Model IGST Law [ Nov 2016] THE INTEGRATED GOODS AND SERVICES TAX ACT, 2016 Section 21 Model IGST Law [ Nov 2016] CHAPTER– X TRANSITIONAL PROVISIONS Import of services or inter-State supply of goods and/or services made on or after the appointed day Notwithstanding anything contained in section 12 and 13 of the CGST Act, 2016 import… Read More »
Model IGST Law [ Nov 2016] THE INTEGRATED GOODS AND SERVICES TAX ACT, 2016 Section 20 Model IGST Law [ Nov 2016] Refund of IGST paid on supply of goods to outbound tourist (1) The IGST paid on any supply of goods to outbound tourist shall be refunded, in the manner and subject to such conditions… Read More »
Model IGST Law [ Nov 2016] THE INTEGRATED GOODS AND SERVICES TAX ACT, 2016 Section 19 Model IGST Law [ Nov 2016] Tax wrongfully collected and deposited with the Central or a State Government (1) A taxable person who has paid IGST on a supply considered by him to be an inter-state supply, but which is subsequently… Read More »
Model IGST Law [ Nov 2016] THE INTEGRATED GOODS AND SERVICES TAX ACT, 2016 Section 18 Model IGST Law [ Nov 2016] Power to make rules (1) The Central Government may, on the recommendation of the Council, by notification, make rules for carrying out the purposes of this Act. (2) In particular and without prejudice to… Read More »
Model IGST Law [ Nov 2016] THE INTEGRATED GOODS AND SERVICES TAX ACT, 2016 Section 17 Model IGST Law [ Nov 2016] CHAPTER– IX MISCELLANEOUS Application of certain provisions of the CGST Act, 2016 The provisions relating to registration, valuation, time of supply of goods, time of supply of services, change in rate of tax in… Read More »
Model IGST Law [ Nov 2016] THE INTEGRATED GOODS AND SERVICES TAX ACT, 2016 Section 16 Model IGST Law [ Nov 2016] Chapter VIII ZERO RATED SUPPLY Zero rated supply (1) “zero rated supply” means any of the following taxable supply of goods and/or services, namely – (a) export of goods and/or services; or (b) supply… Read More »
Model IGST Law [ Nov 2016] THE INTEGRATED GOODS AND SERVICES TAX ACT, 2016 Section 15 Model IGST Law [ Nov 2016] CHAPTER- VII APPORTIONMENT OF TAX AND SETTLEMENT OF FUNDS Apportionment of tax collected under the Act and settlement of funds (1) Out of the IGST paid to the Central Government in respect of inter-State… Read More »
Model IGST Law [ Nov 2016] THE INTEGRATED GOODS AND SERVICES TAX ACT, 2016 Section 14 Model IGST Law [ Nov 2016] Transfer of input tax credit (1) On utilization of input tax credit availed under this Act for payment of tax dues under the CGST Act as per sub-section (5) of section 11, the amount… Read More »
Model IGST Law [ Nov 2016] THE INTEGRATED GOODS AND SERVICES TAX ACT, 2016 Section 13 Model IGST Law [ Nov 2016] CHAPTER– VI INPUT TAX CREDIT Claim of input tax credit, provisional acceptance, matching, reversal and reclaim of input tax credit or reduction in output tax liability (1) Every registered taxable person shall, subject to such… Read More »
Model IGST Law [ Nov 2016] THE INTEGRATED GOODS AND SERVICES TAX ACT, 2016 Section 12 Model IGST Law [ Nov 2016] Special provision for payment of tax by a supplier of online information and database access or retrieval services located outside India to specified person in the taxable territory (1) On supply of online information and… Read More »