SECTIONS IN MODEL GST

> MIGRATION OF EXISTING TAX PAYERS [s. 166]

> CENVAT/VAT CREDIT c/f in a return to be allowed as ITC [s.167]

> Un-availed CENVAT/VAT Credit on capital goods, not c/f in a return [s.168]

> INPUT CREDIT ON STOCK TO BE ALLOWED IN CERTAIN SITUATIONS [ s.169]

  • Not liable for registration earlier but liable for registration now
  • Manufacture of exempted goods and provision of exempt services earlier but taxable now
  • Works contract service availing the benefit of notification No. 26/2012
  • First stage dealer or second stage dealer or registered importer

> CENVAT Credit of inputs held in stock related to exempted goods or services of a manufacturer / service provider engaged in both non-exempted and exempted
[s.170] [CGST]

> Credit of eligible duties and taxes in respect of inputs or input services during transit [s.171]

> Credit of eligible duties and taxes in respect of inputs held in stock – Switching over from composition scheme [s.172]

> GOODS RETURN IN RESPECT OF EXEMPTED/DUTY PAID GOODS

– Return of goods exempt earlier [s.173]

– Return of goods on which duty/tax paid under earlier law [s. 174]

> JOB WORK

  • Inputs/semi – finished/Finished removed earlier for job work returned after the appointed day [ s. 175 – 177]

> PRICE REVISION….issue of supplementary invoice / debits & notes [s.178]

> RECOVERY/REFUND [PENDING CLAIMS, CLAIM OF CENVAT/INPUT TAX, PROCEEDINGS RELATING TO OUTPUT DUTY LIABILITY, UPON ASSESSMENT/REVISION of RETURNS] [s. 179– s.185]

> MISCELLANEOUS [WORKS CONTRACT, PROGRESSIVE/PERIODIC SUPPLY, CREDIT DISTRIBUTION BY ISD, CENTRALISED REGISTRATION, GOODS/CAPITAL GOODS LYING WITH AGENTS, BRANCH TRANSFERS, GOODS SENT ON APPROVAL BASIS, TDS] [ s.186 – 197]

MIGRATION OF EXISTING TAX PAYERS TO GST

Provisional Certificate

Cenvat or vat credit

s.167

Input Credit on stock of goods Held

Download Full Text

What is Composition Scheme Under GST?

More Under Goods and Services Tax

Posted Under

Category : Goods and Services Tax (6851)
Type : Articles (16989)
Tags : goods and services tax (5339) GST (4942)

Leave a Reply

Your email address will not be published.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