The CGST (Amendment) Act 2018 was published on29th August 2018 as Act No. 31 of 2018 with amendment to the following:
Definitions, Reverse Charge for supplies from unregistered to registered persons, Composition Scheme, Inadmissible Input Tax Credits (ITC) under GST- Section 17(5) of CGST Act 2017, GST Registration, Invoicing, GST Audit, Place of Supply, Returns and Input Tax Credit (ITC etc. It has been clarified that - "services" includes facilitating or arranging transactions in securities. Limit for composition scheme has been increased from Rs. 1 crores to Rs. 1.5 Crores. Composition dealers may now supply services of value not exceeding- 10% of turnover in a State or Union territory in the preceding financial year or 5 Lakhs, whichever is higher. Rate of tax on services by composition dealer- 0.5% and 0.5%- SGST and CGST. After Amendment consolidated debit notes / credit notes can be issued for more than one number of original invoices. GST Audit is not applicable now to any Government Department, whose accounts are audited by Comptroller & Auditor General (C&AG) of India.