Seeks to bring into force Section 128 of Finance Act, 2020 in order to bring amendment in Section 140 of CGST Act w.e.f. 01.07.2017


Quick Summary
This notification announces the enforcement of Section 128 of the Finance Act, 2020, effective from 18th May 2020. This brings about an amendment to Section 140 of the CGST Act. The amendment is backdated to apply from 1st July 2017.

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 43/2020 Central Tax New Delhi, the 16th May, 2020
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FAQ :

Section 128 of the Finance Act, 2020 comes into force on the 18th day of May, 2020.

The notification brings into force Section 128 of the Finance Act, 2020, which amends Section 140 of the CGST Act.

The amendment to Section 140 of the CGST Act is effective from 1st July 2017.

Section 128 of the Finance Act, 2020 is being enforced.

 

Guest
Notification No : Notification No. 43/2020 – Central Tax
Published in GST
Source : https://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-43-central-tax-english-2020.pdf

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