The Government of Karnataka on July 19, 2024, notified the Karnataka Goods and Services Tax (Amendment) Bill, 2024 to further amend the Karnataka Goods and Services Tax Act, 2017.
The following has been stated-
•In section 2, for clause (61), the following shall be substituted, namely:- “(61) “Input Service Distributor” means an office of the supplier of goods or services or both which receives tax invoices towards the receipt of input services, including invoices in respect of services liable to tax under sub-section (3) or subsection (4) of section 9, for or on behalf of distinct persons referred to in section 25 and liable to distribute the input tax credit in respect of such invoices in the manner provided in section 20.”
•For section 20 of the principal Act, the following section shall be substituted, namely:- 20. Manner of distribution of credit by Input Service Distributor
•Insertion of new section 122A Penalty for failure to register certain machines used in manufacture of goods as per special procedure.
[LA Bill No. 29 of 2024]
