Amendment to Section 31 of the Central Goods and Services Tax Act
Section 31 of the Central Goods and Services Tax Act has been amended to include two key changes. First, in sub-section 3, clause (f), there is an addition after the words referring to compliance with section 9. The amendment specifies that actions must be completed "within the period as may be prescribed," providing a clearer timeframe for compliance. This change aims to ensure that the deadlines for certain actions under the GST framework are explicitly defined and adhered to, enhancing regulatory clarity and compliance.
Secondly, a new explanation has been added after clause (g). This explanation clarifies the term "supplier who is not registered" within clause (f). It now explicitly includes suppliers who are registered solely for the purpose of tax deduction under section 51. This clarification helps in understanding the scope of who is considered a non-registered supplier for certain GST provisions, especially concerning tax deductions. These amendments are designed to improve the understanding and implementation of GST regulations, ensuring that all parties involved have a clear interpretation of the law. These changes reflect a move towards more precise and comprehensive regulatory guidelines within the GST framework.
Note: It is an AI generated summary for reference purpose only.
(a)in sub-section (3), in clause (f), after the words and figure “of section9shall”,thewords“,withintheperiodasmaybeprescribed,”shallbe inserted;
(b)after clause (g), the following Explanation shall be inserted, namely:––
"Explanation.––For the purposes of clause (f), the expression “supplier who is not registered” shall include the supplier who is registered solely for the purpose of deduction of tax under section 51.’.
