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Home Acts & Rules GST Acts CENTRAL GOODS AND SERVICES TAX ACT, 2017 Chapters List Chapter V INPUT TAX CREDIT This

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Section 17 - Apportionment of credit and blocked credits. - CENTRAL GOODS AND SERVICES TAX ACT, 2017

Extract

..... xempt supply under sub-section (2) shall be such as may be prescribed, and shall include supplies on which the recipient is liable to pay tax on reverse charge basis, transactions in securities, sale of land and, subject to clause (b) of paragraph 5 of Schedule II, sale of building. 1 [ Explanation.-For the purposes of this sub-section, the expression value of exempt supply shall not include the value of activities or transactions specified in Schedule III, 3 [ except, (i) the value of activities or transactions specified in paragraph 5 of the said Schedule; and (ii) the value of such activities or transactions as may be prescribed in respect of clause (a) of paragraph 8 of the said Schedule. ] . ] (4) A banking company or a financial insti .....

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Section 17 - Apportionment of credit and blocked credits. - CENTRAL GOODS AND SERVICES TAX ACT, 2017

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..... or (D) imparting training on flying such aircraft; (ii) for transportation of goods; (ab) services of general insurance, servicing, repair and maintenance in so far as they relate to motor vehicles, vessels or aircraft referred to in clause (a) or clause (aa): Provided that the input tax credit in respect of such services shall be available- (i) where the motor vehicles, vessels or aircraft referred to in clause (a) or clause (aa) are used for the purposes specified therein; (ii) where received by a taxable person engaged- (I) in the manufacture of such motor vehicles, vessels or aircraft; or (II) in the supply of general insurance services in respect of such motor vehicles, vessels or aircraft insured by him; (b) the following supply of go .....

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Section 17 - Apportionment of credit and blocked credits. - CENTRAL GOODS AND SERVICES TAX ACT, 2017

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..... r the purposes of clauses (c) and (d), the expression construction includes re-construction, renovation, additions or alterations or repairs, to the extent of capitalisation, to the said immovable property; (e) goods or services or both on which tax has been paid under section 10; (f) goods or services or both received by a non-resident taxable person except on goods imported by him; 4 [ (fa) goods or services or both received by a taxable person, which are used or intended to be used for activities relating to his obligations under corporate social responsibility referred to in section 135 of the Companies Act, 2013 (18 of 2013); ] (g) goods or services or both used for personal consumption; (h) goods lost, stolen, destroyed, written off o .....

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Section 17 - Apportionment of credit and blocked credits. - CENTRAL GOODS AND SERVICES TAX ACT, 2017

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..... tegory is used by a registered person for making an outward taxable supply of the same category of goods or services or both or as an element of a taxable composite or mixed supply; (ii) membership of a club, health and fitness centre; (iii) rent-a-cab, life insurance and health insurance except where (A) the Government notifies the services which are obligatory for an employer to provide to its employees under any law for the time being in force; or (B) such inward supply of goods or services or both of a particular category is used by a registered person for making an outward taxable supply of the same category of goods or services or both or as part of a taxable composite or mixed supply; and (iv) travel benefits extended to employees on .....

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Section 17 - Apportionment of credit and blocked credits. - CENTRAL GOODS AND SERVICES TAX ACT, 2017

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  1. 02/2022 - Dated: 31-3-2022 - Union Territory GST (UTGST) Rate - Seeks to provide for a concessional rate on intra state supply of bricks conditional to not availing the ITC , as recommended by 45 GSTC
  2. 02/2022 - Dated: 31-3-2022 - Integrated GST (IGST) Rate - Seeks to provide for a concessional rate on inter state supply of bricks conditional to not availing the ITC , as recommended by 45 GSTC
  3. 02/2022 - Dated: 31-3-2022 - Central GST (CGST) Rate - Seeks to provide for a concessional rate on intra state supply of bricks conditional to not availing the ITC , as recommended by 45 GSTC
  4. Order No. 3/2019 - Dated: 29-3-2019 - Union Territory GST (UTGST) - Union Territory Goods and Services Tax (Third Removal of Difficulties) Order, 2019
  5. Order No. 04/2019 - Dated: 29-3-2019 - Central GST (CGST) - Central Goods and Services Tax (Fourth Removal of Difficulties) Order, 2019
  6. F. No. 31013/16/2017-ST-I-DoR - G.S.R. 524(E) - Dated: 4-6-2018 - Central GST (CGST) - Goods and Services Tax Settlement of Funds (Second Amendment) Rules, 2018.
  7. F. No. 31013/16/2017-ST-I-DoR - G.S.R. 145(E) - Dated: 6-2-2018 - Central GST (CGST) - Goods and Services Tax Settlement of Funds (Amendment) Rules, 2018
  8. F. No. 31013/16/2017-ST-I-DoR - G.S.R. 964(E) - Dated: 27-7-2017 - Central GST (CGST) - Goods and services Tax Settlement of funds Rules, 2017
  9. 11/2017 - Dated: 28-6-2017 - Central GST (CGST) Rate - Rates for supply of services under CGST Act
  10. 09/2017 - Dated: 28-6-2017 - Central GST (CGST) - Seeks to bring into force certain sections of the CGST Act, 2017 w.e.f 01.07.2017
  11. 08/2017 - Dated: 28-6-2017 - Integrated GST (IGST) Rate - Rates for supply of services under IGST Act
  1. INTEGRATED GOODS AND SERVICES TAX ACT, 2017
  2. Chapter VI - INTEGRATED GOODS AND SERVICES TAX ACT, 2017 - INTEGRATED GOODS AND SERVICES TAX ACT, 2017
  3. Chapter V - CENTRAL GOODS AND SERVICES TAX ACT, 2017 - CENTRAL GOODS AND SERVICES TAX ACT, 2017
  4. Section 74 - Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised by reason of fraud or any wilfull-misstatement or suppression of facts. - CENTRAL GOODS AND SERVICES TAX ACT, 2017
  5. Section 35 - Accounts and other records. - CENTRAL GOODS AND SERVICES TAX ACT, 2017
  6. Section 18 - Availability of credit in special circumstances. - CENTRAL GOODS AND SERVICES TAX ACT, 2017
  7. Section 16 - Zero rated supply. - INTEGRATED GOODS AND SERVICES TAX ACT, 2017
  8. Section 16 - Eligibility and conditions for taking input tax credit. - CENTRAL GOODS AND SERVICES TAX ACT, 2017
  9. Section 130 - Confiscation of goods or conveyances and levy of penalty. - CENTRAL GOODS AND SERVICES TAX ACT, 2017
  10. Section 129 - Detention, seizure and release of goods and conveyances in transit - CENTRAL GOODS AND SERVICES TAX ACT, 2017
  11. Section 10 - Composition levy. - CENTRAL GOODS AND SERVICES TAX ACT, 2017
  12. SCHEDULE 02 - ACTIVITIES OR TRANSACTIONS TO BE TREATED AS SUPPLY OF GOODS OR SUPPLY OF SERVICES - CENTRAL GOODS AND SERVICES TAX ACT, 2017
  13. Rule 8 - Report relating to reduction of amount to be apportioned to Centre (Central Tax) and State (State Tax) or Centre (Union Territory Tax) due to Integrated Tax apportioned earlier but subsequently refunded. - Goods and services Tax Settlement of funds Rules, 2017.
  14. Rule 6 - Report relating to apportionment of Integrated Tax recovered against demand, compounding amount paid and amount deposited for filing appeal between Centre (Central Tax) and State (State Tax) or Centre (Union Territory... - Goods and services Tax Settlement of funds Rules, 2017.
  15. Rule 45 - Conditions and restrictions in respect of inputs and capital goods sent to the job worker - Central Goods and Services Tax Rules, 2017
  16. Rule 43 - Manner of determination of input tax credit in respect of capital goods and reversal thereof in certain cases - Central Goods and Services Tax Rules, 2017
  17. Rule 42 - Manner of determination of input tax credit in respect of inputs or input services and reversal thereof - Central Goods and Services Tax Rules, 2017
  18. Rule 4 - Report of Cross-Utilisation and Apportionment of Integrated Tax between Centre (Integrated Tax) and State (State Tax) or Central (Integrated Tax) and Centre (Union Territory Tax) - Goods and services Tax Settlement of funds Rules, 2017.
  19. Rule 39 - Procedure for distribution of input tax credit by Input Service Distributor - Central Goods and Services Tax Rules, 2017
  20. Rule 38 - Claim of credit by a banking company or a financial institution - Central Goods and Services Tax Rules, 2017