The Government of Gujarat on September 23, 2026, enacted the Gujarat Goods and Services Tax (Amendment) Act, 2026, which received the Governor’s assent on September 23, 2026, and was published in the Gujarat Government Gazette on the same date. The Act amends the Gujarat Goods and Services Tax Act, 2017, primarily concerning post-supply discounts, credit notes and refund provisions.
The amendment to Section 15(3)(b) permits post-supply discounts to be excluded from the value of supply where the supplier issues a credit note and the recipient reverses the input tax credit attributable to that discount in accordance with Section 34. Section 34(1) is amended to expressly include such discounts as a basis for issuing credit notes. Section 54(6) is amended to include refunds of unutilised input tax credit permitted under Section 54(3)(ii), while Section 54(14) is amended to exclude cases involving refunds of tax on goods exported out of India with payment of tax from the specified restriction.
The Act provides that its provisions will come into force on dates appointed by the State Government through notifications in the Official Gazette. Different dates may be appointed for different provisions. The provided extract does not specify the actual commencement date for these amendments.
[Gujarat Act No. 14 of 2026]
