“Provided that the interest on tax payable iin respect of supplies mattees a tax period and declared in the return for the said furnished: after the due date in accordance with the provisions ofsection 39, exceptwhere such return is furnished after commencement ofany proceedings under section 3 or section 74 Amendment of.
section 52 * Insertion ofnew section 53A,_ Amendmentof section 54, Amendment of section 95.
-6- in respect of the said period, shall be levied onthat portion ofthetax that is paid by debitingthe electronic cash ledger.”.
11. In section 52 ofthe principal Act,-
(1)in sub-section(4), the following provisos shall be inserted, namely:- “Provided that the Commissioner may,for reasons to be recordedin writing, by notification, extendthe time limit for furnishing theStatementfor such class ofregistered personsas maybe specifiedtherein:
Provided further that any extensionoftime limit notified bytheCommissioner ofCentral Tax shall be deemed to be notified bytheCommissioner.”, -
(2) in sub-section (5), the following provisos shall be inserted, namely:- “Provided that the Commissioner may, on the recommendations ofthe Council and for reasons to be recorded in writing, by notification,extend the time limit for furnishing the annual statement for suchclass of registered persons as maybe specified therein;
_ Provided further that any extension oftime limit notified by theCommissioner ofCentral Tax shall be deemed to be notified by theCommissioner.”. :
2. After section 53 ofthe principal Act, the following’ section shall beinserted, namely:- :
ma “$3A. Where any amounthas been transferred from itiéelectroniccash ledger under this Act to the electronic cash ledger under theCentral Goods and Services Tax Act or under the Integrated Goodsand Services Tax Act or under the Goods and Services Tax(Compensation to States) Act, the government. shall, transfer to thecentral tax account or integrated tax account or cess account, anamount equal to the amount transferred from the elecironic cashledger, in the manner and within such time as may be prescribed.”