Section 49 Assam GST Act 2017 ( Section 49 Assam GST Act 2017 Explains Payment of tax, interest penalty and other amounts and is Covered in CHAPTER X PAYMENT OF TAX ) Payment of tax, interest penalty and other amounts 49. (1) Every deposit made towards tax, interest, penalty, foe or any other amount by a person by internet banking… Read More »
Section 48 Assam GST Act 2017 ( Section 48 Assam GST Act 2017 Explains Goods and services tax practitioners and is Covered in CHAPTER IX RETURNS ) Goods and services tax practitioners 48. (1) The manner of approval of goods and services tax practitioners, then eligibility conditions, duties and obligations, manner of removal and other conditions relevant for their functioning shall… Read More »
Section 47 Assam GST Act 2017 ( Section 47 Assam GST Act 2017 Explains Levy of late fee and is Covered in CHAPTER IX RETURNS ) Levy of late fee 47. (1) Any registered person who foils to furnish the details of outward or inward supplies required under section 37 or section 38 or returns required under section 39 or section… Read More »
Section 46 Assam GST Act 2017 ( Section 46 Assam GST Act 2017 Explains Notice to return defaulters and is Covered in CHAPTER IX RETURNS ) Notice to return defaulters 46. Where a registered person fails to furnish a return under section 39 or section 44 or section 45, a notice shall be issued requiring him to furnish such return within… Read More »
Section 45 Assam GST Act 2017 ( Section 45 Assam GST Act 2017 Explains Final return and is Covered in CHAPTER IX RETURNS ) Final return 45. Every registered person who is required to furnish a return under sub- section (1) of section 39 and whose registration has been cancelled shall furnish a final return within three months of the date… Read More »
Section 44 Assam GST Act 2017 ( Section 44 Assam GST Act 2017 Explains Annual returns and is Covered in CHAPTER IX RETURNS ) Annual returns 44. (1) Every registered person, other than an Input Service Distributor, a person paying tax under section 51 or section 52, a casual taxable person and a non-resident taxable person, shall furnish an annual return… Read More »
Section 43 Assam GST Act 2017 ( Section 43 Assam GST Act 2017 Explains Matching, reversal and reclaim of reduction in output tax liability and is Covered in CHAPTER IX RETURNS ) Matching, reversal and reclaim of reduction in output tax liability 43. (1) The details of every credit note relating to outward supply furnished by a registered person (hereafter in… Read More »
Section 42 Assam GST Act 2017 ( Section 42 Assam GST Act 2017 Explains Matching, reversal and reclaim of input tax credit and is Covered in CHAPTER IX RETURNS ) Matching, reversal and reclaim of input tax credit 42. (1) The details of every inward supply furnished by a registered person (hereafter in this section referred to as the “recipient”) for… Read More »
Section 41 Assam GST Act 2017 ( Section 41 Assam GST Act 2017 Explains Claim of input tax credit and provisional acceptance thereof and is Covered in CHAPTER IX RETURNS ) Claim of input tax credit and provisional acceptance thereof 41. (1) Every registered person shall, subject to such conditions and restrictions as may be prescribed, be entitled to take the… Read More »
Section 40 Assam GST Act 2017 ( Section 40 Assam GST Act 2017 Explains First Return and is Covered in CHAPTER IX RETURNS ) First Return 40. Every registered person who has made outward supplies in the period between the date on which he became liable to registration till the date on which registration has been granted shall declare the same… Read More »