Section 2(48) of CGST Act: Meaning of “Existing Law”

Section 2(48) of CGST Act: Meaning of “Existing Law”

As per Section 2(48) of the Central Goods and Services Tax (CGST) Act, 2017, unless the context otherwise requires, the term “existing law” has been defined, as under:

Section 2(48) of CGST Act: Definition of “Existing Law” (CHAPTER I – PRELIMINARY)

“existing law” means any law, notification, order, rule or regulation relating to levy and collection of duty or tax on goods or services or both passed or made before the commencement of this Act by Parliament or any Authority or person having the power to make such law, notification, order, rule or regulation.

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The Central Goods and Services Tax (CGST) Act, 2017 was notified by Govt. on 12 April, 2017 and CBIC has notified the commencement date for various Sections/ Provisions thereof from time to time. Subsequently, Govt. has notified the Central Goods and Services Tax (CGST) (Amendment) Act, 2018 on 30 Aug. 2018. However, commencement date of amended provisions of various Sections is to be separately notified by CBIC, except where specifically mentioned in the CGST Amendment Act, 2018 itself.

Related Posts:

Central Goods and Services Tax (CGST) Act, 2017 (Chapter-wise/ Section-wise)

Section 2 of CGST Act, 2017: Definitions

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