Amendment of section 15
Section 153 of the Finance Act, 2026 deals with amendment of section 15. Central Goods and Services Tax Amendment of section 15.
Central Goods and Services Tax
Amendment of section 15.
153. In the Central Goods and Services Tax Act, 2017 (12 of 2017), (hereinafter referred to as the Central Goods and Services Tax Act), in section 15, in sub-section (3), for clause (b), the following clause shall be substituted, namely:—
Section 153, The Finance Act, 2026 (Act 4 of 2026).
"(b) after the supply has been effected, if for such discount, a credit note has been issued by the supplier and input tax credit as is attributable to such discount has been reversed by the recipient of the supply, in accordance with the provisions of section 34.".
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Questions about Section 153
What does Section 153 of the Finance Act deal with?
Section 153 of the Finance Act is headed "Amendment of section 15". Central Goods and Services Tax Amendment of section 15.
How do I find court cases under Section 153 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2026 153, section 153 Finance Act 2026, section 153 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 153 of the Finance Act, and has it changed?
Its own text turns on section 15 (Amendment of section 222), section 34 (Amendment of Second Schedule), so none of them can safely be read on its own. 3 other provisions in this corpus refer back to it.
When was the Finance Act enacted?
Finance Act was enacted in 2026 as Act 4 of 2026. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. -11686 words
- 3. Income-tax under Act 30 of 20258033 words
- Fourth Schedule. -4078 words
- 2. Income-tax under Act 43 of 19612736 words
- 26. Substitution of new sections for sections 276B, 276BB, 276C, 276CC, 276CCC and 276D1437 words
- Fifth Schedule. -1363 words
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