NIL rated Goods under GST – GST Exemption List Read section 6(1) of the IGST Act 2017 and Notification No. 2/2017-Integrated Tax (Rate), G.S.R. 667(E) dated 28th June 2017 and last amended vide Notification No. 19/2021-Integrated Tax (Rate), G.S.R. 896(E) dated 28th December...
The GSTN (Goods and Services Tax Network) will soon allow metal scrap dealers to register for TDS (Tax Deducted at Source) under section 51 of the GST Act. View more 11th October 2024 GSTN has been enabled in four new states Odisha, Kerala, Nagaland, and Telangana, for the verification...
Section 80 of the GST Act. These orders are specifically related to the payment of taxes in instalments and do not involve dispute resolution through appeals. Therefore, if you receive an order under Section 80, it is crucial to comply with the payment terms and seek legal advice if needed,...
As per the rules, all the taxpayers will have to file an annual return form with GSTR 9 but now in an addition to the current rule, Section 35 of CGST Act, 2017, all those taxpayers having turnover exceeding 2 crores in a financial year will have to submit audited annual accounts alon...
Under GST, there are variousGST return forms, which taxpayers can use to file GST returns online. All these forms are required to be e-filed as per the GST return filing process laid down in the GST return rules section of the GST Act. Each of the GSTR form have a different purpose ...
The GSTN will soon enable metal scrap dealers to register for Tax Deducted at Source (TDS) under Section 51 of the GST Act. The GSTN department has issued a significant advisory regarding the automatic population of eligible input tax credit (ITC) for domestic supplies in GSTR-9/9C. Starti...
Businesses dealing in dairy products like milk, curd, paneer, etc., can claim Input Tax Credit (ITC) under GST, as per the CGST Act. Eligibility Criteria for Claiming ITC (Section 16(1) of the CGST Act) To claim ITC on dairy products, the following conditions must be met: Registered ...
The HSN code list is organised into 21 sections, covering a wide range of commodities. Here’s a breakdown of the chapters and the major commodities covered in each: Section Chapter Commodities HSN Code GST Rates (%) I 01-05 Live animals; animal products 0101-0511 0%, 5%, 12%...
Home IGST ACT, 2017 Complete IGST ACT, 2017 with list of Chapters and SectionsCHAPTER I - PRELIMINARY Section 1 - Short title, extent and commencement Section 2 - DefinitionsCHAPTER II - ADMINISTRATION Section 3 - Appointment of officers Section 4 - Authorisation of officers of State tax or...
Section 74 Determination of tax not paid, CGST Act, 2017 Officers to assist proper officers, Sec 72 of CGST Act, 2017 Inspection of goods in movement, Sec 68 of CGST Act, 2017 Section 67 of CGST Act, 2017 Power of inspection, search and seizure ...