Revised Model GST Law ( Nov 2016) Section 46 Revised Model GST Law ( Nov 2016) Tax deduction at source (1) Notwithstanding anything contained to the contrary in this Act, the Central or a State Government may mandate, – (a) a department or establishment of the Central or State Government, or (b) Local authority, or… Read More »
Revised Model GST Law ( Nov 2016) Section 45 Revised Model GST Law ( Nov 2016) Interest on delayed payment of tax (1) Every person liable to pay tax in accordance with the provisions of the Act or rules made thereunder, who fails to pay the tax or any part thereof to the account of… Read More »
Revised Model GST Law ( Nov 2016) Section 44 Revised Model GST Law ( Nov 2016) CHAPTER-IX PAYMENT OF TAX Payment of tax, interest, penalty and other amounts (1) Every deposit made towards tax, interest, penalty, fee or any other amount by a taxable person by internet banking or by using credit/debit cards or National… Read More »
Revised Model GST Law ( Nov 2016) Section 43 Revised Model GST Law ( Nov 2016) Tax Return Preparers (1) The appropriate Government may, by rules, prescribe the manner of approval of Tax Return Preparers, their eligibility conditions, duties and obligations, manner of removal and such other conditions as may be relevant for their functioning… Read More »
Revised Model GST Law ( Nov 2016) Section 42 Revised Model GST Law ( Nov 2016) Levy of late fee (1) Any registered taxable person who fails to furnish the details of outward or inward supplies required under section 32 or section 33, as the case may be, or returns required under section 34 or… Read More »
Revised Model GST Law ( Nov 2016) Section 41 Revised Model GST Law ( Nov 2016) Notice to return defaulters Where a registered taxable person fails to furnish a return under section 34, section 39 or section 40, a notice shall be issued requiring him to furnish such return within fifteen days in such form… Read More »
Revised Model GST Law ( Nov 2016) Section 40 Revised Model GST Law ( Nov 2016) Final return Every registered taxable person who applies for cancellation of registration shall furnish a final return within three months of the date of cancellation or date of cancellation order, whichever is later, in such form and in such… Read More »
Revised Model GST Law ( Nov 2016) Section 39 Revised Model GST Law ( Nov 2016) Annual return (1) Every registered taxable person, other than an input service distributor, a person paying tax under section 46 or section 56, a casual taxable person and a nonresident taxable person, shall furnish an annual return for every… Read More »
Revised Model GST Law ( Nov 2016) Section 38 Revised Model GST Law ( Nov 2016) Matching, reversal and reclaim of reduction in output tax liability (1) The details of every credit note relating to outward supply furnished by a registered taxable person (hereinafter referred to in this section as the ‘supplier’) for a tax… Read More »
Revised Model GST Law ( Nov 2016) Section 37 Revised Model GST Law ( Nov 2016) Matching, reversal and reclaim of input tax credit (1) The details of every inward supply furnished by a registered taxable person (hereinafter referred to in this section as the ‘recipient’) for a tax period shall, in the manner and… Read More »