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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:

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.

Section 173. Amendment of Act 32 of 1994.

by Shakshi Bharti | Sep 13, 2024

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 | Sep 13, 2024

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.

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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 23. Persons not liable for registration.-

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

(a) any person engaged exclusively in the business of supplying goods or services or both that are not liable to tax or wholly exempt from tax under this Act or under the Integrated Goods and Services Tax Act;

Section 86. Liability of agent and principal.-

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

Where an agent supplies or receives any taxable goods on behalf of his principal, such agent and his principal shall, jointly and severally, be liable to pay the tax payable on such goods under this Act.

Section 18. Availability of credit in special circumstances.

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

a person who has applied for registration under this Act within thirty days from the date on which he becomes liable to registration and has been granted such registration shall be entitled to take credit of input tax in respect of inputs held in stock

Section 164. Power of Government to make rules.-

by Shakshi Bharti | 12 September 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

(1) The Government may, on the recommendations of the Council, by notification, make rules for carrying out the provisions of this Act.

Section 27. Special provisions relating to casual taxable person and non-resident taxable person.-

by Shakshi Bharti | 27 August 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

Provided that the proper officer may, on sufficient cause being shown by the said taxable person, extend the said period of ninety days by a further period not exceeding ninety days.

Section 43A. Procedure for furnishing return and availing input tax credit. –

by Shakshi Bharti | 29 August 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

Important Keyword: Section 39, Section 41, Section 42, Section 43. GST Section 43A. Procedure for furnishing return and availing input tax credit. - Enforced w.e.f. 22nd June, 2017. 1. Omitted (w.e.f. 1st October, 2022 vide Notification No. 18/2022...

Section 60. Provisional assessment.-

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

Provided that the period specified in this sub-section may, on sufficient cause being shown and for reasons to be recorded in writing, be extended by the Joint Commissioner or Additional Commissioner

Section 166. Laying of rules, regulations and notifications.-

by Shakshi Bharti | 12 September 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

Every rule made by the Government, every regulation made by the Board and every notification issued by the Government under this Act,

Section 95. Definitions of Advance Ruling.-

by Shakshi Bharti | 4 September 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

(b) “Appellate Authority” means the Appellate Authority for Advance Ruling referred to in section 99;

Section 76. Tax collected but not paid to Government.-

by Shakshi Bharti | 2 September 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 Comments

(3) The proper officer shall, after considering the representation, if any, made by the person on whom the notice is served under sub-section (2), determine the amount due from such person and thereupon such person shall pay the amount so determined.