Karnataka Goods and Services Tax (Amendment) Act, 2023

01-Aug-2023 | KARNATAKA ACT NO. 32 OF 2023

Government of Karnataka has issued the Karnataka Goods and Services Tax (Amendment) Act, 2023, amending the provisions of the Karnataka Goods and Services Tax Act, 2017. These amendments come into effect from 1st August 2023. The key highlights of these amendments are as follows: 1. In section 23 of the principal Act, the following subsection shall be substituted and shall be considered to have been substituted with effect from the 1st day of July 2017: Notwithstanding anything to the contrary contained in subsection (1) of section 22 or section 24, the Government may, on the recommendations of the Council, through notification, subject to specified conditions and restrictions, determine the category of persons exempted from obtaining registration under this Act. 2. Amendment of section 39: A new subsection shall be inserted after subsection (10) in section 39 of the principal Act, which states: A registered person shall not be permitted to furnish a return for a tax period after the completion of three years from the due date of submitting the said return. However, the Government, upon recommendations from the Council, can issue a notification to allow a registered person or a particular class of registered persons to furnish the return for a tax period, even after the three-year period from the due date of submitting the return. 3. Amendment of section 56: In section 56 of the principal Act, the following changes shall be made: The phrase from the date immediately after the expiry of sixty days from the date of receipt of the application under the said sub-section till the date of refund of such tax shall be replaced with for the period of delay beyond sixty days from the date of receipt of such application until the date of refund of such tax, to be computed in such a manner and subject to such conditions and restrictions as may be prescribed. Please note that the provisions of sections 2 to13 and 20 to 23 shall come into force on the 1st October 23

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Karnataka Goods and Services Tax (Amendment) Act, 2023

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Karnataka Goods and Services Tax (Amendment) Act, 2023

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