{"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":"139","heading":"Amendment of section 17","text":"Amendment of section 17. 139.  In section 17 of the Central Goods and Services Tax Act,— (a) | in sub-section (3), in the Explanation, for the words and figure \"except those specified in paragraph 5 of the said Schedule\", the following shall be substituted, namely:— \"except,— (i) | the value of activities or transactions specified in paragraph 5 of the said Schedule; and (ii) | the value of such activities or transactions as may be prescribed in respect of clause (a) of paragraph 8 of the said Schedule.\"; (b) | in sub-section (5), after clause (f), the following clause shall be inserted, namely:— \"(fa) goods or services or both received by a taxable person, which are used or intended to be used for activities relating to his obligations under corporate social responsibility referred to in section 135 of the Companies Act, 2013 (18 of 2013);\".","html":"<p><b>Amendment of section 17.</b></p><p><b>139. </b> In section 17 of the Central Goods and Services Tax Act,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>in sub-section (3), in the <i>Explanation</i>, for the words and figure \"except those specified in paragraph 5 of the said Schedule\", the following shall be substituted, namely:—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td></td><td></td><td>\"except,—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>the value of activities or transactions specified in paragraph 5 of the said Schedule; and</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>the value of such activities or transactions as may be prescribed in respect of clause (<i>a</i>) of paragraph 8 of the said Schedule.\";</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>b</i>)</td><td></td><td>in sub-section (5), after clause (<i>f</i>), the following clause shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>\"(<i>fa</i>) goods or services or both received by a taxable person, which are used or intended to be used for activities relating to his obligations under corporate social responsibility referred to in section 135 of the Companies Act, 2013 (18 of 2013);\".</td></tr></table></div>","words":145,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2023/section/139/","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."}