Amendment to Section 49 of the Central Goods and Services Tax Act
The amendment to Section 49 of the Central Goods and Services Tax Act involves a change in sub-section (8), clause (c). Specifically, the amendment adds a reference to "section 74A" after the existing references to "section 73" and "section 74". This means that any provisions or implications that apply to sections 73 and 74 will now also apply to section 74A. This change likely expands the scope of the regulations or processes covered under this part of the Act, ensuring that section 74A is included in the relevant legal framework. This amendment is part of ongoing updates to the tax legislation to ensure clarity and comprehensive coverage of all applicable sections.
Note: It is an AI generated summary for reference purpose only.
Amendment of section 49.
125. In section 49 of the Central Goods and Services Tax Act, in sub-section (8), in clause (c), after the words and figures “section 73 or section 74”, the words, figures and letter “or section 74A” shall be inserted.
