TaxTMI 
TaxTMI 
Assam Goods and Services Tax (Amendment) Act, 2022
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.... Tax (Amendment) Act, 2022. (2) It extends to the whole of the State of Assam. (3) Save as otherwise provided, the provisions of this Act shall come into force on such date as the Government may, by notification in the Official Gazette, appoint : Provided that different dates may be appointed for different provisions of this Act and any reference in any such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision. 2. Amendment of section 16.-In the principal Act, in section 16,- (a) in sub-section (2),-- (i) after clause (b), the following clause shall be inserted, namely :- "(ba) the details of input tax credit in respect of the said suppl....
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....nt of the said supplies within such time and in such manner as may be prescribed", the words "shall, subject to such conditions and restrictions, within such time and in such manner as may be prescribed, be communicated to the recipient of the said supplies" shall be substituted ; (iii) the first proviso shall be omitted ; (iv) in the second proviso, in the first line, for the words "Provided further that", the words "Provided that" shall be substituted ; (v) in the third proviso, in the first line, for the words "Provided also that", the words "Provided further that" shall be substituted ; (b) sub-section (2) shall be omitted ; (c) in sub-section (3),- (i) in the second line, the words,....
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.... credit shall be made available electronically to the recipients of such supplies in such form and manner, within such time, and subject to such conditions and restrictions as may be prescribed. (2) The auto-generated statement under sub-section (1) shall consist of- (a) details of inward supplies in respect of which credit of input tax may be available to the recipient ; and (b) details of supplies in respect of which such credit cannot be availed, whether wholly or partly, by the recipient, on account of the details of the said supplies being furnished under sub-section (1) of section 37,- (i) by any registered person within such period of taking registration as may be prescribed ; or (ii) by a....
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.... within such time, as may be prescribed,- (a) an amount equal to the tax due taking into account inward and outward supplies of goods or services or both, input tax credit availed, tax payable and such other particulars during a month ; or (b) in lieu of the amount referred to in clause (a), an amount determined in such manner and subject to such conditions and restrictions as may be prescribed." ; (c) in sub-section (9),- (i) in the first line, for the words and figures and punctuation mark "Subject to the provisions of sections 37 and 38, if", the word "Where" shall be substituted ; (ii) in the proviso, in the second line, for the words "the due date for furnishing of return for the month of se....
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....e said person in such manner as may be prescribed : Provided that where the said supplier makes payment of the tax payable in respect of the aforesaid supplies, the said registered person may re-avail the amount of credit reversed by him in such manner as may be prescribed.". 9. Omission of sections 42, 43 and 43A.-In the principal Act, section 42, 43 and 43A shall be omitted. 10. Amendment of section 47.-In the principal Act, in section 47, in sub-section (1),- (a) in the first line, the words "or inward" appearing between the words "outward" and "supplies", shall be omitted ; (b) in the second line, the words and figure "or section 38" appearing between the figure and word "37" and "or", shall be omitted ;....
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.... :- "(3) Where the input tax credit has been wrongly availed and utilised, the registered person shall pay interest on such input tax credit wrongly availed and utilised, at such rate not exceeding twenty-four per cent. as may be notified by the Government, on the recommendations of the Council, and the interest shall be calculated, in such manner as may be prescribed.". 14. Amendment of section 52.-In the principal Act, in section 52, in sub-section (6), in the proviso in the second line, for the words "due date for furnishing of statement for the month of September", the words "thirtieth day of November" shall be substituted. 15. Amendment of section 54.-In the principal Act, in section 54,- (a) in sub-section (1),....