Ministry of Finance, through Notification No. 17/2024 dated 27th September 2024, announces the implementation dates for various sections of the Finance (No. 2) Act, 2024. As per the notification, sections 118, 142, 148, and 150 of the Act will take effect from the date of the notification’s publication in the Official Gazette. Additionally, sections 114 to 117, 119 to 141, 143 to 147, 149, and 151 to 157 will come into force on 1st November 2024. This phased enforcement allows for the gradual implementation of various provisions of the Finance Act, impacting taxation and other fiscal regulations. The notification was issued under the authority of the Central Board of Indirect Taxes and Customs (CBIC) and signed by Raushan Kumar, Under Secretary.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
New Delhi
Notification No. 17/2024–Central Tax | Dated : 27th September, 2024
S.O. 4253(E).—In exercise of the powers conferred by clause (b) of sub-section (2) of section 1 of the Finance (No. 2) Act, 2024 (15 of 2024), the Central Government hereby appoints. —
(a) the date of publication of this notification in the Official Gazette, as the date on which the provisions of sections 118, 142, 148 and 150 of the said Act shall come into force; and
(b) the 1st day of November, 2024, as the date on which the provisions of sections 114 to 117, 119 to 141, 143 to 147, 149 and 151 to 157 of the said Act shall come into force.
[F. No. CBIC-20006/20/2023-GST]
RAUSHAN KUMAR, Under Secy.
