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of <h1>Section 161 GST Law: No Extra Tax on Retention Payments for Pre-Transition Supplies if Full Tax Previously Paid.</h1> Section 161 of the Model GST Law, 2016, addresses the treatment of retention payments during the transition to the new tax regime. It stipulates that no additional tax is required on goods or services supplied before the appointed day if part of the payment is received after this day, provided the full tax was already paid under the previous law. This provision applies to both the Central Goods and Services Tax (CGST) and State Goods and Services Tax (SGST) laws, ensuring that suppliers are not liable for additional tax on such transactions during the transition period.
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