TaxTMI 
TaxTMI 
Assam Goods and Services Tax (Amendment) Act, 2022
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....reas, it is expedient to amend the Assam Goods and Services Tax Act, 2017 (Assam Act No. XXVIII of 2017), hereinafter referred to as the principal Act, in the manner hereinafter appearing: It is hereby enacted in the Seventy-third Year of the Republic of India as follows: - Short title, extent and commencement 1. (1) This Act may be called the Assam Goods and Services Tax (Amendment) Act, 2022. (2) It extends to the whole 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 referen....
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....hirtieth day of November" shall be substituted. Amendment of section 37 5. In the principal Act, in section 37,- (a) in sub-section (1), - (i) in the third line, in between the words and punctuation marks "shall furnish, electronically," and "in such form", the words "subject to such conditions and restrictions and" shall be inserted; (ii) in the sixth line, for the words "shall be communicated to the recipient 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; (ii....
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....us tax periods. ". Substitution of section 38 6. In the principal Act, for section 38, the following section shall be substituted, namely:- "Communication of details of inward supplies and input tax credit. 38.(1) The details of outward supplies furnished by the registered persons under sub-section (1) of section 37 and of such other supplies as may be prescribed, and an auto-generated statement containing the details of input tax 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- ....
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.... 7. In the principal Act, in section 39, - (a) in sub-section (5), in the third line, for the word "twenty" appearing between the words "within" and "days", the word "thirteen" shall be substituted; (b) in sub-section (7), for the first proviso, the following proviso shall be substituted, namely:- "Provided that every registered person furnishing return under the proviso to sub-section (1) shall pay to the Government, in such form and manner, and 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 ....
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....y registered person shall, subject to such conditions and restrictions as may be prescribed, be entitled to avail the credit of eligible input tax, as self-assessed, in his return and such amount shall be credited to his electronic credit ledger. (2) The credit of input tax availed by a registered person under sub-section (1) in respect of such supplies of goods or services or both, the tax payable whereon has not been paid by the supplier, shall be reversed along with applicable interest, by the 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....
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....l, subject to such conditions and restrictions, specify such maximum proportion of output tax liability under this Act or under the Integrated Goods and Services Tax Act, 2017 which may be discharged through the electronic credit ledger by a registered person or a class of registered persons, as may be prescribed.". Amendment of section 50 13. In the principal Act, in section 50, for sub-section (3), the following sub-section shall be substituted and shall be deemed to have been substituted with effect from the 1st day of July, 2017, namely:- "(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....