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Karnataka Cabinet approves climate resilience project worth ₹5,000 crore

Karnataka Cabinet approves climate resilience project worth ₹5,000 crore
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GST: Karnataka issues notification related to five subsumed Acts

Updated: Share Article AAA Nearly four years after Goods and Services Tax (GST) came into force in the country, the State government has notified that the authorities concerned will continue to exercise the powers and discharge functions as per the provisions of five Acts that were subsumed when the tax regime came into force on July 1, 2017. A notification from the Finance Department on March 15 stated that the “notification shall be deemed to have come into effect from July 1, 2017”. The notification has been issued under Section 174 of the Karnataka Goods and Services Tax Act, 2017, and Section 24 of the Karnataka General Clauses Act, 1899. Specifying a list of authorities, the notification stated that they are deemed to have continued to exercise the same powers and discharge the functions authorised under the repealed Acts.

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