Expert Knowledge,
Straight from Practitioners.
Tax tips, legal guides, and financial advice written by the same verified CAs, Advocates, and Advisors you can consult on ConsultEase.
Section 72 of CGST Act: Officers to Assist Proper Officers (Updated till on July 2024)
Section 72 of CGST Act : Officers to assist proper officers Section 72 of CGST Act provide for the officers to assist the GST proper officer. “(1) All officers of Police, Railways, Customs, and those officers engaged in the collection of land revenue, including village
Section 71 of CGST Act: Access to Business Premises (Updated till on July 2024)
Section 71 of CGST Act : Access to business premises Section 71 of CGST Act provide for the access to the business premises. GST officers will need to access the business premises to conduct various proceedings like scrutiny, audit, verification etc. “(1) Any officer under
Section 65 of CGST Act: Audit by Tax Authorities (Updated till on July 2024)
Section 65 of CGST Act : Audit by Tax Authorities Section 65 of CGST Act provide for the audit by the tax authorities. Audit rules are also released by CBEC. These rules have procedure and prescribed forms for Audit. “(1) The Commissioner or any officer
Section 63 of CGST Act: Assessment of Unregistered Persons (Updated till on July 2024)
Section 63 of CGST Act : Assessment of Unregistered Persons Section 63 of CGST Act provide for the assessment of unregistered person in GST. “Notwithstanding anything to the contrary contained in section 73 or section 74, where a taxable person fails to obtain registration even
Section 64 of CGST Act: Summary Assessment in Certain Special Cases (Updated till July 2024)
Section 64 of CGST Act : Summary assessment in certain special cases Section 64 of CGST Act provide for the summary assessment. “(1) The proper officer may, on any evidence showing a tax liability of a person coming to his notice, with the previous permission
Section 62 of CGST Act: Assessment of non-filers of returns (Updated till on July 2024)
Section 62 of CGST Act : Section 62 of CGST Act provide for the assessment of non- filers of return. “(1) Notwithstanding anything to the contrary contained in section 73 or section 74, where a registered person fails to furnish the return under section 39
Section 61 of CGST Act: Scrutiny of returns (updated till on July 2024)
Section 61 of CGST Act: Scrutiny of returns Section 61 of CGST Act provide for the scrutiny of returns.Proper officer is given power to scrutinize the returns with the data provided to verify their correctness. “(1) The proper officer may scrutinize the return and related
GST ComplianceSection 50 of CGST Act: Interest on delayed payment of tax (updated Till on July 2024)
Section 50 of CGST Act of the CGST Act as amended by the Finance Act 2023 Note: Section 50 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
Section 60 of CGST Act: Provisional assessment (updated till July 2024)
Section 60 of CGST Act Section 60 of CGST Act provide for the provisional assessment in GST. Rules for assessment are also issued by CBEC. “(1) Subject to the provisions of sub-section (2), where the taxable person is unable to determine the value of goods or
Section 59 of CGST Act: Self Assesment (updated till July 2024)
Section 59 of CGST Act as self Assesment upto oct 2023 Section 59 of CGST Act provide for the self assessment in GST “Every registered person shall self assess the taxes payable under this Act and furnish a return for each tax period as specified
Section 58 of CGST Act: Utilization of funds (updated till July 2024)
Section 58 of CGST Act as utilization of funds upto oct 2023 Section 58 of CGST Act provide for the utilization of funds. Amount of refund in GST will be transferred to this fund unless the taxpayer is eligible to it. “(1) All sums credited
GST ComplianceSection 47 of CGST Act: Levy of late fees (updated till on July 2024)
Section 47 of CGST Act of the CGST Act as amended by the Finance Act 2023 Note: Section 47 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