GST Amendments in Sections 110 and 111 of Finance Act, 2022 applicable from 1st October: CBIC [Read Notification]

The Central Board of Indirect Taxes and Customs (CBIC) has notified that the GST amendment to implement the changes in the provisions of sections 100 to 114, except clause (c) of section 110 and section 111, of the Finance Act, 2022 from 1^st October 2022.

Finance Act 2022 made around fifteen amendments which include insertions and substitutions made in the CGST Act 2017. They were covered by section 100 to section 114 of the Finance Act, 2022 (6 of 2022). All the amendments made in the Finance Act, 2022 have been notified. The following notifications have been issued by the Ministry of Finance in order to notify the applicability and the effective date of the amended/introduced sections.

The notification issued on 28^th September said that “In exercise of the powers conferred by clause (b) of sub-section (2) of section 1 of the Finance Act, 2022 (6 of 2022), the Central Government hereby appoints the 1st day of October, 2022, as the date on which the provisions of sections 100 to 114, except clause (c) of section 110 and section 111, of the said Act shall come into force.”

To Read the full text of the Order CLICK HERE

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