Goods and services tax changes approved covering exemptions, amended statutes, refunds, filing rules and procedural compliance measures. Council agreed to Law Committee proposals to amend GST statutes and rules: exclude Extra Neutral Alcohol for manufacture of alcoholic liquor from GST; insert a provision empowering regularisation of non-levy/short-levy arising from general practice; restrict IGST refunds where export duty applies; clarify time of supply and invoicing for reverse charge transactions; and introduce consequential procedural and form changes to refund, return and appeal processes to improve compliance and reduce litigation.
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Provisions expressly mentioned in the judgment/order text.
Goods and services tax changes approved covering exemptions, amended statutes, refunds, filing rules and procedural compliance measures.
Council agreed to Law Committee proposals to amend GST statutes and rules: exclude Extra Neutral Alcohol for manufacture of alcoholic liquor from GST; insert a provision empowering regularisation of non-levy/short-levy arising from general practice; restrict IGST refunds where export duty applies; clarify time of supply and invoicing for reverse charge transactions; and introduce consequential procedural and form changes to refund, return and appeal processes to improve compliance and reduce litigation.
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