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
Commencement of Section 128 of the Finance Act, 2020
The Government of India's Ministry of Finance, under the Department of Revenue and the Central Board of Indirect Taxes and Customs, issued Notification No. 43/2020 – Central Tax on May 16, 2020. This notification, published in New Delhi, announces the commencement date for Section 128 of the Finance Act, 2020. According to the notification, the Central Government has set May 18, 2020, as the date when the provisions of Section 128 will come into effect. This decision is made under the authority granted by subsection (2) of section 1 of the Finance Act, 2020. The notification is signed by Pramod Kumar, the Director of the Government of India. This formal announcement is part of the procedural requirements to bring specific legislative provisions into operation.
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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
G.S.R. ….(E).— In exercise of the powers conferred by sub-section (2) of section 1 of the Finance Act, 2020 (12 of 2020) (hereafter in this notification referred to as the said Act), the Central Government hereby appoints the 18th day of May, 2020, as the date on which the provisions of section 128 of the said Act, shall come into force.
