Amendment of Section 16 in the Central Goods and Services Tax Act, 2017
Section 16 of the Central Goods and Services Tax Act, 2017 has been amended to include several changes. Firstly, a new clause (ba) has been added to sub-section (2). This clause specifies that the details of input tax credit for a supply must be communicated to the registered person under section 38 and should not be restricted. Secondly, in clause (c) of the same sub-section, the reference to "section 43A" has been removed. Additionally, sub-section (4) has been updated to change the deadline for furnishing returns. Previously, the deadline was tied to the due date of the return under section 39 for the month of September, but it has now been changed to the thirtieth day of November. These amendments aim to streamline the process and provide clearer guidelines for the handling of input tax credits within the GST framework.
Note: It is an AI generated summary for reference purpose only.
Amendment of section 16.
100. In the Central Goods and Services Tax Act, 2017 (hereinafter referred to as the Central Goods and Services Tax Act), in section 16, ––
(a) in sub-section (2),––
(i) after clause (b), the following clause shall be inserted, namely:––
“(ba) the details of input tax credit in respect of the said supply communicated to such registered person under section 38 has not been restricted;”;
(ii) in clause (c), the words, figures and letter “or section 43A” shall be omitted;
(b) in sub-section (4), for the words and figures “due date of furnishing of the return under section 39 for the month of September”, the words “thirtieth day of November” shall be substituted.
