The notification appoints April 1, 2023, as the date on which Section 163 of the Finance Act, 2023 comes into force.
Key Changes
Section 163 of the Finance Act, 2023 will be effective from April 1, 2023.
The notification is issued under clause (b) of sub-section (2) of section 1 of the Finance Act, 2023.
Impact Analysis
Businesses
Review internal processes and systems to align with the requirements of Section 163.
Government
Ensure effective enforcement and monitoring of the provisions under Section 163.
Taxpayers
Seek professional advice to understand the implications and ensure compliance.
Key Entities Referenced
Ministry of Finance (Department of Revenue): The government body responsible for issuing the notification.
Central Government: The authority that appoints the date for Section 163 to come into force.
Finance Act, 2023 (08 of 2023): The Act of Parliament that contains Section 163, which is being brought into force.
Section 163 of the Finance Act, 2023: The specific section of the Finance Act, 2023 that is being brought into effect from April 1, 2023.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-31032023-244836
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CG-DL-E-31032023-244836
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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.ं 1504] नई दिल्ली, िुक्रिार, ंाचच 31, 2023/च्ै 10, 1945
No. 1504] NEW DELHI, FRIDAY, MARCH 31, 2023/CHAITRA 10, 1945
जित्त ं्ं ाल
(रािस्ट्ि जिभाग)
अजधसचू ना
नई दिल् ली, 31 ंाचच, 2023
स.ं 01/2023-क्षजतपर्तू त उपकर
का.आ. 1566(अ).—जित्त अजधजन ं 2023 ( 2023 का 08 ) की धारा 1 की उपधारा (2) के खंड (ख)
द्वारा प्रित्त िजि ों का प्र ोग करते हुए, केंद्र सरकार एतिद्वारा 1 अप्रैल, 2023 को उस तारीख के रूप ंें जन ुि
करती ह ै जिस पर उि अजधजन ं की धारा 163 के प्रािधान प्रिृत्त होंग े ।
[फा. सं. 190354/85/2021-टीआर ू]
जिक्रं जिि िानेरे, अिर सजचि
2203 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 31st March, 2023
No. 01/2023-Compensation Cess
S.O. 1566(E).—In exercise of the powers conferred by clause (b) of sub-section (2) of section 1 of
the Finance Act, 2023 (08 of 2023), the Central Government hereby appoints the 1st day of April, 2023, as
the date on which the provisions of section 163 of the said Act shall come into force.
[F. No. 190354/85/2021-TRU]
VIKRAM VIJAY WANERE, Under Secy.
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.