Category: Indirect Tax

Section 63 – Assessment of unregistered persons of CGST ACT, 2017 63. Notwithstanding anything to the contrary contained in section 73 or section 74, where a taxable person fails to obtain registration even though liable to do so or whose registration has been cancelled under sub-section (2) of section 29 but who was liable to … Continue reading “Section 63 – Assessment of unregistered persons of CGST ACT, 2017”

Section 62 – Assessment of non-filers of returns of CGST ACT, 2017 62. (1) Notwithstanding anything to the contrary contained in section 73 or section 74, where a registered person fails to furnish the return under section 39 or section 45, even after the service of a notice under section 46, the proper officer may … Continue reading “Section 62 – Assessment of non-filers of returns of CGST ACT, 2017”

Section 61 – Scrutiny of returns of CGST ACT, 2017 61. (1) The proper officer may scrutinize the return and related particulars furnished by the registered person to verify the correctness of the return and inform him of the discrepancies noticed, if any, in such manner as may be prescribed and seek his explanation thereto. … Continue reading “Section 61 – Scrutiny of returns of CGST ACT, 2017”

Section 60 – Provisional assessment of CGST ACT, 2017 60. (1) Subject to the provisions of sub-section (2), where the taxable person is unable to determine the value of goods or services or both or determine the rate of tax applicable thereto, he may request the proper officer in writing giving reasons for payment of … Continue reading “Section 60 – Provisional assessment of CGST ACT, 2017”

Section 59 – Selfassessment. of CGST ACT, 2017 59. Every registered person shall self-assess the taxes payable under this Act and furnish a return for each tax period as specified under section 39.

Section 58 – Utilisation of Fund of CGST ACT, 2017 58. (1) All sums credited to the Fund shall be utilised by the Government for the welfare of the consumers in such manner as may be prescribed. (2) The Government or the authority specified by it shall maintain proper and separate account and other relevant … Continue reading “Section 58 – Utilisation of Fund of CGST ACT, 2017”

Section 57 – Consumer Welfare Fund of CGST ACT, 2017 57. The Government shall constitute a Fund, to be called the Consumer Welfare Fund and there shall be credited to the Fund,— (a) the amount referred to in sub-section (5) of section 54; (b) any income from investment of the amount credited to the Fund; … Continue reading “Section 57 – Consumer Welfare Fund of CGST ACT, 2017”

Section 56 – Interest on delayed refunds of CGST ACT, 2017 56. If any tax ordered to be refunded under sub-section (5) of section 54 to any applicant is not refunded within sixty days from the date of receipt of application under subsection (1) of that section, interest at such rate not exceeding six per … Continue reading “Section 56 – Interest on delayed refunds of CGST ACT, 2017”

Section 55 – Refund in certain cases of CGST ACT, 2017 55. The Government may, on the recommendations of the Council, by notification, specify any specialised agency of the United Nations Organisation or any Multilateral Financial Institution and Organisation notified under the United Nations (Privileges and Immunities) Act, 1947, Consulate or Embassy of foreign countries … Continue reading “Section 55 – Refund in certain cases of CGST ACT, 2017”

Section 54 – Refund of tax of CGST ACT, 2017 54. (1) Any person claiming refund of any tax and interest, if any, paid on such tax or any other amount paid by him, may make an application before the expiry of two years from the relevant date in such form and manner as may … Continue reading “Section 54 – Refund of tax of CGST ACT, 2017”