GST sections amended in Finance Act 2022

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Last updated on November 30th, 2022 at 10:51 pm

GST sections amended in Finance Act 2022

Finance Act 2022 made around fifteen amendments which include omissions, insertions, and substitutions made in the CGST Act 2017. They were covered by sections 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.

Notifications issued for the effective date of the sections of the Finance Act, 2022

 

Section of Finance Act 2022

Section of CGST Act,2017 Notification Effective Date
100 Sec 16(2)(ba) – inserted Ntf – 18/2022

1st Oct 2022

Sec 16(2)(c) – amended

Sec 16(4) – amended

101

Sec 29(b) amended Ntf – 18/2022 1st Oct 2022

Sec 29(c) amended

102

Sec 34(2) amended

Ntf – 18/2022

1st Oct 2022

103

Sec 37(1) – amended Ntf – 18/2022 1st Oct 2022

Sec 37(1) 1st proviso – omitted

Sec 37(1) 2nd proviso – amended

Sec 37(1) 3rd proviso – amended

Sec 37(2) – omitted

Sec 37(3) – amended

Sec 37(3) 1st proviso – amended

Sec 37(4) – inserted

104

Sec 38 – substituted

Ntf – 18/2022

1st Oct 2022

105

Sec 39(5) – amended

Ntf – 18/2022

1st Oct 2022

Sec 39(7) 1st proviso – substituted

Sec 39(9) – amended

Sec 39(10) – amended

106

Sec 41 – substituted

Ntf –18/2022

1st Oct 2022

107

Sec 42,43, 43A omitted Ntf – 18/2022

1st Oct 2022

108

Sec 47(1) – amended

Ntf – 18/2022

1st Oct 2022
109 Sec 48(2) – amended Ntf – 18/2022

1st Oct 2022

110

Sec 49(2) – amended

Ntf – 18/2022

1st Oct 2022

Sec 49(2) – amended

Sec 49(10) – substituted

Ntf – 9/2022

5th July 2022

Sec 49(12) – inserted

Ntf – 18/2022

1st Oct 2022

111

Sec 50(3) – substituted Ntf – 9/2022

1st July 2017

112

Sec 52(6) – amended Ntf – 18/2022

1st Oct 2022

113

Sec 54(1) 1st proviso – amended Ntf – 18/2022 1st Oct 2022

Sec 54(2) – amended

Sec 54(10) – amended

Sec 54 Explanation clause (ba) – inserted

114

Sec 168(2) – amended Ntf – 18/2022

1st Oct 2022

 

Snapshot of the above table for ready reference 



 

CA Ankita Khetan
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Disclaimer: The above content is for general info purpose only and does not constitute professional advice. The author/ website will not be liable for any inaccurate / incomplete information and any reliance you place on the content is strictly at your risk.

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4 Comments

  1. Sec 110 of Finance Act amends section 50(3) of GST Act. Above table and screen shot are erroneous.

    • The above article is compiled based on our understanding of the amendments made in the Finance Act 2022 and relevant notification issued in this regard.

      You may take due care and expert advice before placing reliance on any content published on the website.

  2. Sec 110 of Finance Act amends section 50(3) of GST Act. Above table and screen shot are erroneous.

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