GST changes effective from February 1, 2019

With the Lok Sabha elections coming up in next few months, there were no expectations from the Interim Budget for the Financial Year 2019-2020 as far as Indirect Taxes are concerned. Further, with advent of GST, it is the GST Council which undertakes all the decisions and amendments in the GST laws. Resultantly, the Finance Bill, 2019 presented by the Hon’ble Finance Minister did not contain any amendment in the GST laws. Surprisingly, the Union Government also choose not to make any changes either in the Customs duty rates or the Customs laws.

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NITYA’s Insight – GST changes effective from February 1, 2019