The Government of Karnataka, specifically by the Finance Department issued a notification dated 22nd April, 2024, pertaining to an amendment in the Karnataka Goods and Services Tax Act, 2017.
The notification, announces an alteration to a previous notification issued on 18th January, 2024. The previous notification outlines the specific procedures and requirements for registered persons engaged in manufacturing goods to provide detailed information on packing machines, power consumption, inputs used, and products manufactured, as well as the necessary forms and deadlines for submission.
The key modification specified in the notification is the substitution of the effective date from the 1st April, 2024 to the 15th May, 2024.
This communication from the Karnataka Government Secretariat is significant as it reflects the legislative changes in the application of the Karnataka Goods and Services Tax Act, 2017.
By altering the effective date of a previous notification, the government is exercising its authority to amend regulations related to goods and services taxation in the state.
