Key Amendments in Integrated Tax (Rate) to Boost Government Entities and Brand Rights

The Central Government, under the Integrated Goods and Services Tax Act, 2017, introduces essential amendments. These amendments affect the notification regarding Integrated Tax (Rate) issued on June 28, 2017.

A new entry, "Supply of goods by a Government entity," is added to facilitate transactions with Central and State Governments, Union territories, and local authorities.

The term "Government Entity" is defined to include various bodies set up or established by government entities. Amendments also cover the process for relinquishing brand rights when packing goods.

Affidavits are now required for situations where different entities own brand rights and pack goods. These amendments aim to streamline transactions and protect brand rights in the marketplace.