Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>KGST Amendment Act 2018: Extended Payment Period for Seized Goods, Registration Suspension Updates in Circulars.</h1> The Karnataka Goods and Services Tax (KGST) Amendment Act, 2018, effective from February 1, 2019, has led to revisions in previous circulars. Key changes include extending the payment period for tax and penalties on seized goods from seven to fourteen days, as outlined in Circular No. GST-02/2018-19. Additionally, Circular No. GST-07/2018-19 has been updated to incorporate the suspension of registration, allowing taxpayers relief from routine compliance during cancellation proceedings. The requirement to file a final return remains unchanged. The circular aligns with the Central Circular No. 88/07/2019-GST and is effective from the same date.
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