The Central Government hereby appoints the 30th day of June, 2020, as the date on which the provisions of sections 118, 125, 129 and 130 of the Finance Act, 2020 shall come into force.
Here is a quick review on the title of the said sections
Section 118 – Amendment in Section 2(114) | Definition of the Union Territory
Section 125 – Amendment in Section 109(6)
Section 129 – Amendment in Section 68
Section 130 – Amendment in Section 172 | Time limit for removal of difficulties extended from 3 years to 5 years.
Notification No. 49/2020 -Central Tax Dated 24th June, 2020
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Mr. Setia is a CA by Profession and expert in the field of Indirect Taxation Based in Delhi. Rich experience of over 5 year.