INDIRECT TAXES - FINANCE BILL, 2022

Chapter: IV
INDIRECT TAXES
Customs
Clause 85	:	Amendment of section 2 Clause 85 seeks to amend clause (34) of section 2 of the Customs Act so as to provide that proper officer , in relation to a....
Clause 86	:	Substitution of section 3-Classes of officers of customs Clause 86 seeks to substitute section 3 of the Customs Act so as to specify the classes of officers of customs, including th....
Clause 87	:	Amendment of section 5 Clause 87 seeks to amend section 5 of the Customs Act relating to the powers of the officers of customs. It is proposed to i....
Clause 88	:	Amendment of section 14. Clause 88 seeks to amend section 14 of the Customs Act so as to empower the Central Government to make rules enabling the Ce....
Clause 89	:	Amendment of section 28E. Clause 89 seeks to amend section 28E of the Customs Act so as to omit the Explanation to clause (c) relating to expression j....
Clause 90	:	Amendment of section 28H. Clause 90 seeks to amend sub-section (1) of section 28H of the Customs Act so as to provide that fee for application for adv....
Clause 91	:	Amendment of section 28-I. Clause 91 seeks to substitute sub-section (7) of section 28-1 of the Customs Act so as to remove reference to Members from t....
Clause 92	:	Amendment of section 28J. Clause 92 seeks to substitute sub-section (2) of section 28J of the Customs Act so as to provide that advance ruling under s....
Clause 93	:	Insertion of new section 110AA. Clause 93 seeks to insert a new section 110AA in the Customs Act so as to provide that where in pursuance of any proceeding ....
Clause 94	:	Insertion of new section 135AA. Clause 94 seeks to insert a new section 135AA in the Customs Act, so as to make punishable the publishing of information rel....
Clause 95	:	Amendment of section 137. Clause 95 seeks to insert the words, figures and letters or section 135AA in subsection (1) of section 137 of the Customs Ac....
Clause 96	:	Validation of certain actions taken under Customs Act. Clause 96 seeks to give validation to any action taken or functions performed before the date of commencement of the Finance....
Customs Tariff
Clause 97	:	Amendment of First Schedule. Clause 97 seeks to amend the First Schedule to the Customs Tariff Act (a) in the manner specified in the Second Schedule so ....
Excise
Clause 98	:	Amendment of Fourth Schedule. Clause 98 seeks to amend the Fourth Schedule to the Central Excise Act to insert two new tariff items 2710 12 43 and 2710 12....
Central Goods and Service Tax
Clause 99	:	Amendment of section 16. Clause 99 seeks to amend section 16 of the Central Goods and Services Tax Act, 2017 by inserting a new clause (ba) in sub-se....
Clause 100	:	Amendment of section 29. Clause 100 seeks to amend clause (b) of sub-section (2) of section 29 of the Central Goods and Services Tax Act so as to pro....
Clause 101	:	Amendment of section 34. Clause 101 seeks to amend sub-section (2) of section 34 of the Central Goods and Services Tax Act so as to provide for thirt....
Clause 102	:	Amendment of section 37. Clause 102 seeks to amend sub-section (1) of section 37 of the Central Goods and Services Tax Act so as to provide for presc....
Clause 103	:	Substitution of new section for section 38. Clause 103 seeks to substitute a new section for section 38 of the Central Goods and Services Tax Act. Sub section (1) seeks....
Clause 104	:	Amendment of section 39. Clause 104 seeks to amend sub-section (5) of section 39 of the Central Goods and Services Tax Act so as to provide that the ....
Clause 105	:	Substitution of new section for section 41. Clause 105 seeks to substitute a new section for section 41 of the Central Goods and Services Tax Act so as to do away with ....
Clause 106	:	Omission of sections 42, 43 and 43A. Clause 106 seeks to omit section 42 of the Central Goods and Services Tax Act relating to matching, reversal and reclaiming ....
Clause 107	:	Amendment of section 47. Clause 107 seeks to amend sub-section (1) of section 47 of the Central Goods and Services Tax Act so as to provide for levy ....
Clause 108	:	Amendment of section 48. Clause 108 seeks to amend sub-section (2) of section 48 of the Central Goods and Services Tax Act so as to remove reference ....
Clause 109	:	Amendment of section 49. Clause 109 seeks to amend sub-section (4) of section 49 of the Central Goods and Services Tax Act so as to provide for presc....
Clause 110	:	Amendment of section 50. Clause 110 seeks to substitute a new sub-section for sub-section (3) of section 50 of the Central Goods and Services Tax Act....
Clause 111	:	Amendment of section 52. Clause 111 seeks to amend proviso to sub-section (6) of section 52 of the Central Goods and Services Tax Act so as to provid....
Clause 112	:	Amendment of section 54. Clause 112 seeks to amend proviso to sub-section (1) of section 54 of the Central Goods and Services Tax Act so as to explic....
Clause 113	:	Amendment of section 168. Clause 113 o seeks to amend sub-section (2) of section 168 of the Central Goods and Services Tax Act so as to remove referen....
Clause 114	:	Amendment of notification issued under section 146 of Central Goods and Services Tax Act read with section 20 of Integrated Goods and Services Tax Act, retrospectively. Clause 114 seeks to amend notification number G.S.R. 58(E), dated the 23rd January, 2018 to notify www.gst.gov.in, retrospec....
Clause 115	:	Amendment of notification issued under subsections (1) and (3) of section 50, sub-section (12) of section 54 and section 56 of Central Goods and Services Tax Act, retrospectively. Clause 115 seeks to amend notification number G.S.R. 661(E), dated the 28th June, 2017, so as to notify rate of interest und....
Clause 116	:	Retrospective exemption from, or levy or collection of, central tax in certain cases. Clause 116 seeks to provide retrospective exemption from central tax in respect of supply of unintended waste generated duri....
Clause 117	:	Retrospective effect to notification issued under sub-section (2) of section 7 of Central Goods and Services Tax Act. Clause 117 seeks to give retrospective effect to the notification of the Government of India in the Ministry of Finance (Dep....
Integrated Goods and Services Tax
Clause 118	:	Amendment of notification issued under section 20 of Integrated Goods and Services Tax Act, 2017 read with subsections (1) and (3) of section 50, sub-section (12) of section 54 and section 56 of Central Goods and Services Tax Act, retrospectively. Clause 118 seeks to amend notification number G.S.R. 698(E), dated the 28th June, 2017, so as to notify rate of interest und....
Clause 119	:	Retrospective exemption from, or levy or collection of, integrated tax in certain cases. Clause 119 seeks to provide retrospective exemption from integrated tax in respect of supply of unintended waste generated d....
Clause 120	:	Retrospective effect to notification issued under clause (i) of section 20 of Integrated Goods and Services Tax Act read with subsection (2) of section 7 of Central Goods and Services Tax Act. Clause 120 seeks to give retrospective effect to the notification of the Government of India in the Ministry of Finance (Dep....
Union Territory Goods and Services Tax
Clause 121	:	Amendment of notification issued under section 21 of Union Territory Goods and Services Tax Act read with subsections (1) and (3) of section 50, sub-section (12) of section 54 and section 56 of Central Goods and Services Tax Act, retrospectively. Clause 121 seeks to amend notification number G.S.R. 747(E), dated the 30th June, 2017, so as to notify rate of interest und....
Clause 122	:	Retrospective exemption from or levy or collection of, Union territory tax in certain cases. Clause 122 seeks to provide retrospective exemption from Union territory tax in respect of supply of unintended waste genera....
Clause 123	:	Retrospective effect to notification issued under clause (i) of section 21 of Union Territory Goods and Services Tax Act read with subsection (2) of section 7 of Central Goods and Services Tax Act. Clause 123 seeks to give retrospective effect to the notification of the Government of India in the Ministry of Finance (Dep....