Daily Archives: March 12, 2017

20 Taking input tax credit in respect of inputs sent for job work – Revised Model GST Law ( Nov 2016)

By | March 12, 2017

Revised Model GST Law ( Nov 2016) Taking input tax credit in respect of inputs sent for job work (1) The “principal” referred to in section 55 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… Read More »

18 Availability of credit in special circumstances – Revised Model GST Law ( Nov 2016)

By | March 12, 2017

Revised Model GST Law ( Nov 2016) Availability of credit in special circumstances (1) A person who has applied for registration under the Act within thirty days from the date on which he becomes liable to registration and has been granted such registration shall, subject to such conditions and restrictions as may be prescribed, be… Read More »

17 Apportionment of credit and blocked credits – Revised Model GST Law ( Nov 2016)

By | March 12, 2017

Revised Model GST Law ( Nov 2016) Apportionment of credit and blocked credits  (1) Where the goods and/or services are used by the registered taxable 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 attributable… Read More »

16 Eligibility and conditions for taking input tax credit -Revised Model GST Law ( Nov 2016)

By | March 12, 2017

  Revised Model GST Law ( Nov 2016) CHAPTER V INPUT TAX CREDIT Eligibility and conditions for taking input tax credit (1) Every registered taxable person shall, subject to such conditions and restrictions as may be prescribed and within the time and manner specified in section 44, be entitled to take credit of input tax… Read More »

14 Change in rate of tax in respect of supply of goods or services -Revised Model GST Law ( Nov 2016)

By | March 12, 2017

Revised Model GST Law ( Nov 2016) Change in rate of tax in respect of supply of goods or services  Notwithstanding anything contained in section 12 or section 13, the time of supply, in cases where there is a change in the rate of tax in respect of goods or services, shall be determined in… Read More »

11 Power to grant exemption from tax – Revised Model GST Law ( Nov 2016)

By | March 12, 2017

Revised Model GST Law ( Nov 2016) Power to grant exemption from tax  (1) If the Central or a State Government is satisfied that it is necessary in the public interest so to do, it may, on the recommendation of the Council, by notification, exempt generally either absolutely or subject to such conditions as may… Read More »

9. Composition Levy – Revised Model GST Law ( Nov 2016)

By | March 12, 2017

Revised Model GST Law ( Nov 2016) Composition Levy  (1) Notwithstanding anything to the contrary contained in the Act but subject to subsection (3) of section 8, on the recommendation of the Council, the proper officer of the Central or a State Government may, subject to such conditions and restrictions as may be prescribed, permit… Read More »

8. Levy and Collection of Central/State Goods and Services Tax -Revised Model GST Law ( Nov 2016)

By | March 12, 2017

Revised Model GST Law ( Nov 2016) CHAPTER III  LEVY OF, AND EXEMPTION FROM, TAX  Levy and Collection of Central/State Goods and Services Tax  (1) There shall be levied a tax called the Central/State Goods and Services Tax (CGST/SGST) on all intra-State supplies of goods and/or services on the value determined under section 15 and… Read More »

7 Powers of SGST/CGST officers under Act -Draft -Revised Model GST Law ( Nov 2016)

By | March 12, 2017

Revised Model GST Law ( Nov 2016) [Powers of SGST/CGST officers under the Act (Draft I)  (1) Notwithstanding anything contained in this Act, the proper officers for the purposes of any one or more sections (……………………….) of the {SGST/CGST Act}, shall be deemed to be the proper officers for the purposes of the corresponding section… Read More »

6.Powers of officers under State Goods and Services Tax Act – Revised Model GST Law ( Nov 2016)

By | March 12, 2017

Revised Model GST Law ( Nov 2016) Powers of officers under the State Goods and Services Tax Act  (1) Subject to such conditions and limitations as the Commissioner may impose, an officer of the State Goods and Services Tax may exercise the powers and discharge the duties conferred or imposed on him under this Act.… Read More »

6 Powers of officers under Central Goods and Services Tax Act -Revised Model GST Law ( Nov 2016)

By | March 12, 2017

Revised Model GST Law ( Nov 2016) Powers of officers under the Central Goods and Services Tax Act  (1) Subject to such conditions and limitations as the Board may impose, an officer of the Central Goods and Services Tax may exercise the powers and discharge the duties conferred or imposed on him under this Act.… Read More »

5 Appointment of officers under State Goods and Services Tax Act -Revised Model GST Law ( Nov 2016)

By | March 12, 2017

Revised Model GST Law ( Nov 2016) 5 Appointment of officers under the State Goods and Services Tax Act  (1) The Government may appoint such persons as it may think fit to be officers under the State Goods and Services Tax Act: PROVIDED that the persons appointed as officers under the Central Goods and Services… Read More »

5. Appointment of officers under Central Goods and Services Tax Act -Revised Model GST Law ( Nov 2016)

By | March 12, 2017

Revised Model GST Law ( Nov 2016) Appointment of officers under the Central Goods and Services Tax Act  (1) The Board may appoint such persons as it may think fit to be officers under the Central Goods and Services Tax Act. PROVIDED that the persons appointed as officers under the State Goods and Services Tax… Read More »

4. Classes of officers under State Goods and Services Tax Act -Revised Model GST Law

By | March 12, 2017

Revised Model GST Law ( Nov 2016) CHAPTER II  Classes of officers under the State Goods and Services Tax Act  (1) There shall be the following classes of officers and persons under the State Goods and Services Tax Act namely. (a) [Principal/Chief] Commissioner of SGST, (b) Special Commissioners of SGST, (c) Additional Commissioners of SGST,… Read More »

4.Classes of officers under Central Goods and Services Tax Act – Revised Model GST Law ( Nov 2016)

By | March 12, 2017

Revised Model GST Law ( Nov 2016) CHAPTER II  ADMINISTRATION  Classes of officers under the Central Goods and Services Tax Act  (1) There shall be the following classes of officers under the Central Goods and Services Tax Act, namely; (a) Principal Chief Commissioners of CGST or Principal Directors General of CGST, (b) Chief Commissioners of… Read More »

3. Meaning and scope of supply -Revised Model GST Law ( Nov 2016)

By | March 12, 2017

Revised Model GST Law ( Nov 2016) Meaning and scope of supply (1) Supply includes— (a) all forms of supply of goods and/or services such as sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business, (b)… Read More »

Govt Draft to Amend Inter-State Migrant Workmen Rules 1980 / Unified Annual Return

By | March 12, 2017

Summary Every contractor shall upload a Unified Annual Return, in the Form XXIII specified in these rules, on the web portal on the Ministry of Labour and Employment on or before the 1st day of February following the close of the year to which it relates. Every principal employer shall also file a Unified Annual… Read More »

2. Definitions -Revised Model GST Law ( Nov 2016)

By | March 12, 2017

  Revised Model GST Law ( Nov 2016) Definitions  In this Act, unless the context otherwise requires,- (1) “actionable claim” shall have the meaning assigned to it in section 3 of the Transfer of Property Act, 1882 (4 of 1882); (2) “address of delivery” means the address of the recipient of goods and/or services indicated… Read More »

Revised Model GST Law ( Nov 2016) India -Section wise- Chapter wise

By | March 12, 2017

Revised Model GST Law ( Nov 2016) of India CHAPTER I PRELIMINARY Short title, extent and commencement Definitions Meaning and scope of supply CHAPTER II ADMINISTRATION  Classes of officers under the Central Goods and Services Tax Act Classes of officers under the State Goods and Services Tax Appointment of officers under the Central Goods and… Read More »