Amendment status not verified — confirm the current text below against the official source.
The proposed Puducherry Goods and Services Tax (Second Amendment) Bill, 2020, inter alia, provides for the following, namely:— (i) to align the definition of "Union territory" in line with the Jammu and Kashmir Reorganisation Act, 2019 and the Dadra and Nagar Haveli and Daman and Diu (Merger of Union territories) Act, 2019. (ii) to harmonise the conditions for eligibility for opting to pay composition tax. (iii) to delink the date of issuance of debit note from the date of issuance of the underlying invoice for purposes of availing input tax credit. (iv) to provide for cancellation of registration of taxpayers who have got voluntary registration. (v) to empower the jurisdictional tax authorities to extend the period for filing application for revocation of cancellation of registration. 143 (vi) to empower the Government to notify the categories of services or supplies in respect of which tax invoice shall be issued and to make rules regarding the time and manner of its issuance. (vii) to empower the Government to make rules to provide for the form and manner in which a certificate of tax deduction at source shall be issued. (viii) to make the beneficiary of certain transactions which are declared as offence under the Act and at whose instance such transactions are conducted, liable for penalty. (ix) to make the offence of fraudulent availment of input tax credit without invoice or bill cognizable and non-bailable offence and to make any person who retains the benefit of certain transactions and at whose instance such transactions are conducted liable for punishment. (x) to prescribe the time limit and the manner for availing input tax credit of unavailed credit under the existing law, retrospectively from the 1st day of July, 2017. (xi) to empower the Government, on the recommendations of the Council, by notification, to extend the time limit specified in, or prescribed or notified under, the Act in respect of actions which cannot be completed or complied with due to force majeure. (xii) to extend the time limit provide for removal of difficulties from three years to five years. (xiii) to amend provisions relating to "transfer of business entries" in Schedule II of the Act which deals with activities to be treated as supply of goods and supply of services, so as to bring in clarity. (xiv) to provide retrospective exemption from State tax on supply of fishmeal, during the period from the 1st day of July, 2017 up to 30th day of September,