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ACTIVITIES OR TRANSACTIONS] TO BE TREATED AS SUPPLY OF GOODS OR SUPPLY OF SERVICES

by Shakshi Bharti | Sep 13, 2024

(c) any transfer of title in goods under an agreement which stipulates that property in goods shall pass at a future date upon payment of full consideration as agreed, is a supply of goods.

ACTIVITIES OR TRANSACTIONS WHICH SHALL BE TREATED NEITHER AS A SUPPLY OF GOODS NOR A SUPPLY OF SERVICES

by Shakshi Bharti | 14 September 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

3. (a) the functions performed by the Members of Parliament, Members of State Legislature, Members of Panchayats, Members of Municipalities and Members of other local authorities;

ACTIVITIES OR TRANSACTIONS] TO BE TREATED AS SUPPLY OF GOODS OR SUPPLY OF SERVICES

by Shakshi Bharti | 13 September 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

(c) any transfer of title in goods under an agreement which stipulates that property in goods shall pass at a future date upon payment of full consideration as agreed, is a supply of goods.

SCHEDULE I. ACTIVITIES TO BE TREATED AS SUPPLY EVEN IF MADE WITHOUT CONSIDERATION

by Shakshi Bharti | 13 September 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

(2) Supply of goods or services or both between related persons or between distinct persons as specified in section 25, when made in the course or furtherance of business:

Section 174. Repeal and saving.

by Shakshi Bharti | 13 September 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

(2) The repeal of the said Acts and the amendment of the Finance Act, 1994 (hereafter referred to as “such amendment” or “amended Act” , as the case may be) to the extent mentioned in the sub-section (1) or section 173 shall not-

Section 173. Amendment of Act 32 of 1994.

by Shakshi Bharti | 13 September 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

Save as otherwise provided in this Act, Chapter V of the Finance Act, 1994 shall be omitted.

Section 172. Removal of difficulties.

by Shakshi Bharti | 13 September 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

Provided that no such order shall be made after the expiry of a period of 1[five years] from the date of commencement of this Act.

Section 171. Antiprofiteering measure.

by Shakshi Bharti | 13 September 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

(1) Any reduction in rate of tax on any supply of goods or services or the benefit of input tax credit shall be passed on to the recipient by way of commensurate reduction in prices.

Section 170. Rounding off of tax, etc.-

by Shakshi Bharti | 13 September 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

The amount of tax, interest, penalty, fine or any other sum payable, and the amount of refund or any other sum due, under the provisions of this Act shall be rounded off to the nearest rupee

Section 169. Service of notice in certain circumstances.-

by Shakshi Bharti | 13 September 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

(1) Any decision, order, summons, notice or other communication under this Act or the rules made thereunder shall be served by any one of the following methods, namely:-

Section 168A. Power of Government to extend time limit in special circumstances.-

by Shakshi Bharti | 13 September 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

(1) Notwithstanding anything contained in this Act, the Government may, on the recommendations of the Council, by notification, extend the time limit specified in, or prescribed or notified under, this Act in respect of actions which cannot be completed or complied with due to force majeure.

SCHEDULE I. ACTIVITIES TO BE TREATED AS SUPPLY EVEN IF MADE WITHOUT CONSIDERATION

by Shakshi Bharti | Sep 13, 2024

(2) Supply of goods or services or both between related persons or between distinct persons as specified in section 25, when made in the course or furtherance of business:

Section 174. Repeal and saving.

by Shakshi Bharti | Sep 13, 2024

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Section 1. Short title, extent and commencement.-

by Shakshi Bharti | 24 August 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

Important Keyword: Commencement, Extension to Jammu and Kashmir. GST Section 1. Short title, extent and commencement.- GST Section 1. Short title, extent and commencement.- (1) This Act may be called the Central Goods and Services Tax Act, 2017. (2) It extends to...

Section 2 of the CGST Act, 2017.

by Shakshi Bharti | 24 August 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

Explore Section 2 of the CGST Act, 2017: Definitions and its implications for taxpayers. Get informed and stay compliant with the latest updates.

Section 3. Officers under this Act.-

by Shakshi Bharti | 24 August 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

Important Keyword: Officers, Commissioners, Principal Directors. GST Section 3. Officers under this Act.- GST Section 3. Officers under this Act.- The Government shall, by notification, appoint the following classes of officers for the purposes of this Act,...

Section 4. Appointment of Officers.-

by Shakshi Bharti | 24 August 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

Important Keyword: Section 3, Appointment of Officers. GST Section 4. Appointment of Officers.- GST Section 4. Appointment of Officers.- (1) The Board may, in addition to the officers as may be notified by the Government under section 3, appoint such...

Section 5. Powers of officers under GST.-

by Shakshi Bharti | 24 August 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

Important Keyword: Board may impose, Section 5, Officers. GST Section 5. Powers of officers under GST.- GST Section 5. Powers of officers under GST.- (1) Subject to such conditions and limitations as the Board may impose, an officer of central tax may exercise...

Section 6. Authorisation of officers of State tax or Union territory tax as proper officer in certain circumstances.-

by Shakshi Bharti | 24 August 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

Important Keyword: SGST, UTGST, Authorisation. GST Section 6. Authorisation of officers of State tax or Union territory tax as proper officer in certain circumstances.- GST Section 6. Authorisation of officers of State tax or Union territory tax as proper officer...

Section 7. Scope of supply.-

by Shakshi Bharti | 24 August 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

(a) all forms of supply of goods or services or both such as sale, transfer, barter, exchange, licence, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business;

Section 8. Tax liability on composite and mixed supplies.-

by Shakshi Bharti | 25 August 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

The tax liability on a composite or a mixed supply shall be determined in the following manner, namely:-

Section 9. Levy and collection. –

by Shakshi Bharti | 25 August 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

Subject to the provisions of sub-section (2), there shall be levied a tax called the central goods and services tax on all intra-State supplies of goods or services or both, except on the supply of alcoholic liquor for human consumption,

Section 10. Composition levy.-

by Shakshi Bharti | 25 August 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

(c) half percent of the turnover in State or turnover in Union territory in case of other suppliers, subject to such conditions and restrictions as may be prescribed:

Section 38. Communication of details of inward supplies and input tax credit.*

by Shakshi Bharti | 28 August 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

(b) details of supplies in respect of which such credit cannot be availed, whether wholly or partly, by the recipient, on account of the details of the said supplies being furnished under sub-section (1) of section 37,––

Section 12. Time of Supply of Goods .-

by Shakshi Bharti | 25 August 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

(1) The liability to pay tax on goods shall arise at the time of supply, as determined in accordance with the provisions of this section.

Section 25. Procedure for registration.-

by Shakshi Bharti | 26 August 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

Provided that a casual taxable person or a non-resident taxable person shall apply for registration at least five days prior to the commencement of business:

Section 65. Audit by tax authorities.-

by Shakshi Bharti | 31 August 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

(2) The officers referred to in sub-section (1) may conduct audit at the place of business of the registered person or in their office.

Section 138. Compounding of offences.-

by Shakshi Bharti | 9 September 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

Provided further that any compounding allowed under the provisions of this section shall not affect the proceedings, if any, instituted under any other law:

Section 93. Special provisions regarding liability to pay tax, interest or penalty in certain cases.-

by Shakshi Bharti | 3 September 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

(1) Save as otherwise provided in the Insolvency and Bankruptcy Code, 2016 (31 of 2016), where a person, liable to pay tax, interest or penalty under this Act, dies, then-

Section 61. Scrutiny of returns.-

by Shakshi Bharti | 31 August 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

(2) In case the explanation is found acceptable, the registered person shall be informed accordingly and no further action shall be taken in this regard.

Section 152. Bar on disclosure of information.-

by Shakshi Bharti | 11 September 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

(3) Nothing in this section shall apply to the publication of any information relating to a class of taxable persons or class of transactions, if in the opinion of the Commissioner, it is desirable in the public interest to publish such information.

Section 151. Power to call for information.

by Shakshi Bharti | 10 September 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

(1) The Commissioner may, if he considers that it is necessary so to do, by notification, direct that statistics may be collected relating to any matter dealt with by or in connection with this Act.

Section 148. Special procedure for certain processes.-

by Shakshi Bharti | 10 September 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

The Government may, on the recommendations of the Council, and subject to such conditions and safeguards as may be prescribed, notify certain classes of registered persons,