The Government of Karnataka on December 12, 2024, notified Karnataka Goods and Services Tax (Second Amendment) Bill, 2024 further to amend the Karnataka Goods and Services Tax Act, 2017.
The following has been stated: -
•In section 9, in sub-section (1), after the words “alcoholic liquor for human consumption”, the words “and un-denatured extra neutral alcohol or rectified spirit used for the manufacture of alcoholic liquor, for human consumption”, shall be inserted.
•In section 10 of the principal Act, in subsection (5), after the words and figures “section 73 or section 74”, the words, figures, and letter “or section 74A”, shall be inserted.
•After section 11 of the principal Act, the following new section shall be inserted, namely:- 11A. Power not to recover Goods and Services Tax not levied or short-levied because of general practice.
Section 1 shall be deemed to have come into force with effect from November 13, 2024. Save as otherwise provided, remaining sections shall come into force on such date, with prospective or retrospective effect, as the Government may, by notification in the Official Gazette, appoint.
The detailed notification is given in the document below.
[Notification No. LA Bill No. 49 of 2024]
