What is the effective date for GST sections amended in Finance (No. 2) Act 2019?

What is the effective date for GST sections amended in Finance (No. 2) Act 2019?
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What is the effective date for GST sections amended in Finance (No. 2) Act 2019?

 

Finance Act (No. 2) 2019 (23 of 2019)

The Finance Act (No. 2), 2019 (23 of 2019) of Parliament had received the assent of the President on the 1st August 2019.

Amendments & Insertions made in the CGST Act 2017 and the IGST Act 2017 were covered by section 92 to section 116 in the Finance Act (No. 2), 2019 (23 of 2019).

  • Section 113, 115 and 116 of Finance (No. 2) Act, 2019 (23 of 2019) were made effective from 1st August 2019 i.e the date of publishing the Finance Act,2019 in Official Gazette.
  • Sections 92 to 112 and section 114 of Finance (No. 2) Act, 2019 (23 of 2019), Central Government was specifically given powers to notify the date from which the mentioned sections will come in force. The power to notify the effective date was conferred in sub-section (2) of section 1 of the Finance (No. 2) Act, 2019 (23 of 2019).

Notifications issued for the effective date of the sections of Finance Act (No. 2) 2019 (23 of 2019)

So in order to notify the date from which the following sections will come in force, CBIC has issued three notifications so far.

Sec of Finance Act (No. 2) 2019

Section Effective Date

Notification

103

Sec 54 of CGST Act,2017

01.09.2019 CGST Ntf No. 39 dated 31.08.2019

93

94

95

96

98

99

101

102

111

112

Sec 10 of CGST Act,2017

Sec 22 of CGST Act,2017

Sec 25 of CGST Act,2017

Sec 31A of CGST Act,2017

Sec 44 of CGST Act,2017

Sec 49 of CGST Act,2017

Sec 52 of CGST Act,2017

Sec 53A of CGST Act,2017

Sec 168 of CGST Act,2017

Sec 171 of CGST Act,2017

01.01.2020

CGST Ntf No. 01 dated 01.01.2020

114

Sec 17A of IGST Act,2017

01.01.2020

IGST Ntf No. 01 dated 01.01.2020

Following sections of CGST Act, 2017 were amended/newly inserted by Finance (No.2) Act 2019 with their effective date of implementation

 

The following section was inserted in the IGST Act, 2017 by the Finance (No.2) Act 2019 and its effective date of implementation is notified

 

 

 

 

 

 



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About CA Ankita Khetan 165 Articles
Ankita is a Chartered Accountant in practice and holds a Diploma in IFRS (from ACCA, UK). She is also a Commerce PG and Certified Independent Director (from IICA). She holds a certification in Forex and Treasury Management. Her area of expertise is GST and Income tax. She is passionate about reading, writing, and sharing knowledge on areas related to finance and taxation.

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