Revised Model GST Law ( Nov 2016) Section 195 Revised Model GST Law ( Nov 2016) Goods sent on approval basis returned on or after the appointed Day Where any goods sent on approval basis, not earlier than six months before the appointed day, are rejected or not approved by the buyer and returned to the… Read More »
Revised Model GST Law ( Nov 2016) Section 194 Revised Model GST Law ( Nov 2016) Treatment of branch transfers Notwithstanding anything to the contrary contained in this Act, any amount of input tax credit reversed prior to the appointed day shall not be admissible as credit of input tax under this Act. (Only in… Read More »
Revised Model GST Law ( Nov 2016) Section 193 Revised Model GST Law ( Nov 2016) Tax paid on capital goods lying with agents to be allowed as credit Where any capital goods belonging to the principal are lying at the premises of the agent on the appointed day, the agent shall be entitled to… Read More »
Revised Model GST Law ( Nov 2016) Section 192 Revised Model GST Law ( Nov 2016) Tax paid on goods lying with agents to be allowed as credit Where any goods belonging to the principal are lying at the premises of the agent on the appointed day, the agent shall be entitled to take credit… Read More »
Revised Model GST Law ( Nov 2016) Section 191 Revised Model GST Law ( Nov 2016) Provision for transfer of unutilized Cenvat Credit by taxable person having centralized registration under the earlier law Where a taxable person having centralized registration under the earlier law has obtained a registration under this Act, such person shall be allowed… Read More »
Revised Model GST Law ( Nov 2016) Section 190 Revised Model GST Law ( Nov 2016) Credit distribution of service tax by ISD Notwithstanding anything to the contrary contained in this Act, the input tax credit on account of any services received prior to the appointed day by an Input Service Distributor shall be eligible… Read More »
Revised Model GST Law ( Nov 2016) Section 189 Revised Model GST Law ( Nov 2016) Taxability of supply of goods in certain cases Notwithstanding anything contained in section 12 or 14, the tax in respect of the taxable goods shall be payable under the earlier law to the extent the point of taxation in… Read More »
Revised Model GST Law ( Nov 2016) Section 188 Revised Model GST Law ( Nov 2016) Taxability of supply of services in certain cases Notwithstanding anything contained in section 13 or 14, the tax in respect of the taxable services shall be payable under the earlier law to the extent the point of taxation in… Read More »
Revised Model GST Law ( Nov 2016) Section 187 Revised Model GST Law ( Nov 2016) Progressive or periodic supply of goods or services Notwithstanding anything contained in section 12 and 13, no tax shall be payable on the supply of goods and/or services made on or after the appointed day where the consideration, whether… Read More »
Revised Model GST Law ( Nov 2016) Section 186 Revised Model GST Law ( Nov 2016) Treatment of long term construction / works contracts The goods and/or services supplied on or after the appointed day in pursuance of a contract entered into prior to the appointed day shall be liable to tax under the provisions… Read More »