Amendment in IGST Act: New Rules for Supply of Used Goods

The Central Government, exercising its authority under the IGST Act, 2017, has introduced pivotal amendments. The changes affect the notification regarding Integrated Tax (Rate) issued on June 28, 2017.

A new serial number 6 has been added, allowing the supply of used vehicles, seized and confiscated goods, old and used goods, waste, and scrap.

The supplier of these goods includes Central Government, State Government, Union territory, or a local authority. Any registered person can now be the recipient of such supplies.

This amendment aims to streamline the process for the supply of used goods, enhancing efficiency and transparency. These changes, enacted by the Central Government, signify a step towards facilitating smoother trade practices.