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CS Professional · Goods and Services Tax (GST) and Corporate Tax Planning · Input Tax Credit and Computation of GST Liability

Section 16(2)(c) makes the condition that tax charged on the supply has been actually paid to the Government 'subject to the provisions of' which provision, following its amendment w.e.f. 1 October 2022?

After 1 October 2022, Section 16(2)(c) is subject to Section 41 alone. The reference to Section 43A was omitted by Act 6 of 2022, so the earlier wording citing both sections no longer applies.

  1. ASection 41Correct
  2. BSection 41 or Section 43A
  3. CSection 37 only
  4. DSection 49 only

Explanation

Section 16(2)(c) reads 'subject to the provisions of section 41'. The words 'or section 43A' were omitted by Act 6 of 2022 w.e.f. 1 October 2022. So the option citing both sections reflects the old text and is wrong.

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