Clause 16
Amendment of section 60
of Goods and Services Tax (Amendment) Bill
BillNot in forceProvision 16 of 19
Clause 16
Section 60 of the principal Act is amended by inserting, immediately after subsection (1), the following subsection:“(1A) Subsection (1) shall apply separately to —
(a)
the output tax of a taxable person after deduction of input tax allowable under section 20; and
(b)
tax accountable by a taxable person pursuant to regulations made under section 27A.”.