E-BOOK ON GST LASTEST UPDATED PDF AUGUST 2017 MRP-800 (24.08.2017)

Sharing is Caring :
Print Friendly

THE CONSTITUTION (ONE HUNDRED AND FIRST AMENDMENT) ACT, 2016                            A-1–A-11

 

THE CENTRAL GOODS AND SERVICES TAX ACT, 2017                                                               1666

CHAPTER I: PRELIMINARY                                                                                                                        1–51

  1. Shorttitle, extent and commencement                                                                                              1
  2. Definitions 2

CHAPTER II: ADMINISTRATION                                                                                                              52–56

  1. Officersunder this Act                                                                                                                        52
  2. Appointmentof officers                                                                                                                      53
  3. Powersof officers                                                                                                                               54
  4. Authorisationof officers of State tax or Union territory tax as proper officer

in certain circumstances                                                                                                                    55

CHAPTER III: LEVY AND COLLECTION OF TAX                                                                                  57–119

  1. Scopeof supply                                                                                                                                  57
  2. Taxliability on composite and mixed supplies                                                                             57
  3. Levyand collection                                                                                                                            57
  4. Compositionlevy                                                                                                                                78
  5. Powerto grant exemption from tax                                                                                                  87

CHAPTER IV: TIME AND VALUE OF SUPPLY                                                                                     120–158

  1. Timeof supply of goods                                                                                                                  120
  2. Timeof supply of services                                                                                                              130
  3. Changein rate of tax in respect of supply of goods or services                                              137
  4. Valueof taxable supply                                                                                                                   146

CHAPTER V: INPUT TAX CREDIT                                                                                                        159–204

  1. Eligibilityand conditions for taking input tax credit                                                                    159
  2. Apportionmentof credit and blocked credits                                                                               166
  3. Availabilityof credit in special circumstances                                                                             172
  4. Takinginput tax credit in respect of inputs and capital goods sent for job-work                  186

 

  1. Mannerof distribution of credit by Input Service Distributor                                                   189
  2. Mannerof recovery of credit distributed in excess                                                                  203

CHAPTER VI: REGISTRATION                                                                                                               205–225

  1. Personsliable for registration                                                                                                   205
  2. Personsnot liable for registration                                                                                             209
  3. Compulsoryregistration in certain cases                                                                                210
  4. Procedurefor registration                                                                                                         211
  5. Deemedregistration                                                                                                                  216
  6. Specialprovisions relating to casual taxable person and non-resident taxable

person                                                                                                                                        216

  1. Amendmentof registration                                                                                                        217
  2. Cancellationof registration                                                                                                       218
  3. Revocationof cancellation of registration                                                                                221

CHAPTER VII: TAX INVOICE, CREDIT AND DEBIT NOTES                                                                          226–242

  1. Taxinvoice                                                                                                                                 226
  2. Prohibitionof unauthorised collection of tax                                                                            235
  3. Amountof tax to be indicated in tax invoice and other documents                                         236
  4. Creditand debit notes                                                                                                                236

CHAPTER VIII: ACCOUNTS AND RECORDS                                                                                            243–251

  1. Accountsand other records                                                                                                      243
  2. Periodof retention of accounts                                                                                                 249

CHAPTER IX: RETURNS                                                                                                                      252–297

  1. Furnishingdetails of outward supplies                                                                                     252
  2. Furnishingdetails of inward supplies                                                                                       261
  3. Returns 268
  4. Firstreturn                                                                                                                                 279
  5. Claimof input tax credit and provisional acceptance thereof                                                  280
  6. Matching,reversal and reclaim of input tax credit                                                                   281
  7. Matching,reversal and reclaim of reduction in output tax liability                                          286
  8. Annualreturn                                                                                                                             292
  9. Finalreturn                                                                                                                                 293
  10. Noticeto return defaulters                                                                                                         294
  11. Levyof late fee                                                                                                                           294
  12. Goodsand services tax practitioners                                                                                       295

CHAPTER X: PAYMENT OF TAX                                                                                                            298–323

  1. Paymentof tax, interest, penalty and other amounts                                                               298
  2. Intereston delayed payment of tax                                                                                           307
  3. Taxdeducted at source                                                                                                             310
  4. TaxCollected at Source                                                                                                            316
  5. Transferof input tax credit                                                                                                        322

CHAPTER XI: REFUNDS                                                                                                                      324–352

  1. Refundof tax                                                                                                                              324
  2. Refundin certain cases                                                                                                             343
  3. Intereston delayed refunds                                                                                                       345
  4. ConsumerWelfare Fund                                                                                                           348
  5. Utilisationof Fund                                                                                                                      351

CHAPTER XII: ASSESSMENT                                                                                                               353–370

  1. Self-assessment 353
  2. Provisionalassessment                                                                                                           354
  3. Scrutinyof Returns                                                                                                                    360
  4. Assessmentof non-filers of returns                                                                                         363
  5. Assessmentof unregistered persons                                                                                       366
  6. Summaryassessment in certain special cases                                                                     368

CHAPTER XIII: AUDIT                                                                                                                          371–379

  1. Auditby tax authorities                                                                                                              371
  2. Specialaudit                                                                                                                              375

CHAPTER XIV: INSPECTION, SEARCH, SEIZURE AND ARREST                                                                 380–394

  1. Powerof inspection, search and seizure                                                                                 380
  2. Inspectionof goods in movement                                                                                             385
  3. Powerto arrest                                                                                                                          386
  4. Powerto summon persons to give evidence and produce documents                                  389
  5. Accessto business premises                                                                                                  390
  6. Officersto assist proper officers                                                                                              392

CHAPTER XV: DEMANDS AND RECOVERY                                                                                            395–435

  1. Determinationof 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                                                        395

  1. Determinationof 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                                                                             399

  1. Generalprovisions relating to determination of tax                                                                 403
  2. Taxcollected but not paid to the Government                                                                          408
  3. Taxwrongfully collected and paid to the Central or a State Government                               411
  4. Initiationof recovery proceedings                                                                                             413
  5. Recoveryof tax                                                                                                                          415
  6. Paymentof tax and other amount in instalments                                                                     423
  7. Transferof property to be void in certain cases                                                                       425
  8. Taxto be first charge on property                                                                                             428
  9. Provisionalattachment to protect revenue in certain cases                                                   430
  10. Continuationand validation of certain recovery proceedings                                                  433

CHAPTER XVI: LIABILITY TO PAY IN CERTAIN CASES                                                                              436–455

  1. Liabilityin case of transfer of business                                                                                    436
  2. Liabilityof agent and principal                                                                                                  439
  3. Liabilityin case of amalgamation or merger of companies                                                    440
  4. Liabilityin case of company in liquidation                                                                               441
  5. Liabilityof directors of Private Company                                                                                 443
  6. Liabilityof partners of firm to pay tax                                                                                       444
  7. Liabilityof guardians, trustees, etc.                                                                                          445
  8. Liabilityof Court of Wards, etc.                                                                                                 448
  9. Specialprovisions regarding liability to pay tax, interest or penalty in certain cases 449
  10. Liabilityin other cases                                                                                                              453

CHAPTER XVII: ADVANCE RULING                                                                                                        456–476

  1. Definitionclause – interpretation                                                                                              456
  2. Authorityfor Advance Ruling                                                                                                    458
  3. Applicationfor Advance Ruling                                                                                                459
  4. Procedureon receipt of application                                                                                          461
  5. AppellateAuthority for Advance Ruling                                                                                   465
  6. Appealto Appellate Authority                                                                                                    466
  7. Ordersof Appellate Authority                                                                                                    467
  8. Rectificationof advance ruling                                                                                                   469
  9. Applicabilityof advance ruling                                                                                                   471
  10. Advanceruling to be void in certain circumstances                                                                 472
  11. Powersof Authority and Appellate Authority                                                                            474
  12. Procedureof Authority and Appellate Authority                                                                        476

CHAPTER XVIII: APPEALS AND REVISION                                                                                             477–505

  1. Appealsto Appellate Authority                                                                                                  477
  2. Powersof Revisional Authority                                                                                                 481
  3. Constitutionof Appellate Tribunal and Benches thereof                                                           483
  4. Presidentand Members of Appellate Tribunal, their qualification, appointment,

conditions of service, etc.                                                                                                         485

  1. Procedurebefore Appellate Tribunal                                                                                         489
  2. Appealsto Appellate Tribunal                                                                                                    490
  3. Ordersof Appellate Tribunal                                                                                                      494
  4. Financialand administrative powers of President                                                                    495
  5. Intereston refund of amount paid for admission of appeal                                                       496
  6. Appearanceby authorised representative                                                                                 497
  7. Appealto High Court                                                                                                                   500
  8. Appealto Supreme Court                                                                                                           502
  9. Sumsdue to be paid notwithstanding appeal, etc.                                                                    503
  10. Appealnot to be filed in certain cases                                                                                       504
  11. Non-appealabledecisions and orders                                                                                       505

CHAPTER XIX: OFFENCES AND PENALTIES                                                                                          506–536

  1. Penaltyfor certain offences                                                                                                       506
  2. Penaltyfor failure to furnish information return                                                                         513
  3. Finefor failure to furnish statistics                                                                                            514
  4. Generalpenalty                                                                                                                          515
  5. Generaldisciplines related to penalty                                                                                       516
  6. Powerto impose penalty in certain cases                                                                                518
  7. Powerto waive penalty or fee or both                                                                                        519
  8. Detention,seizure and release of goods and conveyances in transit                                      520
  9. Confiscationof goods or conveyances and levy of penalty                                                      522
  10. Confiscationor penalty not to interfere with other punishments                                               525
  11. Punishmentfor certain offences                                                                                                526
  12. Liabilityof officers and certain other persons                                                                           529
  13. Cognizanceof offences                                                                                                              530
  14. Presumptionof culpable mental state                                                                                       530
  15. Relevancyof statements under certain circumstances                                                           531
  16. Offencesby companies                                                                                                             532
  17. Compoundingof offences                                                                                                           533

CHAPTER XX: TRANSITIONAL PROVISIONS                                                                                           537–597

  1. Migrationof existing taxpayers                                                                                                  537
  2. Transitionalarrangements for input tax credit                                                                          543
  3. Transitionalprovisions relating to job work                                                                              569
  4. Miscellaneoustransitional provisions                                                                                       577

CHAPTER XXI: MISCELLANEOUS                                                                                                         598–666

  1. Jobwork procedure                                                                                                                    599
  2. Presumptionas to documents in certain cases                                                                        604
  3. Admissibilityof micro films, facsimile copies of documents and computer

printouts as documents and as evidence                                                                                 605

  1. CommonPortal                                                                                                                          607
  2. Deemedexports                                                                                                                         607
  3. Specialprocedure for certain processes                                                                                  608
  4. Goodsand services tax compliance rating                                                                               609
  5. Obligationto furnish information return                                                                                     610
  6. Powerto collect statistics                                                                                                          613
  7. Baron disclosure of information                                                                                                614
  8. Takingassistance from an expert                                                                                              615
  9. Powerto take samples                                                                                                                    616
  10. Burdenof proof                                                                                                                                 616
  11. Personsdeemed to be public servants                                                                                        617
  12. Protectionof action taken under this Act                                                                                      618
  13. Disclosureof information by a public servant                                                                             618
  14. Publicationof information in respect of persons in certain cases                                           622
  15. Assessmentproceedings, etc., not to be invalid on certain grounds                                      626
  16. Rectificationof errors apparent on the face of record                                                               627
  17. Baron jurisdiction of Civil Courts                                                                                                  632
  18. Levyof fee                                                                                                                                         633
  19. Powerof Government to make rules                                                                                            635
  20. Powerto make regulations                                                                                                             637
  21. Layingof rules, regulations and notifications                                                                              637
  22. Delegationof powers                                                                                                                       638
  23. Powerto issue instructions or directions                                                                                      640
  24. Serviceof notice in certain circumstances                                                                                   642
  25. Roundingoff of tax, etc.                                                                                                                   646
  26. Anti-profiteeringmeasure                                                                                                               648
  27. Removalof difficulties                                                                                                                      654
  28. Amendmentof Act 32 of 1994                                                                                                        656
  29. Repealand saving                                                                                                                           656

SCHEDULE-I                                                                                                                                                   662

SCHEDULE-II                                                                                                                                                  664

SCHEDULE-III                                                                                                                                                 666

THE INTEGRATED GOODS AND SERVICES TAX ACT, 2017                                                     667–762

CHAPTER I: PRELIMINARY                                                                                                                 667–682

  1. Shorttitle, extent and commencement                                                                                         667
  2. Definitions 669

CHAPTER II: ADMINISTRATION                                                                                                                      682

  1. Appointmentof officers                                                                                                             682
  2. Authorisationof officers of State tax or Union territory tax as proper officer

in certain circumstances                                                                                                           682

CHAPTER III: LEVY AND COLLECTION OF TAX                                                                                        683–692

  1. Levyand Collection                                                                                                                   683
  2. Powerto grant exemption from tax                                                                                           689

CHAPTER IV: DETERMINATION OF NATURE OF SUPPLY                                                                           693–705

  1. Inter-Statesupply                                                                                                                      693
  2. Intra-Statesupply                                                                                                                      700
  3. Suppliesin territorial waters                                                                                                     703

CHAPTER V: PLACE OF SUPPLY OF GOODS OR SERVICES OR BOTH                                                       706–733

  1. Placeof supply of goods other than supply of goods imported into, or

exported from India                                                                                                                    706

  1. Placeof supply of goods imported into, or exported from India                                              714
  2. Placeof supply of services where location of supplier and recipient is in India                    715
  3. Placeof supply of services where location of supplier or location of recipient

is outside India                                                                                                                           723

  1. Specialprovision for payment of tax by a supplier of online information and

database access or retrieval services                                                                                     729

CHAPTER VI : REFUND OF INTEGRATED TAX TO INTERNATIONAL TOURIST                                                734–735

  1. Refundof integrated tax paid on supply of goods to tourist leaving India                               734

CHAPTER VII: ZERO RATED SUPPLY                                                                                                    736–748

  1. Zerorated supply                                                                                                                       736

CHAPTER VIII : APPORTIONMENT OF TAX AND SETTLEMENT OF FUNDS                                                   749–753

  1. Apportionmentof tax and settlement of funds                                                                          749
  2. Transferof input tax credit                                                                                                        751
  3. Taxwrongfully collected and paid to Central Government or State

Government                                                                                                                               752

CHAPTER IX: MISCELLANEOUS                                                                                                           754–762

  1. Applicationof provisions of Central Goods and Services Tax Act                                         754
  2. Importof services made on or after the appointed day                                                            757
  3. Powerto make rules                                                                                                                        758
  4. Powerto make regulations                                                                                                             760
  5. Layingof rules, regulations and notifications                                                                              760
  6. Removalof difficulties                                                                                                                      761

 

THE UNION TERRITORY GOODS AND SERVICES TAX ACT, 2017                                          763–780

CHAPTER I: PRELIMINARY                                                                                                                 764–768

  1. Shorttitle, extent and commencement                                                                                         764
  2. Definitions 765

CHAPTER II: ADMINISTRATION                                                                                                          769–770

  1. Officersunder this Act                                                                                                                      769
  2. Authorisationof officers                                                                                                                   769
  3. Powersof officers                                                                                                                             769
  4. Authorisationof officers of Central Tax as proper officer in certain

circumstances                                                                                                                                   769

CHAPTER III: LEVY AND COLLECTION OF TAX                                                                               771–780

  1. Levyand Collection                                                                                                                         771
  2. Powerto grant exemption from tax                                                                                                775

 

THE GOODS AND SERVICES TAX (COMPENSATION TO STATES) Act, 2017                        781–784

  1. Shorttitle, extent and commencement                                                                                         781
  2. Definitions 781
  3. Levyand collection of cess                                                                                                            782
  4. Returns,payments and refunds                                                                                                     782
  5. Otherprovisions relating to cess                                                                                                   783

NOTE ON STATE GST LAWS & RULES                                                                                          785-787

CGST RULES, 2017                                                                                                                              789-889

  1. CompositionRules                                                                                                                           789
  2. InputTax Credit                                                                                                                                793
  3. Determinationof Value of Supply                                                                                                  805
  4. InputTax Credit                                                                                                                                811
  5. TaxInvoice, Credit and Debit Notes                                                                                             822
  6. Accountsand Records                                                                                                                    831
  7. Returns 835
  8. Paymentof Tax                                                                                                                                 848
  9. Refund 852
  10. Assessmentand Audit                                                                                                                     862
  11. AdvanceRuling                                                                                                                                865
  12. Appealsand Revision                                                                                                                     866
  13. TransitionalProvisions                                                                                                                    869
  14. Anti-Profiting 872
  15. E-WayRules                                                                                                                                     877
  16. Inspection,Search and Seizure                                                                                                    878
  17. Demandsand Recovery                                                                                                                 880
  18. Offencesand Penalties                                                                                                                   888

IMPORTANT NOTIFICATIONS/ CIRCULARS                                                                                   791-1113

 

Download Here the Pdf File : Click Here

 

 

Facebook Comments

Sharing is Caring :

Leave a Reply

Your email address will not be published. Required fields are marked *