Notification No. 16/2021
Date: June 1, 2021
Subject: Notification of commencement of section 112 of the Finance Act, 2021 relating to interest under GST.
Description:
The provisions of section 112 of the Finance Act, 2021 are brought into force. The amendment relates to substitution of section 50 of the CGST Act governing levy of interest. The notified provision becomes operational from the appointed date.
Effective Date:
1 June 2021