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READING DOWN MODEL IGST ACT (PART-5)

Goods and Services Tax - GST - By: - Dr. Sanjiv Agarwal - Dated:- 21-7-2016 - Chapter III of the Model IGST Act provides for levy and collection of tax (IGST) vide section 4. Section 4 is the charging section for levy of IGST corresponding to section .....

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ourse of inter-state trade on commerce Rate of IGST shall be as per Schedule to the Act (yet to be prescribed) IGST shall be collected in the prescribed manner for which rules shall be prescribed. Report on Business Processes for GST on GST payment m .....

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tered or required to befor payment of tax. Payment of IGST shall be made by service receiver in cases where it is notified that IGST is payable under reverse charge basis. In such cases, service receiver shall be treated as if he is person liable for .....

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shall be payable. It may be noted that sub-section (1) on levy of IGST shall be subject to provisions of sub-section (3) and (4) as these are over riding provisions. Sub-section (3) which provides for payment of IGST under Reverse Charge Mechanism (R .....

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