Section 136- Amendment of section 73

Amendment to Section 73: Determination of Tax for Financial Year Up to 2023-24

The amendment to Section 73 of the Central Goods and Services Tax Act involves two key changes. Firstly, the marginal heading of the section is updated to include the phrase "pertaining to the period up to Financial Year 2023-24." This addition clarifies that the tax determination under this section specifically applies to periods ending with the financial year 2023-24. Secondly, a new sub-section (12) is added, explicitly stating that the provisions of Section 73 are applicable for determining tax for the period up to the financial year 2023-24. These amendments aim to specify the temporal scope of the tax determination process outlined in Section 73, ensuring that it is clear this section's provisions are relevant only to tax matters up to the specified financial year.