Section 103 of CGST Act, 2017 – Applicability of Advance Ruling
Section 103 of CGST Act, 2017 – Applicability of Advance Ruling Act: Central Goods and Services Tax Act, 2017 Chapter: XVII – Advance Ruling Section Covered: Section 103 Effective From: 01st July 2017 🔎 Introduction Section 103 of the CGST Act, 2017 defines the binding nature and applicability of an advance ruling . While earlier sections deal with application, appeal and rectification, this provision clarifies: • On whom the advance ruling is binding • To what extent it applies • When it ceases to remain binding This section is crucial for understanding the legal effect of advance rulings. 📜 Bare Provision – Section 103 (Key Highlights) 1️⃣ An advance ruling pronounced by the Authority or the Appellate Authority shall be binding only: On the applicant who sought it; and On the concerned officer or jurisdictional officer in respect of the applicant. 2️⃣ The ruling shall be binding unless: The law, facts, or circumstances supporting the ruling have cha...