Section 2(8) of IGST Act: Meaning of “GST (Compensation to States) Act”

Section 2(8) of IGST Act: Meaning of “GST (Compensation to States) Act”

As per Section 2(8) of the Integrated Goods and Services Tax (IGST) Act, 2017, unless the context otherwise requires, the term “Goods and Services Tax (Compensation to States) Act” has been defined, as under:

Section 2(8) of IGST Act: Definition of “Goods and Services Tax (Compensation to States) Act” (CHAPTER I – PRELIMINARY)

“Goods and Services Tax (Compensation to States) Act” means the Goods and Services Tax (Compensation to States) Act, 2017.

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The Integrated Goods and Services Tax (IGST) Act, 2017 was notified by Govt. on 12 April, 2017 and CBIC has notified the commencement date for various Sections/ Provisions thereof from time to time. Subsequently, Govt. has notified the Integrated Goods and Services Tax (IGST) (Amendment) Act, 2018 on 30 Aug. 2018. However, commencement date of amended provisions of various Sections is to be separately notified by CBIC, except where specifically mentioned in the IGST Amendment Act, 2018 itself.

Related Posts:

Integrated Goods and Services Tax (IGST) Act, 2017 (Section-wise/ Chapter-wise)

Section 2 of IGST Act, 2017: Definitions

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