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TMI BlogTelangana Goods and Services Tax (Amendment) Act, 2021.X X X X Extracts X X X X X X X X Extracts X X X X ..... Official Gazette, appoint. 2. Amendment of section 7 . In the Telangana Goods and Services Tax Act, 2017 (Act No. 23 of 2017) (hereinafter referred to as the principal Act), in section 7, in sub-section (1), after clause (a), the following clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of July, 2017, namely : (aa) the activities or transactions, by a person, other than an individual, to its members or constituents or vice-versa, for cash, deferred payment or other valuable consideration. Explanation. For the purposes of this clause, it is hereby clarified that, notwithstanding anything contained in any other law for the time being in force or any judgment, decree or order of any court, Tribu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , exempt any class of registered persons from filing annual return under this section : Provided further that nothing contained in this section shall apply to any department of the Central Government or a State Government or a local authority, whose books of account are subject to audit by the Comptroller and Auditor-General of India or an auditor appointed for auditing the accounts of local authorities under any law for the time being in force. . 6. Amendment of section 50. In section 50 of the principal Act, in sub-section (1), for the proviso, the following proviso shall be substituted and shall be deemed to have been substituted with effect from the 1st day of July, 2017, namely : Provided that the interest on tax payable in respect of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ny person specified in sub-section (1A) of section 122, in such manner as may be prescribed. . 10. Amendment of section 107. In section 107 of the principal Act, in sub-section (6), the following proviso shall be inserted, namely : Provided that no appeal shall be filed against an order under sub-section (3) of section 129, unless a sum equal to twenty-five per cent. of the penalty has been paid by the appellant. . 11. Amendment of section 129. In section 129 of the principal Act, (i) in sub-section (1), for clauses (a) and (b), the following clauses shall be substituted, namely : (a) on payment of penalty equal to two hundred per cent. of the tax payable on such goods and, in case of exempted goods, on payment of an amount equal to two per ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sold or disposed of otherwise, in such manner and within such time as may be prescribed, to recover the penalty payable under sub-section (3) : Provided that the conveyance shall be released on payment by the transporter of penalty under sub-section (3) or one lakh rupees, whichever is less : Provided further that where the detained or seized goods are perishable or hazardous in nature or are likely to depreciate in value with passage of time, the said period of fifteen days may be reduced by the proper officer. 12. Amendment of section 130. In section 130 of the principal Act, (i) in sub-section (1), for the words Notwithstanding anything contained in this Act, if , the word Where shall be substituted ; (ii) in sub-section (2), in the sec ..... X X X X Extracts X X X X X X X X Extracts X X X X
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