TMI BlogCollection of tax at source.X X X X Extracts X X X X X X X X Extracts X X X X ..... taxable supplies shall mean the aggregate value of taxable supplies of goods or services or both, other than services notified under sub-section (5) of section 9, made during any month by all registered persons through the operator reduced by the aggregate value of taxable supplies returned to the suppliers during the said month. (2) The power to collect the amount specified in sub-section (1) shall be without prejudice to any other mode of recovery from the operator. (3) The amount collected under sub-section (1) shall be paid to the Government by the operator within ten days after the end of the month in which such collection is made, in such manner as may be prescribed. (4) Every operator who collects the amount specified in s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... such financial year. 5 [ Provided that the Commissioner may, on the recommendations of the Council and for reasons to be recorded in writing, by notification, extend the time limit for furnishing the annual statement for such class of registered persons as may be specified therein: Provided further that any extension of time limit notified by the Commissioner of State tax or the Commissioner of Union territory tax shall be deemed to be notified by the Commissioner. ] (6) If any operator after furnishing a statement under sub-section (4) discovers any omission or incorrect particulars therein, other than as a result of scrutiny, audit, inspection or enforcement activity by the tax authorities, he shall rectify such omission or i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... urn or the operator in his statement for the month in which discrepancy is communicated, shall be added to the output tax liability of the said supplier, where the value of outward supplies furnished by the operator is more than the value of outward supplies furnished by the supplier, in his return for the month succeeding the month in which the discrepancy is communicated in such manner as may be prescribed. (11) The concerned supplier, in whose output tax liability any amount has been added under sub-section (10), shall pay the tax payable in respect of such supply along with interest, at the rate specified under sub-section (1) of section 50 on the amount so added from the date such tax was due till the date of its payment. (12) An ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ears from the due date of furnishing the said statement. ] Explanation. For the purposes of this section, the expression concerned supplier shall mean the supplier of goods or services or both making supplies through the operator. ****** Notes 1. Substituted vide Central Goods and Services Tax (Amendment) Act, 2018 w.e.f. 01.02.2019 before it was read as section 37 This section came into force w.e.f. 1.10.2018 vide notification no. 51/2018 dated 13.9.2018 2. Inserted vide Order No. 04/2018-Central Tax dated 31-12-2018 3. Substituted vide ORDER No. 02/2019-Central Tax dated 01-02-2019 before it was read as 31st January, 2019 4. Inserted vide FINANCE (NO. 2) ACT, 2019 w.e.f. 01- ..... X X X X Extracts X X X X X X X X Extracts X X X X
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