CHAPTER— REGISTRATION Draft GST Registration Rules Released on 31.03.2017 by CBEC 1. Application for registration (1) Every person (other than a non-resident taxable person, a person supplying online information and data base access or retrieval services from a place outside India to a non-taxable online recipient referred to in section 14 of the Integrated Goods… Read More »
Draft GST Refund Rules Released by CBEC in March 2017 Chapter – Refund 1. Application for refund of tax, interest, penalty, fees or any other amount (1) Any person, except the persons covered by notification issued under section 55, claiming refund of any tax, interest, penalty, fees or any other amount paid by him, may… Read More »
Chapter- –Payment of Tax Rules Draft GST Payment of Tax Rules – Released on 31.03.2017 by CBEC 1. Electronic Tax Liability Register (1) The electronic tax liability register specified under sub-section (7) of section 49 shall be maintained in FORM GST PMT-01 for each person liable to pay tax, interest, penalty, late fee or any… Read More »
Draft GST Tax Invoice Rules Draft GST Tax Invoice Rules , Credit and Debit Notes Rules released by CBEC on 31.03.2017 Chapter – Tax Invoice Rules, Credit and Debit Notes 1. Tax invoice Subject to rule 7, a tax invoice referred to in section 31 shall be issued by the registered person contaning the following particulars:-… Read More »
CHAPTER—-Input Tax Credit 1. Documentary requirements and conditions for claiming input tax credit (1) The input tax credit shall be availed by a registered person, including the Input Service Distributor, on the basis of any of the following documents, namely:- (a) an invoice issued by the supplier of goods or services or both in accordance… Read More »
Draft GST Transition Rules as Released on 31.03.2017 by CBEC CHAPTER – TRANSITIONAL PROVISIONS 1. Application in respect of tax or duty credit carried forward under any existing law or on goods held in stock on the appointed day (1) Every registered person entitled to take credit of input tax under section 140 shall, within… Read More »
Chapter ___ Determination of Value of Supply 1. Value of supply of goods or services where the consideration is not wholly in money Where the supply of goods or services is for a consideration not wholly in money, the value of the supply shall, (a) be the open market value of such supply; (b) if… Read More »
MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 7th April, 2017/Chaitra 17, 1939 (Saka) The following Act of Parliament received the assent of the President on the 7th April, 2017, and is hereby published for general information:— THE MENTAL HEALTHCARE ACT, 2017 NO. 10 OF 2017 [7th April, 2017.] An Act to provide… Read More »
THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 CHAPTER I PRELIMINARY Short title, extent and commencement. 1. (1) This Act may be called the Integrated Goods and Services Tax Act, 2017. (2) It shall extend to the whole of India except the State of Jammu and Kashmir. (3) It shall come into force on such… Read More »
THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 —————— ARRANGEMENT OF CLAUSES —————— CLAUSES CHAPTER I PRELIMINARY 1. Short title, extent and commencement. 2. Definitions. CHAPTER II ADMINISTRATION 3. Appointment of officers. 4. Authorisation of officers of State tax or Union territory tax as proper officer in certain circumstances. CHAPTER III LEVY AND COLLECTION OF… Read More »