• Notification Date: 29-04-2023
• Notification No: N/A

ICAI Released GST Act and Rules Bare Law Updated upto Finance Act 2023

The Institute of Chartered Accountants of India (ICAI) has released the GST Act(s) and Rule(s) – Bare Law with the amendments made till March 31, 2023, including the amendments made vide the Finance Act, 2023. 

The Central Goods and Services Tax Act, 2017, the Integrated Goods and Services Tax Act, 2017, the Union Territory Goods and Services Tax Act, 2017, the GST (Compensation to States) Act, 2017, the Constitution (101st Amendment) Act, 2016, the Central Goods and Services Tax Rules, 2017 and the Integrated Goods and Services Tax Rules, 2017 comprise the publication. 

The introduction of Goods and Services Tax (GST) is one of the most historic and impactful economic reforms in India. GST is a comprehensive, multi-stage, destination-based indirect tax that is levied on every stage of value addition across the country. Being a transaction tax, GST is a highly dynamic tax as it continually evolves to suit the needs of the businesses in the changing economic conditions of the country. 

ICAI being a ‘partner in nation building’ and the GST & Indirect Taxes Committee being entrusted with the responsibility of ‘GST Knowledge Dissemination’, we try our best in providing unstinted support to the Government in implementing the GST law in the best possible manner. The Committee spares no effort in developing various knowledge resources on GST like technical publications, e-learning, newsletter, updates etc. from time to time to make the members as well as other stakeholders more able and proficient in GST. 

Continuing its efforts, the Committee has revised its publication “GST Act(s) and Rule(s) – Bare Law” with the amendments made till 31.03.2023 including the amendments made vide the Finance Act, 2023. The publication consists of the Central Goods & Services Tax Act, 2017, the Integrated Goods & Services Tax Act, 2017, the Union Territory Goods & Services Tax Act, 2017, the GST (Compensation to States) Act, 2017, the Constitution (101st Amendment) Act, 2016, the Central Goods & Services Tax Rules, 2017 and the Integrated Goods & Services Tax Rules, 2017.