Legal & Financial Consultants
Section 13 – Time of supply of services of CGST ACT, 2017 (1) The liability to pay tax on services shall arise at the time of supply, as determined in accordance with the provisions of this section. (2) The time of supply of services shall be the earliest of the following dates, namely:— (a) … Continue reading “Section 13 – Time of supply of services of CGST ACT, 2017 ”
Section 12 – Time of supply of goods of CGST ACT, 2017 (1) The liability to pay tax on goods shall arise at the time of supply, as determined in accordance with the provisions of this section. (2) The time of supply of goods shall be the earlier of the following dates, namely:— (a) the … Continue reading “Section 12 – Time of supply of goods of CGST ACT, 2017”
C 11. (1) Where the Government is satisfied that it is necessary in the public interest so to do, it may, on the recommendations of the Council, by notification, exempt generally, either absolutely or subject to such conditions as may be specified therein, goods or services or both of any specified description from the whole … Continue reading “Section 11 – Power to grant exemption from tax of CGST ACT 2017”
Section 10 – Composition levy of CGST ACT, 2017 (1) Notwithstanding anything to the contrary contained in this Act but subject to the provisions of sub-sections (3) and (4) of section 9, a registered person, whose aggregate turnover in the preceding financial year did not exceed seventy five lakh rupees, may opt to pay, in … Continue reading “Section 10 – Composition levy of CGST ACT, 2017”
Section 9 Levy and collection of CGST ACT, 2017 (1) Subject to the provisions of sub-section (2), there shall be levied a tax called the central goods and services tax on all intra-State supplies of goods or services or both, except on the supply of alcoholic liquor for human consumption, on the value determined under … Continue reading “Section 9 Levy and collection of CGST ACT, 2017”
Section 8 – Tax liability on composite and mixed supplies of CGST ACT, 2017 The tax liability on a composite or a mixed supply shall be determined in the following manner, namely:— (a) a composite supply comprising two or more supplies, one of which is a principal supply, shall be treated as a supply of … Continue reading “Section 8 – Tax liability on composite and mixed supplies of CGST ACT, 2017”
Section 6 – Authorisation of officers of State tax or Union territory tax as proper officer in certain circumstances of CGST ACT, 2017 Section 6 – Authorisation of officers of State tax or Union territory tax as proper officer in certain circumstances of CGST ACT, 2017 (1) Without prejudice to the provisions … Continue reading “Section 6 – Authorisation of officers of State tax or Union territory tax as proper officer in certain circumstances of CGST ACT, 2017”
Section 3 – Officers under this Act of CGST ACT, 2017 The Government shall, by notification, appoint the following classes of officers for the purposes of this Act, namely:–– (a) Principal Chief Commissioners of Central Tax or Principal Directors General of Central Tax, (b) Chief Commissioners of Central Tax or Directors General of Central Tax, … Continue reading “Section 3 – Officers under this Act of CGST ACT, 2017”
5. (1) Subject to such conditions and limitations as the Board may impose, an officer of central tax may exercise the powers and discharge the duties conferred or imposed on him under this Act. (2) An officer of central tax may exercise the powers and discharge the duties conferred or imposed under this Act on … Continue reading “Section 5 – Powers of officers of CGST ACT, 2017”
7. (1) For the purposes of this Act, the expression “supply” includes–– (a) all forms of supply of goods or services or both such as sale, transfer, barter, exchange, licence, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business; (b) import … Continue reading “Section 7 – Scope of supply of CGST ACT, 2017”