Rescission of Notification under Central Goods and Services Tax Act
Notification Details:
G.S.R……(E) announces the rescission of a previous notification under the Central Goods and Services Tax Act, 2017.
Notification Number:
No. 74/2017 – Central Tax, dated 29th December, 2017.
Publication Details:
Published in Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R 1601 (E), dated 29th December, 2017.
Authority:
Issued by Dr. Sree Parvathy S.L., Under Secretary to the Government of India.
Purpose of Rescission:
The rescission nullifies the specified notification, with exceptions for actions taken before the rescission.
Legal Basis:
Exercised under section 164 of the Central Goods and Services Tax Act, 2017.
Effect on Taxpayers:
Taxpayers should take note of the rescission and its implications on previous regulations.