Last updated on April 13th, 2023 at 01:38 pm
GST sections amended in Finance Act 2023
Around 27 amendments in the GST Acts which include omissions, insertions, and substitutions were made through Finance Bill 2023 and Amendment to Finance Bill 2023. They are covered by Section 137 to Section 163 of the Finance Act, 2023. Amendments made in Finance Act 2023 are notified in the Official Gazette on 31st March 2023.
Journey of Finance Bill 2023 to Finance Act 2023
⇒ Finance Bill 2023 presented in Lok Sabha- 1st February 2023
⇒ Finance Bill 2023 including the amendments passed in Lok Sabha – 24th March 2023
⇒ Finance Bill approved in Rajya Sabha – 27th March 2023
⇒ Finance Bill will get assent from President of India – 31st March 2023
GST Sections Amended in Finance Act 2023 |
|||
Clause |
CGST Act 2017 |
Notification |
Effective Date |
| 137 | Section 10(2)(d) – Amended | ||
| Section 10(2A) (c) – Amended | |||
| 138 | 2nd proviso to Section 16(2) – Amended | ||
| 3rd proviso to Section 16(2) – Amended | |||
| 139 | Explanation to Section 17(3) – Amended | ||
| Section 17(5)(fa) – Inserted | |||
| 140 | Section 23(2) – Amended | ||
| 141 | Section 30(1)(a) – Amended | ||
| Section 30(1)(b) – Omitted | |||
| 142 | Section 37(5) – Inserted | ||
| 143 | Section 39(11) – Inserted | ||
| 144 | Section 44(2) – Inserted | ||
| 145 | Section 52(15) – Inserted | ||
| 146 | Section 54(6) – Amended | ||
| 147 | Section 56 – Amended | ||
| 148 | Section 62(2) – Amended | ||
| Proviso to Section 62(2) – Inserted | |||
| 149 | Section 109 – Inserted | ||
| 150 | Section 110 – Inserted | ||
| 151 | Section 114 – Inserted | ||
| 152 | Section 117(1) – Amended | ||
| Section 117(5)(a) – Amended | |||
| Section 117(5)(b) – Amended | |||
| 153 | Section 118(1)(a) – Amended | ||
| 154 | Section 119 – Amended | ||
| 155 | Section 122(1B) – Inserted | ||
| 156 | Section 132(1)(g) – Omitted | ||
| Section 132(1)(h) – Omitted | |||
| Section 132(1)(k) – Omitted | |||
| Section 132(1)(l) – Amended | |||
| Section 132(1)(iii) – Amended | |||
| Section 132(1)(iv) – Amended | |||
| 157 | Section 138(1)(a) – Substituted | ||
| Section 138(1)(b) – Omitted | |||
| Section 138(1)(c) – Substituted | |||
| Section 138(1)(d) – Omitted | |||
| Section 138(2) – Amended | |||
| 158 | Section 158A – Inserted | ||
| 159 | Schedule III – Amended | ||
| Clause | IGST Act 2017 | ||
| 160 | Section 2(16) – Amended | ||
| Section 2(17) – Amended | |||
| 161 | Proviso to Section 12(8) – Omitted | ||
| 162 | Section 13(9) – Omitted | ||
| 163 | Sr. No. 1 & 2 of Schedule – Amended | ||
| Explanation to Schedule – Inserted | |||
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