Imp Sections To Memorise - Gst (ca Kishan, Air) - Uploaded.pdf

Important Sections/Notifications/Definitions of GST Law (CA Inter/IPCC – May 2019) Chapter

Section Number

Compiled by: CA Kishan Kumar

Brief Description

CGST Act, 2017 7 Supply under GST

2(30)

Composite Supply

8(a)

Tax liability on composite supplies

2(74)

Mixed Supply

8(b)

Tax liability on mixed supplies

9

Charge under GST

Scope of supply – Meaning, Schedule I, II and III

Levy and Collection of CGST on intra state supply (Charging Section)

9(2)

DAMN and Petroleum Crude

9(3)

Reverse Charge read with Notification No. 13/2017 CT (R)

9(5)

Notified services on which tax shall be paid by the electronic commerce operator if such services are supplied through it [Notification No. 17/2017]

10 Exemptions from GST Time of Supply Value of Supply

Input Tax Credit

Registration

11

Power to grant exemption from tax. The exemptions have been notified by way of Notification No. 12/2017 CT (R) and Notification No. 9/2017 IT (R).

12

Time of supply of goods

13

Time of supply of services

15

Value of taxable supply

16

Eligibility and condition for taking input tax credit

17

Apportionment of credit in case of mix use and blocked credits

17(5)

Blocked Credit

18

Availability and Reversal of credit under special circumstances.

22

Persons liable for registration

23

Persons not liable for registration

24

Compulsory registration

2(20)

Casual Taxable Person

2(77)

Non-Resident Taxable Person

27

Practice precedes Perfection

Composition levy

Validity & Advance Deposit of GST by Causal Taxable Person / Non-Resident Taxable Person

For More Free Notes, visit www.cakishankumar.com

1

Important Sections/Notifications/Definitions of GST Law (CA Inter/IPCC – May 2019) Chapter

Section Number

Brief Description

Tax Invoice, Credit and

31

Time of issue of Tax Invoice

Debit Notes

34

Credit and debit notes

49

Payment of tax, interest, penalty and other amounts

50

Interest on delayed payment of tax

37

Furnishing details of outward supplies (GSTR-1)

39

Furnishing of returns (GSTR-3, GSTR 4 and GSTR 5)

Payment of Tax

39(9) Returns

Definition

Compiled by: CA Kishan Kumar

Rectification of Errors and Omissions in Return u/s 39

40

First Return

44

Annual Return

45

Final Return

48

Goods and services tax practitioners

2(6)

Aggregate Turnover

2(31)

Consideration

2(93)

Recipient

IGST Act, 2017 Charge under GST

5

Levy and Collection of IGST on Inter-state supply [charging section]

Input Tax Credit

16

Availment of ITC in case of zero-rated supply

Important Notifications Chapter Charge under GST

Notification 13/2017 CT (R) 17/2017 CT (R)

Exemption under GST Time of Supply

Practice precedes Perfection

Brief Description Services notified u/s 9(3) on which GST is payable under Reverse Charge mechanism Services notified under section 9(5) [ECO]

12/2017 CT (R)*

Services exempted wholly from CGST i.e. on Intra-State supply

9/2017 IT (R)*

Services exempted wholly from IGST i.e. on Inter-State supply

66/2017 CT

Exemption from Payment of Tax on Advances received for Supply of Goods

For More Free Notes, visit www.cakishankumar.com

2

Important Sections/Notifications/Definitions of GST Law (CA Inter/IPCC – May 2019)

Compiled by: CA Kishan Kumar

Important Schedules Chapter

Supply under GST

Schedules

Brief Description

Schedule I

Supply without Consideration - Deemed Supply

Schedule II

Activities to be treated as Supply of Goods or Supply of Services

Schedule III

Negative List - transactions/ activities which shall be neither treated as supply of goods nor a supply of services

Important Definitions to be covered from Chapter 12 [In addition to those covered in Class in Ch 1 to Ch 11] i)

Consideration [Sec 2(31)]

ii) Place of business [Sec 2(85)] iii) Principal place of business [Sec 2(90)] iv) Recipient [Sec 2(93)] v) Supplier [Sec 2(105)] Notes: The above is just an illustrative list of important Sections/ Notifications and Definitions at the Inter/IPCC level. At least memorize the bold ones. Don’t learn any other Section / Notification or Definition unless you are fully comfortable with the above sections. Please complete all questions of Book and DPP. 50 (old course)/40 (New Course) marks in 200 pages is the best deal you will get in CA.

Practice precedes Perfection

For More Free Notes, visit www.cakishankumar.com

3