Seeks to notify the provisions of section 123 of the Finance Act, 2021 (13 of 2021)
Notification of Commencement Date for Section 123 of the Finance Act, 2021
The Government of India, through the Ministry of Finance's Department of Revenue and the Central Board of Indirect Taxes and Customs, has issued Notification No. 27/2023-Central Tax. This notification, dated July 31, 2023, announces that the provisions of Section 123 of the Finance Act, 2021 will come into effect on October 1, 2023. This decision is made under the authority granted by clause (b) of sub-section (2) of section 1 of the Finance Act, 2021. The notification is part of the government's efforts to implement the provisions of the Finance Act in a phased manner. The director responsible for this notification is Alok Kumar.
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GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
NOTIFICATION No. 27/2023–Central Tax
New Delhi, dated the 31st July, 2023
S.O........ (E).—In exercise of the powers conferred by clause (b) of sub-section (2) of section 1 of the Finance Act, 2021 (13 of 2021), the Central Government hereby appoints the 1st day of October, 2023, as the date on which the provisions of section 123 of the said Act shall come into force.
