Expert Knowledge, Straight from Practitioners.

Section 41 of CGST Act:provisional Claim of ITC (Updated till July 2024 )

Section 41 of CGST Act of the CGST Act as amended by the Finance Act 2023 Note: Section 41 of the CGST Act is amended retrospectively by Finance Act 2023 with retrospective effect from 1st July 2017. The amended portion is depicted with a different

Section 55 of CGST Act: refund in certain cases (updated till on July 2024)

Section 55 of CGST Act of the CGST Act as amended by the Finance Act 2023 Note: Section 55 of the CGST Act is amended retrospectively by Finance Act 2023 with retrospective effect from 1st July 2017. The amended portion is depicted with a different

Section 87 of CGST Act: Liability in case of Amalgamation or Merger of Companies (Updated till on July 2024)

Section 87 of CGST Act : Section 87 of CGST Act provide for the liability in case of amalgamation or merger of companies.It covers the liability for the supplies made to each other. “(1) When two or more companies are amalgamated or merged in pursuance

Section 76 of CGST Act: non payment of collected tax(Updated till July 2024)

Section 76 of CGST Act Section 76 of CGST Act provide for the consequences for the tax collected but not paid to the government. “(1) Notwithstanding anything to the contrary contained in any order or direction of any Appellate Authority or Appellate Tribunal or court

Section 86 of CGST Act: Liability of Agent and Principal (Updated till on July 2024)

Section 86 of CGST Act : Section 86 of CGST Act provide for the liability of agent and principal. “Where an agent supplies or receives any taxable goods on behalf of his principal, such agent and his principal shall, jointly and severally, be liable

Section 79 of CGST Act: Recovery of tax(Updated till July 2024)

Section 79 of CGST Act Section 79 of CGST Act provides for the recovery of tax in GST. (1) Where any amount payable by a person to the Government under any of the provisions of this Act or the rules made thereunder is not paid,

Section 43A of CGST Act :Procedure for furnishing return and availing input tax credit(Updated Till July 2024)

Section 43A of the CGST Act as amended by the Finance Act 2023 Note: Section 40 of the CGST Act is amended retrospectively by Finance Act 2023 with retrospective effect from 1st July 2017. The amended portion is depicted with a different color. Text On Section

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Section 56 of CGST Act: interest on delayed refund (updated till on July 2024)

Section 56 of CGST Act of the CGST Act as amended by the Finance Act 2023 Note: Section 56 of the CGST Act is amended retrospectively by Finance Act 2023 with retrospective effect from 1st July 2017. The amended portion is depicted with a different

Section 42 of CGST Act: Matching,reversal and reclaim of ITC (Updated Till July 2024)

Section 42 of the CGST Act as amended by the Finance Act 2023 Note: Section 42 of the CGST Act is amended retrospectively by Finance Act 2023 with retrospective effect from 1st July 2017. The amended portion is depicted with a different color. Section 42

Section 37 of CGST Act: outward supply details (updated till July 2024)

Section 37 of the CGST Act as amended by the Finance Act 2023 Note: Section 37 of the CGST Act is amended retrospectively by Finance Act 2023 with retrospective effect from 1st July 2017. The amended portion is depicted with a different color. Section 37

Section 51 of CGST Act: TDS in GST(Updated till July 2024)

Section 51 of CGST Act of the CGST Act as amended by the Finance Act 2023 Note: Section 47 of the CGST Act is amended retrospectively by Finance Act 2023 with retrospective effect from 1st July 2017. The amended portion is depicted with a different color.

Section 40 of CGST Act: First return (updated till July 2024)

Section 40 of the CGST Act as amended by the Finance Act 2023 Note: Section 40 of the CGST Act is amended retrospectively by Finance Act 2023 with retrospective effect from 1st July 2017. The amended portion is depicted with a different color. Section 40