The Government of Karnataka on December 12, 2024, notified Karnataka Goods and Services Tax (Second Amendment) Act, 2024 further to amend the Karnataka Goods and Services Tax Act, 2017.
The following has been stated-
•In section 39 of the Principal Act, for subsection (3), the following sub-section shall be substituted, namely:- “(3) Every registered person required to deduct tax at source under section 51 shall electronically furnish a return for every calendar month of the deductions made during the month in such form and manner and within such time as may be prescribed: Provided that, the said registered person shall furnish a return for every calendar month whether or not any deductions have been made during the said month.”.
•In section 49 of the Principal Act, in subsection (8), in clause (c), after the words and figures “section 73 or section 74”, the words, figures and letter “or section 74A”, shall be inserted.
•In section 50 of the Principal Act, in subsection (1), in the proviso, after the words and figures “section 73 or section 74”, the words, figures and letter “or section 74A”, shall be inserted.
•In section 51 of the Principal Act, in subsection (7), after the words and figures “section 73 or section 74”, the words, figures and letter “or section 74A”, shall be inserted.
•-After section 74 of the Principal Act, the following section shall be inserted, namely:- “74A.Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised for any reason pertaining to Financial Year 2024-25 onwards.
[Notification No.54]
