eCourtsIndia
IndiaCode Laws
Section128
The Finance Act, 2024 (No. 2)

Amendment of section 54

In force As on 07 Oct 2026

Ministry Finance Enacted 16 Aug 2024

Section 128 of the Finance Act, 2024 (No. 2) deals with amendment of section 54. Amendment of section 54. 128. In section 54 of the Central Goods and Services Tax Act,— (a) | in sub-section (3), the second proviso shall be omitted; The Act was enacted on 16 Aug 2024.

Amendment of section 54.

128. In section 54 of the Central Goods and Services Tax Act,—

(a)in sub-section (3), the second proviso shall be omitted;
(b)after sub-section (14) and before the Explanation, the following sub-section shall be inserted, namely:—
"(15) Notwithstanding anything contained in this section, no refund of unutilised input tax credit on account of zero rated supply of goods or of integrated tax paid on account of zero rated supply of goods shall be allowed where such zero rated supply of goods is subjected to export duty.".
Section 128, The Finance Act, 2024 (No. 2).

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. 54 Refund of tax
  2. s. 54 Amendment of section 194DA

Questions about Section 128

What does Section 128 of the Finance Act, 2024 (No. 2) deal with?

Section 128 of the Finance Act, 2024 (No. 2) is headed "Amendment of section 54". Amendment of section 54. 128. In section 54 of the Central Goods and Services Tax Act,— (a) | in sub-section (3), the second proviso shall be omitted;

How do I find court cases under Section 128 of the Finance Act, 2024 (No. 2)?

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, 2024 (No. 2) 128, section 128 Finance Act, 2024 (No. 2), section 128 of the Finance Act, 2024 (No. 2). 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 128 of the Finance Act, 2024 (No. 2), and has it changed?

Its own text turns on Central Goods and Services Tax Act 54 (Refund of tax), section 54 (Amendment of section 194DA), so none of them can safely be read on its own.

When was Section 128 of the Finance Act, 2024 (No. 2) enacted?

Section 128 of the Finance Act, 2024 (No. 2), cited as Finance Act, 2024 (No. 2) 128, was enacted on 16 Aug 2024. 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.