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Section 46 – Notice to return defaulters of CGST ACT, 2017 46. Where a registered person fails to furnish a return under section 39 or section 44 or section 45, a notice shall be issued requiring him to furnish such return within fifteen days in such form and manner as may be prescribed.

Section 45 – Final return of CGST ACT, 2017 45. Every registered person who is required to furnish a return under sub-section (1) of section 39 and whose registration has been cancelled shall furnish a final return within three months of the date of cancellation or date of order of cancellation, whichever is later, in … Continue reading “Section 45 – Final return of CGST ACT, 2017”

Section 44 – Annual return of CGST ACT, 2017 44. (1) Every registered person, other than an Input Service Distributor, a person paying tax under section 51 or section 52, a casual taxable person and a non-resident taxable person, shall furnish an annual return for every financial year electronically in such form and manner as … Continue reading “Section 44 – Annual return of CGST ACT, 2017”

Section 43 – Matching, reversal and reclaim of reduction in output tax liability of CGST ACT, 2017 43. (1) The details of every credit note relating to outward supply furnished by a registered person (hereafter in this section referred to as the “supplier”) for a tax period shall, in such manner and within such time … Continue reading “Section 43 – Matching, reversal and reclaim of reduction in output tax liability of CGST ACT, 2017”

Section 42 – Matching, reversal and reclaim of input tax credit of CGST ACT, 2017 42. (1) The details of every inward supply furnished by a registered person (hereafter in this section referred to as the “recipient”) for a tax period shall, in such manner and within such time as may be prescribed, be matched–– … Continue reading “Section 42 – Matching, reversal and reclaim of input tax credit of CGST ACT, 2017”

Section 41 – Claim of input tax credit and provisional acceptance thereof of CGST ACT, 2017 41. (1) Every registered person shall, subject to such conditions and restrictions as may be prescribed, be entitled to take the credit of eligible input tax, as self-assessed, in his return and such amount shall be credited on a … Continue reading “Section 41 – Claim of input tax credit and provisional acceptance thereof of CGST ACT, 2017”

Section 40 – First return of CGST ACT, 2017 40. Every registered person who has made outward supplies in the period between the date on which he became liable to registration till the date on which registration has been granted shall declare the same in the first return furnished by him after grant of registration.

Section 39 – Furnishing of returns of CGST ACT, 2017 39. (1) Every registered person, other than an Input Service Distributor or a non-resident taxable person or a person paying tax under the provisions of section 10 or section 51 or section 52 shall, for every calendar month or part thereof, furnish, in such form … Continue reading “Section 39 – Furnishing of returns of CGST ACT, 2017”

Section 38 – Furnishing details of inward supplies of CGST ACT, 2017 38. (1) Every registered person, other than an Input Service Distributor or a non-resident taxable person or a person paying tax under the provisions of section 10 or section 51 or section 52, shall verify, validate, modify or delete, if required, the details … Continue reading “Section 38 – Furnishing details of inward supplies of CGST ACT, 2017”

Section 37 – Furnishing details of outward supplies of CGST ACT, 2017 37. (1) Every registered person, other than an Input Service Distributor, a non-resident taxable person and a person paying tax under the provisions of section 10 or section 51 or section 52, shall furnish, electronically, in such form and manner as may be … Continue reading “Section 37 – Furnishing details of outward supplies of CGST ACT, 2017”