{"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":"130","heading":"Restrictions of Scheme","text":"Restrictions of Scheme 130. (1) Any amount paid under this Scheme,— (a) | shall not be paid through the input tax credit account under the indirect tax enactment or any other Act; (b) | shall not be refundable under any circumstances; (c) | shall not, under the indirect tax enactment or under any other Act,— (i) | be taken as input tax credit; or (ii) | entitle any person to take input tax credit, as a recipient, of the excisable goods or taxable services, with respect to the matter and time period covered in the declaration. (2) In case any predeposit or other deposit already paid exceeds the amount payable as indicated in the statement of the designated committee, the difference shall not be refunded.","html":"<p><b><b>Restrictions of Scheme</b></b></p><p><b><b>130</b>. </b>(1) Any amount paid under this Scheme,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>shall not be paid through the input tax credit account under the indirect tax enactment or any other Act;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>shall not be refundable under any circumstances;</td></tr><tr><td>(<i>c</i>)</td><td></td><td>shall not, under the indirect tax enactment or under any other Act,—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>be taken as input tax credit; or</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>entitle any person to take input tax credit, as a recipient, of the excisable goods or taxable services, with respect to the matter and time period covered in the declaration.</td></tr></table></div><p>(<i>2</i>) In case any predeposit or other deposit already paid exceeds the amount payable as indicated in the statement of the designated committee, the difference shall not be refunded.</p>","words":125,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2019-no-2/section/130/","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."}