Download CGST Act with amendments till date
CGST Act with amendments till date:
Two CGST Amendment Acts have been passed by parliament. It was become hard to handle all those amendments. Our team has incorporated all those changes into the bare Act. Please download the CGST Act with all amendments till date. It will include the following amendments.
- CGST Amendment Act 2017.
- CGST Amendment Act 2018.
- Changes proposed by finance bill 2019
- ROD’s issues by CBIC and incorporated into the CGST Act.
The following chapters as amended are included here.
Chapter I: PRELIMINARY
The main modifications were in the definition of Services, adjudicating authority, business. The definition of business segment is removed from CGST Act.
Chapter II: ADMINISTRATION
No major changes are made in this part.
Chapter III: LEVY AND COLLECTION OF TAX
The definition of supply is changed retrospectively. Now schedule II is only for deciding the nature of supply.
Chapter IV: TIME AND VALUE OF SUPPLY
A minor change is there in time of supply of goods and services. Earlier it mentioned section 31(1). Now that (1) is removed.
Chapter V: INPUT TAX CREDIT
Section 16: Now the provision of constructive delivery of services is also inserted.
Section 17(3): It is specifically mentioned that the transaction mentioned in schedule III will not form part of the exempted supply.
Section 17(5): Provision related to blockage of ITC on the motor vehicle are revamped. Now they are much simple. Ambiguity related to insurance, maintenance, and repair of the motor vehicle is removed.
Chapter VI: REGISTRATION
Some minor changes are there in sections 22 and 24.
Chapter VII: TAX INVOICE, CREDIT, AND DEBIT NOTES
Now one credit note for various invoices and vice versa is possible.
Chapter VIII: ACCOUNTS AND RECORDS
No major changes are there.
Chapter IX: RETURNS
The new scheme of return will be introduced soon. No major changes are there.
Chapter X: PAYMENT OF TAX
Chapter XI: REFUNDS
Chapter XII: ASSESSMENT
Chapter XIII: AUDIT
Chapter XIV: INSPECTION, SEARCH, SEIZURE, AND ARREST
Chapter XV: DEMANDS AND RECOVERY
Chapter XVI: LIABILITY TO PAY IN CERTAIN CASES
Chapter XVII: ADVANCE RULING
Chapter XVIII: APPEALS AND REVISION
Chapter XIX: OFFENCES AND PENALTIES
Chapter XX: TRANSITIONAL PROVISIONS
Chapter XXI: MISCELLANEOUS
You can download this PDF. It will be really helpful to get all the changes at one place.
Recieve the most important tips and updates
Absolutely Free! Unsubscribe anytime.
We adhere 100% to the no-spam policy.