Detailed analysis of Indirect Tax proposals introduced by the Finance (No. 2) Bill, 2024
Goods and Services Tax (GST) Legislative Changes
[These shall come into effect from the date of assent to the Finance (No.2) Bill, unless specified otherwise]
Exclusion of un-denatured extra-neutral alcohol or rectified spirit from the purview of GST [Section 9 of the Central Goods and Services Tax Act, 2017 (“CGST Act”), Section 7 of the Union Territory Goods and Services Tax Act, 2017 (“UTGST Act”) and Section 5 of the Integrated Goods and Services Tax Act,2017 (“IGST Act”)]
