In-Principle approval given for Law Amendments during 31stMeeting of the GST Council

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... In-Principle approval given for Law Amendments during 31stMeeting of the GST Council - Goods and Services Tax - GST Dated:- 22-12-2018 - News - The GST Council in its 31 st meeting held today at .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... New Delhi gave in principle approval to the following amendments in the GST Acts: Creation of a Centralised Appellate Authority for Advance Ruling (AAAR) to deal withcases of conflicting dec .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... isions by two or more State Appellate Advance Ruling Authorities on the same issue. Amendment of section 50 of the CGST Act to provide that interest should be charged only on the net tax li .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ability of the taxpayer, after taking into account the admissible input tax credit, i.e. interest would be leviable only on the amount payable through the electronic cash ledger. The above re .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... commendations of the Council will be made effective only after the necessary amendments in the GST Acts are carried out. - News - Press release - PIB Tax Management India - taxmanagementindia - t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... axmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X