Tax Management India. Com
                            Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Manuals SMS News Articles Highlights
        Home        
 
Extracts
Home List
← Previous Next →

Matching, reversal and reclaim of input tax credit.

Section 42 - Chhattisgarh SGST - RETURNS - Chhattisgarh Goods and Services Tax Act, 2017 - Section 42 - 42. (1) The details of every inward supply furnished by a registered person (hereafter in this section referred to as the recipient ) for a tax pe .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

lid return for the same tax period or any preceding tax period; (b) with the integrated goods and services tax paid under section 3 of the Customs Tariff Act, 1975 (51 of 1975.) in respect of goods imported by him; and (c) for duplication of claims o .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

e Customs Tariff Act, 1975 (51 of 1975.) in respect of goods imported by him shall be finally accepted and such acceptance shall be communicated, in such manner as may be prescribed, to the recipient. (3) Where the input tax credit claimed by a recip .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

nner as may be prescribed. (4) The duplication of claims of input tax credit shall be communicated to the recipient in such manner as may be prescribed. (5) The amount in respect of which any discrepancy is communicated under sub-section (3) and whic .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

th in which the discrepancy is communicated. (6) The amount claimed as input tax credit that is found to be in excess on account of duplication of claims shall be added to the output tax liability of the recipient in his return for the month in which .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ime specified in sub-section (9) of section 39. (8) A recipient in whose output tax liability any amount has been added under sub-section (5) or sub-section (6), shall be liable to pay interest at the rate specified under sub-section (1) of section 5 .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.