The 53rd GST Council, chaired by Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman, recommended a retrospective amendment in Section 122(1B) of the CGST Act from 01.10.2023. This clarifies that the penal provision applies only to e-commerce operators required to collect tax under section 52 of the CGST Act, not to other e-commerce operators.
Source A2ztaxcorp
Latest Posts in "India"
- India and New Zealand sign free trade agreement
- Supreme Court Upholds Retrospective 28% GST on Online Gaming Firms
- Fuel Price Hike Fails to Cover Massive Oil Company Losses
- Delhi Police Busts Two Major GST Fraud Rackets, Eight Arrested for Fake Invoicing and Money Laundering
- GST 2.0 Reshapes India’s Premium Bike Market, Spurs Engine Downsizing and Strategic Shifts













