Home India Ministry of Finance In exercise of the powers conferred by sub section 2 of sect...
Date: 2020-01-01 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by sub section 2 of section 1 of the Finance No 2 Act 2019

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

This document comprises two notifications from the Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs, issued in New Delhi on January 1, 2020. The first notification, No. 01/2020-Central Tax, G.S.R. 2(E), concerns the Finance (No. 2) Act, 2019. It appoints January 1, 2020, as the date on which sections 92, 97, 100 and sections 103 to 110 of the Finance No. 2 Act, 2019 shall come into force. The notification's file number is F.No.200609/2019/GST. The second notification, No. 01/2020-Integrated Tax, G.S.R. 3(E), also pertains to the Finance (No. 2) Act, 2019, and appoints January 1, 2020, as the date on which the provisions of section 114 of the Finance No. 2 Act, 2019 shall come into force. The file number for this notification is also F.No.200609/2019/GST. Both notifications are issued under the authority of the Central Government, as conferred by subsection 2 of section 1 of the Finance (No. 2) Act, 2019 (23 of 2019), and are signed by Pramod Kumar, Director.

Key Entities Referenced

Finance No. 2 Act, 2019: A legal act referenced in the notification, specifically sections of it are being brought into force. Central Government: The governing body that is making the appointments of dates for sections of the Finance Act to come into force. Central Board of Indirect Taxes and Customs: A department under the Ministry of Finance. Ministry of Finance: The government ministry issuing the notification regarding tax laws. New Delhi: The city in which the notification is issued, located in Delhi. PRAMOD KUMAR: The Director who signed the notification. Central Tax: A type of tax, specified in the notification No. 01/2020. Integrated Tax: A type of tax, specified in the notification No. 01/2020.
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