Amendment to Section 54 of the Central Goods and Services Tax Act
The amendment to Section 54 of the Central Goods and Services Tax Act involves a change in sub-section (6). Specifically, it removes the phrase "excluding the amount of input tax credit provisionally accepted." This suggests that the previous provision, which excluded provisionally accepted input tax credit from certain considerations, will no longer apply. This change may affect how input tax credits are treated in the context of refunds under this section of the Act.
Note: It is an AI generated summary for reference purpose only.
Amendment of section 54.
146. In section 54 of the Central Goods and Services Tax Act, in sub-section (6), the words "excluding the amount of input tax credit provisionally accepted," shall be omitted.
