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

Sikkim Goods and Services Tax (Amendment) Act, 2022

28-Mar-2023 | 11(656)L&PA

Government of Sikkim has issued the Sikkim Goods and Services Tax (Amendment) Act, 2022, effective from 28th March 2023.

The key highlights are:

1. The Government may, on the recommendations of the Council, prescribe a class of registered persons who shall provide prescribed modes of electronic payment to the recipient of a supply of goods or services, or both made by him and give the option to such recipient to make payment accordingly, in such manner and subject to such conditions and restrictions, as may be prescribed.

2. A registered person shall not be allowed to furnish the details of outward supplies under sub-section (1) for a tax period, if the details of outward supplies for any of the previous tax periods have not been furnished by him.

3. Every registered person shall, subject to such conditions and restrictions as may be prescribed, be entitled to avail the credit of eligible input tax, as self-assessed, in his return and such amount shall be credited to his electronic credit ledger.

For detailed information, please refer to the attached document.

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