CBIC brings into force Sections 118, 125, 129 & 130 of Finance Act, 2020 in order to bring amendment to Sections 2, 109, 168 & 172 of CGST Act w.e.f. 30.06.2020 vide Notification No. 49/2020-Central Tax Dated 24th June, 2020.
Extract of Sections 118, 125, 129 & 130 of Finance Act, 2020
118. Amendment of section 2.
In section 2 of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as the Central Goods and Services Tax Act), in clause (114), for sub-clauses (c) and (d), the following sub-clauses shall be substituted, namely:—
“(c) Dadra and Nagar Haveli and Daman and Diu;
(d) Ladakh;”.
125. Amendment of section 109.
In section 109 of the Central Goods and Services Tax Act, in sub-section (6),—
(a) the words “except for the State of Jammu and Kashmir” shall be omitted;
(b) the first proviso shall be omitted.
129. Amendment of section 168.
In section 168 of the Central Goods and Services Tax Act, in sub-section (2), for the words, brackets and figures “sub-section (5) of section 66, sub-section (1) of section 143”, the words, brackets and figures “sub-section (1) of section 143, except the second proviso thereof” shall be substituted.
130. Amendment of section 172.
In section 172 of the Central Goods and Services Tax Act, in sub-section (1), in the proviso, for the words “three years”, the words “five years” shall be substituted.
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Ministry of Finance
(Department Of Revenue)
(Central Board of Indirect Taxes and Customs)
Notification No. 49/2020-Central Tax
New Delhi, the 24th June, 2020
G.S.R. 402(E).—In exercise of the powers conferred by sub-section (2) of section 1 of the Finance Act, 2020 (12 of 2020) (hereinafter referred to as the said Act), the Central Government hereby appoints the 30th day of June, 2020, as the date on which the provisions of sections 118, 125, 129 and 130 of the said Act, shall come into force.
[F. No. CBEC- 20/06/09/2019-GST]
PRAMOD KUMAR, Director
Links and Details of 9 GST Notification & one GST Instruction issued by CBIC on 24.06.2020
| S. No. | Title | Notification No. | Date |
| 1. | GST Payment by Builders- Form DRC-03 for Shortfall from 80% | Instruction No. 3/2/2020- GST | 24/06/2020 |
| 2. | CBIC reduces interest rate for tax periods from Feb to July 2020 | Notification No. 05/2020 –Integrated Tax/G.S.R. 410(E). | 24/06/2020 |
| 3. | Amendment to section 25 of IGST Act, 2017 notified wef 30.06.2020 | Notification No. 04/2020 –Integrated Tax/G.S.R. 409(E). | 24/06/2020 |
| 4. | GST interest rate for tax periods from February 2020 to July 2020 | Notification No. 02/2020–Union Territory Tax/G.S.R. 408(E) | 24/06/2020 |
| 5. | GSTR-3B due date- August 2020- Annual turnover up to Rs. 5 crore | Notification No. 54/2020-Central Tax/G.S.R. 407(E) | 24/06/2020 |
| 6. | Waiver of late fee for delay in filing GSTR-1- March to June 2020 | Notification No. 53/2020-Central Tax/G.S.R. 406(E) | 24/06/2020 |
| 7. | CBIC notifies one time amnesty for non furnishing of GSTR-3B | Notification No. 52/2020-Central Tax/G.S.R. 405(E) | 24/06/2020 |
| 8. | Interest rate (Feb to July 2020) for delayed filing/payment of GSTR 3B | Notification No. 51/2020-Central Tax/G.S.R. 404(E) | 24/06/2020 |
| 9. | CBIC amends GST Rates under GST Composition Scheme | Notification No. 50/2020-Central Tax/G.S.R. 403(E) | 24/06/2020 |
| 10. | CBIC notifies 4 GST Amendment of Finance Act 2020 w.e.f. 30.06.2020 | Notification No. 49/2020-Central Tax/G.S.R. 402(E) |
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