Haryana Govt Notifies “The Haryana Goods and Services Tax (Amendment) Act, 2024”
By: Admin | December 26, 2024
Categories: GST Recent News | 4 Min Read
The Haryana Government, through Notification No. 203-2024/Ext. dated December 17, 2024, officially notified the Haryana Goods and Services Tax (Amendment) Act, 2024. This amendment introduces significant changes to the Haryana GST Act, 2017, aimed at improving tax administration and compliance.
Key Highlights of the Amendment Act
- Amendments to the Haryana GST Act, 2017
The amendment redefines critical terms like “Input Service Distributor”, revising provisions for tax distribution, input tax credit, and refund policies to align with current GST compliance requirements.
- New Provisions Introduced
Section 11A and 74A: Address the recovery and determination of tax liability for specific periods.
Section 122A: Imposes penalties for using unregistered machinery under special manufacturing procedures.
- Effective Dates
Retrospective Amendments: Many provisions are retroactively applied, including certain input tax credit updates effective July 1, 2017.
General Applicability: Most amendments take effect from November 1, 2024.
- Procedural Updates
New timelines for filing appeals.
Revised penalties for non-compliance with GST regulations.
Options for penalty waivers under specific conditions to promote compliance.
- Repeal and Savings Clause
The Haryana Goods and Services Tax Ordinance, 2024 has been repealed. However, all actions taken under the ordinance remain valid under the amended Act.
Impact on Businesses
These amendments streamline tax administration and enforcement while ensuring that businesses comply with GST regulations. The introduction of penalty waivers and procedural timelines offers flexibility and relief to taxpayers.
Stay informed with the latest GST updates to ensure seamless compliance.
