Amendment to Section 74 of the Central Goods and Services Tax Act
The amendment to Section 74 of the Central Goods and Services Tax Act involves a change in Explanation 1, specifically in clause (ii). Previously, this clause referenced sections 122, 125, 129, and 130. The amendment updates this reference by removing sections 129 and 130, leaving only sections 122 and 125. This change narrows the scope of the clause by focusing on fewer sections, which may affect how penalties and offenses under these sections are interpreted or applied. The amendment simplifies the legal text by reducing the number of sections involved in the explanation.
Note: It is an AI generated summary for reference purpose only.
Amendment of section 74.
113. In section 74 of the Central Goods and Services Tax Act, in Explanation 1, in clause (ii), for the words and figures “sections 122, 125, 129 and 130”, the words and figures “sections 122 and 125” shall be substituted.
