Section 112 of the Finance Act providing for retrospective amendment in Section 50 of the CGST Act related to levy of interest has been notified w.e.f. 01.06.2021 vide Notification No. 16/2021 – Central Tax- Dated 1st June, 2021.
Government of India
Ministry of Finance
(Department of Revenue)
Central Board of Indirect Taxes and Customs
S.O. 2129(E).— In exercise of the powers conferred by sub-section (2) of section 1 of the Finance Act, 2021 (13 of 2021) (hereinafter referred to as the said Act), the Central Government hereby appoints the 1st day of June, 2021, as the date on which the provisions of section 112 of the said Act shall come into force.
[F. No. CBIC-20001/5/2021]
RAJEEV RANJAN, Under Secy.