Amendment of Section 54.

15. In Section 54 of the principal Act,

1. (a) in sub-section (1),in the proviso, for the words and figure "may claim such refund in the return furnished under section 39 in such manner as may be prescribed",the words "may claim such refund in such form and manner as may be prescribed" shall be substituted;
2. (b) in sub-section (2), for the words "six months ", the words "two years" shall be substituted;
3. (c) in sub-section (10), the words, bracket and figure "under sub-section (3)" shall be omitted;
4. (d) in the Explanation, in clause (2), after sub-clause (b), the following sub-clause shall be inserted, namely:, "(ba) in case of zero-rated supply of goods or services or both to a Special Economic Zone developer or a Special Economic Zone unit where a refund of tax paid is available in respect of such supplies themselves, or as the case may be, the inputs or input services used in such supplies, the due date for furnishing of return under section 39 in respect of such supplies;"."