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GST > Central Goods and Services Tax Act, 2017

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

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

(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

(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.

(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.

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

Section 169. Service of notice in certain circumstances.-

(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.-

(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.

Section 174. Repeal and saving.

(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-

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Shielding Your Business: A Comprehensive Guide to Business Continuity Planning (BCP)

Business Continuity Planning (BCP) is like a safety net for businesses, ready to cushion the impact when the unexpected hits. It’s more than just disaster management—it’s a strategic contingency plan ensuring the safety of a company’s assets, processes, and resources against unforeseen disruptions.

FAQs on GST applicability on ‘pre-packaged and labelled’ goods- reg

The changes relating to GST rate, in pursuance of recommendations made by the GST Council in its 47th meeting, are coming into effect from the 18th of July, 2022. One such change is moving from imposition of GST on specified goods when bearing a registered brand or brand in respect of which an actionable claim or enforceable right in a court of law is available to imposition of GST on such goods when “pre-packaged and labelled”. Certain representations have been received seeking clarification on the scope of this change, particularly in respect of food items like pulses, flour, cereals, etc. (specified items falling under the Chapters 1 to 21 of the Tariff), as has been notified vide notification No. 6/2022-Central Tax (Rate), dated the 13th of July, 2022, and the corresponding notifications for SGST and IGST.

FAQ on GST for Traders (Frequently Asked Questions)

Under GST, a trader would be entitled to avail input tax credit paid on their domestic procurements of goods and services unlike the present indirect tax regime. Presently, a significant portion of indirect taxes namely Central Excise and Service Tax form part of the cost component for a trader.

Order No. 01/2022 – GST: Authorization Under CGST Rules

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Electronic Way Bill in GST

Electronic Way Billi’s a document required for movement of goods and it includes details such as name of consignor, consignee, transporter, the point of origin of the movement of godsend its destination.Electronic Way Bill (e-way bill) is basically a compliance mechanism wherein by way of a digital interface the person causing the movement of goods uploads the relevant information prior to the commencement of movement of goods and generates e-way bill on the GST portal.

Order No. 01/2020 – GST: Extension of FORM GST TRAN-1

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Order No. 01/2020 – CT: Revocation of Cancellation of Reg.

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FAQs On TCS Under GST (Frequently Asked Questions)

As per Section 2(44) of the CGST Act, 2017, electronic Commerce means the supply of goods or services or both, including digital products over digital or electronic network.

FAQs on Anti-profiteering provisions (Frequently Asked Questions)

In terms of Section 171 of the CGST Act, 2017, the suppliers of goods and services should pass on the benefit of any reduction in the rate of tax or the benefit of input tax credit to the recipients by way of commensurate reduction in prices. The wilful action of not passing on the above benefits to the recipients in the manner prescribed is known as “profiteering”.

Order No. 01/2019 – GST: Extension of time limit for TRAN-1

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Circular No. 58/32/2018 – GST: Recovery of arrears of wrongly availed CENVAT credit under the existing law and inadmissible transitional credit.

The Board vide Circular No. 42/16/2018-Goods and Services Tax dated 13th April, 2018, has clarified that the recovery of arrears arising under the existing law shall be made as central tax liability to be paid through the utilization of the amount available in the electronic credit ledger or electronic cash ledger of the registered person, and the same shall be recorded in Part II of the Electronic Liability Register (FORM Goods and Services Tax PMT-01)

Notification No. 01/2022 – UT Tax Amendment Explained

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Section 9. Returns, payments and refunds

(b) furnish such returns in such forms, along with the returns to be filed under the Central Goods and Services Tax Act; and

Notification No. 69/2020 – Central Tax Explained

G.S.R…..(E).– In exercise of the powers conferred by sub-section (1) of section 44 of the CGST Act, 2017 (12 of 2017), read with rule 80 of the Central Goods and Services Tax Rules, 2017, the Commissioner, on the recommendations of the Council,

Notification No. 07/2017 – UTTR Explained

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FORM GST ASMT – 02: Notice for Seeking Additional Information / Clarification / Documents for provisional assessment

You are, therefore, requested to provide the information /documents within a period of <>from the date of service of this notice to enable this office to take a decision in the matter.

Notification No. 48/2020 – Central Tax Explained

Notification No. 48/2020 – Central Tax allows companies to file GSTR-3B and GSTR-1 using EVC from 27 May 2020 to 30 September 2020 under the Sixth Amendment Rules.

Notification No. 25/2017 – Central Tax (Rate) Explained

Understand GST Notification 25/2017 on FIFA U-17 World Cup ticket exemption. Simple guide with rules, examples, and compliance clarity.

Order No. 2/2019 – Central Tax | GSTR-8 Deadline Extended

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Notification No. 17/2023 GST Rate Millets & Molasses

Understand the GST changes introduced in Notification 17/2023 for molasses, millet flour, and industrial spirits with effect from October 20, 2023.