THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 Removal of difficulties. 25. (1) If any difficulty arises in giving effect to any provision of this Act, the Government may, on the recommendations of the Council, by a general or a special order published in the Official Gazette, make such provisions not inconsistent with the provisions… Read More »
THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 Laying of rules, regulations and notifications. 24. Every rule made by the Government, every regulation made by the Board and every notification issued by the Government under this Act, shall be laid, as soon as may be, after it is made or issued, before each House of… Read More »
THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 Power to make regulations. 23. The Board may, by notification, make regulations consistent with this Act and the rules made thereunder to carry out the provisions of this Act.
THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 Power to make rules. 22. (1) The Government may, on the recommendations of the Council, by notification, make rules for carrying out the provisions of this Act. (2) Without prejudice to the generality of the provisions of sub-section (1), the Government may make rules for all or… Read More »
THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 Import of services made on or after the appointed day. 21. Import of services made on or after the appointed day shall be liable to tax under the provisions of this Act regardless of whether the transactions for such import of services had been initiated before the… Read More »
THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 CHAPTER IX MISCELLANEOUS Application of provisions of Central Goods and Services Tax Act. 20. Subject to the provisions of this Act and the rules made thereunder, the provisions of Central Goods and Services Tax Act relating to,–– (i) scope of supply; (ii) composite supply and mixed supply;… Read More »
THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 Tax wrongfully collected and paid to Central Government or State Government. 19. (1) A registered person who has paid integrated tax on a supply considered by him to be an inter-State supply, but which is subsequently held to be an… Read More »
THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 Transfer of input tax credit. 18. On utilisation of credit of integrated tax availed under this Act for payment of,–– (a) Central tax in accordance with the provisions of sub-section (5) of section49 of the Central Goods and Services Tax Act, the amount collected as integrated tax… Read More »
THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 CHAPTER VIII APPORTIONMENT OF TAX AND SETTLEMENT OF FUNDS Apportionment of tax and settlement of funds. 17. (1) Out of the integrated tax paid to the Central Government,–– (a) in respect of inter-State supply of goods or services or both to an unregistered person or to a… Read More »
THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 CHAPTER VII ZERO RATED SUPPLY Zero rated supply. 16. (1) “zero rated supply” means any of the following supplies of goods or services or both, namely:–– (a) export of goods or services or both; or (b) supply of goods or services or both to a Special Economic… Read More »