BLOG on Income Tax Management for - AY 2022-23 & 2023-24

GST (Goods and Service Tax) - Ready Reckoner in India

55. Person Not liable for GST Registration [Section 23 of CGST Act]

As per section 23(1), the following persons shall Not be liable to GST Registration:

56. Compulsory GST Registration by Certain Persons irrespective of threshold Registration Limit [Section 24]

The following categories of persons shall be required to be registered under the CGST / SGST Act irrespective of the threshold registration limit—

57. Procedure for GST Registration [Section 25]

There are a lot of procedures for GST Registration with Section wise are being discussed here ...

58. Special Provisions relating to Certificate of GST Registration issued to Casual Taxable Person (CTP) and Non-Resident Taxable Person (NRTP) [Section 27]

The certificate of registration issued to a casual taxable person (CTP) or a non-resident taxable person (NRTP) shall be valid:

59. Cancellation of GST Registration and Revocation of Cancellation [Section 29 & 30]

Cancellation of GST Return under Section 29(1), Section 29(2), Section 29(3), Section 29(4), Section 29(5),

60. Furnishing of GST Returns by Registered Person [Section 39]

Normal Registered Person required to furnish GST Return every calendar month [Section 39(1)] & Quarterly GST Return by Registered Person paying tax under composition scheme [Section 39(2)]

61. Annual GST Return [Section 44]

Every registered person (i.e. normal supplier),—
— 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.

62. Levy of Late Fee for Not Filing the Return within the prescribed Date [Section 47]

Late Fee for delay in Filing GST Returns other than Annual Return [Section 47(1)]

63. List of GST Returns / Statements to be furnished by Registered Persons

The following returns are required to be filed by registered persons:

64. Accounts and Other Records to be maintained by Registered Person [Section 35 of the CGST Act]

Accounts and other records play a very important role in GST Regime due to following reasons:

65. [Rule 56 of CGST Rules, 2017] : Rules Prescribed to maintain a True and Correct Account by every Registered Person

Rules Prescribed on Accounts and Other Records under GST [Rule 56 of CGST Rules, 2017] :

66. Period of Retention of Accounts under GST [Section 36 of the CGST Act]

Books of account or other records shall be retained by every registered person for a period of 72 months from the due date of furnishing of Annual Return for the year pertaining to such accounts and records.

67. Provisional Assessment under GST [Section 60 of the CGST Act, 2017]

Provisional Assessment is carried out in cases where a taxable person is unable to determine his value of supplies or rate of tax applicable thereto. In such case tax liability is discharged on provisional basis subject to finalization of assessment by the department.

68. Scrutiny of GST Returns [Section 61 of the CGST Act, 2017]

Scrutity of GST Return under Section 61(1), Section 61(2), Section 61(3) and some important FAQ released by CBEC on 31.3.2017.

69. Audit by Tax Authorities under GST [Section 65 of the CGST Act, 2017]

Audit by Tax Authority under GST under Section 65(1) to Section 65(7) with Some important FAQ’s on Audit by Tax Authority under GST released by CBEC on 3 1.3.2017

70. Special Audit under GST [Section 66 of the CGST Act, 2017]

Special Audit under GST from Section 66(1) to Section 66(6) and also Some important FAQ’s on Special Audit under GST Released by CBEC on 31.3.2017.

GST (Goods and Service Tax) - Ready Reckoner in India

55. Person Not liable for GST Registration [Section 23 of CGST Act]

56. Compulsory GST Registration by Certain Persons irrespective of threshold Registration Limit [Section 24]

57. Procedure for GST Registration [Section 25]

58. Special Provisions relating to Certificate of GST Registration issued to Casual Taxable Person (CTP) and Non-Resident Taxable Person (NRTP) [Section 27]

59. Cancellation of GST Registration and Revocation of Cancellation [Section 29 & 30]

60. Furnishing of GST Returns by Registered Person [Section 39]

61. Annual GST Return [Section 44]

62. Levy of Late Fee for Not Filing the Return within the prescribed Date [Section 47]

63. List of GST Returns / Statements to be furnished by Registered Persons

64. Accounts and Other Records to be maintained by Registered Person [Section 35 of the CGST Act]

65. [Rule 56 of CGST Rules, 2017] : Rules Prescribed to maintain a True and Correct Account by every Registered Person

66. Period of Retention of Accounts under GST [Section 36 of the CGST Act]

67. Provisional Assessment under GST [Section 60 of the CGST Act, 2017]

68. Scrutiny of GST Returns [Section 61 of the CGST Act, 2017]

69. Audit by Tax Authorities under GST [Section 65 of the CGST Act, 2017]

70. Special Audit under GST [Section 66 of the CGST Act, 2017]

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