Amendment to Section 16 of the Central Goods and Services Tax Act
The amendment to Section 16 of the Central Goods and Services Tax Act involves changes to sub-section (2). Firstly, in the second proviso, the wording has been changed. Previously, it stated that the tax amount should be added to the taxpayer's output tax liability along with interest. Now, it specifies that the amount should be paid by the taxpayer along with the interest as per Section 50. Secondly, in the third proviso, the amendment adds the phrase "to the supplier" after the words "made by him." These changes clarify the payment responsibilities and the flow of payments in the tax process under the Act.
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Amendment of section 16.
138. In section 16 of the Central Goods and Services Tax Act, in sub-section (2),—
(i) in the second proviso, for the words "added to his output tax liability, along with interest thereon", the words and figures "paid by him along with interest payable under section 50" shall be substituted;
(ii) in the third proviso, after the words "made by him", the words "to the supplier" shall be inserted.
