The Central Goods and Services Tax Amendment Bill Has Passed the Parliamentary Test: An Explanation of The Potential Changes

GST collection

The Rajya Sabha, the parliament’s upper chamber, approved the Central Goods and Services Tax (Second Amendment) Bill, 2023 on Wednesday. The bill to replace the Indian Evidence Act, Code of Criminal Procedure, and Indian Panel Code was approved by the upper house just before the change was submitted.

Since the Rajya Sabha approved the Centre GST second amendment bill, many have begun to wonder why the law was presented, what changes it will bring, and why the modification was necessary. We have addressed every relevant question here.

Why the Second Amendment to the Central Goods and Services Tax Bill was presented

The Bill was proposed to enable attorneys with ten years of experience to be eligible to serve as members of the GST Appellate Tribunal and to raise the maximum age restriction of the chairman from the current 65 years to 67 years.

What will be the Tribunal members’ minimum age?

The second amendment bill stipulates that members of the Tribunal must be at least 50 years old. The federal government had already announced the formation of 31 benches for the GST Appellate Tribunal on September 15. Lawyers, on the other hand, are not qualified to become members of this tribunal.
membership in the Appellate Tribunal in the event that they have accumulated 10 years of significant expertise in indirect tax litigation.

October saw the proposal for the change.

Following its approval at the GST Council’s 52nd meeting on October 7, the change was put out as a bill. The Center released comprehensive guidelines in October on the selection and appointment of the Chairman and Members of the Goods and Services Tax (GST) Appellate Tribunal.

It said that the chairman and members would get a salary of Rs 2.25 lakh per month, with any pension payments to be subtracted from their pay. The steps and benefits available to a Government of India official holding a Group ‘A’ position of single pay, except provident fund and gratuity benefits, would be extended to the Chairman and Member.

Before taking office, the regulation required that the tribunal’s members and president disclose all of their financial obligations, assets, and other interests. Furthermore, before entering the tribunal, the chairman or member is required by law to resign or accept voluntary retirement, and they are prohibited from doing any arbitral work while serving in these roles on the tribunal.

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