Full text containing the act, Central Goods and Services Tax (Extension to Jammu and Kashmir) Act, 2017, with all the sections, schedules, short title, enactment date, and footnotes.
Download or print all sections from section 1 to 174 of Central Goods and Services Tax Act, 2017 in PDF. List of all sections of CGST Act 2017. AUBSP inIndirect Tax Share:WhatsAppTwitterFacebook
The concept of Intermediary services was embodied in Goods and Services Tax Act from the Service Tax regime. “Intermediary” has been defined under section 2(13) of Integrated Goods and Services Tax Act, 2017 (hereinafter referred as the Act) as under- “Intermediary means a broker, an age...
11 “Except where it is an input service for the extended supply of works contract service and plant and machinery” Goods or services or both received by a taxable person for the construction of an immovable property 12 “Gifts to employees is exempted from GST up to a value of Rs 50,00...
July 1, 2017: GST officially launches across India, replacing multiple indirect taxes with a unified “One Nation, One Tax” system. Key Principles of Goods and Services Tax (GST) Now that you have an idea of what is goods and service tax, let’s discuss its principles: ...
Section 16 of the Central Goods and Service Tax Act, 2017 deals with eligibility and conditions for availing input tax credit. If the inter-unit transfer satisfies all the required conditions, the recipient would be eligible to avail input tax credit. However, the same may vary dependi...
About Goods and Service Tax (GST): The Goods and Services Tax (GST) in India was introduced by the Constitutional (One Hundred and First Amendment) Act of 2017. It is a unified tax system that replaced multiple indirect taxes levied by both the Central and State Governments. Under GST, th...
CGST: Central Goods and Services TaxCGST stands for Central Goods and Service Tax. It is a term assigned by the government under the GST law in 2017, more specifically referred to as the CGST Act. The CGST act was passed to provide for the Central Government's imposition of tax on the ...
It was introduced on 1 July 2017. It replaces excise duty, service tax, and value added tax (VAT) with a unified tax system. GST is a digital version of VAT that allows you to track goods and services. VAT and GST have the same tax slabs. The GST Act of 2017 allows the Central ...
In accordance with Section 2(6) of the Integrated Goods and Services Tax Act of 2017, "export of services" refers to the provision of any service in the following circumstances: i) the service provider is based in India; ii) the service recipient is based outside of India; ...