Revised Model GST Law ( Nov 2016) Section 56 Revised Model GST Law ( Nov 2016) CHAPTER – XIV ELECTRONIC COMMERCE Collection of tax at source (1) Notwithstanding anything to the contrary contained in the Act, every electronic commerce operator (hereinafter referred to in this section as the “operator”), not being an agent, shall collect… Read More »
Revised Model GST Law ( Nov 2016) Section 55 Revised Model GST Law ( Nov 2016) CHAPTER – XIII JOB WORK Special procedure for removal of goods for certain purposes (1) A registered taxable person (hereinafter referred to in this section as the “principal”) may, under intimation and subject to such conditions as may be… Read More »
Revised Model GST Law ( Nov 2016) Section 54 Revised Model GST Law ( Nov 2016) Period of retention of accounts Every registered taxable person required to keep and maintain books of account or other records under sub-section (1) of section 53 shall retain them until the expiry of sixty months from the due date… Read More »
Revised Model GST Law ( Nov 2016) Section 53 Revised Model GST Law ( Nov 2016) CHAPTER XII ACCOUNTS AND RECORDS Accounts and other records (1) Every registered taxable person shall keep and maintain, at his principal place of business, as mentioned in the certificate of registration, a true and correct account of production or… Read More »
Revised Model GST Law ( Nov 2016) Section 52 Revised Model GST Law ( Nov 2016) Utilization of the Fund (1) Any money credited to the Fund shall be utilised by the Central/State Government for the welfare of the consumers in accordance with such rules as that Government may make in this behalf. (2) The… Read More »
Revised Model GST Law ( Nov 2016) Section 51 Revised Model GST Law ( Nov 2016) Consumer Welfare Fund (1) There shall be established by the Central or a State Government a fund, to be called the Consumer Welfare Fund. (2) There shall be credited to the Fund, in such manner as may be prescribed,… Read More »
Revised Model GST Law ( Nov 2016) Section 50 Revised Model GST Law ( Nov 2016) Interest on delayed refunds If any tax ordered to be refunded under section 48 to any applicant is not refunded within sixty days from the date of receipt of application under sub-section (1) of that section, interest at such… Read More »
Revised Model GST Law ( Nov 2016) Section 49 Revised Model GST Law ( Nov 2016) Refund in certain cases The Central/State Government may, on the recommendation of the Council, by notification, specify any specialized agency of the United Nations Organization or any Multilateral Financial Institution and Organization notified under the United Nations (Privileges and… Read More »
Revised Model GST Law ( Nov 2016) Section 48 Revised Model GST Law ( Nov 2016) 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 in that regard to the proper officer of IGST/CGST/SGST… Read More »
Revised Model GST Law ( Nov 2016) Section 47 Revised Model GST Law ( Nov 2016) CHAPTER-X TRANSFER OF INPUT TAX CREDIT Transfer of input tax credit On utilization of input tax credit availed under the CGST Act for payment of tax dues under the IGST Act as per sub-section Error! Reference source not found.… Read More »