Amendment to Section 103 of the Central Goods and Services Tax Act
An amendment to Section 103 of the Central Goods and Services Tax Act introduces a new sub-section (1A). This new sub-section specifies that any Advance Ruling made by the National Appellate Authority will be binding on certain parties. These parties include the applicants who sought the ruling under sub-section (1) of section 101B and all registered persons with the same Permanent Account Number (PAN) as issued under the Income-tax Act, 1961. Additionally, the ruling will also be binding on the concerned officers and jurisdictional officers related to these applicants and registered persons with the same PAN. Moreover, in sub-section (2) of Section 103, the reference to sub-section (1) is expanded to include the newly added sub-section (1A). This ensures that the binding nature of the Advance Ruling is clearly applicable as outlined in the new provisions.
Note: It is an AI generated summary for reference purpose only.
Amendment of section 103.
107. In section 103 of the Central Goods and Services Tax Act,––
(i) after sub-section (1), the following sub-section shall be inserted, namely:––
“(1A) The Advance Ruling pronounced by the National Appellate Authority under this Chapter shall be binding on—
(a) the applicants, being distinct persons, who had sought the ruling under sub-section (1) of section 101B and all registered persons having the same Permanent Account Number issued under the Income-tax Act, 1961;
(b) the concerned officers and the jurisdictional officers in respect of the applicants referred to in clause (a) and the registered persons having the same Permanent Account Number issued under the Income-tax Act, 1961.”;
(ii) in sub-section (2), after the words, brackets and figure “in sub-section (1)”, the words, brackets, figure and letter “and sub-section (1A)” shall be inserted.
