{"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":"157","heading":"Amendment of section 138","text":"Amendment of section 138. 157.  In section 138 of the Central Goods and Services Tax Act,— (a) | in sub-section (1), in the first proviso,— (i) | for clause (a), the following clause shall be substituted, namely:— \"(a) a person who has been allowed to compound once in respect of any of the offences specified in clauses (a) to (f), (h), (i) and (l) of sub-section (1) of section 132;\"; (ii) | clause (b) shall be omitted; (iii) | for clause (c), the following clause shall be substituted, namely:— \"(c) a person who has been accused of committing an offence under clause (b) of sub-section (1) of section 132;\"; (iv) | clause (e) shall be omitted; (b) | in sub-section (2), for the words \"ten thousand rupees or fifty per cent. of the tax involved, whichever is higher, and the maximum amount not being less than thirty thousand rupees or one hundred and fifty per cent. of the tax, whichever is higher\", the words \"twenty-five per cent. of the tax involved and the maximum amount not being more than one hundred per cent. of the tax involved\" shall be substituted.","html":"<p><b>Amendment of section 138.</b></p><p><b>157. </b> In section 138 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 (1), in the first proviso,—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>for clause (<i>a</i>), the following clause shall be substituted, namely:—</td></tr><tr><td></td><td></td><td>\"(<i>a</i>) a person who has been allowed to compound once in respect of any of the offences specified in clauses (<i>a</i>) to (<i>f</i>), (<i>h</i>), (<i>i</i>) and (<i>l</i>) of sub-section (1) of section 132;\";</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>clause (<i>b</i>) shall be omitted;</td></tr><tr><td>(<i>iii</i>)</td><td></td><td>for clause (<i>c</i>), the following clause shall be substituted, namely:—</td></tr><tr><td></td><td></td><td>\"(<i>c</i>) a person who has been accused of committing an offence under clause (<i>b</i>) of sub-section (1) of section 132;\";</td></tr><tr><td>(<i>iv</i>)</td><td></td><td>clause (<i>e</i>) shall be omitted;</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>b</i>)</td><td></td><td>in sub-section (2), for the words \"ten thousand rupees or fifty per cent. of the tax involved, whichever is higher, and the maximum amount not being less than thirty thousand rupees or one hundred and fifty per cent. of the tax, whichever is higher\", the words \"twenty-five per cent. of the tax involved and the maximum amount not being more than one hundred per cent. of the tax involved\" shall be substituted.</td></tr></table></div>","words":190,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2023/section/157/","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."}