This Act amends the Mizoram Goods and Services Tax Act, 2017, to refine tax compliance, enforcement, and administrative procedures. It clarifies the definition of "supply" to include transactions between entities and their members, ensuring these are taxable. The Act simplifies annual return filing by allowing self-certified reconciliation and removes the mandatory audit requirement for registered persons. It also updates rules regarding interest on delayed tax payments, strengthens the Commissioner's power to provisionally attach property to protect government revenue, and revises the strict timelines and penalty structures for the detention and seizure of goods during transit. These changes aim to reduce litigation and improve tax administration efficiency.
Official Legislative Text
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