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January 5, 2022

CBIC released updated CGST Act, 2017 upto January 01, 2022

by CA Shivam Jaiswal in Income Tax

CBIC released updated CGST Act, 2017 upto January 01, 2022

The Central Board of Indirect Taxes & Customs (“CBIC”) has released a copy of the Central Goods and Services Tax Act, 2017 (“the CGST Act”) as updated till January 01, 2022.

MINISTRY OF LAW AND JUSTICE

(Legislative Department)

THE CENTRAL GOODS AND SERVICES TAX (AMENDMENT)
ACT, 2018
(NO. 31 OF 2018)

An Act further to amend the Central Goods and Services Tax Act, 2017.
BE it enacted by Parliament in the Sixty-ninth Year of the Republic of India as follows:—

  1. (1) This Act may be called the Central Goods and Services Tax (Amendment) Act, 2018.
    (2) Save as otherwise provided, the provisions of this Act shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint:
    Provided that different dates may be appointed for different provisions of this Act and any reference in any such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision.
  2. In section 2 of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as the principal Act),––

(a) in clause (4),––
(i) for the words “Central Board of Excise and Customs”, the words “Central
Board of Indirect Taxes and Customs” shall be substituted;

(ii) 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;
(b) in clause (17), for sub-clause (h), the following sub-clause shall be substituted,
namely:—
“(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”;
(c) clause (18) shall be omitted;
(d) in clause (35), for the word, brackets and letter “clause (c)”, the word, brackets and letter “clause (b)” shall be substituted;
(e) 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;

(f) in clause (102), the following Explanation shall be inserted, namely:––
‘Explanation.––For the removal of doubts, it is hereby clarified that the expression “services” includes facilitating or arranging transactions in securities;’.

Read more below

CGST-Amendment-Act-2018

CGST-Act-2017-amended-01012022

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