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Taxation Rajasthan Ministry of Finance Rajasthan Goods and Services Tax Act, 2017

Rajasthan Goods and Service Tax (Amendment) Act, 2023

07-Aug-2023 | No. F. 2(34)Vidhi/2/2023

Government of Rajasthan has issued a circular with respect to the Rajasthan Goods and Service Tax (Amendment) Act, 2023 by amending the provisions of the Rajasthan Goods and Service Tax 2017 The highlights of the amendment are: 1. Modification in Section 16(2)(i) stating that where a recipient fails to pay the supplier of goods or services or both, an amount equal to the input tax credit availed by the recipient shall be paid by him along with interest payable under section 50 in such manner as may be prescribed. 2. Modification in Section 16(2)(ii) stating that the recipient shall be entitled to avail of the credit of input tax on payment made to the supplier of the amount towards the value of supply of goods or services or both along with tax payable thereon, etc. 3. Modification in Section 30 states that a person may apply to such officer for revocation of cancellation of the registration in such manner, within such time, and subject to such conditions and restrictions, as may be prescribed. Previously, the time limit was of thirty days from the date of service of the cancellation order. Please note that the provisions of sections 2 to 24 (except sections 14 to 19) of the Act shall come into force on 1st October 2023

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