Budget 2021: Proposed amendments to CGST and IGST Acts

Amendments carried out in the Finance Bill, 2021 will come into effect from the date when the same will be notified, as far as possible, concurrently with the corresponding amendments to the similar Acts passed by the States and Union territories with Legislature. I. AMENDMENTS IN THE CGST ACT, 2017: a. A new clause (aa) in sub-section (1) of Section 7 of the CGST Act is being inserted, retrospect…