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<h1>Finance Act 2020 updates Section 29 of CGST Act: Taxable person can opt out of voluntary registration.</h1> Section 29 of the Central Goods and Services Tax Act has been amended by the Finance Act, 2020. In sub-section (1), clause (c) is replaced to state that a taxable person is no longer required to be registered under section 22 or section 24, or may choose to opt out of a voluntarily made registration under sub-section (3) of section 25. This amendment became effective on January 1, 2021, as per Notification No. 92/2020-Central Tax dated December 22, 2020.