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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
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
Section 19 of CGST Act: Taking ITC in respect of inputs and capital goods sent for job work (Updated till on July 2024)
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 18 of CGST Act: Availability of credit in special circumstances (Updated till on July 2024)
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
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 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 ComplianceAmended Section 10 of the CGST Act: Composition Levy (Updated till on July 2024)
What is composition levy for small taxpayers in GST covered by section 10 of the CGST Act? Composition levy is a scheme for small taxpayers. They can opt for this scheme to reduce their compliance. A composition taxpayer is required to file only 4 returns
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
Short title, extent and commencement: Section 1 of the CGST Act (Updated till July 2024)
Short title, extent, and commencement: section 1 of the CGST Act as amended by the Finance Act 2023 Note: section 1 of the CGST Act is amended by the CGST Finance Act 2023. TEXT of Section: (1) This Act may be called the Central Goods
GST ComplianceSection 4 : Appointment of Officers (Updated till July 2024)
Section 4 of the CGST Act as amended by the Finance Act 2023 Note: Section 4 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 3 : Officers under this Act. ( Updated till July 2024 )
Section 3 of the CGST Act as amended by the Finance Act 2023 Note: Section 3 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
Analysis of 16 CBIC circulars providing the biggest relief to the taxpayer
1. Analysis of Circular no. 01 dated 27 June 2024 – Reduction of Government Litigation – fixing monetary limits for filing appeals or applications by the Department before GSTAT, High Courts and Supreme Court The Circular No. 207/1/2024, issued by the Ministry of Finance on
CA Shafaly GirdharwalJun 27, 2024