This notification, issued by the Ministry of Finance (Department of Revenue), Central Board of Indirect Taxes and Customs (CBIC), appoints specific dates for the enforcement of certain sections within the Finance Act, 2024.
Key Changes
Section 13 of the Finance Act, 2024 will come into force on October 1, 2024.
Sections 11 and 12 of the Finance Act, 2024 will come into force on April 1, 2025.
Impact Analysis
Taxpayers
Potential impact on tax liabilities depending on the specifics of sections 11, 12, and 13 of the Finance Act, 2024. Further analysis of the act is required to assess the nature and extent of this impact.
Tax Authorities
Increased workload associated with the implementation and enforcement of the new provisions.
Legal Professionals
Legal professionals will need to advise clients on compliance with the new provisions of the Finance Act, 2024. This will require a thorough understanding of the act's implications.
Suggested Actions
Further analysis of the Finance Act, 2024 is needed to fully understand the impact on various stakeholders.
Key Entities Referenced
Ministry of Finance (Department of Revenue): The issuing authority of the notification.
Central Board of Indirect Taxes and Customs (CBIC): The agency responsible for the implementation of indirect tax laws in India.
Finance Act, 2024 (8 of 2024): The legislation containing the sections whose effective dates are specified in the notification.
Sections 11, 12, and 13 of the Finance Act, 2024: The specific sections of the Finance Act, 2024 whose enforcement dates are detailed in the notification.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-06082024-256101
CG-DxLx-xEG-I0D6H0x8x2x0 24-256101
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असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 3015] नई दिल्ली, मगं लिार, अगस्ट्त 6, 2024/ श्रािण 15, 1946
No. 3015] NEW DELHI, TUESDAY, AUGUST 6, 2024/ SHRAVANA 15, 1946
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
(केंद्रीय अप्रत्यक्ष कर एि ंसीमा िल्ु क बोडड)
अजधसचू ना
नई दिल्ली, 6 अगस्ट्त, 2024
स.ं 16/2024- केन्द्द्रीय कर
का.आ. 3161(अ).—केंद्रीय सरकार, जित्त अजधजनयम, 2024 (2024 का 8) की धारा 1 की उपधारा (2) के
खंड (ख) द्वारा प्रित्त िजियों का प्रयोग करत े हुए, -
(क) तारीख 1 अिूबर, 2024 को, उस तारीख के रुप म ें जनयत करती ह ै जिसको उि अजधजनयम की धारा 13 के
उपबंध प्रिृत्त होंगे;
(ख) तारीख 1 अप्रलै , 2025 को, उस तारीख के रुप में जनयत करती ह ै जिसको उि अजधजनयम की धारा 11 और 12
के उपबंध प्रिृत्त होंगे।
[फा. सं. सीबीआईसी-20006/20/2023-िीएसटी]
राघिेन्द्द्र पाल ससंह, जनिेिक
4921 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
NOTIFICATION
New Delhi, the 6th August, 2024
No. 16/2024–Central Tax
S.O. 3161(E).—In exercise of the powers conferred by clause (b) of sub-section (2) of section 1 of the
Finance Act, 2024 (8 of 2024), the Central Government hereby appoints, —
(a) the 1st day of October, 2024, as the date on which the provisions of sections 13 of the said Act shall come
into force;
(b) the 1st day of April, 2025, as the date on which the provisions of sections 11 and 12 of the said Act shall
come into force.
[F. No. CBIC-20006/20/2023-GST]
RAGHAVENDRA PAL SINGH, Director
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.