Goods and Services Tax - GST - By: - Ashwarya Agarwal - Dated:- 2-2-2019 Last Replied Date:- 5-2-2019 - Highlights of major amendments in GST law to be made effective from 1st day of February, 2019. The word Central Board of Excise and Customs , wherever used is substituted as Central Board of Indirect Taxes and Customs Sub-clause (h) in definition of Business (Clause 17) is amended to ensure that all activities of Race club are included. The word service is also substituted to remove ambiguity .....

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a supply and hence taxable as per Schedule II, clause No 6 (b), will be tested now. RCM on Un-registered Expense Section 9(4) is substituted and as per new provision Government will notify classes of registered persons to pay the tax on reverse charge basis in respect of receipt of supplies of certain specified categories Hence RCM on un-registered expense is not applicable till specified class of taxable person and specified goods or services is notified under section 9(4). Similar amendment i .....

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loyer to provide to its employees under any law for the time being in force. Proviso is inserted in section 22 to enhance the maximum exemption limit for registration in the special category States from ten lakh rupees to twenty lakh rupees; Clause (x) of section 24 provides for mandatory registration every e-commerce operator. This clause is now amended to provide mandatory registration for e-commerce operator who is required to collect tax at source under section 52; Proviso is inserted in sec .....

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credit note / debit note was required to be issued for every single invoice. Section 34 is amended for this purpose along with insertion of sub-rule (1A) to Rule 53. Necessary changes shall be made in GST portal also for this purpose. Proviso is inserted to section 35(5) to exempt department of the Central or State Government / local authority which is subject to audit by CAG, from getting their books of account audited under section 44(2) i.e. GST Audit; New Section 49A & 49B is inserted t .....

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eding shall be initiated in accordance with provisions of section 130; Job Work Proviso is inserted in section 143(1) to empower Commissioner to extend the period of one year and three year as provided in section by further period not exceeding one year and two years respectively; Para 4 of Schedule I is amended to increase its scope. Now import of services by entities which are not registered under GST (say, they are only making exempted supplies) but are otherwise engaged in business activitie .....

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s obligatory for an employer to provide to its employees under any law for the time being in force. The proviso Provided that the input tax credit in respect of such goods or services or both shall be available, where it is obligatory for an employer to provide the same to its employees under any law for the time being in force. . is given after clause (ii) & (iii) which shall mean that the proviso is applicable to clause (ii) & (iii), but these clauses does not have food and beverage . .....

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