Daily Archives: January 31, 2018

Section 67 of Punjab GST Act 2017 : Power of inspection, search and seizure.

By | January 31, 2018

Section 67 of Punjab GST Act 2017 ( Section 67 of Punjab GST Act 2017 explains Power of inspection, search and seizure and is covered in  CHAPTER XIV INSPECTION, SEARCH, SEIZURE AND ARREST )  Power of inspection, search and seizure. 67. (1) Where the proper officer, not below the rank of Joint Commissioner, has reasons to believe that- (a)… Read More »

Section 66 of Punjab GST Act 2017 : Special audit.

By | January 31, 2018

Section 66 of Punjab GST Act 2017 ( Section 66 of Punjab GST Act 2017 explains Special audit and is covered in  CHAPTER XIII AUDIT )  Special audit. 66. (1) If at any stage of scrutiny, inquiry, investigation or any other proceedings before him, any officer not below the rank of Assistant Commissioner, having regard to the nature and… Read More »

Section 65 of Punjab GST Act 2017 : Audit by tax authorities.

By | January 31, 2018

Section 65 of Punjab GST Act 2017 ( Section 65 of Punjab GST Act 2017 explains Audit by tax authorities and is covered in  CHAPTER XIII AUDIT )  Audit by tax authorities. 65. (1) The Commissioner or any officer authorised by him, by way of a general or a specific order, may undertake audit of any registered person for… Read More »

Section 64 of Punjab GST Act 2017 : Summary assessment in certain special cases.

By | January 31, 2018

Section 64 of Punjab GST Act 2017 ( Section 64 of Punjab GST Act 2017 explains Summary assessment in certain special cases and is covered in  CHAPTER XII ASSESSMENT )  Summary assessment in certain special cases. 64. (1) The proper officer may, on any evidence showing a tax liability of a person coming to his notice, with the previous… Read More »

Section 63 of Punjab GST Act 2017 : Assessment of unregistered persons.

By | January 31, 2018

Section 63 of Punjab GST Act 2017 ( Section 63 of Punjab GST Act 2017 explains Assessment of unregistered persons and is covered in  CHAPTER XII ASSESSMENT )  Assessment of unregistered persons. 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… Read More »

Section 62 of Punjab GST Act 2017 : Assessment of non-filers of returns.

By | January 31, 2018

Section 62 of Punjab GST Act 2017 ( Section 62 of Punjab GST Act 2017 explains Assessment of non-filers of returns and is covered in  CHAPTER XII ASSESSMENT )  Assessment of non-filers of returns. 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… Read More »

Section 61 of Punjab GST Act 2017 : Scrutiny of returns.

By | January 31, 2018

Section 61 of Punjab GST Act 2017 ( Section 61 of Punjab GST Act 2017 explains Scrutiny of returns and is covered in  CHAPTER XII ASSESSMENT )  Scrutiny of returns. 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… Read More »

Section 60 of Punjab GST Act 2017 : Provisional assessment.

By | January 31, 2018

Section 60 of Punjab GST Act 2017 ( Section 60 of Punjab GST Act 2017 explains Provisional assessment and is covered in  CHAPTER XII ASSESSMENT )  Provisional assessment. 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… Read More »

Section 59 of Punjab GST Act 2017 : Self-assessment.

By | January 31, 2018

Section 59 of Punjab GST Act 2017 ( Section 59 of Punjab GST Act 2017 explains Self-assessment and is covered in  CHAPTER XII ASSESSMENT )  Self-assessment. 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. Punjab GST Act 2017 Punjab GST Rules 2017… Read More »

Section 57 of Punjab GST Act 2017 : Consumer Welfare Fund.

By | January 31, 2018

Section 57 of Punjab GST Act 2017 ( Section 57 of Punjab GST Act 2017 explains Consumer Welfare Fund and is covered in  CHAPTER XI REFUNDS)  Consumer Welfare Fund. 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… Read More »

Section 56 of Punjab GST Act 2017 : Interest on delayed refunds.

By | January 31, 2018

Section 56 of Punjab GST Act 2017 ( Section 56 of Punjab GST Act 2017 explains Interest on delayed refunds and is covered in  CHAPTER XI REFUNDS)  Interest on delayed refunds. 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… Read More »

Section 55 of Punjab GST Act 2017 : Refund in certain cases.

By | January 31, 2018

Section 55 of Punjab GST Act 2017 ( Section 55 of Punjab GST Act 2017 explains Refund in certain cases and is covered in  CHAPTER XI REFUNDS)  Refund in certain cases. 55. The Government may, on the recommendations of the Council, by notification, specify any specialized agency of the United Nations Organization or any Multilateral Financial Institution and… Read More »

Section 53 of Punjab GST Act 2017 : Transfer of input tax credit.

By | January 31, 2018

Section 53 of Punjab GST Act 2017 ( Section 53 of Punjab GST Act 2017 explains Transfer of input tax credit and is covered in  CHAPTER X PAYMENT OF TAX)  Transfer of input tax credit. 53. On utilisation of input tax credit availed under this Act for payment of tax dues under the Integrated Goods and Services Tax… Read More »

Section 52 of Punjab GST Act 2017 : Collection of tax at source.

By | January 31, 2018

Section 52 of Punjab GST Act 2017 ( Section 52 of Punjab GST Act 2017 explains Collection of tax at source and is covered in  CHAPTER X PAYMENT OF TAX)  Collection of tax at source. 52. (1) Notwithstanding anything to the contrary contained in this Act, every electronic commerce operator (hereafter in this section referred to as the… Read More »

Section 51 of Punjab GST Act 2017 : Tax deduction at source.

By | January 31, 2018

Section 51 of Punjab GST Act 2017 ( Section 51 of Punjab GST Act 2017 explains Tax deduction at source and is covered in  CHAPTER X PAYMENT OF TAX)  Tax deduction at source. 51. (1) Notwithstanding anything to the contrary contained in this Act, the Government may mandate,- (a) a department or establishment of the Central Government or… Read More »

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

By | January 31, 2018

Section 49 of Punjab GST Act 2017 ( Section 49 of Punjab 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… Read More »

Section 48 of Punjab GST Act 2017 : Goods and services tax practitioners.

By | January 31, 2018

Section 48 of Punjab GST Act 2017 ( Section 48 of Punjab GST Act 2017 explains Goods and services tax practitioners and is covered in  CHAPTER IX RETURNS)  Goods and services tax practitioners. 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… Read More »

Section 46 of Punjab GST Act 2017 : Notice to return defaulters.

By | January 31, 2018

Section 46 of Punjab GST Act 2017 ( Section 46 of Punjab GST Act 2017 explains Notice to return defaulters and is covered in  CHAPTER IX RETURNS)  Notice to return defaulters. 46. Where a registered person fails to furnish a return under section 39 or section 44 or section 45, a notice shall be issued requiring him to… Read More »

Section 45 of Punjab GST Act 2017 : Final return.

By | January 31, 2018

Section 45 of Punjab GST Act 2017 ( Section 45 of Punjab 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… Read More »

Section 44 of Punjab GST Act 2017 : Annual return.

By | January 31, 2018

Section 44 of Punjab GST Act 2017 ( Section 44 of Punjab 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… Read More »

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

By | January 31, 2018

Section 43 of Punjab GST Act 2017 ( Section 43 of Punjab 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… Read More »

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

By | January 31, 2018

Section 42 of Punjab GST Act 2017 ( Section 42 of Punjab 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… Read More »

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

By | January 31, 2018

Section 41 of Punjab GST Act 2017 ( Section 41 of Punjab 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… Read More »

Section 40 of Punjab GST Act 2017 : First Return.

By | January 31, 2018

Section 40 of Punjab GST Act 2017 ( Section 40 of Punjab 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… Read More »

Section 39 of Punjab GST Act 2017 : Furnishing of returns.

By | January 31, 2018

Section 39 of Punjab GST Act 2017 ( Section 39 of Punjab GST Act 2017 explains Furnishing of returns and is covered in  CHAPTER IX RETURNS)  Furnishing of returns. 39. (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 38 of Punjab GST Act 2017 : Furnishing details of inward supplies.

By | January 31, 2018

Section 38 of Punjab GST Act 2017 ( Section 38 of Punjab 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… Read More »

Section 37 of Punjab GST Act 2017 : Furnishing details of outward supplies.

By | January 31, 2018

Section 37 of Punjab GST Act 2017 ( Section 37 of Punjab 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… Read More »

Section 36 of Punjab GST Act 2017 : Period of retention of accounts.

By | January 31, 2018

Section 36 of Punjab GST Act 2017 ( Section 36 of Punjab GST Act 2017 explains Period of retention of accounts and is covered in  CHAPTER VIII ACCOUNTS AND RECORDS )  Period of retention of accounts. 36. Every registered person required to keep and maintain books of account or other records in accordance with the provisions of sub-section (1)… Read More »

Section 35 of Punjab GST Act 2017 : Accounts and other records.

By | January 31, 2018

Section 35 of Punjab GST Act 2017 ( Section 35 of Punjab GST Act 2017 explains Accounts and other records and is covered in  CHAPTER VIII ACCOUNTS AND RECORDS )  Accounts and other records. 35. (1) Every registered person shall keep and maintain, at his principal place of business, as mentioned in the certificate of registration, a true and… Read More »

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

By | January 31, 2018

Section 33 of Punjab GST Act 2017 ( Section 33 of Punjab 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… Read More »

Section 32 of Punjab GST Act 2017 : Prohibition of unauthorized collection of tax.

By | January 31, 2018

Section 32 of Punjab GST Act 2017 ( Section 32 of Punjab GST Act 2017 explains Prohibition of unauthorized collection of tax and is covered in  CHAPTER VII TAX INVOICE, CREDIT AND DEBIT NOTES )  Prohibition of unauthorized collection of tax. 32. (1) A person who is not a registered person shall not collect in respect of any supply… Read More »

Section 30 of Punjab GST Act 2017 : Revocation of cancellation of registration.

By | January 31, 2018

Section 30 of Punjab GST Act 2017 ( Section 30 of Punjab 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,… Read More »

Section 29 of Punjab GST Act 2017 : Cancellation of registration.

By | January 31, 2018

Section 29 of Punjab GST Act 2017 ( Section 29 of Punjab GST Act 2017 explains Cancellation of registration and is covered in  CHAPTER VI REGISTRATION )  Cancellation of registration. 29. (1) The proper officer may, either on his own motion or on an application filed by the registered person or by his legal heirs, in case of death… Read More »

Section 28 of Punjab GST Act 2017 : Amendment of registration.

By | January 31, 2018

Section 28 of Punjab GST Act 2017 ( Section 28 of Punjab GST Act 2017 explains Amendment of registration and is covered in  CHAPTER VI REGISTRATION )  Amendment of registration. 28. (1) Every registered person and a person to whom a Unique Identity Number has been assigned shall inform the proper officer of any changes in the information furnished… Read More »

Section 27 of Punjab GST Act 2017 : Special provisions relating to casual taxable person and non-resident taxable person.

By | January 31, 2018

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

Section 26 of Punjab GST Act 2017 : Deemed registration.

By | January 31, 2018

Section 26 of Punjab GST Act 2017 ( Section 26 of Punjab 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… Read More »

Section 25 of Punjab GST Act 2017 : Procedure for registration.

By | January 31, 2018

Section 25 of Punjab GST Act 2017 ( Section 25 of Punjab GST Act 2017 explains Procedure for registration and is covered in  CHAPTER VI REGISTRATION )  Procedure for registration. 25. (1) Every person who is liable to be registered under section 22 or section 24 shall apply for registration within thirty days from the date on which he… Read More »

Section 24 of Punjab GST Act 2017 : Compulsory registration in certain cases.

By | January 31, 2018

Section 24 of Punjab GST Act 2017 ( Section 24 of Punjab 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… Read More »

Section 23 of Punjab GST Act 2017 : Persons not liable for registration.

By | January 31, 2018

Section 23 of Punjab GST Act 2017 ( Section 23 of Punjab 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… Read More »

Section 22 of Punjab GST Act 2017 : Persons liable for registration.

By | January 31, 2018

Section 22 of Punjab GST Act 2017 ( Section 22 of Punjab GST Act 2017 explains Persons liable for registration and is covered in  CHAPTER VI REGISTRATION )  Persons liable for registration. 22. (1) Every supplier making a taxable supply of goods or services or both in the State shall be liable to be registered under this Act if… Read More »

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

By | January 31, 2018

Section 21 of Punjab GST Act 2017 ( Section 21 of Punjab 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… Read More »