Transition in GST :PPT By CA Ashu Dalmia
Transition in GST
Transition in GST is going to start very soon. It is important to understand these provisions before the applicability of Law.Provisions for transition in GST are covers in Chapter XXVII. It contains the 33 sections from section 185 to section 197.
PPT on provisions of transition
Detail analysis of all provisions have been compiled in this PPT
Section wise list of all provisions is given below:
- General provisions
- Migration of existing taxpayers to GST
- Amount of CENVAT credit carried forward in a return to be allowed as input tax credit
- Unavailed cenvat credit on capital goods, not carried forward in a return, to be allowed in certain situations
- Credit of eligible duties and taxes in respect of inputs held in stock to be allowed in certain situations
- Credit of eligible duties and taxes in respect of inputs held in stock to be allowed in certain situations
- Credit of eligible duties and taxes in respect of inputs or input services during transit
- Credit of eligible duties and taxes on inputs held in stock to be allowed to a taxable person switching over from composition scheme
- Exempted goods returned to the place of business on or after the appointed day
- Duty (Tax – in SGST Act) paid goods returned to the place of business on or after the appointed
- Inputs removed for job work and returned on or after the appointed day
- Semi-finished goods removed for job work and returned on or after the appointed day
- Finished goods removed for carrying out certain processes and returned on or after the appointed day
- Issue of supplementary invoices, debit or credit notes where price is revised in pursuance of a contract
- Pending refund claims to be disposed of under earlier law
- Refund claims filed after the appointed day for goods cleared or services provided before the appointed day and exported before or after the appointed day to be disposed of under earlier law 181. Refund claims filed after the appointed day for payments received and tax deposited before the appointed day in respect of services not provided
- Claim of cenvat credit to be disposed of under the earlier law
- Finalization of proceedings relating to output duty or tax liability
- Treatment of the amount recovered or refunded in pursuance of assessment or adjudication proceedings
- Treatment of the amount recovered or refunded pursuant to revision of returns
- Treatment of long term construction / works contracts
- Progressive or periodic supply of goods or services
- Taxability of supply of services in certain cases
- Taxability of supply of goods in certain cases
- Credit distribution of service tax by ISD
- Provision for transfer of unutilized Cenvat Credit by taxable person having centralized registration under the earlier law
- Tax paid on goods lying with agents to be allowed as credit
- Tax paid on capital goods lying with agents to be allowed as credit
- Treatment of branch transfers
- Goods sent on approval basis returned on or after the appointed day
- Deduction of tax source
- Transitional provisions for availing Cenvat credit in certain cases
