Clause 3
Amendment of section 32
of Variable Capital Companies (Miscellaneous Amendments) Bill
BillNot in forceProvision 2 of 68
Clause 3
Section 32 of the GST Act is amended by inserting, immediately after subsection (3A), the following subsection:“(3B) The registration under this Act of an umbrella VCC making taxable supplies for the purpose of one of its sub‑funds must be in the name of that umbrella VCC in respect of that sub‑fund, or in the name of that sub‑fund.”.