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Note: This updated version of the Rules as amended upto 30th December, 2017 has been prepared for convenience and easy reference of the trade and industry and has no legal binding or force.
Central Goods and Services Tax (CGST) Rules, 2017 Part – A (Rules) Notified vide Notification No. 3/2017-Central Tax (Dated 19th June 2017) and further as amended by Notification No. 7/2017-Central Tax (Dated 27th June 2017), Notification No. 10/2017-Central Tax (Dated 28th
In these rules, unless the context otherwise requires, - (a) "Act" means the Central Goods and Services Tax Act, 2017 (12 of 2017 ); (b) "Form" means a Form appended to these rules;
Central Goods and Services Tax (CGST) Rules, 2017 Part – A (Rules) Notified vide Notification No. 3 /2017-Central Tax (Dated 19th June 2017) and further as amended by Notification No. 7/2017-Central Tax (Dated 27th June 2017), Notification No. 10/2017-Central Tax (Dated 28th June 2017),
May 13, 2024 · Persons registered in terms of Rule 14 of CGST Rules (OIDAR) The taxpayers must comply with e-invoicing in FY and onwards if their e invoice limit or turnover exceeds the specified limit in any preceding financial year.
May 24, 2024 · CGST Circular No. 98/17/2019 was issued on 23 April 2019 has clarified the order of ITC utilisation for each tax head. It further stated that until the Rule 88A of the CGST Rules was implemented on the GST portal, taxpayers had to follow the facility available on the GST portal up to July 2019.
Thereafter, there has been a constant endeavor for the introduction of the GST in the country whose culmination has been the introduction of the Constitution (122nd Amendment) Bill in December, 2014.
2 days ago · To businesses and taxpayers operating within the Indian GST framework, it is important to understand the differences between CGST and SGST. The central government imposes CGST on domestic transactions, while state governments impose SGST on the same transactions. Under the GST, both these taxes are harmonized so that tax administration can be ...
5 days ago · Biometric authentication requirement According to the provisions of Sub-rule 4A of Rule 8 of the CGST Rules, 2017, applicants for GST registration must now undergo biometric authentication. This process includes in-person verification before the granting of registration. The decision to apply biometric verification is based on data analytics and risk parameters identified by the authorities.
Apr 18, 2024 · Rule 28 of the CGST Rules, 2017 specifies the determination of the value of supply of goods or services or both between distinct or related persons, other than through an agent. Its sub-rule 2 states that the value of supply of services by a supplier to a recipient who is a related person, by way of providing a corporate guarantee to any banking company or financial institution on behalf of the said recipient, shall be deemed to be one percent of the amount of such guarantee offered, or the ...
