GST Law

The Minister of Finance, Govt of India, Mr. Piyush Goyal introduced The Central Goods and Services Tax (Amendment) Bill, 2018 in the Lok Sabha on August 7, 2018. The Bill brought about some amendments to the Central Goods and Services Tax Act, 2017. The Act mentions in full detail the framework of how the central government would implement and also collect the GST on the supply of goods and/or services between states. Most of the provisions are in force from February 1, 2019; and they are applicable from July 1, 2017 – with retrospective effect. Now we will take a look at some of the main amendments:

Definitions

  1. Central Board of Indirect Taxes and Customs (CBIC) has replaced the Central Board of Excise & Customs (CBEC).
  2. The Amendment has removed the definition of Business Vertical
  3. The Amendment brings the activities of a race club within the purview of business. These activities can be the use of a totalizator (a device which details the number and amount of bets made, and subsequently facilitates the division of the total bet money among the winners), or the activities of a licensed bookmaker within such a club.
  4. The Amendment has also clarified that “services” will also mean the facilitation of transactions in securities.
Case Studies

Terms And Conditions

The Bar Council of India, inter alia regulates the conduct of Law firms in India and prohibits them from soliciting clients by way  advertising their services. The website for A&J Legal Consultancy & Law Firm has been constructed bearing in mind the rules of the Council. By choosing to visit this website you hereby acknowledge and accept the following:

  1. There has been no advertisement, personal communication, solicitation, invitation or inducement of any sort whatsoever from the Firm or any of its  members to solicit any work or advertise through this website. Further the website is not for the purpose of advertising or solicitation and contents of the website should not be constructed as legal advice in any manner.
  2. Website and blog attached to it is for the educational purposes and abundant caution has been taken to draft the contents of this website, however, we do not promise or guarantee that the information would be accurate, complete and up to date at all times. Accordingly, we shall not be liable for any loss or damage caused or likely to be caused by relying on the information contained in this website.
  3. Any activity on the website will not create or constitute an attorney-client relationship.
  4. The information about the LLP is provided to the user only on his/her specific request and any information obtained or materials downloaded from this website are completely at the user’s volition and any transmission, receipt or use of this website would not create any lawyer-client relationship.
  5. The content of the website is the Intellectual Property of the A&J Legal Consultancy & Law Firm

 

That you have fully read and understood this Disclaimer.