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Section 26 – Deemed registration of CGST ACT, 2017 26. (1) The grant of registration or the Unique Identity Number under the State Goods and Services Tax Act or the Union Territory Goods and Services Tax Act shall be deemed to be a grant of registration or the Unique Identity Number under this Act subject … Continue reading “Section 26 – Deemed registration of CGST ACT, 2017”
Section 25 – Procedure for registration of CGST ACT, 2017 25. (1) Every person who is liable to be registered under section 22 or section 24 shall apply for registration in every such State or Union territory in which he is so liable within thirty days from the date on which he becomes liable to … Continue reading “Section 25 – Procedure for registration of CGST ACT, 2017”
Section 24 – Compulsory registration in certain cases of CGST ACT, 2017 24. Notwithstanding anything contained in sub-section (1) of section 22, the following categories of persons shall be required to be registered under this Act,–– (i) persons making any inter-State taxable supply; (ii) casual taxable persons making taxable supply; (iii) … Continue reading “Section 24 – Compulsory registration in certain cases of CGST ACT, 2017”
Section 21 – Manner of recovery of credit distributed in excess of CGST ACT, 2017 Where the Input Service Distributor distributes the credit in contravention of the provisions contained in section 20 resulting in excess distribution of credit to one or more recipients of credit, the excess credit so distributed shall be recovered from such … Continue reading “Section 21 – Manner of recovery of credit distributed in excess of CGST ACT, 2017”
Section 20 – Manner of distribution of credit by Input Service Distributor of CGST ACT, 2017 (1) The Input Service Distributor shall distribute the credit of central tax as central tax or integrated tax and integrated tax as integrated tax or central tax, by way of issue of a document containing the amount of input … Continue reading “Section 20 – Manner of distribution of credit by Input Service Distributor of CGST ACT, 2017”
Section 19 – Taking input tax credit in respect of inputs and capital goods sent for job work of CGST ACT, 2017 (1) The principal shall, subject to such conditions and restrictions as may be prescribed, be allowed input tax credit on inputs sent to a job worker for job work. (2) Notwithstanding anything contained … Continue reading “Section 19 – Taking input tax credit in respect of inputs and capital goods sent for job work of CGST ACT, 2017”
Section 18 – Availability of credit in special circumstances of CGST ACT, 2017 (1) Subject to such conditions and restrictions as may be prescribed— (a) a person who has applied for registration under this Act within thirty days from the date on which he becomes liable to registration and has been granted suchregistration shall be … Continue reading “Section 18 – Availability of credit in special circumstances of CGST ACT, 2017”
Section 17 – Apportionment of credit and blocked credits of CGST ACT, 2017 (1) Where the goods or services or both are used by the registered person partly for the purpose of any business and partly for other purposes, the amount of credit shall be restricted to so much of the input tax as is … Continue reading “Section 17 – Apportionment of credit and blocked credits of CGST ACT, 2017”
Section 16 – Eligibility and conditions for taking input tax credit of CGST ACT, 2017 (1) Every registered person shall, subject to such conditions and restrictions as may be prescribed and in the manner specified in section 49, be entitled to take credit of input tax charged on any supply of goods or services or … Continue reading “Section 16 – Eligibility and conditions for taking input tax credit of CGST ACT, 2017”
Section 15 – Value of taxable supply of CGST ACT, 2017 (1) The value of a supply of goods or services or both shall be the transaction value, which is the price actually paid or payable for the said supply of goods or services or both where the supplier and the recipient of the supply … Continue reading “Section 15 – Value of taxable supply of CGST ACT, 2017”