46 Amendments To GST Law On Anvil; Employers May Get To Claim Input Tax Credit On Food, Transport

Employers will soon be able claim input tax credit on facilities like food, transport and insurance provided to employees under any law, once the proposed amendments to the GST Act are approved by Parliament and the state legislatures. The government has proposed as many as 46 amendments to the Goods and Services Tax laws--Central GST, State GST, Integrated GST and Compensation of Sales Act. The a…