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Central Board of Indirect Taxes & Customs केंद्रीय अप्रत्यक्ष कर एवं सीमा शुल्क बोर्ड Tax Information Portal
Ad hoc Exemption Order No. 5/2021-Customs. G.S.R. (E)…- In exercise of the powers conferred by sub-section (2) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, under exceptional circumstances prevailing due to the COVID-19 pandemic, on being satisfied that it is necessary in the public interest so to do, hereby makes the following amendment in the ad hoc exemption order of the Government of India, in the Ministry of Finance (Department of Revenue), No. 4/ ...
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*Section 16. Eligibility and conditions for taking input tax credit.-(1) Every registered person shall, subject to such conditions and restrictions as may be prescribed and in the manner specified in section 49, be entitled to take credit of input tax charged on any supply of goods or services or both to him which are used or intended to be used in the course or furtherance of his business and the said amount shall be credited to the electronic credit ledger of such person.
Rule 86. Electronic Credit Ledger.-(1) The electronic credit ledger shall be maintained in FORM GST PMT-02 for each registered person eligible for input tax credit under the Act on the common portal and every claim of input tax credit under the Act shall be credited to the said ledger. (2) The electronic credit ledger shall be debited to the extent of discharge of any liability in accordance with the provisions of section 49 1 [or section 49A or section 49B]. (3) Where a registered person ...
A webpage that provides information on the levy and collection of tax on inter-State supply of goods or services.