Category: CGST ACT

1 [Section 44. Annual return. – Every registered person, other than an Input Service Distributor, a person paying tax under section 51 or section 52 , a casual taxable person and a non-resident taxable person shall furnish an annual return which may include a self-certified reconciliation statement, reconciling the value of supplies declared in the return furnished for the financial […]

Section 43A. 1 [*** ] 1. Omitted (w.e.f. a date yet to be notified) by s. 107 of The Finance Act 2022 (No. 6 of 2022) for Section 43A. Procedure for furnishing return and availing input tax credit. – (1) Notwithstanding anything contained in sub-section (2) of section 16, section 37 or section 38, every registered person shall in the […]

Section 43. 1 [***] 1. Omitted (w.e.f. a date yet to be notified) by s. 107 of The Finance Act 2022 (No. 6 of 2022) for Section 43. Matching, reversal and reclaim of reduction in output tax liability. – (1) The details of every credit note relating to outward supply furnished by a registered person (hereafter in this section […]

Section 42. 1 [***] . 1. Omitted (w.e.f. a date yet to be notified) by s. 107 of The Finance Act 2022 (No. 6 of 2022) for Section 42. Matching, reversal and reclaim of input tax credit. – (1) The details of every inward supply furnished by a registered person (hereafter in this section referred to as the “recipient”) for […]

Section 41. 1 [Availment of input tax credit (1) Every registered person shall, subject to such conditions and restrictions as may be prescribed, be entitled to avail the credit of eligible input tax, as self-assessed, in his return and such amount shall be credited to his electronic credit ledger. (2) The credit of input tax availed by […]

Section 40. First return. – Every registered person who has made outward supplies in the period between the date on which he became liable to registration till the date on which registration has been granted shall declare the same in the first return furnished by him after grant of registration. *Enforced w.e.f. 1st July, 2017.

Section 39. Furnishing of returns.- 1 [(1) Every registered person, other than an Input Service Distributor or a non-resident taxable person or a person paying tax under the provisions of section 10 or section 51 or section 52 shall, for every calendar month or part thereof, furnish, a return, electronically, of inward and outward supplies of goods or services or both, input tax credit […]

1 [Section 38. Communication of details of inward supplies and input tax credit. (1) The details of outward supplies furnished by the registered persons under sub-section (1) of section 37 and of such other supplies as may be prescribed, and an auto-generated statement containing the details of input tax credit shall be made available electronically to the recipients of such […]

CHAPTER IX RETURNS   * Section 37. Furnishing details of outward supplies. – (1) Every registered person, other than an Input Service Distributor, a non-resident taxable person and a person paying tax under the provisions of section 10 or section 51 or section 52 , shall furnish, electronically 1 [subject to such conditions and restrictions and] in such form and manner as may be prescribed , […]

Section 36. Period of retention of accounts.- Every registered person required to keep and maintain books of account or other records in accordance with the provisions of sub-section (1) of section 35 shall retain them until the expiry of seventy-two months from the due date of furnishing of annual return for the year pertaining to such accounts […]