Webbenefits under section 147 of CGST Act, 2024 – reg. In accordance with the decisions taken by the GST Council in its 22. nd . meeting held on 06.10.2024 at New Delhi to resolve certain difficulties being faced by exporters post-GST, it has been decided that supplies of goods by a registered person to EOUs etc. would Web1 Section 15 – Value of Taxable Supply CGST ACT 2024 2 (1) The value of a supply of goods or services or both shall be the transaction value, which is the price actually paid or …
18% GST payable on Civil contract services to IIT Madras
Web5 Jul 2024 · Section 9 of the CGST Act 2024 is the foundation of the GST regime, governing the levy and collection of CGST on intra-state supplies of goods and services. It establishes the tax’s applicability, rates, composition levy, reverse charge mechanism, and provisions for e-commerce operators. Note: The CGST Act 2024 has been notified vide GOI ... Web22 hours ago · 8.2 As per Section 5(1) of IGST Act, 2024, ‘subject to the provisions of sub-section (2), there shall be levied a tax called the integrated goods and services tax on all inter-State supplies of goods or services or both, except on the supply of alcoholic liquor for human consumption, on the value determined under section 15 of the Central ... mary paxton facebook
Value of Taxable Supply Section 15 of CGST Act - GSTZen
Web30 Jun 2024 · (2) Where the Commissioner, or an officer authorised by him in this behalf, considers that the information furnished in the information return is defective, he may intimate the defect to the person who has furnished such information return and give him an opportunity of rectifying the defect within a period of thirty days from the date of such … Web30 Aug 2024 · 2. Amendments made vide Section 2 of the IGST (Amendment) Act, 2024: GOI Notification dt. 30/08/2024, followed with CBIC Notification on commencement date of 01/02/2024 vide Notification 1/2024 Integrated Tax dt. 29/01/2024:. a) Section 2(6): The text ‘or in Indian rupees wherever permitted by the Reserve Bank of India’ inserted in clause … Web20 hours ago · The GST Act’s section 15 provisions do not mandate valuation based on visual estimation Fact and issue of the case. ... summons on 29.09.2024 and the petitioner was called upon to produce the records relating to the purchase for the year 2024-18 and 2024-19. The petitioner was once again issued summons under Section 70 of the Act on … hutao support team