TMI BlogNotes on clausesX X X X Extracts X X X X X X X X Extracts X X X X ..... evy and collection of integrated tax on all inter-State supplies of goods or services or both except on the supply of alcoholic liquor for human consumption, on the value determined under section 15 of the Central Goods and Services Tax Act at a rate not exceeding forty per cent. It further provides that integrated tax on goods imported into India shall be levied and collected under section 3 of the Customs Tariff Act, 1975, at the time and in the manner in which customs duty shall be collected under the provisions of the Customs Act, on a value as determined under the provisions of the Customs Tariff Act. This clause also provides that - (i) integrated tax on the supply of petroleum crude, high speed diesel, motor spirit (commonly known ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... red as intra- State supply. Clause 9 provides for supplies made in territorial waters to be deemed to be made in the States or Union territories where the nearest point of the appropriate baseline is located. Clause 10 provides for the place of supply for all supplies of goods other than those goods which are imported into or exported out of India. Clause 11 provides for the place of supply for all supplies of goods which are imported into or exported out of India. Clause 12 provides for the place of supply for all supplies of services where location of supplier and recipient is in India. Clause 13 provides for the place of supply for all supplies of services where location of supplier or location of recipient is ou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on recommendation of the Council. Clause 23 confers powers on the Board to make regulations for carrying out the provisions of the proposed Act. Clause 24 provides for laying of rules, regulations and notifications made by the Central Government before each House of the Parliament. Clause 25 confers powers on the Central Government to make such provisions not inconsistent with the provisions of the proposed Act or the rules or regulations by a general or special order, on the recommendations of the Council within a period of three years from the date of commencement of the proposed Act. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementin ..... X X X X Extracts X X X X X X X X Extracts X X X X
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