INDIRECT TAXES - FINANCE BILL, 2020

Chapter: IV
INDIRECT TAXES
Customs
Clause 105	:	Amendment of section 11. Clause 105 seeks to amend clause (f) of sub-section (2) of section 11 of the Customs Act so as to include any other goods al....
Clause 106	:	Amendment of section 28. Clause 106 of the Bill seeks to substitute Explanation 4 of section 28 of the Customs Act to provide that notwithstanding an....
Clause 107	:	Amendment of section 28AAA. Clause 107 of the Bill seeks to amend section 28AAA of the Customs Act so as to provide for recovery of duty from a person a....
Clause 108	:	Insertion of new Chapter VAA. Clause 108 of the Bill seeks to insert a new Chapter VAA and a new section 28DA in the Customs Act so as to provide for admi....
Clause 109	:	Amendment of heading of Chapter VIIA. Clause 109 of the Bill seeks to amend the heading of Chapter VIIA of Customs Act to insert the words AND ELECTRONIC DUTY CRE....
Clause 110	:	Insertion of new section 51B. Clause 110 of the Bill seeks to insert a new section 51B in Customs Act so as to provide for creation of an electronic duty ....
Clause 111	:	Amendment of section 111. Clause 111 of the Bill seeks to insert a new clause (q) in section 111 of the Customs Act so as to provide for confiscation ....
Clause 112	:	Amendment of section 156. Clause 112 of the Bill seeks to insert a new clause (i) in sub-section (2) of section 156 so as to empower the Central Gover....
Clause 113	:	Amendment of section 157. Clause 113 of the Bill seeks to amend section 157 of the Customs Act so as to empower the Board to make regulations for the ....
Customs Tariff
Clause 114	:	Substitution of new section for section 8B. Clause 114 of the Bill seeks to substitute section 8B of the Customs Tariff Act so as to empower the Central Government to a....
Clause 115	:	Amendment of First Schedule. Clause 115 of the Bill seeks to amend the First Schedule to the Customs Tariff Act so as to (a) revise tariff rates in respe....
Central Goods and Services Tax
Clause 116	:	Amendment of section 2. Clause 116 of the Bill seeks to amend clause (114) of section 2 of the Central Goods and Services Tax Act so as to align the....
Clause 117	:	Amendment of section 10. Clause 117 of the Bill seeks to amend clauses (b), (c) and (d) of sub-section (2) of section 10 of the Central Goods and Ser....
Clause 118	:	Amendment of section 16. Clause 118 of the Bill seeks to amend sub-section (4) of section 16 of the Central Goods and Services Tax Act so as to delin....
Clause 119	:	Amendment of section 29. Clause 119 of the Bill seeks to amend clause (c) of subsection (1) of section 29 of the Central Goods and Services Tax Act s....
Clause 120	:	Amendment of section 30. Clause 120 of the Bill seeks to substitute the proviso to sub-section (1) of section 30 of the Central Goods and Services Ta....
Clause 121	:	Amendment of section 31. Clause 121 of the Bill seeks to amend section 31 of the Central Goods and Services Tax Act so as to empower the Government t....
Clause 122	:	Amendment of section 51. Clause 122 of the Bill seeks to amend section 51 of the Central Goods and Services Tax Act so as to empower the Government t....
Clause 123	:	Amendment of section 109. Clause 123 of the Bill seeks to amend sub-section (6) of section 109 of the Central Goods and Services Tax Act so as to make....
Clause 124	:	Amendment of section 122. Clause 124 of the Bill seeks to insert a new sub-section (1A) in section 122 of the Central Goods and Services Tax Act so as....
Clause 125	:	Amendment of section 132. Clause 125 of the Bill seeks to amend section 132 of the Central Goods and Services Tax Act so as to make the offence of fra....
Clause 126	:	Amendment of section 140. Clause 126 of the Bill seeks to amend section 140 of the Central Goods and Services Tax Act relating to transitional arrange....
Clause 127	:	Amendment of section 168. Clause 127 of the Bill seeks to amend section 168 of the Central Goods and Services Tax Act so as to make provisions for ena....
Clause 128	:	Amendment of section 172. Clause 128 of the Bill seeks to amend section 172 of the Central Goods and Services Tax Act so as to extend the time limit p....
Clause 129	:	Amendment to Schedule II. Clause 129 of the Bill seeks to amend paragraph 4 of Schedule II to the Central Goods and Services Tax Act so as to omit the....
Clause 130	:	Retrospective exemption from, or levy or collection of, central tax in certain cases. Clause 130 of the Bill seeks to provide retrospective exemption from central tax on supply of fishmeal, during the period fr....
Clause 131	:	Retrospective effect to notification issued under clause (ii) of proviso to subsection (3) of section 54 of Central Goods and Services Tax Act. Clause 131 of the Bill seeks to give retrospective effect to the notification of the Government of India in the Ministry of ....
Integrated Goods and Services Tax
Clause 132	:	Amendment of section 25. Clause 132 of the Bill seeks to amend section 25 of the Integrated Goods and Services Tax Act so as to extend the time limit....
Clause 133	:	Retrospective exemption from, or levy or collection of, integrated tax in certain cases. Clause 133 of the Bill seeks to provide retrospective exemption from integrated tax on supply of fishmeal, during the period....
Union Territory Goods and Services Tax
Clause 134	:	Amendment of section 1. Clause 134 of the Bill seeks to amend section 1 of the Union Territory Goods and Services Tax Act so as to give effect to th....
Clause 135	:	Amendment of section 2. Clause 135 of the Bill seeks to amend section 2 of the Union Territory Goods and Services Tax Act so as to align the definit....
Clause 136	:	Amendment of section 26. Clause 136 of the Bill seeks to amend section 26 of the Union Territory Goods and Services Tax Act so as to extend the time ....
Clause 137	:	Retrospective exemption from, or levy or collection of, Union territory tax in certain cases. Clause 137 of the Bill seeks to provide retrospective exemption from Union territory tax on supply of fishmeal, during the p....
Goods and Services Tax (Compensation to States)
Clause 138	:	Amendment of section 14. Clause 138 of the Bill seeks to amend section 14 of the Goods and Services Tax (Compensation to States) Act so as to extend ....