Section 60 Karnataka GST Act 2017 [ Section 60 Karnataka 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 thereto, he may… Read More »
Section 59 Karnataka GST Act 2017 [ Section 59 Karnataka 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. Karnataka GST Act 2017 Karnataka GST Rules 2017 Karnataka GST Notifications Karnataka… Read More »
Section 58 Karnataka GST Act 2017 [ Section 58 Karnataka 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 the… Read More »
Section 57 Karnataka GST Act 2017 [ Section 57 Karnataka 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 section… Read More »
Section 56 Karnataka GST Act 2017 [ Section 56 Karnataka 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 application… Read More »
Section 55 Karnataka GST Act 2017 [ Section 55 Karnataka 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 under… Read More »
Section 54 Karnataka GST Act 2017 [ Section 54 Karnataka 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 of… Read More »
Section 53 Karnataka GST Act 2017 [ Section 53 Karnataka 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 in accordance… Read More »
Section 52 Karnataka GST Act 2017 [ Section 52 Karnataka 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 anything to the contrary contained in this Act, every electronic commerce operator (hereafter in this section referred to as the “operator”), not being… Read More »
Section 51 Karnataka GST Act 2017 [ Section 51 Karnataka 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; or… Read More »