# The Finance Act, 2025, Section 126: Amendment of section 34

- Act: The Finance Act, 2025 (Act 7 of 2025)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2025/section/126/

## Text

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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