Deferment of GST levy till Time of Supply : ICAI seeks clarification

By | October 6, 2017
(Last Updated On: October 6, 2017)

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee

Law Related Issues

28. Deferment of levy till Time of Supply

Section 12(1) Section 13(1) of CGST Act provide that liability to pay CGST/ SGST shall arise
at the time of supply…….

Issue
The language employed appears to indicate that the levy is deferred till the time of supply.
Tax levied under section 9 appears to be suspended until time of supply determined as per
provisions of sections 12 & 13.

Suggestion
• It is suggested to clarify that the levy under section 9 would be final but the payment of
the levy would be deferred under time of supply under section 12. Alternatively, it may
be clarified that the levy under section 9 is complete only at the time of supply under
sections 12 & Section 13.
• Thus, section 12(1) & Section 13(1) may be reworded as “Tax levied under section 9 is payable
at the time of supply as determined in terms of the provisions of this section.”

 

Read Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee

Related Topic on GST 

TopicClick Link
GST Acts Central GST Act and States GST Acts
GST RulesGST Rules
 GST FormsGST Forms
GST RatesGST Rates
GST NotificationsGST Act Notifications
GST CircularsGST Circulars
 GST JudgmentsGST Judgments
GST Press ReleaseGST Press Release
GST BooksBest Books on GST in India
GST CommentaryTopic wise Commentary on GST Act of India
GST You Tube ChannelTaxHeal You Tube Channel
GST Online CourseJoin GST online Course
GST HistoryGST History and Background Material
Category: GST

About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com

Leave a Reply

Your email address will not be published. Required fields are marked *