Section 102 - Rectification of advance ruling.

Rectification of advance ruling allows amendment to correct apparent errors, subject to hearing if tax liability increases.

Section 102 empowers the Authority or the Appellate Authority to amend advance rulings under sections 98 or 101 to rectify any error apparent on the face of the record, on its own motion or on notice by designated officers or the applicant/appellant within the prescribed time limit; provided that any rectification that increases tax liability or reduces admissible input tax credit requires that the applicant or appellant be given an opportunity of being heard.