{"act":{"id":"finance-act-2023","short_title":"The Finance Act, 2023","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2023-2024.","act_number":"8","act_year":2023,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":181,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2023/"},"unit":"section","section":{"number":"138","heading":"Amendment of section 16","text":"Amendment of section 16. 138.  In section 16 of the Central Goods and Services Tax Act, in sub-section (2),— (i) | in the second proviso, for the words \"added to his output tax liability, along with interest thereon\", the words and figures \"paid by him along with interest payable under section 50\" shall be substituted; (ii) | in the third proviso, after the words \"made by him\", the words \"to the supplier\" shall be inserted.","html":"<p><b>Amendment of section 16.</b></p><p><b>138. </b> In section 16 of the Central Goods and Services Tax Act, in sub-section (2),—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>in the second proviso, for the words \"added to his output tax liability, along with interest thereon\", the words and figures \"paid by him along with interest payable under section 50\" shall be substituted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>in the third proviso, after the words \"made by him\", the words \"to the supplier\" shall be inserted.</td></tr></table></div>","words":75,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2023/section/138/","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."}