{"act":{"id":"finance-act-2025","short_title":"The Finance Act, 2025","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2025-2026.","act_number":"7","act_year":2025,"enact_date":"2025-08-16","enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":153,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2025/"},"unit":"section","section":{"number":"132","heading":"Insertion of new section 148A","text":"Insertion of new section 148A. 132. After section 148 of the Central Goods and Services Tax Act, the following section shall be inserted, namely:— \"148A. Track and trace mechanism for certain goods.—(1) The Government may, on the recommendations of the Council, by notification, specify,— (a) | the goods; (b) | persons or class of persons who are in possession or deal with such goods, to which the provisions of this section shall apply. (2) The Government may, in respect of the goods referred to in clause (a) of sub-section (1),— (a) | provide a system for enabling affixation of unique identification marking and for electronic storage and access of information contained therein, through such persons, as may be prescribed; and (b) | prescribe the unique identification marking for such goods, including the information to be recorded therein. (3) The persons referred to in sub-section (1), shall,— (a) | affix on the said goods or packages thereof, a unique identification marking, containing such information and in such manner; (b) | furnish such information and details within such time and maintain such records or documents, in such form and manner; (c) | furnish details of the machinery installed in the place of business of manufacture of such goods, including the identification, capacity, duration of operation and such other details or information, within such time and in such form and manner; (d) | pay such amount in relation to the system referred to in sub-section (2), as may be prescribed.\".","html":"<p><b>Insertion of new section 148A.</b></p><p><b>132. </b>After section 148 of the Central Goods and Services Tax Act, the following section shall be inserted, namely:—</p><p>\"148A. <i>Track and trace mechanism for certain goods.</i>—(1) The Government may, on the recommendations of the Council, by notification, specify,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>the goods;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>persons or class of persons who are in possession or deal with such goods,</td></tr></table></div><p>to which the provisions of this section shall apply.</p><p><span class=\"num\">(2)</span> The Government may, in respect of the goods referred to in clause (<i>a</i>) of sub-section (1),—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>provide a system for enabling affixation of unique identification marking and for electronic storage and access of information contained therein, through such persons, as may be prescribed; and</td></tr><tr><td>(<i>b</i>)</td><td></td><td>prescribe the unique identification marking for such goods, including the information to be recorded therein.</td></tr></table></div><p><span class=\"num\">(3)</span> The persons referred to in sub-section (1), shall,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>affix on the said goods or packages thereof, a unique identification marking, containing such information and in such manner;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>furnish such information and details within such time and maintain such records or documents, in such form and manner;</td></tr><tr><td>(<i>c</i>)</td><td></td><td>furnish details of the machinery installed in the place of business of manufacture of such goods, including the identification, capacity, duration of operation and such other details or information, within such time and in such form and manner;</td></tr><tr><td>(<i>d</i>)</td><td></td><td>pay such amount in relation to the system referred to in sub-section (2),</td></tr></table></div><p>as may be prescribed.\".</p>","words":247,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2025/section/132/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}