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Levy_Of_And_Exemption_From_Tax

Section 8 : Levy and Collection of Central/State Goods and Services Tax – Levy...

8. Levy and Collection of Central/State Goods and Services Tax (1) There shall be levied a tax called the Central/State Goods and Services Tax (CGST/SGST)...
Levy_Of_And_Exemption_From_Tax

Section 9 : Composition Levy – Levy Of, And Exemption From, Tax

9. Composition Levy (1) Notwithstanding anything to the contrary contained in the Act but subject to subsection(3) of section 8, on the recommendation of the...
Levy_Of_And_Exemption_From_Tax

Section 10 : Taxable person – Levy Of, And Exemption From, Tax

10.Taxable person (1) Taxable Person means a person who is registered or liable to be registered under Schedule V of this Act. (2) A person who...
Levy_Of_And_Exemption_From_Tax

Section 11 : Power to grant exemption from tax – Levy Of, And Exemption...

11. Power to grant exemption from tax (1) If the Central or a State Government is satisfied that it is necessary in the public interest...
Time_And_Value_Of_Supply

Section 12 : Time of supply of goods – Time And Value Of Supply

12.Time of supply of goods (1) The liability to pay CGST / SGST on the goods shall arise at the time of supply as determined...
Time_And_Value_Of_Supply

Section 13 : Time of supply of services – Time And Value Of Supply

13.Time of supply of services (1) The liability to pay CGST/SGST on services shall arise at the time of supply, as determined in terms of...
Time_And_Value_Of_Supply

Section 14 : Change in rate of tax in respect of supply of goods...

14.Change in rate of tax in respect of supply of goods or services Notwithstanding anything contained in section 12 or section 13, the time of...
Time_And_Value_Of_Supply

Section 15 : Value of taxable supply – Time And Value Of Supply

15.Value of taxable supply (1) The value of a supply of goods and/or services shall be the transaction value, that is the price actually paid...
Input_Tax_Credit

Section 16 : Eligibility and conditions for taking input tax credit – Input Tax...

16. Eligibility and conditions for taking input tax credit (1) Every registered taxable person shall, subject to such conditions and restrictions as may be prescribed...
Input_Tax_Credit

Section 17 : Apportionment of credit and blocked credits – Input Tax Credit

17. Apportionment of credit and blocked credits (1) Where the goods and/or services are used by the registered taxable person partly for the purpose of...

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