Section 19 Bihar GST Act 2017 [ Section 19 of Bihar GST Act 2017 explains Taking input tax credit in respect of inputs and capital goods sent for job work and is covered in Chapter V – Input Tax credit ] Taking input tax credit in respect of inputs and capital goods sent for job work.— 19. (1) The principal shall,… Read More »
Section 18 Bihar GST Act 2017 [ Section 18 of Bihar GST Act 2017 explains Availability of credit in special circumstances and is covered in Chapter V – Input Tax credit ] Availability of credit in special circumstances 18. (1) Subject to such conditions and restrictions as may be prescribed– (a) a person who has applied for registration under this Act… Read More »
Section 17 Bihar GST Act 2017 [ Section 17 of Bihar GST Act 2017 explains Apportionment of credit and blocked credits and is covered in Chapter V – Input Tax credit ] Apportionment of credit and blocked credits. — 17. (1) Where the goods or services or both are used by the registered person partly for the purpose of any… Read More »
Section 16 Bihar GST Act 2017 [ Section 16 of Bihar GST Act 2017 explains Eligibility and conditions for taking input tax credit and is covered in Chapter V – Input Tax credit ] Eligibility and conditions for taking input tax credit 16. (1) Every registered person shall, subject to such conditions and restrictions as may be prescribed and in… Read More »
Section 15 Bihar GST Act 2017 [ Section 15 of Bihar GST Act 2017 explains Value of taxable supply and is covered in Chapter IV – Time And Value Of Supply ] Value of taxable supply 15. (1) The value of a supply of goods or services or both shall be the transaction value, which is the price actually paid or payable… Read More »
Section 14 Bihar GST Act 2017 [ Section 14 of Bihar GST Act 2017 explains Change in rate of tax in respect of supply of goods or services and is covered in Chapter IV – Time And Value Of Supply ] Change in rate of tax in respect of supply of goods or services 14. Notwithstanding anything contained in section 12… Read More »
Section 13 Bihar GST Act 2017 [ Section 13 of Bihar GST Act 2017 explains Time of supply of services and is covered in Chapter IV – Time And Value Of Supply ] Time of supply of services 13. (1) The liability to pay tax on services shall arise at the time of supply, as determined in accordance with the provisions… Read More »
Section 12 Bihar GST Act 2017 [ Section 12 of Bihar GST Act 2017 explains Time of supply of goods and is covered in Chapter IV – Time And Value Of Supply ] Time of supply of goods 12. (1) The liability to pay tax on goods shall arise at the time of supply, as determined in accordance with the provisions… Read More »
Section 11 Bihar GST Act 2017 [ Section 11 of Bihar GST Act 2017 explains Power to grant exemption from tax and is covered in Chapter III –Levy And Collection of Tax ] Power to grant exemption from tax 11. (1) Where the Government is satisfied that it is necessary in the public interest so to do, it may, on… Read More »
Section 10 Bihar GST Act 2017 [ Section 10 of Bihar GST Act 2017 explains Composition levy and is covered in Chapter III –Levy And Collection of Tax ] Composition levy 10. (1) Notwithstanding any thing to the contrary contained in this Act but subject to the provisions of sub-sections (3) and (4) of section 9, a registered person, whose… Read More »