GST: The set-off scare

A plain reading of Section 49 of the CGST Amendment Act, 2018 is not possible due to the manner in the changes have been drafted. Not surprisingly, the wordings of the sections have left everyone flummoxed. Through Notification No 02/2019 of January 29, 2019, twenty-eight sections and three schedules of the CGST Act have been amended while the amendment of five sections has been deferred. The amen…