Integrated Goods and Services Tax (Amendment) Bill, 2018

Aug 08, 2018 | by Avantis RegTech Legal Research Team


The Integrated Goods and Services Tax Act, 2017 was enacted with a view to make provisions for levy and collection of tax on inter-State supply of goods or services or both by the Central Government. The Act makes certain provisions for smooth transition of existing taxpayers to new goods and services tax regime. However, the new tax regime has been facing certain difficulties in respect of matters relating to supply of taxable goods or services by a supplier, who is not registered and in facilitating the settlement of balance in the integrated tax account between the Central Government and the State Governments.

In order to overcome these difficulties and to improve the ease of doing business for taxpayers and to extend the export related benefits to certain specific supplies, it is proposed to amend the Integrated Goods and Services Tax Act, 2017.

The proposed Integrated Goods and Services Tax (Amendment) Bill, 2018, was introduced in the Lok Sabha on August 07, 2017 with the following objective, namely:

(i)                  to amend Section 5 of the Act empowering the Central Government to notify classes of registered persons to pay tax on reverse charge basis in respect of receipt of supplies of certain specified Categories of goods or services or both from unregistered suppliers;

(ii)                to amend Section 12 of the Act to provide that if the transportation of goods is to a place outside India, the place of supply shall be the place of destination of such goods;

(iii)               to amend Section 17 of the Act to make a provision for settlement of balance in the integrated tax account equally between the Central Government and the State Governments; and (iv) to amend Section 20 of the Act to specify the amount of pre-deposit payable for filing of appeals —

(a)    before the Appellate Authority to be capped at fifty crore rupees;

(b)   before the Appellate Tribunal to be capped at one hundred crore rupees.

[Bill No. 144 of 2018]

URL: http://164.100.47.4/BillsTexts/LSBillTexts/Asintroduced/144_2018_LS_Eng.pdf


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