Conditions & Restrictions for Composition Levy Rule 3 of draft GST Composition Rules deals with Conditions and Restrictions for composition levy. Rule 3(1)(b), (c), (d) & (g) thereof requires a person opting for composition scheme to comply with the following conditions: b) …………………. c) the goods held in stock by him have not been… Read More »
Intimation of Composition Levy Rule 1(1) of draft GST Composition Rules provide that any person who has been granted registration on a provisional basis under sub-rule (1) of rule Registration.16 and who opts to pay tax under Section 10, shall electronically file an intimation in FORM GST CMP-01, duly signed, on the Common Portal, either… Read More »
Conditions and restriction in respect of inputs and capital goods sent to the job worker If the inputs or capital goods are not returned to the principal within the time stipulated in Section 143, the challan issued under sub-rule (1) shall be deemed to be an invoice for the purposes of this Act. [ Read… Read More »
Rule 4 Cenvat Credit Rules 2004 Conditions for allowing CENVAT credit. 4 . (1) The CENVAT credit in respect of inputs may be taken immediately on receipt of the inputs in the factory of the manufacturer or in the premises of the provider of output service 54a[or in the premises of the job worker, in… Read More »
Manner of reversal of credit under special circumstances Rule 9(1) of draft GST ITC Rules provides that amount of input tax credit, relating to inputs lying in stock, inputs contained in semi- finished and finished goods lying in stock, and capital goods lying in stock, for the purposes of sub-section (4) of Section 18 or sub-section… Read More »
Manner of determination of input tax credit in respect of capital goods and reversal thereof in certain cases Rule 8(1) of draft GST ITC Rules clause c,d & e provides as follows: (c) the amount of input tax in respect of capital goods not covered under clauses (a) and (b), denoted as ‘A’, shall be… Read More »
Section 85 Rajashtan GST Act 2017 Section 85 Rajashtan GST Act 2017 explains Liability in case of transfer of business and is covered in Chapter XVI Liability To Pay In Certain Cases ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017 make a provision for levy… Read More »
Section 84 Rajashtan GST Act 2017 Section 84 Rajashtan GST Act 2017 explains Continuation and validation of certain recovery proceedings and is covered in Chapter XV Demands And Recovery ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017 make a provision for levy and collection of tax… Read More »
Section 83 Rajashtan GST Act 2017 Section 83 Rajashtan GST Act 2017 explains Provisional attachment to protect revenue in certain cases and is covered in Chapter XV Demands And Recovery ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017 make a provision for levy and collection of… Read More »
Section 82 Rajashtan GST Act 2017 Section 82 Rajashtan GST Act 2017 explains Tax to be first charge on property and is covered in Chapter XV Demands And Recovery ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017 make a provision for levy and collection of tax… Read More »