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MEMORANDUM

o make rules, inter alia, in the following matters, namely:- (a) collection of taxes under section 9; (b) restrictions and conditions applicable to person opting for composition levy on under section 10; (c) value of the supply of goods or services or both under section 15; (d) conditions and restrictions on availing input tax credit and categories of tax paying documents under section 16; (e) depreciation on capital goods and plant and machinery as specified under section 18; (f) conditions and restrictions to allow input tax credit on inputs sent to a job-worker for job-work under section 19; (g) conditions and restrictions to allow input tax credit on capital goods sent to a job worker for job work under section 19; (h) manner of distrib .....

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under section 57; (z) manner in which consumer welfare fund is to be utilised under section 58; (za) form in which a bond for provisional assessment is to be filed under section 60; (zb) manner in which returns are to be scrutinised under section 61; (zc) frequency and manner in which audit will be taken by tax authorities under section 65; (zd) manner in which advance ruling pronounced is to be certified under section 98; (ze) form, manner and fee for appeal to Appellate Authority under section 100; (zf) manner in which Advance Ruling pronounced by the Appellate Authority is to be certified under section 101;(zg) appeals to Appellate Authority under section 107; (zh) constitution of selection committee and their manner of working for sele .....

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provides for the establishment of an Authority for Advance Ruling under the State Goods and Services Tax Act or Union Territory Goods and Services Tax Act and adoption of the same under the Central Goods and Services Tax Act. 3. Clause 99 of the Bill provides for the establishment of an Appellate Authority for Advance Ruling under the State Goods and Services Tax Act or Union Territory Goods and Services Tax Act and adoption of the same under the Central Goods and Services Tax Act. 4. Sub- clause (1) of clause 109 of the Bill provides for the establishment of the Goods and Services Tax Appellate Tribunal by the Central Government for hearing appeals against the orders passed by the Appellate Authority or the Revisional Authority. Sub-claus .....

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ties as under- (i) there is cascading of taxes as taxes levied by the Central Government are not available as set off against the taxes being levied by the State Governments; (ii) certain taxes levied by State Governments are not allowed as set off for payment of other taxes being levied by them; (iii) the variety of Value Added Tax Laws in the country with disparate tax rates and dissimilar tax practices divides the country into separate economic spheres; and (iv) the creation of tariff and non-tariff barriers such as octroi, entry tax, check posts, etc., hinder the free flow of trade throughout the country. Besides that, the large number of taxes create high compliance cost for the taxpayers in the form of number of returns, payments, etc .....

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in the design of goods and services tax that would incentivise tax compliance by taxpayers. The proposed goods and services tax will broaden the tax base, and result in better tax compliance due to a robust information technology infrastructure. 5. The Central Goods and Services Tax Bill, 2017, inter alia, provides for the following, namely:- (a) to levy tax on all intra-State supplies of goods or services or both except supply of alcoholic liquor for human consumption at a rate to be notified, not exceeding twenty per cent. as recommended by the Goods and Services Tax Council (the Council); (b) to broad base the input tax credit by making it available in respect of taxes paid on any supply of goods or services or both used or intended to b .....

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