Expert Knowledge, Straight from Practitioners.

CGST Rule 57: Generation and maintenance of electronic records

CGST Rule 57: Generation and maintenance of electronic records (1) Proper electronic back-up of records shall be maintained and preserved in such manner that, in the event of destruction of such records due to accidents or natural causes, the information can be restored within a

CGST Rule 45: Conditions and restrictions of inputs and capital goods sent to the job worker

CGST Rule 45: Conditions and restrictions in respect of inputs and capital goods sent to the job worker (1) The inputs, semi-finished goods or capital goods shall be sent to the job worker under the cover of a challan issued by the principal, including where

CGST Rule 44A: Manner of reversal of credit of Additional duty of Customs in respect of Gold dore bar

“44A. Manner of reversal of credit of Additional duty of Customs in respect of Gold dore bar.- The credit of Central tax in the electronic credit ledger taken in terms of the provisions of section 140 relating to the CENVAT Credit carried forward which had

CGST Rule 44: Manner of reversal of credit under special circumstances

CGST Rule 44: Manner of reversal of credit under special circumstances Manner of reversal of credit under special circumstances.- (1) The amount of input tax credit relating to inputs held in stock, inputs contained in semi-finished and finished goods held in stock, and capital goods held

CGST Rule 34: Rate of exchange of currency value

CGST Rule 34:Rate of exchange of currency, other than Indian rupees, for determination of value Rate of exchange of currency, other than Indian rupees, for determination of value.- The rate of exchange for the determination of the value of taxable goods or services or both

CGST Rule 42: Manner of determination of input tax credit

CGST Rule 42: Manner of determination of input tax credit in respect of inputs or input services and reversal thereof Manner of determination of input tax credit in respect of inputs or input services and reversal thereof.- (1) The input tax credit in respect of

CGST Rule 41: Transfer of credit on sale, merger, amalgamation, lease or transfer of a business

CGST Rule 41: Transfer of credit on sale, merger, amalgamation, lease or transfer of a business. (1) A registered person shall, in the event of sale, merger, de-merger, amalgamation, lease or transfer or change in the ownership of business for any reason, furnish the details

CGST Rule 25: Physical verification of business premises in certain cases

CGST Rule: 25 :Physical verification of business premises in certain cases.- Where the proper officer is satisfied that the physical verification of the place of business of a registered person is required after the grant of registration, he may get such verification done and the

CGST Rule 29:Value of supply of goods made or received through an agent

CGST Rule 29:Value of supply of goods made or received through an agent Value of supply of goods made or received through an agent.-The value of supply of goods between the principal and his agent shall- (a) be the open market value of the goods

CGST Rule 40:Manner of claiming credit in special circumstances

CGST Rule 40: Manner of claiming credit in special circumstances (1) The input tax credit claimed in accordance with the provisions of sub-section (1) of section 18 on the inputs held in stock or inputs contained in semi-finished or finished goods held in stock, or

CGST Rule 32:Determination of value in respect of certain supplies

CGST Rule 32:Determination of value in respect of certain supplies Determination of value in respect of certain supplies.- (1) Notwithstanding anything contained in the provisions of this Chapter, the value in respect of supplies specified below shall, at the option of the supplier, be determined

CGST Rule 35: Value of supply inclusive of tax

CGST Rule 35: Value of supply inclusive of integrated tax, central tax, State tax, Union territory tax Value of supply inclusive of integrated tax, central tax, State tax, Union territory tax.-Where the value of supply is inclusive of integrated tax or, as the case may be,