Section 20 of Punjab GST Act 2017 ( Section 20 of Punjab GST Act 2017 explains Manner of distribution of credit by Input Service Distributor and is covered in CHAPTER V INPUT TAX CREDIT ) Manner of distribution of credit by Input Service Distributor. 20. (1) The Input Service Distributor shall distribute the credit of State tax as State… Read More »
Section 19 of Punjab GST Act 2017 ( Section 19 of Punjab GST Act 2017 explains Taking input tax credit in respect of inputs and capital goods sent for job work and is covered in CHAPTER V INPUT TAX CREDIT ) Taking input tax credit in respect of inputs and capital goods sent for job work. 19. (1) The… Read More »
Section 18 of Punjab GST Act 2017 ( Section 18 of Punjab GST Act 2017 explains Availability of credit in special circumstances and is covered in CHAPTER V INPUT TAX CREDIT ) Availability of credit in special circumstances. 18. (1) Subject to such conditions and restrictions as may be prescribed- (a) a person who has applied for registration under… Read More »
Section 16 of Punjab GST Act 2017 ( Section 16 of Punjab GST Act 2017 explains Eligibility and conditions for taking input tax credit and is covered in CHAPTER V INPUT TAX CREDIT ) Eligibility and conditions for taking input tax credit. 16. (1) Every registered person shall, subject to such conditions and restrictions as may be prescribed and… Read More »
Section 15 of Punjab GST Act 2017 ( Section 15 of Punjab GST Act 2017 explains Value of taxable supply and is covered in CHAPTER IV TIME AND VALUE OF SUPPLY ) Value of taxable supply. 15. (1) The value of a supply of goods or services or both shall be the transaction value, which is the price actually… Read More »
Section 14 of Punjab GST Act 2017 ( Section 14 of Punjab GST Act 2017 explains Change in rate of tax in respect of supply of goods or services and is covered in CHAPTER IV TIME AND VALUE OF SUPPLY ) Change in rate of tax in respect of supply of goods or services. 14. Notwithstanding anything contained in… Read More »
Section 13 of Punjab GST Act 2017 ( Section 13 of Punjab GST Act 2017 explains Time of supply of services and is covered in CHAPTER IV TIME AND VALUE OF SUPPLY ) Time of supply of services. 13. (1) The liability to pay tax on services shall arise at the time of supply, as determined in accordance with… Read More »
Section 11 of Punjab GST Act 2017 ( Section 11 of Punjab GST Act 2017 explains Power to grant exemption from tax and is covered in CHAPTER III LEVY AND COLLECTION OF TAX ) Power to grant exemption from tax. 11. (1) Where the Government is satisfied that it is necessary in the public interest so to do, it… Read More »
Section 10 of Punjab GST Act 2017 ( Section 10 of Punjab GST Act 2017 explains Composition levy and is covered in CHAPTER III LEVY AND COLLECTION OF TAX ) Composition levy. 10. (1) Notwithstanding anything to the contrary contained in this Act but subject to the provisions of sub-sections (3) and (4) of section 9, a registered person,… Read More »
Section 9 of Punjab GST Act 2017 ( Section 9 of Punjab GST Act 2017 explains Levy and collection and is covered in CHAPTER III LEVY AND COLLECTION OF TAX ) Levy and collection. 9. (1) Subject to the provisions of sub-section (2), there shall be levied a tax called the Punjab goods and services tax on all intra-State… Read More »