Amend period for GST Returns by casual taxable person : ICAI Suggestions

Share this on WhatsAppSuggestions on GST Acts (July 2017) by Institute of Chartered Accountants of India 31. Furnishing details of outward and inward supplies by the casual taxable person Section 37(1) of the CGST Act provides that every registered taxable person, other than an input service distributor, a non-resident taxable person and a person paying… Read More »

Define Books of Accounts for GST : ICAI Suggestions

Share this on WhatsAppSuggestions on GST Acts (July 2017) by Institute of Chartered Accountants of India 30. Definition of Books of Accounts for the purpose of GST Section 35 of the CGST Act provides that every registered taxable person shall keep and maintain, at his principal place of business, as mentioned in the certificate of… Read More »

GST registration cancellation Issues and Suggestions : ICAI

Share this on WhatsAppSuggestions on GST Acts (July 2017) by Institute of Chartered Accountants of India 29. Cancellation of Registration Section 29(2) of the CGST Act provides that the proper officer may cancel the registration of a person from such date, including any retrospective date, as he may deem fit, where, –– (a) a registered… Read More »

Relax Time limit for GST registration date : ICAI Suggestions

Share this on WhatsAppSuggestions on GST Acts (July 2017) by Institute of Chartered Accountants of India 27. Time limit to fix effective date of Registration Section 25(11) of the CGST Act provides that a certificate of registration shall be issued in the prescribed form, with effective date as may be prescribed. Suggestion It is suggested… Read More »

Amend PAN and TAN requirement under GST : ICAI Suggestions

Share this on WhatsAppSuggestions on GST Acts (July 2017) by Institute of Chartered Accountants of India 26. Registration in case of a person required to deduct tax under section 51 Section 25(6) of the CGST Act provides that every person shall have a Permanent Account Number issued under the Income Tax Act, 1961 (43 of… Read More »

Extend period to avail GST ITC credit : ICAI suggestion

Share this on WhatsAppSuggestions on GST Acts (July 2017) by Institute of Chartered Accountants of India 24. Time Limit of 1 year for taking Input Tax Credit for Capital Goods Section 18(1) of CGST Act, 2017 provides that subject to such conditions and restrictions as may be prescribed— (a) a person who has applied for… Read More »

Section 74 Gujarat GST Act 2017 : Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised by reason of fraud or any wilful misstatement or suppression of facts

Share this on WhatsAppSection 74 Gujarat GST Act 2017 ( Section 74 Gujarat GST Act 2017 explains Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised by reason of fraud or any wilful misstatement or suppression of facts  and is covered in CHAPTER XV DEMANDS AND RECOVERY  ) Determination of… Read More »

Section 73 Gujarat GST Act 2017 : Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised for any reason other than fraud or any wilful misstatement or suppression of facts

Share this on WhatsAppSection 73 Gujarat GST Act 2017 ( Section 73 Gujarat GST Act 2017 explains Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised for any reason other than fraud or any wilful misstatement or suppression of facts  and is covered in CHAPTER XV DEMANDS AND RECOVERY  )… Read More »

Section 72 Gujarat GST Act 2017 : Officers to assist proper officers

Share this on WhatsAppSection 72 Gujarat GST Act 2017 ( Section 72 Gujarat GST Act 2017 explains Officers to assist proper officers  and is covered in CHAPTER XIV INSPECTION, SEARCH, SEIZURE AND ARREST   ) Officers to assist proper officers 72. (1) All officers of Police, Railways, Customs, and those officers engaged in the collection of land revenue, including village officers, officers… Read More »

Section 71 Gujarat GST Act 2017 : Access to business premises

Share this on WhatsAppSection 71 Gujarat GST Act 2017 ( Section 71 Gujarat GST Act 2017 explains Access to business premises  and is covered in CHAPTER XIV INSPECTION, SEARCH, SEIZURE AND ARREST   ) Access to business premises 71. (1) Any officer under this Act authorised by the proper officer not below the rank of Joint Commissioner, shall have access to any… Read More »

Section 69 Gujarat GST Act 2017 : Power to arrest

Share this on WhatsAppSection 69 Gujarat GST Act 2017 ( Section 69 Gujarat GST Act 2017 explains Power to arrest  and is covered in CHAPTER XIV INSPECTION, SEARCH, SEIZURE AND ARREST   ) Power to arrest 69. (1) Where the Commissioner has reasons to believe that a person has committed any offence specified in clause (a) or clause (b) or clause (c)… Read More »

Section 68 Gujarat GST Act 2017 : Inspection of goods in movement

Share this on WhatsAppSection 68 Gujarat GST Act 2017 ( Section 68 Gujarat GST Act 2017 explains Inspection of goods in movement  and is covered in CHAPTER XIV INSPECTION, SEARCH, SEIZURE AND ARREST   ) Inspection of goods in movement 68. (1) The Government may require the person in charge of a conveyance carrying any consignment of goods of value exceeding such… Read More »

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

Share this on WhatsAppSection 67 Gujarat GST Act 2017 ( Section 67 Gujarat 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) a… Read More »

Section 66 Gujarat GST Act 2017 : Special audit

Share this on WhatsAppSection 66 Gujarat GST Act 2017 ( Section 66 Gujarat 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 complexity… Read More »

Section 65 Gujarat GST Act 2017 : Audit by tax authorities

Share this on WhatsAppSection 65 Gujarat GST Act 2017 ( Section 65 Gujarat 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 such… Read More »

Section 64 Gujarat GST Act 2017 : Summary assessment in certain special cases

Share this on WhatsAppSection 64 Gujarat GST Act 2017 ( Section 64 Gujarat 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 permission… Read More »

Section 63 Gujarat GST Act 2017 : Assessment of unregistered persons

Share this on WhatsAppSection 63 Gujarat GST Act 2017 ( Section 63 Gujarat 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 Gujarat GST Act 2017 : Assessment of non-filers of returns

Share this on WhatsAppSection 62 Gujarat GST Act 2017 ( Section 62 Gujarat 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 39… Read More »

Section 61 Gujarat GST Act 2017 : Scrutiny of returns

Share this on WhatsAppSection 61 Gujarat GST Act 2017 ( Section 61 Gujarat 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 discrepancies… Read More »

Section 60 Gujarat GST Act 2017 : Provisional assessment

Share this on WhatsAppSection 60 Gujarat GST Act 2017 ( Section 60 Gujarat 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 applicable… Read More »

Section 59 Gujarat GST Act 2017 : Self-assessment

Share this on WhatsAppSection 59 Gujarat GST Act 2017 ( Section 59 Gujarat 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. Gujarat GST Act 2017 Gujarat GST Rules 2017 Gujarat… Read More »

Section 58 Gujarat GST Act 2017 : Utilisation of Fund

Share this on WhatsAppSection 58 Gujarat GST Act 2017 ( Section 58 Gujarat GST Act 2017 explains Utilisation of Fund and is covered in CHAPTER XI REFUNDS  ) Utilisation of Fund 58. (1) All sums credited to the Fund shall be utilised by the Government for the welfare of the consumers in such manner as may be prescribed. (2) The Government or… Read More »

Section 57 Gujarat GST Act 2017 : Consumer Welfare Fund

Share this on WhatsAppSection 57 Gujarat GST Act 2017 ( Section 57 Gujarat 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 sub-section (5)… Read More »

Section 56 Gujarat GST Act 2017 : Interest on delayed refunds

Share this on WhatsAppSection 56 Gujarat GST Act 2017 ( Section 56 Gujarat 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 receipt… Read More »

Section 55 Gujarat GST Act 2017 : Refund in certain cases

Share this on WhatsAppSection 55 Gujarat GST Act 2017 ( Section 55 Gujarat 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 Organization… Read More »

Section 54 Gujarat GST Act 2017 : Refund of tax

Share this on WhatsAppSection 54 Gujarat GST Act 2017 ( Section 54 Gujarat GST Act 2017 explains Refund of tax and is covered in CHAPTER XI REFUNDS  ) Refund of tax 54. (1) Any person claiming refund of any tax and interest, if any, paid on such tax or any other amount paid by him, may make an application before the… Read More »

Section 53 Gujarat GST Act 2017 : Transfer of input tax credit

Share this on WhatsAppSection 53 Gujarat GST Act 2017 ( Section 53 Gujarat 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 Act… Read More »

Section 52 Gujarat GST Act 2017 : Collection of tax at source

Share this on WhatsAppSection 52 Gujarat GST Act 2017 ( Section 52 Gujarat 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 “operator”),… Read More »

Section 51 Gujarat GST Act 2017 : Tax deduction at source

Share this on WhatsAppSection 51 Gujarat GST Act 2017 ( Section 51 Gujarat 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 State… Read More »

GSTR 3B User Manual for Creation and Submission on GST Portal

Share this on WhatsAppCreation and Submission of GSTR3B Related Topic on GST Topic Click Link GST Acts  Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars  GST Judgments GST Judgments GST Press Release GST Press Release… Read More »

GST Cash Invoice Limit

Share this on WhatsAppGST 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… Read More »

Section 50 Gujarat GST Act 2017 : Interest on delayed payment of tax

Share this on WhatsAppSection 50 Gujarat GST Act 2017 ( Section 50 Gujarat GST Act 2017 explains Interest on delayed payment of tax and is covered in CHAPTER X PAYMENT OF TAX ) Interest on delayed payment of tax 50. (1) Every person who is liable to pay tax in accordance with the provisions of this Act or the rules made… Read More »

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

Share this on WhatsAppSection 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… Read More »

Section 47 Gujarat GST Act 2017 : Levy of late fee

Share this on WhatsAppSection 47 Gujarat GST Act 2017 ( Section 47 Gujarat GST Act 2017 explains Levy of late fee and is covered in CHAPTER IX RETURNS   ) Levy of late fee 47. (1) Any registered person who fails to furnish the details of outward or inward supplies required under section 37 or section 38 or returns required under section… Read More »

Section 46 Gujarat GST Act 2017 : Notice to return defaulters

Share this on WhatsAppSection 46 Gujarat GST Act 2017 ( Section 46 Gujarat 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 furnish… Read More »

Section 45 Gujarat GST Act 2017 : Final return

Share this on WhatsAppSection 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… Read More »

Section 44 Gujarat GST Act 2017 : Annual return

Share this on WhatsAppSection 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… Read More »

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

Share this on WhatsAppSection 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… Read More »