Daily Archives: July 11, 2017

Section 60 Odisha GST Act 2017 [ Section 60  Odisha GST Act 2017  explains Provisional assessment  and is covered in Chapter XII : Assessment ] Provisional assessment 60. (1) Subject to the provisions of sub-section (2), where the taxable person is unable to determine the value of goods or services or both or determine the rate of tax applicable… Read More »

Section 59 Odisha GST Act 2017 [ Section 59 Odisha 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 Odisha GST Act 2017 Odisha GST Act… Read More »

Section 58 Odisha GST Act 2017 [ Section 58 Odisha GST Act 2017  explains Utilisation of Fund  and is covered in Chapter XI : Refunds  ] Utilisation of Fund 58. (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 or… Read More »

Section 57 Odisha GST Act 2017 [ Section 57 Odisha GST Act 2017  explains Consumer Welfare Fund  and is covered in Chapter XI : Refunds  ] Consumer Welfare Fund 57. 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) of… Read More »

Section 56 Odisha GST Act 2017 [ Section 56 Odisha 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 within sixty days from the date of receipt of… Read More »

Section 55 Odisha GST Act 2017 [ Section 55 Odisha 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 Odisha GST Act 2017 [ Section 54 Odisha 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 the expiry… Read More »