The GST Act came in force from 1st July, 2017. There were many interpretation issues with respect to the acts and rules provided therein in the law. Since, such acts clause and rules were adopted from various legacy laws in India prior to GST; such as Service Tax, State VAT, Central Excise Act, Luxury Tax, Entertainment Tax, etc. it was difficult to make applicable one meaning for different sectors. Hence, some modifications from existing sections and rules were required. Therefore, it was important to amend the sections and rules time to time referring the current scenario and trade practice. The Notification discussed here is ”Notification No. 28/2017-Central Tax”.
Contents of Notification:
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
Notification No.28 /2017 – Central Tax
New Delhi, the 01st September, 2017
G.S.R. ( )E.:- In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby waives the late fee payable under section 47 of the said Act, for all registered persons who failed to furnish the return in FORM GSTR-3B for the month of July, 2017 by the due date.
[F. No. 349/74/2017-GST(Pt.)]
(Dr.Sreeparvathy S.L.)
Under Secretary to the Government of India
The Notification can be Downloaded here