Indian Tax Solution
Integrated Tax Notification No. 3/2017 - New Delhi, 28th June, 2017
Subject:Govt. brings into force certain sections of the IGST Act, 2017 w.e.f 01.07.2017
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 1st day of July, 2017, as the date on which the provisions of sections 4 to 13, 16 to 19, 21, 23 to 25 of the said Act, shall come into force.
[F. No. 349/72/2017-GST]
(Dr. Sreeparvathy S.L.)
Under Secretary to the Government of India
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 ...