Search results
A. Levy and Collection of GST Under CGST Act. (Section 9) 1. Levy of central goods and service tax [Section 9 (1)]: Under CGST Act, central tax called as the central goods and services tax (CGST) shall be levied on all intra-State supplies of goods or services or both, except on the supply of alcoholic liquor for human consumption.
May 20, 2020 · The charging section (Section 9 of CGST Act, 2017, Levy and collection of GST) is the most important section in any law for levy (impose) and collection (payment) of taxes. The very basic for the charge of tax in any taxing statute is taxable event.
Sep 8, 2020 · Centre and States will simultaneously levy GST on every supply of goods or services or both which, takes place within a State or Union Territory. Thus, there shall be two components of GST: (i) Central tax (CGST) (Levied & collected under the authority of CGST Act, 2017 passed by the Parliament)
GST is normally payable by the supplier of goods or services. However when the same is payable by the recipient of goods/services, it is called reverse charge.
Jun 2, 2020 · (1) Subject to the provisions of sub-section (2), there shall be levied a tax called the central goods and services tax on all intra-State supplies of goods or services or both, except on the supply of alcoholic liquor for human consumption, on the value determined under section15 and at such rates, not exceeding twenty per cent., as may be noti...
The levy and collection of GST are done through two components, Central GST and State GST, and Integrated GST in inter-state transactions. GST is levied on the taxable value of goods and services, including transaction value, taxes, duties, and other charges.
Oct 1, 2022 · Read the detailed concepts of levy and collection of Tax under GST in India. This article also the application of GST in different scenarios.
