Amendment of section 130
Section 118 of the Finance Act, 2021 deals with amendment of section 130. Amendment of section 130. 118. In section 130 of the Central Goods and Services Tax Act,–– (a) | in sub-section (1), for the words "Notwithstanding anything contained in this Act, if ", the word "Where" shall be substituted;
Amendment of section 130.
118. In section 130 of the Central Goods and Services Tax Act,––
Section 118, The Finance Act, 2021.
(a) in sub-section (1), for the words "Notwithstanding anything contained in this Act, if ", the word "Where" shall be substituted; (b) in sub-section (2), in the second proviso, for the words, brackets and figures "amount of penalty leviable under sub-section (1) of section 129", the words "penalty equal to hundred per cent. of the tax payable on such goods" shall be substituted; (c) sub-section (3) shall be omitted.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 118
What does Section 118 of the Finance Act deal with?
Section 118 of the Finance Act is headed "Amendment of section 130". Amendment of section 130. 118. In section 130 of the Central Goods and Services Tax Act,–– (a) | in sub-section (1), for the words "Notwithstanding anything contained in this Act, if ", the word "Where" shall be substituted;
How do I find court cases under Section 118 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2021 118, section 118 Finance Act 2021, section 118 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 118 of the Finance Act, and has it changed?
Its own text turns on Central Goods and Services Tax Act 130 (Confiscation of goods or conveyances and levy of penalty), section 129 (Amendment of section 2), section 130 (Substitution of new section for section 4), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 2021. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
- Fourth Schedule. Fourth Schedule26628 words
- First Schedule. First Schedule9574 words
- 2. Income-tax5993 words
- 6. Amendment of section 103582 words
- 130. Substitution of new section for section 43513 words
- 131. Substitution of new section for section 52699 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. 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. This page is not a substitute for legal advice.