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 »
Model IGST Law [ Nov 2016] THE INTEGRATED GOODS AND SERVICES TAX ACT, 2016 Section 11 Model IGST Law [ Nov 2016] 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… Read More »
Model IGST Law [ Nov 2016] THE INTEGRATED GOODS AND SERVICES TAX ACT, 2016 Section 10 Model IGST Law [ Nov 2016] Place of supply of services where the location of the supplier or the location of the recipient is outside India (1) The provisions of this section shall apply to determine the place of supply of… Read More »
Model IGST Law [ Nov 2016] THE INTEGRATED GOODS AND SERVICES TAX ACT, 2016 Section 9 Model IGST Law [ Nov 2016] Place of supply of services where the location of supplier of service and the location of the recipient of service is in India (1) The provisions of this section shall apply to determine the place… Read More »
Model IGST Law [ Nov 2016] THE INTEGRATED GOODS AND SERVICES TAX ACT, 2016 Section 8 Model IGST Law [ Nov 2016] Place of supply of goods imported into, or exported from India (1) The place of supply of goods imported into India shall be the location of the importer. (2) The place of supply of… Read More »
Model IGST Law [ Nov 2016] THE INTEGRATED GOODS AND SERVICES TAX ACT, 2016 Section 7 Model IGST Law [ Nov 2016] CHAPTER– IV PLACE OF SUPPLY OF GOODS AND/OR SERVICES Place of supply of goods other than supply of goods imported into, or exported from India (1) The provisions of this section shall apply to determine… Read More »