Amendment to Section 107 of the Central Goods and Services Tax Act
An amendment has been made to Section 107 of the Central Goods and Services Tax Act. Specifically, a new proviso has been added to subsection (6). This new proviso states that if someone wants to appeal an order made under subsection (3) of Section 129, they must first pay 25% of the penalty amount. This means that before an appeal can proceed, the appellant must pay a quarter of the penalty imposed. This change aims to ensure that appellants have a financial commitment before pursuing an appeal, potentially discouraging frivolous appeals.
Note: It is an AI generated summary for reference purpose only.
Amendment of section 107.
116. In section 107 of the Central Goods and Services Tax Act, in sub-section (6), the following proviso shall be inserted, namely:––
“Provided that no appeal shall be filed against an order under sub-section (3) of section 129, unless a sum equal to twenty-five per cent. of the penalty has been paid by the appellant.”.
