CBIC seeks to bring Section 103 of the Finance (No. 2) Act, 2019 in to force

Circular No. ES/124/2019-20                                            3rd September, 2019

To: Members of the Council

Sub.: CBIC seeks to bring Section 103 of the Finance (No. 2) Act, 2019 in to force

Dear Member,

This is to inform you that CBIC has issued Notification No.39/2019- Central Tax dated 31st August, 2019 notifying the date i.e. 1st September, 2019 from which the Section 103 of Finance (No. 2) Act, 2019 shall be applicable. The extract of Section 103 of the said Act shall be as follows:

103.   In Section 54 of the CGST Act, after sub section (8), the following sub section shall be inserted, namely:-

“(8A) The Government may disburse the refund of the State Tax in such manner as may be prescribed.”

Members may kindly make a note of the above.

Thanking you,

Yours faithfully,

S. BALARAJU
EXECUTIVE DIRECTOR

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