Indian Tax Solution
INTEGRATED TAX Notification No. 1/2017, DATE - 19th June, 2017
SUBJECT :- CBEC notifies certain sections of IGST Act, 2017 w.e.f. 22.06.2017.
G.S.R. …..(E).- In exercise of the powers conferred by sub-section (3) of section 1 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), the Central Government hereby appoints the 22nd day of June, 2017, as the date on which the provisions of sections 1, 2, 3, 14, 20 and 22 of the said Act shall come into force.
[F. No. 349/72/2017-GST]
Under Secretary to the Government of India
Editorial Note- Central Government vide above Notification No. 01/2017-Integrated Tax, dt. 19-06-2017 has provided 22nd June 2017 as the date on which the following sections of IGST Act, 2017 will come into force:
Short title, extent and commencement
Appointment of officers
Special provision for payment of tax by a supplier of online information and database access or retrieval services
Application of provisions of Central Goods and Services Tax Act
Power to make rules
Huge relief for manufacturers -No GST payments on advances received for supplying goods
On Wednesday, the Central Government spared businesses from paying GST on advance amounts they have received for goods which are to be supplied later in the future. The step was aimed to help clear the confusion over tax liabiliti ...