Bare Act
The West Bengal Goods And Services Tax (Amendment) Act, 2024
Tax20245 sections
This Act amends the West Bengal Goods and Services Tax Act, 2017 to update tax rules for businesses. It clarifies the definition of an Input Service Distributor and adds specific goods like extra neutral alcohol to taxable supplies. The legislation introduces a new provision allowing the government to waive tax recovery if a general practice of non-levy exists, and updates tax payment timelines. It also modifies the tax treatment of specific insurance activities in Schedule III and prevents refunds of tax paid under certain circumstances. These changes aim to streamline compliance and address specific sectoral needs within the state's GST framework.
- 1. Short title and commencement
- 2. In the West Bengal Goods and Services Tax Act, 2017,-
- 3. Amendment of Schedule III
- 4. No refund shall be made ofall thetax paid ortheinput tax credit reversed, which
- 10. Services by insurer to the reinsurer for which ceding commission or the reinsurance commission is deducted from
PDF: pending for this language.