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GST - Highlights / Catch Notes

Home Highlights October 2024 Year 2024 This

Central Government empowers Principal Bench of Appellate ...


Govt empowers tax tribunal to assess pricing impact of ITC, tax cuts on goods/services supplied by registered entities.

Notifications     GST

October 1, 2024

Central Government empowers Principal Bench of Appellate Tribunal to assess impact of input tax credits and tax rate reductions on pricing of goods and services supplied by registered persons. This power is conferred u/s 171(2) read with Section 109(1) and second proviso to Section 109(5) of Central Goods and Services Tax Act, 2017, on recommendations of GST Council. Notification comes into force from 1st October 2024.

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