Rulemaking power under GST enables government to prescribe implementation rules, allow retrospective effect, and provide penalties. Government may, on Council recommendation, make rules to implement the Act, including prescribing matters required or permitted by the Act; such rules may ... Summary
Rulemaking power under GST enables government to prescribe implementation rules, allow retrospective effect, and provide penalties.
Government may, on Council recommendation, make rules to implement the Act, including prescribing matters required or permitted by the Act; such rules may be given retrospective effect not earlier than the Act's commencement and may provide for a monetary penalty not exceeding ten thousand rupees for contraventions.
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