{"act":{"id":"finance-act-2024-no-2","short_title":"The Finance Act, 2024 (No. 2)","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2024-2025.","act_number":null,"act_year":2024,"enact_date":"2024-08-16","enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":174,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2024-no-2/"},"unit":"section","section":{"number":"122","heading":"Amendment of section 31","text":"Amendment of section 31. 122. In section 31 of the Central Goods and Services Tax Act,— (a) | in sub-section (3), in clause (f), after the words and figure \"of section 9 shall\", the words \", within the period as may be prescribed,\" shall be inserted; (b) | after clause (g), the following Explanation shall be inserted, namely:— 'Explanation.— For the purposes of clause (f), the expression \"supplier who is not registered\" shall include the supplier who is registered solely for the purpose of deduction of tax under section 51.'","html":"<p><b>Amendment of section 31.</b></p><p><b>122.</b> In section 31 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 clause (<i>f</i>), after the words and figure \"of section 9 shall\", the words \", within the period as may be prescribed,\" shall be inserted;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>after clause (<i>g</i>), the following <i>Explanation</i> shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>'<i>Explanation</i>.— For the purposes of clause (<i>f</i>), the expression \"supplier who is not registered\" shall include the supplier who is registered solely for the purpose of deduction of tax under section 51.'</td></tr></table></div>","words":90,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2024-no-2/section/122/","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."}