Amendment to Integrated Tax Rates for Goods Transport Agencies

Central Government amends Integrated Tax (Rate) notification. Addition of condition for goods transport agencies (GTAs) not paying 12% integrated tax.

Clarifies that Limited Liability Partnerships (LLPs) are considered as partnerships or firms.

Amendment reflects Council recommendations and enhances clarity. Ensures compliance with the Integrated Goods and Services Tax Act, 2017.

Aims to streamline taxation for GTAs and LLPs. Supports the ease of doing business and fosters a transparent tax regime.