Simplified GST Series –Section 68/ Inspection of Goods in Movement/CGST ACT 2017 Section 68- Inspection of goods in movement (1) The Government may require the person in charge of a conveyance carrying any consignment of goods of value exceeding such amount as may be specified to carry with him such documents and such devices as […]
Simplified GST Series- Section 67 /Power of Inspection, Search and Seizure/CGST Act 2017- Section 67- Power of inspection, search and seizure: (1) Where the proper officer, not below the rank of Joint Commissioner, has reasons to believe that – (a) a taxable person has suppressed any transaction relating to supply of goods or services or […]
Simplified GST Series-Audit/Section 65-66/CGST Act 2017 Section 65- Audit by tax authorities- (1) The Commissioner or any officer authorized by him, by way of a general or a specific order, may undertake audit of any registered person for such period, at such frequency and in such manner as may be prescribed. (2) The officers referred […]
Simplified GST Series – Section 59-64/CGST ACT 2017/Assessment- Article explains Section 59- Self Assessment, Section 60- Provisional Assessment, Section 61- Scrutiny of Returns, Section 62- Assessment of non-filers of returns, Section 63-Assessment of unregistered persons and Section 64- Summary assessment in certain special cases. Section 59- Self Assessment Every registered taxable person shall self assess […]
Simplified GST Series/ Section 55-58/CGST ACT 2017– Article analyses Section 55- GST Refund in certain cases, Section 56- Interest on delayed GST Refunds, Section 57-Consumer Welfare Fund and Section 58- Utilization of the Fund of CGST ACT 2017. Section 55- Refund in certain cases- The Government may, on the recommendation of the Council, by notification, […]
Simplified GST Series –Section 54 Refund of Tax – Part -2 CGST Rules 2017 relating to Refund of Tax- Rule 89-Application for refund of tax, interest, penalty, fees or any other amount- Summary of sub –rules- Sub –rule (1)- Any person claiming refund of any tax, interest, penalty, fees or any other amount other than […]
Simplified GST Series- Refunds- Section 54/CGST ACT 2017 Refund under GST in simplified manner –Part -1 Section 54 – Refund of tax (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 expiry of two years […]
Simplified GST Series Section 51-53/CGST ACT 2017 Section 51- Tax deduction at source- Notwithstanding anything to the contrary contained in this Act, the Government may mandate, –– (a) a department or establishment of the Central Government or State Government; or (b) local authority; or (c) Governmental agencies; or (d) such persons or category of persons […]
Simplified GST series- Section 50/CGST Act 2017 Section 50- Interest on delayed payment of tax (GST) (1) Every person who is liable to pay tax in accordance with the provisions of this Act or the rules made there under, but fails to pay the tax or any part thereof to the Government within the period […]
Simplified GST Series Section 49/49A/49B CGST ACT 2017 Article explains Section 49- Payment of Tax, Interest, Penalty and other Amounts, Section 49A-Utilisation of input tax credit subject to certain conditions and Section 49B- Order of utilisation of input tax credit. Section 49- Payment of Tax, Interest, Penalty and other Amounts (1) Every deposit made towards […]
