GST sections amended in Finance Act 2023
Final current on April 13th, 2023 at 01:38 pmGST sections amended in Finance Act 2023
All around 27 amendments in the GST Functions which include things like omissions, insertions, and substitutions were being produced via Finance Invoice 2023 and Amendment to Finance Invoice 2023. They are covered by Segment 137 to Portion 163 of the Finance Act, 2023. Amendments created 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 Invoice 2023 which includes the amendments passed in Lok Sabha – 24th March 2023
⇒ Finance Invoice accredited in Rajya Sabha – 27th March 2023
⇒ Finance Invoice will get assent from President of India – 31st March 2023
GST Sections Amended in Finance Act 2023
Clause
CGST Act 2017
Notification
Successful Day
137
Section 10(2)(d) – Amended
Section 10(2A) (c) – Amended
138
2nd proviso to Section 16(2) – Amended
3rd proviso to Area 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 Area 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 Segment 12(8) – Omitted
162
Section 13(9) – Omitted
163
Sr. No. 1 & 2 of Plan – Amended
Explanation to Program – Inserted
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Chartered Accountant in observe, DipIFRS (from ACCA, British isles), Post Graduate in Commerce, Accredited Impartial Director (from IICA), and retains a certification in Currency trading and Treasury Management course (by ICAI).She can be contacted at data.financepost@gmail.com Hottest posts by CA Ankita Khetan (see all)
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