Section 50 of CGST Act, 2017 articulates that every person who is liable to pay tax in accordance with the provisions of GST shall remit tax on or before scheduled dates, but fails to pay tax or any part thereof to the Government shall pay on his own interest at such rate not exceeding 18 […]
Central Board of Indirect Taxes and Customs issued Notification bearing No. 75/2019 Central Tax dt.26-12-2019 amended the Rule 36(4) of CGST Rules, 2017 and further added New Rule 86A which empowers the GST Department to restrict the utilisation or set off from the Electronic Credit Ledger. The said Notification authorises the Commissioner or an officer […]
Invoice Speak about the Transaction between Buyer and seller. In GST, Sec 31 of CGST ACT informs about Invoice for Goods and Service. Invoice Rules tells about the Time for raising the Invoice, Manner of Raising the Invoice and other conditions to be mentioned in the Invoice. Article covers the following- Tax Invoice Export Invoice […]
