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GST > Central Goods and Services Tax Act, 2017

Section 173. Amendment of Act 32 of 1994.

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

Section 172. Removal of difficulties.

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.

(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.-

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

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