Finance Acts
Section - 126 - Amendment of section 34
Amendment of section 34.126. In section 34 of the Central Goods and Services Tax Act, in sub-section (2), for the proviso, the following proviso shall be substituted, namely:-"Provided that no reduction in output tax liability of the supplier shall be permitted, if the-
| (i) | - | input tax credit as is attributable to such a credit note, if availed, has not been reversed by the recipient, where such recipient is a registered person; or |
| (ii) | - | incidence of tax on such supply has been passed on to any other person, in other cases.". |
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