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GST ComplianceSection 13 of CGST Act:Time of supply of services (Updated till July 2024)
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 (Updated till on July 2024)
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
GST ComplianceSection 15 of the CGST Act: Value of Taxable Supply (Updated till on July 2024)
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
GST ComplianceSection 22 of CGST Act: Registration in GST (updated till on July 2024)
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
GST ComplianceSection 21 of CGST Act: recovery of excess credit (updated till on July 2024)
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:Composite & mixed supply updated till July 2024
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
GST ComplianceSection 11 of CGST Act:Power to grant exemption (updated till on July 2024)
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
GST ComplianceSection 12 of CGST Act:Time of supply of goods (updated till July 2024)
Section 12 of the CGST Act Section 12 of the CGST Act provides for the time of supply for goods. Text on the Section: (1) The liability to pay tax on goods shall arise at the time of supply, as determined in accordance with the provisions
Section 14 of CGST Act: Change in rate of tax in respect of supply of goods or services (Updated till July 2024)
Section 14 of CGST Act : Change in rate of tax in respect of supply of goods or services Text of the Section 14 of CGST Act : Notwithstanding anything contained in section 12 or section 13, the time of supply, where there is a
GST ComplianceScope of supply : section 7 of the CGST Act (updated till on July 2024)
Scope of supply: section 7 of the CGST Act as amended by the Finance Act 2023 Note: The Scope of supply: section 7 of the CGST Act is amended retrospectively by Finance Act 2023 with retrospective effect from 1st July 2017. The amended portion is
GST ComplianceSection 5 : Powers of officers under GST (Updated till July 2024)
Section 5 of the CGST Act as amended by the Finance Act 2023 Note: Section 5 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
GST ComplianceSection 6: Authorisation of officers of State tax or Union territory tax as proper officer in certain circumstances(updated till July 2024)
Section 6 of the CGST Act as amended by the Finance Act 2023 Note: Section 6 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