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.