Web20 hours ago · Section 148A of the Income Tax Act, 1961 is a provision that allows the Assessing Officer (AO) to issue a notice to a person who has failed to furnish a return of income, report or statement of financial transaction. This section was introduced by the Finance Act, 2024, and is applicable from 1st April 2024. The notice under section 148A … WebAug 17, 2024 · B) GST liability u/s 9(4) of CGST Act, 2024 The second method of payment of GST under reverse charge is provided u/s 9(4) of CGST Act . As per the said provision a registered person shall pay tax …
CBIC Rescinds RCM Exemption on Purchases from Unregistered …
WebJun 28, 2024 · As per section 49 (4) of CGST Act’2024, ITC can be used for payment of output tax only. Therefore tax under reverse charge can be paid through cash only without availing the benefit of ITC. The supplier must mention in his tax invoice whether the tax is payable on reverse charge. Input Tax Credit: WebApr 5, 2024 · ( 4) Notwithstanding anything contained in this section, an Appellate Authority shall not exercise the powers and discharge the duties conferred or imposed on any other officer of central tax. CGST Section – 6 = Authorisation of officers of State tax or Union territory tax as proper officer in certain circumstances marsoc t shirts
CGST Section 3 - 10 GST Law in India
WebNov 30, 2024 · Section 9 (4) of CGST/SGST Act provides that in case of procurement of goods or services by a registered person from an unregistered person then the registered person shall pay GST on reverse charge basis as if he is the person liable for paying the tax. WebAug 28, 2024 · The provisions of Section 9 (4) of the CGST Act, 2024 deals with the applicability of reverse charge mechanism, wherein, the goods or services or both is being procured by the registered person from the unregistered person. Web4. In section 9 of the principal Act, for sub-section (4), the following sub-section shall be substituted, namely:–– “(4) The Government may, on the recommendations of the … mars of bend