{"act":{"id":"finance-act-2019-no-2","short_title":"The Finance Act, 2019 (No. 2)","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2019-2020.","act_number":null,"act_year":2019,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":217,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2019-no-2/"},"unit":"section","section":{"number":"107","heading":"Amendment of section103","text":"Amendment of section103 107. In section 103 of the Central Goods and Services Tax Act,-- (i) | after sub-section (1), the following sub-section shall be inserted, namely:-- \"(1A) The Advance Ruling pronounced by the National Appellate Authority under this Chapter shall be binding on— (a) | the applicants, being distinct persons, who had sought the ruling under sub-section (1) of section 101B and all registered persons having the same Permanent Account Number issued under the Income-tax Act, 1961 (43 of 1961); (b) | the concerned officers and the jurisdictional officers in respect of the applicants referred to in clause (a) and the registered persons having the same Permanent Account Number issued under the Income-tax Act, 1961. (43 of 1961)\"; (ii) | in sub-section (2), after the words, brackets and figure \"in sub-section (1)\", the words, brackets, figure and letter \"and sub-section (1A)\" shall be inserted.","html":"<p><b><b>Amendment of section103</b></b></p><p><b><b>107</b></b>. In section 103 of the Central Goods and Services Tax Act,--</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>after sub-section (1), the following sub-section shall be inserted, namely:--</td></tr><tr><td></td><td></td><td>\"(1A) The Advance Ruling pronounced by the National Appellate Authority under this Chapter shall be binding on—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>the applicants, being distinct persons, who had sought the ruling under sub-section (1) of section 101B and all registered persons having the same Permanent Account Number issued under the Income-tax Act, 1961 (43 of 1961);</td></tr><tr><td>(<i>b</i>)</td><td></td><td>the concerned officers and the jurisdictional officers in respect of the applicants referred to in clause (<i>a</i>) and the registered persons having the same Permanent Account Number issued under the Income-tax Act, 1961. (43 of 1961)\";</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>ii</i>)</td><td></td><td>in sub-section (2), after the words, brackets and figure \"in sub-section (1)\", the words, brackets, figure and letter \"and sub-section (1A)\" shall be inserted.</td></tr></table></div>","words":145,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2019-no-2/section/107/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}