Amendment to Section 21: inclusion of section 74A brings that provision within recovery and liability references under CGST law. Amendment inserts the words "or section 74A" into section 21 of the Central Goods and Services Tax Act immediately after "section 73 or section 74," ... Summary
Amendment to Section 21: inclusion of section 74A brings that provision within recovery and liability references under CGST law.
Amendment inserts the words "or section 74A" into section 21 of the Central Goods and Services Tax Act immediately after "section 73 or section 74," thereby making the recovery and liability measures available under section 21 applicable also in relation to the newly referenced provision; the change is effected by the Finance (No. 2) Act, 2024 and notified to commence from 1 November 2024.
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