Section 154 - Amendment of section 34

Amendment to Section 34 of the Central Goods and Services Tax Act

Section 34 of the Central Goods and Services Tax Act has been amended. In subsection (1), an addition has been made after the phrase "both supplied are found to be deficient." The amendment includes the insertion of the phrase "or where a discount referred to in clause (b) of sub-section (3) of section 15 is given." This change allows for discounts, as specified in section 15, to be considered in the context of section 34, which deals with credit and debit notes in relation to the supply of goods or services. This amendment helps clarify the application of discounts in the adjustment of tax liabilities.