Daily Archives: August 14, 2017

GST Cash Invoice Limit

GST Cash Invoice Limit No Limit for GST Cash Invoice There is no limit prescribed for Issue of Cash Invoice under GST Act . Thus Tax Invoice / Bill of supply can be issued under GST for any Value but one has to keep in mind the Provisions of Income Tax Act of India. Cash… Read More »

Category: GST

Section 49 Gujarat GST Act 2017 : Payment of tax, interest, penalty and other amounts

Section 49 Gujarat GST Act 2017 ( Section 49 Gujarat GST Act 2017 explains Payment of tax, interest, penalty and other amounts and is covered in CHAPTER X PAYMENT OF TAX ) Payment of tax, interest, penalty and other amounts 49. (1) Every deposit made towards tax, interest, penalty, fee or any other amount by a person by internet banking or by… Read More »

Section 48 Gujarat GST Act 2017 : Goods and services tax practioners

Section 48 Gujarat GST Act 2017 ( Section 48 Gujarat GST Act 2017 explains Goods and services tax practioners and is covered in CHAPTER IX RETURNS   ) Goods and services tax practioners 48. (1) The manner of approval of goods and services tax practitioners, their eligibility conditions, duties and obligations, manner of removal and other conditions relevant for their functioning shall… Read More »

Section 45 Gujarat GST Act 2017 : Final return

Section 45 Gujarat GST Act 2017 ( Section 45 Gujarat GST Act 2017 explains Final return and is covered in CHAPTER IX RETURNS   ) Final return 45. Every registered person who is required to furnish a return under sub-section (1) of section 39 and whose registration has been cancelled shall furnish a final return within three months of the date of… Read More »

Section 44 Gujarat GST Act 2017 : Annual return

Section 44 Gujarat GST Act 2017 ( Section 44 Gujarat GST Act 2017 explains Annual return and is covered in CHAPTER IX RETURNS   ) Annual return 44. (1) Every registered person, other than an Input Service Distributor, a person paying tax under section 51 or section 52, a casual taxable person and a non-resident taxable person, shall furnish an annual return… Read More »

Section 43 Gujarat GST Act 2017 : Matching, reversal and reclaim of reduction in output tax liability

Section 43 Gujarat GST Act 2017 ( Section 43 Gujarat GST Act 2017 explains  Matching, reversal and reclaim of reduction in output tax liability  and is covered in CHAPTER IX RETURNS   )   Matching, reversal and reclaim of reduction in output tax liability 43. (1) The details of every credit note relating to outward supply furnished by a registered person (hereafter in… Read More »

Section 42 Gujarat GST Act 2017 : Matching reversal and reclaim of input tax credit

Section 42 Gujarat GST Act 2017 ( Section 42 Gujarat GST Act 2017 explains Matching reversal and reclaim of input tax credit  and is covered in CHAPTER IX RETURNS   ) Matching reversal and reclaim of input tax credit 42. (1) The details of every inward supply furnished by a registered person (hereafter in this section referred to as the “recipient”) for… Read More »

Section 41 Gujarat GST Act 2017 : Claim of input tax credit and provisional acceptance thereof

Section 41 Gujarat GST Act 2017 ( Section 41 Gujarat GST Act 2017 explains Claim of input tax credit and provisional acceptance thereof  and is covered in CHAPTER IX RETURNS   ) Claim of input tax credit and provisional acceptance thereof 41. (1) Every registered person shall, subject to such conditions and restrictions as may be prescribed, be entitled to take the… Read More »

Section 40 Gujarat GST Act 2017 : First Return

Section 40 Gujarat GST Act 2017 ( Section 40 Gujarat GST Act 2017 explains First Return and is covered in CHAPTER IX RETURNS   ) First Return 40. Every registered person who has made outward supplies in the period between the date on which he became liable to registration till the date on which registration has been granted shall declare the same… Read More »

Section 38 Gujarat GST Act 2017 : Furnishing details of inward supplies

Section 38 Gujarat GST Act 2017 ( Section 38 Gujarat GST Act 2017 explains Furnishing details of inward supplies and is covered in CHAPTER IX RETURNS   ) Furnishing details of inward supplies 38. (1) Every registered person, other than an Input Service Distributor or a non-resident taxable person or a person paying tax under the provisions of section 10 or section… Read More »

Section 37 Gujarat GST Act 2017 : Furnishing details of outward supplies

Section 37 Gujarat GST Act 2017 ( Section 37 Gujarat GST Act 2017 explains Furnishing details of outward supplies and is covered in CHAPTER IX RETURNS   ) Furnishing details of outward supplies 37. (1) Every registered person, other than an Input Service Distributor, a non-resident taxable person and a person paying tax under the provisions of section 10 or section 51… Read More »

Section 33 Gujarat GST Act 2017 : Amount of tax to be indicated in tax invoice and other documents

Section 33 Gujarat GST Act 2017 ( Section 33 Gujarat GST Act 2017 explains Amount of tax to be indicated in tax invoice and other documents  and is covered in CHAPTER VII TAX INVOICE, CREDIT AND DEBIT NOTES ) Amount of tax to be indicated in tax invoice and other documents 33. Notwithstanding anything contained in this Act or any… Read More »

Section 31 Gujarat GST Act 2017 : Tax invoice

Section 31 Gujarat GST Act 2017 ( Section 31 Gujarat GST Act 2017 explains Tax invoice  and is covered in CHAPTER VII TAX INVOICE, CREDIT AND DEBIT NOTES ) Tax invoice 31. (1) A registered person supplying taxable goods shall, before or at the time of,— (a) removal of goods for supply to the recipient, where the supply involves movement… Read More »

Section 30 Gujarat GST Act 2017 : Revocation of cancellation of registration

Section 30 Gujarat GST Act 2017 ( Section 30 Gujarat GST Act 2017 explains Revocation of cancellation of registration and is covered in CHAPTER VI REGISTRATION ) Revocation of cancellation of registration 30. (1) Subject to such conditions as may be prescribed, any registered person, whose registration is cancelled by the proper officer on his own motion, may apply to such… Read More »

Section 27 Gujarat GST Act 2017 : Special provisions relating to casual taxable person and nonresident taxable person

Section 27 Gujarat GST Act 2017 ( Section 27 Gujarat GST Act 2017 explains Special provisions relating to casual taxable person and nonresident taxable person and is covered in CHAPTER VI REGISTRATION ) Special provisions relating to casual taxable person and nonresident taxable person 27. (1) The certificate of registration issued to a casual taxable person or a non resident taxable… Read More »

Section 26 Gujarat GST Act 2017 : Deemed registration

Section 26 Gujarat GST Act 2017 ( Section 26 Gujarat GST Act 2017 explains Deemed registration and is covered in CHAPTER VI REGISTRATION ) Deemed registration 26. (1) The grant of registration or the Unique Identity Number under the Central Goods and Services Tax Act shall be deemed to be a grant of registration or the Unique Identity Number under this Act subject… Read More »

Section 24 Gujarat GST Act 2017 : Compulsory registration in certain cases

Section 24 Gujarat GST Act 2017 ( Section 24 Gujarat GST Act 2017 explains Compulsory registration in certain cases and is covered in CHAPTER VI REGISTRATION ) Compulsory registration in certain cases 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… Read More »

Section 23 Gujarat GST Act 2017 : Persons not liable for registration

Section 23 Gujarat GST Act 2017 ( Section 23 Gujarat GST Act 2017 explains Persons not liable for registration and is covered in CHAPTER VI REGISTRATION ) Persons not liable for registration 23. (1) The following persons shall not be liable to registration, namely:— (a) any person engaged exclusively in the business of supplying goods or services or both that are… Read More »

Section 21 Gujarat GST Act 2017 : Manner of recovery of credit distributed in excess

Section 21 Gujarat GST Act 2017 ( Section 21 Gujarat GST Act 2017 explains Manner of recovery of credit distributed in excess and is covered in CHAPTER V INPUT TAX CREDIT  ) Manner of recovery of credit distributed in excess 21. Where the Input Service Distributor distributes the credit in contravention of the provisions contained in section 20 resulting in excess… Read More »

Section 20 Gujarat GST Act 2017 : Manner of distribution of credit by Input Service Distributor

Section 20 Gujarat GST Act 2017 ( Section 20 Gujarat GST Act 2017 explains Manner of distribution of credit by Input Service Distributor and is covered in CHAPTER V INPUT TAX CREDIT  ) Manner of distribution of credit by Input Service Distributor 20. (1) The Input Service Distributor shall distribute the credit of State tax as State tax or integrated tax… Read More »

Section 19 Gujarat GST Act 2017 : Taking input tax credit in respect of inputs and capital goods sent for job work

Section 19 Gujarat GST Act 2017 ( Section 19 Gujarat GST Act 2017 explains Taking input tax credit in respect of inputs and capital goods sent for job work  and is covered in CHAPTER V INPUT TAX CREDIT  ) Taking input tax credit in respect of inputs and capital goods sent for job work 19. (1) The principal shall, subject to… Read More »

Section 18 Gujarat GST Act 2017 : Availability of credit in special circumstances

Section 18 Gujarat GST Act 2017 ( Section 18 Gujarat GST Act 2017 explains Availability of credit in special circumstances  and is covered in CHAPTER V INPUT TAX CREDIT  ) Availability of credit in special circumstances 18. (1) Subject to such conditions and restrictions as may be prescribed- (a) a person who has applied for registration under this Act within thirty… Read More »

Section 16 Gujarat GST Act 2017 : Eligibility and conditions for taking input tax credit

Section 16 Gujarat GST Act 2017 ( Section 16 Gujarat GST Act 2017 explains Eligibility and conditions for taking input tax credit  and is covered in CHAPTER V INPUT TAX CREDIT  ) Eligibility and conditions for taking input tax credit 16. (1) Every registered person shall, subject to such conditions and restrictions as may be prescribed and in the manner specified… Read More »

Section 10 Gujarat GST Act 2017 : Composition Levy

Section 10 Gujarat GST Act 2017 ( Section 10 Gujarat GST Act 2017 explains Composition Levy and is covered in CHAPTER III LEVY AND COLLECTION OF TAX ) Composition Levy 10. (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… Read More »

Section 6 Gujarat GST Act 2017 : Authorisation of officers of central tax as proper officer in certain circumstances

Section 6 Gujarat GST Act 2017 ( Section 6 Gujarat GST Act 2017 explains Authorisation of officers of central tax as proper officer in certain circumstances and is covered in CHAPTER II ADMINISTRATION ) Authorisation of officers of central tax as proper officer in certain circumstances 6. (1) Without prejudice to the provisions of this Act, the officers appointed under the… Read More »