Section 2 - ITR eFiling 22-23, 23-24, 23-24 | GST & Pvt Ltd Registration

Section 5. Insertion of new section 14A- Special provision for specified actionable claims supplied by a person located outside taxable territory.

by Shakshi Bharti | Sep 26, 2024 | GST, Acts, Union Territory Goods And Services Tax Act, 2017

Important Keyword: GST, CGST, SGST, IGST, Section 2, Section 5, Section 14, Section 69A.

GST Section 5. Insertion of new section 14A- Special provision for specified actionable claims supplied by a person located outside taxable territory.

“14A. (1) A supplier of online money gaming as defined in clause (80B) of section 2 of the Central Goods and Services Tax Act, 2017, not located in the taxable territory, shall in respect of the supply of online money gaming by him to a person in the taxable territory, be liable to pay integrated tax on such supply.

(2) For the purposes of complying with provisions of sub-section (1), the supplier of online money gaming shall obtain a single registration under the Simplified Registration Scheme referred to in sub-section (2) of section 14 of this Act:

Provided that any person located in the taxable territory representing such supplier for any purpose in the taxable territory shall get registered and pay the integrated tax on behalf of the supplier:

Provided further that if such supplier does not have a physical presence or does not have a representative for any purpose in the taxable territory, he shall appoint a person in the taxable territory for the purpose of paying integrated tax and such person shall be liable for payment of such tax.

(3) In case of failure to comply with provisions of sub-section (1) or sub-section (2) by the supplier of the online money gaming or a person appointed by such supplier or both, notwithstanding anything contained in section 69A of the Information Technology Act, 2000, any information generated, transmitted, received or hosted in any computer resource used for supply of online money gaming by such supplier shall be liable to be blocked for access by the public in such manner as specified in the said Act.”.

Web Stories: Notification No. 36/2019 – Central Tax: Seeks to extend the date from which the facility of blocking and unblocking of e-way bill facility as per the provision of Rule 138E of CGST Rules, 2017 shall be brought into force to 21.11.2019.

Download Pdf: https://taxinformation.cbic.gov.in/

Section 2. Amendment of section 2.

by Shakshi Bharti | Sep 26, 2024 | GST, Acts, Union Territory Goods And Services Tax Act, 2017

Important Keyword: Section 2.

GST Section 2. Amendment of section 2.

In section 2 of the Integrated Goods and Services Tax Act, 2017 (hereinafter referred to as the principal Act), in clause (17), for sub-clause (vii), the following sub-clause shall be substituted, namely:—

“(vii) online gaming, excluding the online money gaming as defined in clause (80B) of section 2 of the Central Goods and Services Tax Act, 2017”

Web Stories: Notification No. 36/2019 – Central Tax: Seeks to extend the date from which the facility of blocking and unblocking of e-way bill facility as per the provision of Rule 138E of CGST Rules, 2017 shall be brought into force to 21.11.2019.

Download Pdf: https://taxinformation.cbic.gov.in/

Amendment of section 110

by Shakshi Bharti | Sep 26, 2024 | GST, Acts, Union Territory Goods And Services Tax Act, 2017

Important Keyword: Section 2, Section 110.

GST Amendment of section 110

In section 110 of the Central Goods and Services Tax Act, 2017,—

(A) in sub-section (1),—

(I) in clause (b), after sub-clause (ii), the following sub-clause shall be inserted, namely:—

“(iii) has been an advocate for ten years with substantial experience in litigation in matters relating to indirect taxes in the Appellate Tribunal, Customs, Excise and Service Tax Appellate Tribunal, State Value Added Tax Tribunal, by whatever name called, High Court or Supreme Court;”;

(II) the following proviso shall be inserted, namely:—

“Provided that a person who has not completed the age of fifty years shall not be eligible for appointment as the President or Member.”;

(B) in sub-section (9), for the words, “sixty-seven years, whichever is earlier and shall be eligible for re-appointment for a period not exceeding two years”, the words “seventy years, whichever is earlier and shall be eligible for re-appointment for a period not exceeding two years subject to the age-limit specified above” shall be substituted;

(C) in sub-section (10), for the words, “sixty-five years, whichever is earlier and shall be eligible for re-appointment for a period not exceeding two years”, the words “sixty-seven years, whichever is earlier and shall be eligible for re-appointment for a period not exceeding two years subject to the age-limit specified above” shall be substituted.

Web Stories: Notification No. 36/2019 – Central Tax: Seeks to extend the date from which the facility of blocking and unblocking of e-way bill facility as per the provision of Rule 138E of CGST Rules, 2017 shall be brought into force to 21.11.2019.

Download Pdf: https://taxinformation.cbic.gov.in/

Section 2. Amendment of section 2

by Shakshi Bharti | Sep 25, 2024 | GST, Acts, Union Territory Goods And Services Tax Act, 2017

Important Keyword: GST, CGST, SGST, IGST, Section 2.

GST Section 2. Amendment of section 2

In section 2 of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as the principal Act),—

(a) after clause (80), the following clauses shall be inserted, namely:—

‘(80A) “online gaming” means offering of a game on the internet or an electronic network and includes online money gaming;

(80B) “online money gaming” means online gaming in which players pay or deposit money or money’s worth, including virtual digital assets, in the expectation of winning money or money’s worth, including virtual digital assets, in any event including game, scheme, competition or any other activity or process, whether or not its outcome or performance is based on skill, chance or both and whether the same is permissible or otherwise under any other law for the time being in force;’;

(b) after clause (102), the following clause shall be inserted, namely:—

‘(102A) “specified actionable claim” means the actionable claim involved in or by way of—

(i) betting;

(ii) casinos;

(iii) gambling;

(iv) horse racing;

(v) lottery; or

(vi) online money gaming;’;

(c) in clause (105), the following proviso shall be inserted at the end, namely:—

“Provided that a person who organises or arranges, directly or indirectly, supply of specified actionable claims, including a person who owns, operates or manages digital or electronic platform for such supply, shall be deemed to be a supplier of such actionable claims,

whether such actionable claims are supplied by him or through him and whether consideration in money or money’s worth, including virtual digital assets, for supply of such actionable claims is paid or conveyed to him or through him or placed at his disposal in any manner, and all the provisions of this Act shall apply to such supplier of specified actionable claims, as if he is the supplier liable to pay the tax in relation to the supply of such actionable claims;”;

(d) after clause (117), the following clause shall be inserted, namely:—

‘(117A) “virtual digital asset” shall have the same meaning as assigned to it in clause (47A) of section 2 of the Income-tax Act, 1961;’.

Web Stories: Notification No. 11/2020 – Central Tax: Seeks to provide special procedure for corporate debtors undergoing the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016.

Download Pdf: https://ta x information.cbic.gov.in/

Section 21. Application of provisions of Central Goods and Services Tax Act.

by Shakshi Bharti | Sep 25, 2024 | GST, Acts, Union Territory Goods And Services Tax Act, 2017

Important Keyword: GST, CGST, SGST, Section 2, Section 21.

GST Section 21. 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 the Central Goods and Services Tax Act, relating to-

(i) scope of supply;

(ii)composition levy;

(iii)composite supply and mixed supply;

(iv)time and value of supply;

(v)input tax credit;

(vi)registration;

(vii)tax invoice, credit and debit notes;

(viii)accounts and records;

(ix)returns;

(x)payment of tax;

(xi)tax deduction at source;

(xii)collection of tax at source;

(xiii)assessment;

(xiv)refunds;

(xv)audit;

(xvi)inspection, search, seizure and arrest;

(xvii)demands and recovery;

(xviii)liability to pay in certain cases;

(xix)advance ruling;

(xx)appeals and revision;

(xxi)presumption as to documents;

(xxii)offences and penalties;

(xxiii)job work;

(xxiv)electronic commerce;

(xxv)settlement of funds;

(xxvi)transitional provisions; and

(xxvii)miscellaneous provisions including the provisions relating to the imposition of interest and penalty,

shall, mutatis mutandis, apply,-

(a) so far as may be, in relation to Union territory tax as they apply in relation to central tax as if they were enacted under this Act;

(b) subject to the following modifications and alterations which the Central Government considers necessary and desirable to adapt those provisions to the circumstances, namely:-

(i) references to ”this Act” shall be deemed to be references to ”the Union Territory Goods and Services Tax Act, 2017”;

(ii) references to ”Commissioner” shall be deemed to be references to ”Commissioner” of Union territory tax as defined in clause (2) of section 2 of this Act;

(iii) references to ”officers of central tax” shall be deemed to be references to ”officers of Union territory tax”;

(iv) references to ”central tax” shall be deemed to be references to ”Union territory tax” and vice versa;

(v) references to ”Commissioner of State tax or Commissioner of Union territory tax” shall be deemed to be references to ”Commissioner of central tax”;

(vi) references to ”State Goods and Services Tax Act or Union Territory Goods and Services Tax Act” shall be deemed to be references to ”Central Goods and Services Tax Act”;

(vii) references to ”State tax or Union territory tax” shall be deemed to be references to ”central tax”.

Web Stories: Notification No. 11/2020 – Central Tax: Seeks to provide special procedure for corporate debtors undergoing the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016.

Download Pdf: https://ta x information.cbic.gov.in/