Section 126 - Amendment of section 50

Amendment to Section 50 of the Central Goods and Services Tax Act

Section 50 of the Central Goods and Services Tax Act is being amended. In sub-section (1) of this section, a change is made in the proviso. Specifically, the amendment involves adding the reference to "section 74A" after the existing references to "section 73" and "section 74". This means that the provisions applicable under sections 73 and 74 will now also apply to section 74A. This change aims to ensure that the rules and guidelines under these sections are consistent and comprehensive, likely affecting how certain tax calculations or obligations are managed under the GST framework.