Amended and updated notes on section 125 of CGST Act, 2017. Detail discussion on provisions and rules related to general penalty. Chapter XIX (Sections 122–138) of the Central Goods and Services Tax Act, 2017 deals with the provisions related to offences and penalties. Section 125 of CGST...
Integrated Goods and Services Tax Act, 2017 (13 of 2017), the Central Government, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India, in ...
The GST Act, passed in Parliament on March 29, 2017, came into effect on July 1, 2017. The journey of the GST regime has been revolutionary, featuring significant changes like the introduction of e-way bills, e-invoicing, GSTR forms, and the digitization of audits, etc. As we step ...
Answer:Yes. GST is leviable on interest or late fee or penalty for delayed payment of any consideration. Please see section 15 of CGST Act, 2017 Question 29: If we have to sell vehicle to employee and the amount of vehicle had already recovered from their salary as EMI then what will b...
as consideration for providing services which are outside the scope of Schedule III of the CGST Act, and is therefore, taxable and covered under reverse charge mechanism in terms of Notification No. 13/2017 – Central Tax (Rate) dated 28.06.2017(as amended), the recipient of the said ...
No. P.12011/2/2009-ES Cell-DOR dated July 07, 2023, has been amended under the Prevention of Money-Laundering Act, 2002 (“the PML Act”). The amendment introduces GSTN entry. Read more The geocoding function is now available in all states and union territories. View more 05th July ...
Section 129 of the CGST Act, 2017 says that things that are transported against the law can be held or taken away. The owner of the goods can pay the fine and tax, which is the full amount of tax that should be paid on those 100% goods, to get them back. The owner of the goods...
Section 2(114) of the CGST Act 2017 shall be amended to update the definition of Union Territories. This is to include Jammu & Kashmir in the list of Union territories as per the Jammu & Kashmir Reorganization Act 2019. Further, the Dadra & Nagar Haveli and Daman & Diu (Merger of Uni...
II. AMENDMENTS IN THE IGST ACT, 2017 S. No. Amendment Clause of the Finance Bill, 2022 1. Notification No. 6/2017 – Integrated Tax, dated the 28th June, 2017, is being amended retrospectively, with effect from the 1st day of July, 2017, so as to notify rate of interest u...
As per proviso to section 152(3) of the Companies Act, 2013 no company shall appoint or re-appoint any individual as director of the company unless he has been allotted a Director Identification Number (DIN) under section 154 or such other identification number as the Central Government may ...