Clause 139 - Amendment of section 112. - Finance (No. 2) Bill, 2024

Amendment of section 112. 139. In section 112 of the Central Goods and Services Tax Act, (a) with effect from the 1st day of August, 2024, in sub-section (1), after the words from the date on which the order sought to be appealed against is communicated to the person preferring the appeal , the words ; or the date, as may be notified by the Government, on the recommendations of the Council, for filing appeal before the Appellate Tribunal under this Act, whichever is later. shall be inserted; (b) with effect from the 1st day of August, 2024, in sub-section (3), after the words from the date on which the said order has been passed , the words ; or the date, as may be notified by the Government, on the recommendations of the Council, for the purpose of filing application before the Appellate Tribunal under this Act, whichever is later, shall be inserted; (c) in sub-section (6), after the words, brackets and figure after the expiry of the period referred to in sub-section (1) , the words, brackets and figure or permit the filing of an application within three months after the expiry of the period referred to in sub-section (3) shall be inserted; (d) in sub-section (8), in clause (b), (i) for the words twenty per cent. , the words ten per cent. shall be substituted; (ii) for the words fifty crore rupees , the words twenty crore rupees shall be substituted.