Key Amendment in Central Goods and Services Tax Act
Title and Authority:
Government issues amendment under sub-section (6D) of section 25 of the Central Goods and Services Tax Act, 2017.
Authority: Notification No. 03/2021-Central Tax, dated February 23, 2021.
Nature of Amendment:
Addition of the phrase "sub-section (6A) or" after the words "hereby notifies that the provisions of" in the first paragraph.
Legislative Context:
The change aligns with the evolving regulatory framework, strengthening sub-section (6A) provisions.
Effective Date:
The amendment is effective from the date of publication in the Gazette of India.
Legislative Recommendation:
Amendment made based on recommendations from the Council, indicating collaborative decision-making in tax regulations.
Signatory and Official Designation:
Rajeev Ranjan, Under Secretary to the Government of India, officially communicates the amendment.
Regulatory Impact:
The modification aims to enhance the effectiveness of specified provisions, contributing to a more robust tax ecosystem.
This amendment reflects the government's commitment to refining tax regulations for optimal functionality.