Corporate, Banking and Tax
The Central Goods and Services Tax Act, 2017
Act 12 of 2017 · 190 sections
Practise questions on Taxation Law
Title, date and preamble
[12th April, 2017.]
An Act to make a provision for levy and collection of tax on intra-State supply of goods or
services or both by the Central Government and for matters connected therewith or incidental
thereto.
BE it enacted by Parliament in the Sixty-eighth Year of the Republic of India as follows:—
Contents
CHAPTER I PRELIMINARY
CHAPTER II ADMINISTRATION
CHAPTER III LEVY AND COLLECTION OF TAX
CHAPTER IV TIME AND VALUE OF SUPPLY
CHAPTER V INPUT TAX CREDIT
- 16.Eligibility and conditions for taking input tax credit
- 17.Apportionment of credit and blocked credits
- 18.Availability of credit in special circumstances
- 19.Taking input tax credit in respect of inputs and capital goods sent for job work
- 20.Manner of distribution of credit by Input Service Distributor
- 21.Manner of recovery of credit distributed in excess
CHAPTER VI REGISTRATION
- 22.Persons liable for registration
- 23.Persons not liable for registration
- 24.Compulsory registration in certain cases
- 25.Procedure for registration
- 26.Deemed registration
- 27.Special provisions relating to casual taxable person and non-resident taxable person
- 28.Amendment of registration
- 29.Cancellation [or suspension] of registration
- 30.Revocation of cancellation of registration
CHAPTER VII TAX INVOICE, CREDIT AND DEBIT NOTES
CHAPTER VIII ACCOUNTS AND RECORDS
CHAPTER IX RETURNS
- 37.Furnishing details of outward supplies
- 38.Communication of details of inward supplies and input tax credit
- 39.Furnishing of returns
- 40.First return
- 41.Availment of input tax credit
- 42.Matching, reversal and reclaim of input tax credit
- 43.Matching, reversal and reclaim of reduction in output tax liability
- 43A.Procedure for furnishing return and availing input tax credit
- 44.Annual return
- 45.Final return
- 46.Notice to return defaulters
- 47.Levy of late fee
- 48.Goods and services tax practitioners
CHAPTER X PAYMENT OF TAX
- 49.Payment of tax, interest, penalty and other amounts
- 49A.Utilisation of input tax credit subject to certain conditions
- 49B.Order of utilisation of input tax credit
- 50.Interest on delayed payment of tax
- 51.Tax deduction at source
- 52.Collection of tax at source
- 53.Transfer of input tax credit
- 53A.Transfer of certain amounts
CHAPTER XI REFUNDS
CHAPTER XII ASSESSMENT
CHAPTER XIII AUDIT
CHAPTER XIV INSPECTION, SEARCH, SEIZURE AND ARREST
CHAPTER XV DEMANDS AND RECOVERY
- 73.Determination of tax [, pertaining to the period up to Financial Year 2023-24,] not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised for any reason other than fraud or any wilful-misstatement or suppression of facts
- 74.Determination of tax [, pertaining to the period up to Financial Year 2023-24,] not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised by reason of fraud or any wilful-misstatement or suppression of facts
- 74A.Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised for any reason pertaining to Financial Year 2024-25 onward
- 75.General provisions relating to determination of tax
- 76.Tax collected but not paid to Government
- 77.Tax wrongfully collected and paid to Central Government or State Government
- 78.Initiation of recovery proceedings
- 79.Recovery of tax
- 80.Payment of tax and other amount in instalments
- 81.Transfer of property to be void in certain cases
- 82.Tax to be first charge on property
- 83.Provisional attachment to protect revenue in certain cases
- 84.Continuation and validation of certain recovery proceedings
CHAPTER XVI LIABILITY TO PAY IN CERTAIN CASES
- 85.Liability in case of transfer of business
- 86.Liability of agent and principal
- 87.Liability in case of amalgamation or merger of companies
- 88.Liability in case of company in liquidation
- 89.Liability of directors of private company
- 90.Liability of partners of firm to pay tax
- 91.Liability of guardians, trustees, etc
- 92.Liability of Court of Wards, etc
- 93.Special provisions regarding liability to pay tax, interest or penalty in certain cases
- 94.Liability in other cases
CHAPTER XVII ADVANCE RULING
- 95.Definitions
- 96.Authority for advance ruling
- 97.Application for advance ruling
- 98.Procedure on receipt of application
- 99.Appellate Authority for advance ruling
- 100.Appeal to Appellate Authority
- 101.Orders of Appellate Authority
- 101A.Constitution of National Appellate Authority for Advance Ruling
- 101B.Appeal to National Appellate Authority
- 101C.Order of National Appellate Authority
- 102.Rectification of advance ruling
- 103.Applicability of advance ruling
- 104.Advance ruling to be void in certain circumstances
- 105.Powers of Authority, Appellate Authority and National Appellate Authority
- 106.Procedure of Authority, Appellate Authority and National Appellate Authority
CHAPTER XVIII APPEALS AND REVISION
- 107.Appeals to Appellate Authority
- 108.Powers of Revisional Authority
- 109.Constitution of Appellate Tribunal and Benches thereof
- 110.President and Members of Appellate Tribunal, their qualification, appointment, conditions of service, etc
- 111.Procedure before Appellate Tribunal
- 112.Appeals to Appellate Tribunal
- 113.Orders of Appellate Tribunal
- 114.Financial and administrative powers of President
- 115.Interest on refund of amount paid for admission of appeal
- 116.Appearance by authorised representative
- 117.Appeal to High Court
- 118.Appeal to Supreme Court
- 119.Sums due to be paid notwithstanding appeal, etc
- 120.Appeal not to be filed in certain cases
- 121.Non-appealable decisions and orders
CHAPTER XIX OFFENCES AND PENALTIES
- 122.Penalty for certain offences
- 122A.Penalty for failure to register certain machines used in manufacture of goods as per special procedure
- 122B.Penalty for failure to comply with track and trace mechanism
- 123.Penalty for failure to furnish information return
- 124.Fine for failure to furnish statistics
- 125.General penalty
- 126.General disciplines related to penalty
- 127.Power to impose penalty in certain cases
- 128.Power to waive penalty or fee or both
- 128A.Waiver of interest or penalty or both relating to demands raised under section 73, for certain tax periods
- 129.Detention, seizure and release of goods and conveyances in transit
- 130.Confiscation of goods or conveyances and levy of penalty
- 131.Confiscation or penalty not to interfere with other punishments
- 132.Punishment for certain offences
- 133.Liability of officers and certain other persons
- 134.Cognizance of offences
- 135.Presumption of culpable mental state
- 136.Relevancy of statements under certain circumstances
- 137.Offences by companies
- 138.Compounding of offences
CHAPTER XX TRANSITIONAL PROVISIONS
CHAPTER XXI MISCELLANEOUS
- 143.Job work procedure
- 144.Presumption as to documents in certain cases
- 145.Admissibility of micro films, facsimile copies of documents and computer printouts as documents and as evidence
- 146.Common Portal
- 147.Deemed exports
- 148.Special procedure for certain processes
- 148A.Track and trace mechanism for certain goods
- 149.Goods and services tax compliance rating
- 150.Obligation to furnish information return
- 151.Power to call for information
- 152.Bar on disclosure of information
- 153.Taking assistance from an expert
- 154.Power to take samples
- 155.Burden of proof
- 156.Persons deemed to be public servants
- 157.Protection of action taken under this Act
- 158.Disclosure of information by a public servant
- 158A.Consent based sharing of information furnished by taxable person
- 159.Publication of information in respect of persons in certain cases
- 160.Assessment proceedings, etc., not to be invalid on certain grounds
- 161.Rectification of errors apparent on the face of record
- 162.Bar on jurisdiction of civil courts
- 163.Levy of fee
- 164.Power of Government to make rules
- 165.Power to make regulations
- 166.Laying of rules, regulations and notifications
- 167.Delegation of powers
- 168.Power to issue instructions or directions
- 168A.Power of Government to extend time limit in special circumstances
- 169.Service of notice in certain circumstances
- 170.Rounding off of tax, etc
- 171.Anti-profiteering measure
- 172.Removal of difficulties
- 173.Amendment of Act 32 of 1994
- 174.Repeal and saving
Schedules and appendices
Schedules are not yet reproduced here. Read them in the official file; each link opens the page where the Schedule begins.