Section 49 of Punjab GST Act 2017 ( Section 49 of Punjab 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, fee or any other amount by a person… Read More »
Section 48 of Punjab GST Act 2017 ( Section 48 of Punjab 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, their eligibility conditions, duties and obligations, manner of removal and other conditions relevant… Read More »
Section 47 of Punjab GST Act 2017 ( Section 47 of Punjab 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 fails to furnish the details of outward or inward supplies required under section 37 or section 38 or returns required under… Read More »
Section 46 of Punjab GST Act 2017 ( Section 46 of Punjab 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… Read More »
Section 45 of Punjab GST Act 2017 ( Section 45 of Punjab 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… Read More »
Section 44 of Punjab GST Act 2017 ( Section 44 of Punjab GST Act 2017 explains Annual return and is covered in CHAPTER IX RETURNS) Annual return. 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… Read More »
Section 43 of Punjab GST Act 2017 ( Section 43 of Punjab 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… Read More »
Section 42 of Punjab GST Act 2017 ( Section 42 of Punjab 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… Read More »
Section 41 of Punjab GST Act 2017 ( Section 41 of Punjab 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… Read More »
Section 40 of Punjab GST Act 2017 ( Section 40 of Punjab 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… Read More »