Category: Indirect Tax

Section 143 – Job work procedure of CGST ACT, 2017 143. (1) A registered person (hereafter in this section referred to as the “principal”) may under intimation and subject to such conditions as may be prescribed, send any inputs or capital goods, without payment of tax, to a job worker for job work and from … Continue reading “Section 143 – Job work procedure of CGST ACT, 2017”

Section 142 – Miscellaneous transitional provisions of CGST ACT, 2017 142. (1) Where any goods on which duty, if any, had been paid under the existing law at the time of removal thereof, not being earlier than six months prior to the appointed day, are returned to any place of business on or after the … Continue reading “Section 142 – Miscellaneous transitional provisions of CGST ACT, 2017”

Section 141 – Transitional provisions relating to job work of CGST ACT, 2017 141. (1) Where any inputs received at a place of business had been removed as such or removed after being partially processed to a job worker for further processing, testing, repair, reconditioning or any other purpose in accordance with the provisions of … Continue reading “Section 141 – Transitional provisions relating to job work of CGST ACT, 2017”

Section 140 – Transitional arrangements for input tax credit of CGST ACT, 2017 140. (1) A registered person, other than a person opting to pay tax under section 10, shall be entitled to take, in his electronic credit ledger, the amount of CENVAT credit carried forward in the return relating to the period ending with … Continue reading “Section 140 – Transitional arrangements for input tax credit of CGST ACT, 2017”

Section 139 – Migration of existing taxpayers of CGST ACT, 2017 139. (1) On and from the appointed day, every person registered under any of the existing laws and having a valid Permanent Account Number shall be issued a certificate of registration on provisional basis, subject to such conditions and in such form and manner … Continue reading “Section 139 – Migration of existing taxpayers of CGST ACT, 2017”

Section 138 – Compounding of offences of CGST ACT, 2017 138. (1) Any offence under this Act may, either before or after the institution of prosecution, be compounded by the Commissioner on payment, by the person accused of the offence, to the Central Government or the State Government, as the case be, of such compounding … Continue reading “Section 138 – Compounding of offences of CGST ACT, 2017”

Section 137 – Offences by companies of CGST ACT, 2017 137. (1) Where an offence committed by a person under this Act is a company, every person who, at the time the offence was committed was in charge of, and was responsible to, the company for the conduct of business of the company, as well … Continue reading “Section 137 – Offences by companies of CGST ACT, 2017”

Section 136 – Relevancy of statements under certain circumstances of CGST ACT, 2017 136. A statement made and signed by a person on appearance in response to any summons issued under section 70 during the course of any inquiry or proceedings under this Act shall be relevant, for the purpose of proving, in any prosecution … Continue reading “Section 136 – Relevancy of statements under certain circumstances of CGST ACT, 2017”

Section 136 – Relevancy of statements under certain circumstances of CGST ACT, 2017 136. A statement made and signed by a person on appearance in response to any summons issued under section 70 during the course of any inquiry or proceedings under this Act shall be relevant, for the purpose of proving, in any prosecution … Continue reading “Section 136 – Relevancy of statements under certain circumstances of CGST ACT, 2017”

Section 135 – Presumption of culpable mental state of CGST ACT, 2017 135. In any prosecution for an offence under this Act which requires a culpable mental state on the part of the accused, the court shall presume the existence of such mental state but it shall be a defence for the accused to prove … Continue reading “Section 135 – Presumption of culpable mental state of CGST ACT, 2017”