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Section148
The Finance Act, 2023

Amendment of section 62

In force Act 8 of 2023 As on 11 Oct 2026

Act 8 of 2023 Ministry Finance Cited by 2 provisions

Section 148 of the Finance Act, 2023 deals with amendment of section 62. Amendment of section 62. 148. In section 62 of the Central Goods and Services Tax Act, in sub-section (2),— (a) | for the words "thirty days", the words "sixty days" shall be substituted;

Amendment of section 62.

148. In section 62 of the Central Goods and Services Tax Act, in sub-section (2),—

(a)for the words "thirty days", the words "sixty days" shall be substituted;
(b)the following proviso shall be inserted, namely:—
"Provided that where the registered person fails to furnish a valid return within sixty days of the service of the assessment order under sub-section (1), he may furnish the same within a further period of sixty days on payment of an additional late fee of one hundred rupees for each day of delay beyond sixty days of the service of the said assessment order and in case he furnishes valid return within such extended period, the said assessment order shall be deemed to have been withdrawn, but the liability to pay interest under sub-section (1) of section 50 or to pay late fee under section 47 shall continue.".
Section 148, The Finance Act, 2023 (Act 8 of 2023).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. Central Goods and Services Tax Act s. 62 Assessment of non-filers of returns
  2. s. 47 Amendment of section 92D
  3. s. 50 Amendment of section 112
  4. s. 62 Amendment of section 115VP

Referred to by 2

  1. s. 72 Amendment of section 148
  2. s. 73 Amendment of section 149

Questions about Section 148

What does Section 148 of the Finance Act deal with?

Section 148 of the Finance Act is headed "Amendment of section 62". Amendment of section 62. 148. In section 62 of the Central Goods and Services Tax Act, in sub-section (2),— (a) | for the words "thirty days", the words "sixty days" shall be substituted;

How do I find court cases under Section 148 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 2023 148, section 148 Finance Act 2023, section 148 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 148 of the Finance Act, and has it changed?

Its own text turns on Central Goods and Services Tax Act 62 (Assessment of non-filers of returns), section 47 (Amendment of section 92D), section 50 (Amendment of section 112), section 62 (Amendment of section 115VP), so none of them can safely be read on its own. 2 other provisions in this corpus refer back to it.

When was the Finance Act enacted?

Finance Act was enacted in 2023 as Act 8 of 2023. 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

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.