Amendment of section 16.
129. In section 16 of the Central Goods and Services Tax Act, in sub-section (2),––
(i) in the second proviso, for the words “added to his output tax liability, along with interest thereon”, the words and figures “paid by him along with interest payable under section 50” shall be substituted;
(ii) in the third proviso, after the words “made by him”, the words “to the supplier” shall be inserted.
Notes on Clauses:
Clause 129 of the Bill seeks to amend second and third provisos to sub-section (2) of section 16 of the Central Goods and Services Tax Act to align the said sub-section with the return filing system provided in the said Act.
