CGST Act Amendments (October 2021):
The Central Government introduces key amendments to the Central Goods and Services Tax (CGST) Act, 2017, through Notification No. 11/2017-Central Tax (Rate) dated June 28, 2017.
Changes in the Notification:
Amendments address sections 9, 11, 15, 16, and 148, impacting various aspects of GST.
Table Modifications:
Insertion of "or 12AB" after "12AA" in serial number 3, impacting intellectual property (IP) rights.
Omission of item (i) under serial number 17 and redefinition of item (ii) related to the transfer or permitting the use of IP rights.
Alterations in Serial Number 26:
Introduction of job work services for the manufacture of alcoholic liquor, expanding the scope of services.
Adjustment in item (id) to include the newly introduced service (ica).
Revision in Serial Number 27:
Removal of item (i) and redefinition of item (ii) under serial number 27, covering manufacturing services, publishing, printing, reproduction, and material recovery.
Changes in Admission Services (Serial Number 34):
Substitution of items (iii) and (iiia) to redefine services related to admission to theme parks, water parks, casinos, race clubs, and sporting events.
Historical Reference:
Refers to the initial notification of June 28, 2017, with subsequent amendments, providing a timeline of changes in GST rates and provisions.