INTEGRATED GOODS AND SERVICES TAX (AMENDMENT) ACT, 2023
Section 3 - Amendment of section 5
Amendment to Section 5: Exclusion of Certain Goods from Integrated Tax
Section 5 of the principal Act has been amended to specify that the integrated tax on goods will exclude certain goods. These goods will be identified and notified by the Government based on recommendations from the Council. This amendment adds a provision to the existing rule, allowing for specific goods to be exempt from the integrated tax, depending on governmental and council decisions.
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Amendment of section 5.
3. In section 5 of the principal Act, in sub-section (1), in the proviso, after the words "integrated tax on goods", the words "other than the goods as may be notified by the Government on the recommendations of the Council" shall be inserted.
