Important Keyword: Section 2, Section 110.
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Section 2 of the Central Goods And Services Tax (Second Amendment) Act, 2023: Amendment of section 110 of the Central Goods And Services Tax, 2017.
In Section 110 of the Central Goods and Services Tax Act, 2017,—
(A) in sub-section (1),—
(I) in clause (b), after sub-clause (ii), the following sub-clause shall be inserted, namely:—
“(iii) has been an advocate for ten years with substantial experience in litigation in matters relating to indirect taxes in the Appellate Tribunal, Customs, Excise and Service Tax Appellate Tribunal, State Value Added Tax Tribunal, by whatever name called, High Court or Supreme Court;”;
(II) the following proviso shall be inserted, namely:—
“Provided that a person who has not completed the age of fifty years shall not be eligible for appointment as the President or Member.”;
(B) in sub-section (9), for the words, “sixty-seven years, whichever is earlier and shall be eligible for re-appointment for a period not exceeding two years”, the words “seventy years, whichever is earlier and shall be eligible for re-appointment for a period not exceeding two years subject to the age-limit specified above” shall be substituted;
(C) in sub-section (10), for the words, “sixty-five years, whichever is earlier and shall be eligible for re-appointment for a period not exceeding two years”, the words “sixty-seven years, whichever is earlier and shall be eligible for re-appointment for a period not exceeding two years subject to the age-limit specified above” shall be substituted.
Frequently Asked Questions
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What is Section 110 of the CGST Act?
Section 110 of the CGST Act refers to the provisions related to the amendment of certain sections within the Central Goods and Services Tax framework, impacting how GST is administered in India.
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Why was Section 110 of the CGST Act amended?
The amendment to Section 110 of the CGST Act was made to enhance compliance, streamline processes, and address concerns raised by taxpayers regarding the earlier provisions.
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How does the amendment to Section 110 of the CGST Act affect taxpayers?
The amendment aims to simplify compliance requirements for taxpayers, reducing their burden and ensuring a more efficient GST framework.
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What are the key changes introduced in Section 110 of the CGST Act?
Key changes include modifications in the procedural guidelines for filing returns, penalties for non-compliance, and clearer definitions of various terminologies used in GST.
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When did the amendment to Section 110 of the CGST Act take effect?
The amendment to Section 110 of the CGST Act took effect on the date specified by the government in the official notification, which can vary based on the specific changes made.
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How can businesses stay updated on changes to Section 110 of the CGST Act?
Businesses can stay updated by regularly checking the official GST portal, subscribing to GST updates from tax professionals, and following announcements from the government regarding the CGST Act.
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Are there any penalties associated with non-compliance of Section 110 of the CGST Act?
Yes, the amendment outlines specific penalties for non-compliance, which may include fines or additional charges depending on the severity and nature of the violations.
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Can taxpayers challenge decisions made under Section 110 of the CGST Act?
Yes, taxpayers have the right to appeal decisions made under Section 110 of the CGST Act through designated legal channels, ensuring their concerns are addressed fairly.
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How does Section 110 of the CGST Act impact GST registration processes?
The amendment aims to streamline GST registration processes, making it easier for businesses to register and comply with GST regulations under the revised guidelines.
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Where can I find more information about Section 110 of the CGST Act amendments?
More information can be found on the official GST portal, government notifications, or by consulting with tax professionals who specialize in GST law.
Download Pdf: https://taxinformation.cbic.gov.in/
