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of <h1>Finance Bill 2023 proposes changes to CGST Act Section 16(2) for clarity on tax liability and supplier payments.</h1> Clause 129 of the Finance Bill, 2023 proposes amendments to section 16, sub-section (2) of the Central Goods and Services Tax Act. The second proviso will be revised to replace the phrase 'added to his output tax liability, along with interest thereon' with 'paid by him along with interest payable under section 50.' Additionally, in the third proviso, the phrase 'to the supplier' will be inserted after 'made by him.' These changes aim to align the sub-section with the Act's return filing system.
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