TMI BlogPower of Central (or State) Government to make rulesX X X X Extracts X X X X X X X X Extracts X X X X ..... h; (ii) having regard to the normal practice in the supply of goods or services, define or specify the kinds of trade discount to be excluded from the value under section 15 including the circumstances in which and the conditions subject to which such discount is to be so excluded; (iii) provide for determining the value of taxable supplies in the situations mentioned under section 15; (iv) provide, subject to such conditions as may be prescribed, for the grant of input tax credit of tax paid on the input supplies of goods or services used in or in relation to the providing of the output taxable supplies of goods or services, and the manner of utilization of such credit; (v) provide for the lapsing of input tax credit lying unut ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... her persons as may be specified, the duty of furnishing information, maintaining records and filing returns, and may also prescribe the nature of such information and the form of such records and returns, the particulars to be contained therein, and the manner in which they shall be verified; (xiv) provide for the form, manner and frequency of the returns to be furnished and the late fee for delayed furnishing of return under relevant section; (xv) provide for charging or payment of interest under the various provisions of the Act; (xvi) provide for the detention or attachment of goods, plant, machinery or material and other movable or immovable properties for the purpose of exacting the tax on taxable supplies in respect of which ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... shall be maintained; (xxiv) specify the forms in which appeals, applications and memoranda of cross objections shall be filed and verified under Chapter XXI of the Act; (xxv) provide for the qualifications and the manner of appointment of the National President, the State President, and the Members of the Appellate Tribunal under section 100 of the Act, and other matters related or incidental thereto; (xxvi) regulate in such manner as the Central Government / State Government thinks fit, the movement of supplies from any part of India to any other part thereof; (xxvii) regulate the removal of taxable supplies of goods from the place where produced, stored or manufactured or subjected to any process of production or manufacture ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cers of GST, as the case may be, appointed for the purposes of this Act to provide, by written instructions, for supplemental matters arising out of any rule made by the Central Government (or the State Government) under this section; (xxxv) provide for the manner of provisional attachment of property under section 77; (xxxvi) make provisions for determining export of taxable supply of services; (xxxvii) provide for grant of exemption to, or rebate of tax paid on, taxable supply of services which are exported out of India; (xxxviii) provide for manner of administering of payment of taxes under the compounding of tax; (xxxix) provide for dealing with situations where goods are returned; (xl) provide for specifying the detai ..... X X X X Extracts X X X X X X X X Extracts X X X X
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