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AMENDMENTS IN THE CGST ACT 2017:

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..... ill be notified, as far as possible, concurrently with the corresponding amendments to the similar Acts passed by the States & Union territories with legislature. S.No. Amendment Clause of the Finance Bill, 2020 1. The definition of Union territory in clause (114) of section 2 of the CGST Act is being amended to update the definition of Union territory in view of the bringing into force of the .....

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..... of section 29 of the CGST Act is being amended to provide for cancellation of registration which has been obtained voluntarily under sub-section (3) of section 25. [119] 5. A proviso to sub-section 1 of section 30 of the CGST Act is being inserted to empower the jurisdictional tax authorities to extend the date for application of revocation of cancellation of registration in deserving cases. [120 .....

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..... the person who commits such specified offences. [124] 10. Section 132 of the CGST Act is being amended to make the offence of fraudulent availment of input tax credit without an invoice or bill a cognizable and non-bailable offence; and to make any person who commits, or causes the commission, or retains the benefit of transactions arising out of specified offences liable for punishment. [125] 11. .....

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