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of <h1>Amendment to Section 7 of CGST Act: Transactions with Members Now Deemed Between Separate Entities from July 2017.</h1> Section 7 of the Central Goods and Services Tax Act, 2017, is amended by inserting a new clause (aa) in sub-section (1). This clause, effective from July 1, 2017, specifies that activities or transactions between a person, other than an individual, and its members or constituents, for cash, deferred payment, or other consideration, are considered as transactions between two separate entities. The explanation clarifies that such transactions are deemed to occur between distinct persons, regardless of any other law or court judgment, decree, or order.
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