The Central Board of Indirect Taxes and Customs (CBIC) has delayed the implementation of certain GST provisions from the Finance (No.2) Act, 2024. These changes, including the GST Amnesty Scheme and relief under Section 16(4), may be take effect after the 54th GST Council Meeting.
CBIC clarifies that the notification to bring into force the provisions of Finance Act in respect of GST is to be issued by the Central government on the recommendations of the GST Council, as it would need to be done in coordination with the states, who are required to make similar amendments in their SGST Acts. GST Council is meeting tentatively on 9 th September 2024, where the issue will be placed before the Council for its recommendations.
Source- Twitter
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