Amendment to Section 39 of the Central Goods and Services Tax Act
Section 39 of the Central Goods and Services Tax Act is being amended. Specifically, in subsection (1), the phrase "and within such time" is being replaced with "within such time, and subject to such conditions and restrictions." This change implies that the requirements for compliance under this section will not only be time-bound but will also be subject to specified conditions and restrictions. This amendment aims to provide more structured guidance on how the provisions of this section should be applied, ensuring that they are followed under certain predefined parameters. This change could affect how taxpayers comply with the filing requirements under this section, potentially introducing new conditions or limitations that need to be adhered to.
Note: It is an AI generated summary for reference purpose only.
Amendment of section 39.
128. In section 39 of the Central Goods and Services Tax Act, in sub-section (1), for the words “and within such time”, the words “within such time, and subject to such conditions and restrictions” shall be substituted.
