+91-8512-022-044 help@finodha.in

GST > Integrated Goods And Services Tax Act, 2017

The Latest

Section 24. Laying of rules, regulations and notifications. –

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

Section 25. Removal of difficulties.-

GST: 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 23. Power to make regulations. –

The Board may, by notification, make regulations consistent with this Act and the rules made thereunder to carry out the provisions of this Act.

Section 22. Power to make rules. –

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

Section 21. Import of services made on or after the appointed day. –

Provided that if the tax on such import of services had been paid in full under the existing law, no tax shall be payable on such import under this Act:

Section 20. Application of provisions of Central Goods and Services Tax Act. –

Subject to the provisions of this Act and the rules made thereunder, the provisions of Central Goods and Services Tax Act relating to,-

Section 19. Tax wrongfully collected and paid to Central Government or State Government. –

A registered person who has paid integrated tax on a supply considered by him to be an inter-State supply, but which is subsequently held to be an intra-State supply,

Section 18. Transfer of input tax credit. –

central tax in accordance with the provisions of sub-section (5) of section 49 of the Central Goods and Services Tax Act, the amount collected as integrated tax shall stand reduced by an amount equal to the credit

Section 17A. Transfer of Certain Amounts-

Where any amount has been transferred from the electronic cash ledger under this Act to the electronic cash ledger under the State Goods and Services Tax Act

Section 17. Apportionment of tax and settlement of funds . –

Provided that where the place of such supply made by any taxable person cannot be determined separately, the said balance amount shall be apportioned to,-

Read anything...

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

Explore Order No. 01/2022 – GST: Authorisation Under CGST Rules & its implications for taxpayers. Get informed and stay compliant with the latest updates.

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

Explore Order No. 01/2020 – GST: Extension of FORM GST TRAN-1 & its implications for taxpayers. Get informed and stay compliant with the latest updates.

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

Explore Order No. 01/2020 – CT: Revocation of Cancellation of Reg. & its implications for taxpayers. Get informed and stay compliant with the latest updates.

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

Explore Order No. 01/2019 – GST: Extension of time limit for TRAN-1 & its implications for taxpayers. Get informed and stay compliant with the latest updates.

Notification No. 29/2020 – Central Tax Explained

Notification No. 29/2020 – Central Tax prescribes GSTR-3B due dates for Apr–Sep 2020. Easy FAQs, real examples, state-wise deadlines & GST guidance.

Notification No. 07/2019 – Union Territory Tax (Rate) Update

Notification No. 07/2019 – Union Territory Tax (Rate) introduces RCM on certain real estate supplies to promoters. Know GST rules & impact.

Notification No. 45/2018 – Central Tax Explained

Notification No. 45/2018 – Central Tax extends GSTR-3B filing for newly migrated taxpayers till 31 Dec 2018. Full guide with FAQs.

Notification No. 05/2017 — Integrated Tax Explained

Understand HSN code requirements in GST invoices under Notification 05/2017 with turnover-based rules and practical examples.

Section 120. Appeal not to be filed in certain cases.-

The Board may, on the recommendations of the Council, from time to time, issue orders or instructions or directions fixing such monetary limits, as it may deem fit, for the purposes of regulating the filing of appeal

Rule 36. Documentary requirements and conditions for claiming input tax credit.-

Important Keyword: section 34, section 31, rule 54. Table of Contents GST Rule 36. Documentary requirements and conditions for claiming input tax credit.- GST Rule 36. Documentary requirements and conditions for claiming input tax credit.- (1) The input tax credit...

Circular No. 72/46/2018 – GST: Circular to clarify the procedure in respect of return of time expired drugs or medicines.

Various representations have been received seeking clarification on the procedure to be followed in respect of return of time expired drugs or medicines under the GST laws. The issues raised in the said representations have been examined and to ensure uniformity in the implementation of the law across the field formations, the Board, in exercise of its powers conferred under section 168(1) of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as the “CGST Act”) hereby clarifies the issue in succeeding paragraphs.

Notification No. 40/2017 – Central Tax Explained

Notification No. 40/2017 – Central Tax allows registered persons with turnover up to ₹1.5 crore to pay GST at time of supply. Learn rules, examples & FAQs.

Notification No. 16/2024 – CT: Finance Act (No.1) 2024

Explore Notification No. 16/2024 – CT: Finance Act (No.1) 2024 & its implications for taxpayers. Get informed and stay compliant with the latest updates.

FORM GST TRAN – 1: Transitional ITC / Stock Statement

Important Keyword: FORM GST TRAN - 1, Transitional ITC, Stock Statement. Table of Contents FORM GST TRAN - 1 Transitional ITC / Stock Statement Verification (by authorised signatory) Instructions: FORM GST TRAN - 1 [See rule 117(1), 118, 119 & 120] Transitional...

No Results Found

The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.