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<h1>Finance Bill 2020 Amends Section 140 of CGST Act, Sets Time Limits for Input Tax Credit Claims Retroactively</h1> Clause 126 of the Finance Bill, 2020, amends section 140 of the Central Goods and Services Tax Act to establish time limits and procedures for claiming input tax credit on transitional provisions. The amendments apply to various sub-sections, inserting the requirement for actions to be completed 'within such time and in such manner as may be prescribed.' These changes are retroactively effective from July 1, 2017, and aim to provide clarity on availing input tax credit for unclaimed credits under previous laws.