Section 59 Bihar GST Act 2017 [ Section 59 of Bihar GST Act 2017 explains Self-assessment and is covered in Chapter XII – Assessment] Self-assessment 59. Every registered person shall self-assess the taxes payable under this Act and furnish a return for each tax period as specified under section 39. Read Complete Bihar GST Act 2017 Bihar GST… Read More »
Section 58 Bihar GST Act 2017 [ Section 58 of Bihar GST Act 2017 explains Utilisation of Fund and is covered in Chapter XI – Refunds ] 58. Utilisation of Fund. (1) All sums credited to the Fund shall be utilised by the Government for the welfare of the consumers in such manner as may be prescribed. (2) The Government… Read More »
Section 57 Bihar GST Act 2017 [ Section 57 of Bihar GST Act 2017 explains Consumer Welfare Fund and is covered in Chapter XI – Refunds ] 57. Consumer Welfare Fund. The Government shall constitute a Fund, to be called the Consumer Welfare Fund and there shall be credited to the Fund,– (a) the amount referred to in sub-section (5)… Read More »
Section 56 Bihar GST Act 2017 [ Section 56 of Bihar GST Act 2017 explains Interest on delayed refunds and is covered in Chapter XI – Refunds ] Interest on delayed refunds 56. If any tax ordered to be refunded under sub-section (5) of section 54 to any applicant is not refunded with in sixty days from the date of… Read More »
Section 55 Bihar GST Act 2017 [ Section 55 of Bihar GST Act 2017 explains Refund in certain cases and is covered in Chapter XI – Refunds ] Refund in certain cases 55. The Government may, on the recommendations of the Council, by notification, specify any specialized agency of the United Nations Organization or any Multilateral Financial Institution and Organization notified… Read More »
Section 54 Bihar GST Act 2017 [ Section 54 of Bihar GST Act 2017 explains Refund of tax and is covered in Chapter XI – Refunds ] Refund of tax 54. (1) Any person claiming refund of any tax and interest, if any, paid on such tax or any other amount paid by him, may make an application before… Read More »
Section 53 Bihar GST Act 2017 [ Section 53 of Bihar GST Act 2017 explains Transfer of input tax credit and is covered in Chapter X – Payment of Tax ] Transfer of input tax credit 53. On utilisation of input tax credit availed under this Act for payment of tax dues under the Integrated Goods and Services Tax Act… Read More »
Section 52 Bihar GST Act 2017 [ Section 52 of Bihar GST Act 2017 explains Collection of tax at source and is covered in Chapter X – Payment of Tax ] Collection of tax at source 52. (1) Notwithstanding any thing to the contrary contained in this Act, every electronic commerce operator (here after in this section referred to as… Read More »
Section 51 Bihar GST Act 2017 [ Section 51 of Bihar GST Act 2017 explains Tax deduction at source and is covered in Chapter X – Payment of Tax ] Tax deduction at source 51. (1) Notwithstanding anything to the contrary contained in this Act, the Government may mandate,- (a) a department or establishment of the Central Government or State Government;… Read More »
Section 50 Bihar GST Act 2017 [ Section 50 of Bihar GST Act 2017 explains Interest on delayed payment of tax and is covered in Chapter X – Payment of Tax ] Interest on delayed payment of tax 50. (1) Every person who is liable to pay tax in accordance with the provisions of this Act or the rules made thereunder,… Read More »