CGST-AMENDMENT-ACT-2018

  • Some of the changes have been made retrospective w.e.f 1st July, 2017
  • The Act shall come into force on a later date which shall be notified

Amended Sections and New Section

S.No. Section Description S.No. Section Description
1 2 Definitions 15 35 Accounts and other records
2 7 Scope of supply

( w.e.f. 1st July 2017)

16 39 Furnishing of returns
3 9 Levy and collection 17 43A Procedure for Furnishing Return and Availing ITC
4 10 Composition levy 18 48 Goods and services tax practitioners
5 12 Time of Supply of Goods 19 49 Payment of tax, interest, penalty and other amounts.
6 13 Time of Supply of Services 20 49A & 49B Cond. for Utilisation of ITC & Order for Utilisation
7 16 Eligibility and conditions for taking input tax credit 21 52 Collection of tax at source
8 17 Apportionment of credit and blocked credits 22 54 Refund of tax
9 20 Manner of distribution of credit by Input Service Distributor…….. 23 79 Recovery of tax
10 22 Persons liable for registration 24 107 Appeals to Appellate Authority
11 24 Compulsory registration in certain cases 25 112 Appeals to Appellate Tribunal
12 25 Procedure for registration 26 129 Detention, seizure and release of goods and conveyances in transit.
13 29 Cancellation or suspension of registration 27 140 Transitional arrangements for input tax credit

( w.e.f. 1st July 2017)

14 34 Credit and debit notes…. 28 143 Job work procedure .
AMENDMENT IN SCHEDULE I – ACTIVITIES TO BE TREATED AS SUPPLY EVEN IF MADE WITHOUT CONSIDERATION
AMENDMENT IN SCHEDULE II – ACTIVITIES OR TRANSACTIONS TO BE TREATED AS SUPPLY EVEN IF MADE WITHOUT CONSIDERATION

( w.e.f. 1st July 2017)

AMENDMENT IN SCHEDULE III- ACTIVITIES OR TRANSACTIONS WHICH SHALL BE TREATED NEITHER AS A SUPPLY OF GOODS NOR A SUPPLY OF SERVICES
  • CBEC changes to CBIC
  • Anti Profiteering Authority shall not be considered as Adjudicating Authority (Definition used in Sec. 56 (Interest), 107 (Appeals to Adjudicating Authority) & Orders of Appellate Tribunal)

Section 2(4)

From the Act

  • for the words “Central Board of Excise and Customs”, the words “Central Board of Indirect Taxes and Customs” shall be substituted;
  • for the words “the Appellate Authority and the Appellate Tribunal”, the words, brackets and figures “the Appellate Authority, the Appellate Tribunal and the Authority referred to in sub-section (2) of section 171” shall be substituted;

Expanded definitions of Business of a Race Club (Sec. 2(17)(h)

Section 2(17) – “Business” includes—

From the Act

  • “(h) activities of a race club including by way of totalisator or a license to book maker or activities of a licensed book maker in such club; and”;

Earlier

  • (h) services provided by a race club by way of totalisator or a licence to book maker in such club ; and Expanded definitions of Business of a Race Club (Sec. 2(17)(h)

Definition of Business Vertical omitted which used in section 25(2) & hence accordingly section 25(2) amended

Section 2(18) – Business Vertical

From the Act

  • clause (18) shall be omitted;

Error Rectified

Section 2(35) – Cost Accountant

  • in clause (35), for the word, brackets and letter “clause (c)”, the word, brackets and letter “clause (b)” shall be substituted;

Local Authority means

a)——-

b)——-

f) A Development Board constituted under article 371 and article371J of the constitution

Section 2(69) – Local Authority

  •  in clause (69), in sub-clause (f), after the word and figures “article 371”, the words, figures and letter “and article 371J” shall be inserted

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Qualification: CA in Practice
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Location: Jaipur, Rajasthan, India
Member Since: 15 Mar 2021 | Total Posts: 8
Specialisation - Indirect Tax, Internal Audit &Transaction Advisory He is a fellow member of the ICAI, having experience of more than 5 years in the field of indirect taxes & internal audits. GST, Custom, VAT, Service Tax, Tax Planning, Compliance and Litigation are the main areas of his in View Full Profile

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