Monthly Archives: January 2018

Section 59 of Punjab GST Act 2017 : Self-assessment.

By | January 31, 2018

Section 59 of Punjab GST Act 2017 ( Section 59 of Punjab 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. Punjab GST Act 2017 Punjab GST Rules 2017… Read More »

Section 57 of Punjab GST Act 2017 : Consumer Welfare Fund.

By | January 31, 2018

Section 57 of Punjab GST Act 2017 ( Section 57 of Punjab 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… Read More »

Section 56 of Punjab GST Act 2017 : Interest on delayed refunds.

By | January 31, 2018

Section 56 of Punjab GST Act 2017 ( Section 56 of Punjab 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… Read More »

Section 55 of Punjab GST Act 2017 : Refund in certain cases.

By | January 31, 2018

Section 55 of Punjab GST Act 2017 ( Section 55 of Punjab 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… Read More »

Section 53 of Punjab GST Act 2017 : Transfer of input tax credit.

By | January 31, 2018

Section 53 of Punjab GST Act 2017 ( Section 53 of Punjab 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… Read More »

Section 52 of Punjab GST Act 2017 : Collection of tax at source.

By | January 31, 2018

Section 52 of Punjab GST Act 2017 ( Section 52 of Punjab 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… Read More »

Section 51 of Punjab GST Act 2017 : Tax deduction at source.

By | January 31, 2018

Section 51 of Punjab GST Act 2017 ( Section 51 of Punjab 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… Read More »