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
Section 49B of CGST Act: Order of utilisation of input tax credit. Notwithstanding anything contained in this Chapter and subject to the provisions of clause (e) and clause (f) of sub section (5) of section 49, the Government may, on the recommendations of the Council,
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 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 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 49A of CSGT Act: Utilisation of input tax credit subject to certain conditions Chart of the Section 49A : TEXT on the Section 49A of CGST Act : Notwithstanding anything contained in section 49, the input tax credit on account of central tax,
Section 38. Communication of details of inward supplies and input tax credit as amended by the Finance Act 2023 (1) The details of outward supplies furnished by the registered persons under sub-section (1) of section 37 and of such other supplies as may be prescribed,
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
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
Section 49 of CGST Act : Summary chart of section 49 of CGST Act : Section 49 of CGST Act provide for the payment of interest, tax and penalty in GST : “(1) Every deposit made towards tax, interest, penalty, fee or any other amount
