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<h1>Finance Bill 2019: CGST Act Amendments Redefine Authorities, New Schemes for Service Providers, Mandatory Aadhaar, Electronic Payments.</h1> The Finance (No. 2) Bill, 2019 introduces several amendments to the CGST Act, 2017. Key changes include redefining 'adjudicating authority' to exclude the National Appellate Authority for Advance Ruling, introducing a new composition scheme for service providers with turnover up to Rs. 50 lakhs, and raising the exemption threshold for exclusive goods suppliers to Rs. 40 lakhs. Aadhaar authentication becomes mandatory for certain taxpayers, and electronic payment options are required for specified suppliers. The Bill also allows for the transfer of funds within the electronic cash ledger, adjusts interest charges, and empowers the National Appellate Authority with civil court powers.
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