GST sections amended in Finance Act 2021 yet to be notified


GST Sections amended in Finance Act 2021

GST sections amended in Finance Act 2021 but to be notified


Finance Act 2021 made round sixteen amendments which embrace insertions and substitutions made within the CGST Act 2017 in addition to the IGST Act 2017. They had been lined by part 108 to part 123 of the Finance Act, 2021 (13 of 2021). Ministry of Finance has issued thus far the next notifications with a purpose to notify the efficient date of when the sections will come into drive.

Notifications issued for the efficient date of the sections of Finance Act, 2021 (13 of 2021)


Sec No. in  Fin Act 2021

PartBrief description of modification Efficient DateNotification


Sec 7(1)(aa)The time period ‘Provide’ has been expanded to incorporate personal golf equipment and associations, and their members.But to be notified


Sec 16(2)(aa)Extra situation to avail ITC laid down

But to be notified

110Sec 35(5)GST Audit being abolished by the omission of sub-section01.08.2021

CGST Ntf No. 29 dated 30.07.2021


Sec 44Self-certification for GST Reconciliation01.08.2021CGST Ntf No. 29 dated 30.07.2021
112Sec 50(1)Curiosity on web money legal responsibility retrospectively01.06.2021

CGST Ntf No. 16 dated 01.06.2021


Sec 74Separate continuing for Provider and Transporter –But to be notified
114Sec 75(12)Self-assessed tax redefined

But to be notified


Sec 83(1)Provisional Attachment shall be legitimate from initiation of proceedings until the order is handed –But to be notified
116Sec 107(6)Enchantment towards order of detention/seizure after depositing 25% penalty

But to be notified


Sec 129For releasing detained items
If the proprietor comes ahead then pay a penalty equal to 200% of tax payable.
If the proprietor doesn’t come ahead then pay a penalty increased of 200% tax payable or 50% worth of products.
For releasing detained automobile
Pay the decrease from the next Rs 1 lakh or a penalty calculated above

But to be notified


Sec 130If the Officer provides an choice to the proprietor to pay in lieu of confiscation of products then the penalty shall be equal to 100% of the tax payable
(Word: The penalty shall not be greater than the market worth of products ignoring the tax)
But to be notified
119Sec 151Empowers Jurisdictional commissioner to name upon any particular person for info regarding GST

But to be notified


Sec 152Any info shall not be used
for any proceedings, with out  giving a chance of being heard

But to be notified


Sec 168Part 44 shall be substituted instead of part 44(1) pertains to the modification of the GST auditBut to be notified
122Sch II Schedule II paragraph 7 has been omitted

But to be notified


 IGST Sec 16Provide of products or companies to SEZ shall be handled as zero-rated provides solely whether it is for approved operations.But to be notified

Word: The amendments are first proposed as Finance Invoice then accepted in each the Homes of Parliament and additional get assent from the President of the Nation.  Adjustments made within the Act are to be notified by Central Authorities within the Official Gazette. These amendments don’t require approval within the GST Council Assembly. The rationale for the delay in notifying the above amendments by Central Authorities is unknown.



Ankita is a Chartered Accountant in observe and holds a Diploma in IFRS (from ACCA, UK). She can be a Commerce PG and Licensed Unbiased Director (from IICA). She holds a certification in Foreign exchange and Treasury Administration. Her space of experience is GST and Revenue tax. She is enthusiastic about studying, writing, and sharing information on areas associated to finance and taxation.

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