Implementation Date Set for Central Goods and Services Tax Act, 2017
The Central Government exercises its authority under the Central Goods and Services Tax Act, 2017 (12 of 2017).
June 22, 2017, is appointed as the official commencement date for several crucial sections of the Act.
These sections include provisions related to taxation, administration, and procedural matters.
Key sections such as 1, 2, 3, 4, 5, 10, 22, 23, 24, 25, 26, 27, 28, 29, 30, 139, 146, and 164 will become operational from this date.
The appointment of the implementation date signifies the government's readiness to enforce the provisions outlined in the Act.
It marks a significant step in the implementation of the GST regime, streamlining tax administration across the country.
Stakeholders are advised to prepare for compliance with the applicable sections of the Act effective from June 22, 2017.