Clause 125 - Amendment of section 132. - Finance Bill, 2020

Amendment of section 132. 125. In section 132 of the Central Goods and Services Tax Act, in sub-section ( 1 ), ( i )for the words Whoever commits any of the following offences , the words Whoever commits, or causes to commit and retain the benefits arising out of, any of the following offences shall be substituted; ( ii ) for clause ( c ), the following clause shall be substituted, namely: ( c ) avails input tax credit using the invoice or bill referred to in clause ( b ) or fraudulently avails input tax credit without any invoice or bill; ; ( iii ) in sub-clause ( e ), the words , fraudulently avails input tax credit shall be omitted.