The Central Goods and Services Act, 2017 (CGST Act) Section 62 – Assessment of non-filers of returns (1) Notwithstanding anything to the contrary contained in section 73 or section 74 where a registered person fails to furnish the return under section 39 or section 45 even after the service of a notice under section 46
The Central Goods and Services Act, 2017 (CGST Act) Section 61 – Scrutiny of returns (1) The proper officer may scrutinize the return and related particulars furnished by the registered person to verify the correctness of the return and inform him of the discrepancies noticed, if any, in such manner as may be prescribed and
The Central Goods and Services Act, 2017 (CGST Act) Section 60 – Provisional assessment (1) Subject to the provisions of sub-section (2) where the taxable person is unable to determine the value of goods or services or both or determine the rate of tax applicable thereto, he may request the proper officer in writing giving
The Central Goods and Services Act, 2017 (CGST Act) Section 59 – Self-assessment Every registered person shall self-assess the taxes payable under this Act and furnish a return for each tax period as specified under section 39. Complete:the-gst-act-section
The Central Goods and Services Act, 2017 (CGST Act) Section 58 – Utilisation of Fund. (1) All sums credited to the Fund shall be utilised by the Government for the welfare of the consumers in such manner as may be prescribed. (2) The Government or the authority specified by it shall maintain proper and separate
The Central Goods and Services Act, 2017 (CGST Act) Section 57 – Consumer Welfare Fund The Government shall constitute a Fund to be called the Consumer Welfare Fund and there shall be credited to the Fund— (a) the amount referred to in sub-section (5) of section 54. (b) any income from investment of the amount credited
The Central Goods and Services Act, 2017 (CGST Act) Section 55 – Refund in certain cases The Government may, on the recommendations of the Council by notification specify any specialized agency of the United Nations Organisation or any Multilateral Financial Institution and Organisation notified under the United Nations (Privileges and Immunities) Act 1947 Consulate or
The Central Goods and Services Act, 2017 (CGST Act) Section 54 – Refund of tax (1) Any person claiming refund of any tax and interest if any paid on such tax or any other amount paid by him may make an application before the expiry of two years from the relevant date in such form
The Central Goods and Services Act, 2017 (CGST Act) Section 53 – Transfer of input tax credit On utilization of input tax credit availed under this Act for payment of tax dues under the Integrated Goods and Services Tax Act in accordance with the provisions of sub-section (5) of section 49 as reflected in the valid return furnished
The Central Goods and Services Act, 2017 (CGST Act) Section 52 – Collection of tax at source (1) Notwithstanding anything to the contrary contained in this Act every electronic commerce operator (hereafter in this section referred to as the “operator”) not being an agent shall collect an amount calculated at such rate not exceeding one