Finance Bill 2023
1
Finance Bill, 2023 (Relevant Extracts)
i
Central Goods and Services Tax Amendment of section 10. 128. a d b c Amendment of section 16. 129. i ii Amendment of section 17. 130. a Explanation, i
Substitution of new section for section 23. 131.
Persons not liable for registration.—
Amendment of section 37. 132.
Provided
Amendment of section 39. 133. Provided
ii ii a b f fa
a i ii b-
-
Amendment of section 44.
Amendment of section 52.
Amendment of section 54. 136.
Amendment of section 56.
Amendment of section 122.
iii
134. Provided -
135. Provided
137.
i
138.
Amendment of section 132.
Amendment of section 138.
Insertion of new section 158A.
Consent based sharing of information furnished by taxable person.—
iv ii iii
139.
a
a f h i
b d
g
a g j k b l
k
c iii
iv
j
140. a i a a a f h i l ii b iii c c b iv e
b
141.
Retrospective exemption to certain activities and transactions in Schedule III to the Central Goods and Services Tax Act.
142.
Explanation 2 vide Integrated Goods and Services Tax Amendment of section 2.
143.
a 16 16
Explanation
b 17
v a b c a a b c b b c
vi
Amendment of section 12. 144.
MISCELLANEOUS PART VI
AMENDMENT TO THE FINANCE, ACT, 2001
Amendment of Seventh Schedule to Act 14 of 2001. 153. THE SIXTH SCHEDULE See
vi
i ii iii iv v vi
I-5 Acronyms in GST I-13 Section Index I-17 CHAPTER 1 GST - An overview 1 CHAPTER 2 IGST, CGST, SGST and UTGST 35 CHAPTER 3 Taxable event in GST 41 CHAPTER 4 Supply of goods or services or both 84 CHAPTER 5 99 CHAPTER 6 Value of taxable supply of goods or services or both 116 Contents
CHAPTER 7 Valuation Rules if value for GST not ascertainable 141 CHAPTER 8 VAT concept and its application in GST 157 CHAPTER 9 Input Tax Credit (ITC) 164 CHAPTER 10 Input Tax Credit - Other issues 195 CHAPTER 11 Input Tax Credit when exempted as well as taxable supplies made 205 CHAPTER 12 Input Service Distributor (ISD) 213 CHAPTER 13 Person liable to pay tax 219 CHAPTER 14 Place of supply of goods or services or both other than exports or imports 233 CHAPTER 15 Place of supply in case of export or import of goods or services or both 255 I-6
CHAPTER 16 Exports and Imports 294 CHAPTER 17 Special Economic Zones (SEZ) and EOU 337 CHAPTER 18 Time of supply of goods and services 345 CHAPTER 19 Reverse charge 356 CHAPTER 20 372 CHAPTER 21 Concessions to small enterprises in GST 383 CHAPTER 22 Construction and Works Contract Services 407 CHAPTER 23 Real Estate Services relating to residential and commercial apartments 431 CHAPTER 24 TDR/FSI/Upfront amount in long term lease in real estate transactions 464 I-7
CHAPTER 25 Distributive Trade Services 488 CHAPTER 26 Passenger Transport Services 513 CHAPTER 27 Goods Transport Services 527 CHAPTER 28 Financial and related services 547 CHAPTER 29 Leasing or rental services and licensing services 568 CHAPTER 30 Software and IPR Services 588 CHAPTER 31 Business and production services 599 CHAPTER 31A Job Work 625 CHAPTER 32 Telecommunication, broadcasting and information supply 654 I-8
CHAPTER 33 Community social, personal and other services 663 CHAPTER 34 Government related activities 714 CHAPTER 35 Basic procedures in GST 752 CHAPTER 36 Registration under GST 772 CHAPTER 37 Tax Invoice, Credit and Debit Notes 812 CHAPTER 38 E-way Bill for transport of goods 843 CHAPTER 39 Payment of taxes by cash and through input tax credit 887 CHAPTER 40 Returns under GST 911 CHAPTER 41 Assessment and Audit 958 I-9
CHAPTER 42 Demands and recovery 971 CHAPTER 43 Refund in GST 1010 CHAPTER 44 1080 CHAPTER 45 Offences and penalties 1095 CHAPTER 46 First Appeal and revision in GST 1108 CHAPTER 47 Appeal before Appellate Tribunal 1124 CHAPTER 48 Appeals before High Court and Supreme Court 1134 CHAPTER 49 Prosecution and compounding 1138 CHAPTER 50 Provisions relating to evidence 1147 I-10
CHAPTER 51 Electronic Commerce 1154 CHAPTER 52 Miscellaneous issues in GST 1167 CHAPTER 53 GST Compensation Cess 1201 CHAPTER 54 Transitory Provisions 1207 CHAPTER 55 Constitutional Background of GST 1213 SUBJECT INDEX 1227 I-11
Supply of goods or services or both
4.1-1 Goods must be movable and marketable capable of being marketability goods UOI Delhi Cloth Mills = South Bihar Sugar Mills Ltd. UOI A P State Electricity Board CCE Union Carbide India Ltd. UOI Bhor Industries Ltd. CCE
Hindustan Polymers CCE Moti Laminates (P.) Ltd. CCE Porritts and Spencer (Asia) Ltd. CCE Anil Starch Products Ltd. CCE
,
84
Para 4.1
Rajasthan State Electricity Board Associated Stone Industries FGP Ltd. UOI CCE
Aldec Corporation White Machines CCE
Medley Pharmaceuticals CCE
Nizam Sugar Factory Ltd.
CST K J Abraham
Asstt. STO
Crops, grass, trees attached to earth
State of Orissa Titaghur Paper Mills Co. Ltd.
Shantabai State of Bombay CST
Durga Shellac Factory
Master copies of film songs and music
CIT Giza Impex
Drawings Associated Cement Companies Ltd. CC
Prerna Textiles CCE
Solitz Corporation CST
Mitsui & Co CCE CCE Kirloskar Brothers
Films and programmes on disk is ‘goods’ Ushakiran Movies State of Andhra Pradesh
85
Old newspaper are ‘newspaper’
State of Andhra Pradesh
CST Agrahari Rope Stores
Sait Rikhaji Furtarnal
State of Tamil Nadu P.S. Sambandam Mudaliar & Co.
All India Reporter Karamchari Sangh All India Reporter Ltd.
Indian Express State of Tamilnadu
The Hindu State of Andhra Pradesh
Sale of Copyright Bharat Sanchar Nigam Ltd UOI
CIT Sun TV Ltd.
Trade mark SPS Jayam & Co Registrar, TNTST Malabar Gold CTO
CST Duke and Sons
Royalty collected on mining lease profit a prendre Tamilnadu Magnesite Ltd State of Tamilnadu State of Himachal Pradesh
Gujarat Ambuja Cement
Carbon credit
GST payable on sale of duty credit scrip as ‘goods’ but exempted w.e.f. 13-10-2017
Para 4.2 86
Spaceage
Syntex P Ltd. In re
Yash Overseas CST
Bharat Fritz Werner Ltd. Commissioner of Commercial Taxes
Dy. CTO Hemant Spices ACST
Shivdam Wood CTO
P S Apparels
Inter Gold (India)
State of Maharashtra CTO State Bank of India
Philco Exports STO Jindal Drugs State of Maharashtra
International Creative Foods State of Kerala
Vikas Sales Corporation CCT
Baraka Overseas Traders CCT
State of Andhra Pradesh
Electrical energy
Hansa Overseas Enterprises
State of Andhra Pradesh National Thermal Power Corporation
87 Para 4.2
Para
Indian Oil Corpn. CTO CMS (India) Operations and Maintenance Co. P Ltd. CCE
Duty drawback is simply money not goods
KMA Finished Leather State of Tamil Nadu
Money (cash) is not ‘goods’
4.3 Actionable claim
CMS Info Systems Ltd. In re
CST MPEB
Skill
Lotto Solutions P. Ltd.v.Union of India 4.3 88
Jindal Drugs State of Maharashtra
Jugal Kishore Raw Cotton Co
UOI Sri Sarada Mills
Venkatasamy Jagannathan In re
Sr Kameshwar Singh
State of Bihar Maharajadhiraja
Official Trustee L Chippendale
Bhupati Mohan Das Phanindra Chandra Chakravarty
Sunrise Associates Government of NCT of Delhi
Bharti Airtel ACST
Loyalty
-
Solutions and Research P Ltd. In re 89 Para 4.3
Sunrise Associates Government of NCT of Delhi
State of Kerala Prabhavathy Thankamma
Commercial Corporation of India Ltd ASTO
LIS State of Kerala MRS Lucky Lottery Centre
State of Tamil Nadu State of Karnataka State of Meghalaya
Teesta Distributors UOI
State of Meghalaya State of Karnataka
4.3-2 Lottery tickets are subject to GSTPara 4.3 90
GST READY RECKONER
AUTHOR : V.S. DATEY
PUBLISHER : TAXMANN
DATE OF PUBLICATION : FEBRUARY 2023
EDITION : 20th Edition
ISBN NO : 9789356226524
NO.OF PAGES : 1316
BINDING TYPE : PAPERBACK
DESCRIPTION
Rs. 2195 USD 66
Taxmann's Ultimate Bestseller for Indirect Taxes – 'GST Ready Reckoner', is a ready referencer for all provisions of the GST Law, divided into 55 topics, with relevant Case Laws, Notifications, Circulars, etc.
The Present Publication is the 20th Edition and has been amended upto 1st February 2023. This book is authored by Mr V.S. Datey, with the following noteworthy features:
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