Section 23 of Goa GST Act 2017 [ Section 23 of Goa GST Act 2017 explains Persons not liable for registration and is covered in CHAPTER VI : REGISTRATION] Persons not liable for registration. 23. (1) The following persons shall not be liable to registration, namely:–– (a) any person engaged exclusively in the business of supplying goods or services or both… Read More »
Section 20 of Goa GST Act 2017 [ Section 20 of Goa 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 tax or… Read More »
Section 19 of Goa GST Act 2017 [ Section 19 of Goa 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 principal shall,… Read More »
Section 18 of Goa GST Act 2017 [ Section 18 of Goa 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 this Act… Read More »
Section 17 of Goa GST Act 2017 [ Section 17 of Goa GST Act 2017 explains Apportionment of credit and blocked credits and is covered in CHAPTER V : INPUT TAX CREDIT ] Apportionment of credit and blocked credits . 17. (1) Where the goods or services or both are used by the registered person partly for the purpose of any business and… Read More »
Section 16 of Goa GST Act 2017 [ Section 16 of Goa 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 in the… Read More »
Section 15 of Goa GST Act 2017 [ Section 15 of Goa 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 paid or… Read More »
Section 14 of Goa GST Act 2017 [ Section 14 of Goa 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 section 12… Read More »
Section 13 of Goa GST Act 2017 [ Section 13 of Goa 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 the provisions… Read More »
Section 22 of Goa GST Act 2017 [ Section 22 of Goa GST Act 2017 explains Persons liable for registration and is covered in CHAPTER VI : REGISTRATION] Persons liable for registration . 22. (1) Every supplier making a taxable supply of goods or services or both in the State shall be liable to be registered under this Act if his aggregate… Read More »