The Goa Goods and Service Tax (Amendment) Bill, 2022, received the cabinets approval on Wednesday. As per the amendment, the registration of a person paying tax under Section 10 of the act is liable to be cancelled if the return for a financial year has not been furnished beyond three months from the due date.
The bill seeks to amend clause (b) of sub-section (2) of Section 29 of the act and will be introduced in the upcoming assembly session of Goa legislative assembly.
It seeks to insert a new sub-clause (ba) in clause (2) of explanation in order to provide clarity regarding the relevant date for filing refund claims in respect of supplies made to a Special Economic Zone developer or a Special Economic Zone unit.