Section 18 of CGST Act : Availability of credit in special circumstances Summary chart of section 18 of CGST Act : (1) Subject to such conditions and restrictions as may be prescribed— (a) a person who has applied for registration under this Act
Section 17 of CGST Act Section 17 of CGST Act provide for the apportioned credits and blocked credits. The manner of apportionment is given in ITC Rules. (1) Where the goods or services or both are used by the registered person partly for the purpose
Section 19 of CGST Act Section 19 of CGST Act contains the provisions for ITC in respect of inputs and capital goods sent for job work. Summary chart of section 19 of CGST Act : “(1) The principal shall, subject to such conditions and
Section 13 of the CGST Act as amended by the Finance Act 2023 Note: Section 13 of the CGST Act is amended retrospectively by Finance Act 2023 with retrospective effect from 1st July 2017. The amended portion is depicted with a different color. Text on
Section 16 of the CGST Act: Eligibility and conditions for taking input tax credit Section 16 of the CGST Act provides for the basic eligibility of ITC. Some conditions are laid down in the section. It is divided into four subsections. Section 16(1) provides for
Section 15 of the CGST Act : Section 15 of the CGST Act provides for the valuation in GST. Although the transaction value is value in most of the cases. There are some exceptions also. It provides for the treatment of discounts and subsidy. When a
Section 22 of the CGST Act as amended by the Finance Act 2023 Note: Section 22 of the CGST Act is amended retrospectively by Finance Act 2023 with retrospective effect from 1st July 2017. The amended portion is depicted with a different color. Text On
Section 21 of CGST Act Section 21 of CGST Act provide for recovery of excess credit by an ISD. An ISD has been allowed to distribute the credit he has received. The manner of distribution of such credit is provided in section 20 of CGST
Section 8 of CGST Act: What it contains Composite and mixed supply have different treatments. Section 8 of CGST Act provides for that treatment. Supply in the CGST Act includes all the permutation and combinations of supply of goods and services. Section 8 of the CGST Act
Section 11 of the CGST Act as amended by the Finance Act 2023 Note: Section 11 of the CGST Act is amended retrospectively by Finance Act 2023 with retrospective effect from 1st July 2017. The amended portion is depicted with a different color. Text on
