The Integrated Goods and Services Tax Act, 2017
madhya-pradesh · 2017
The scanned source for this Act is imperfect — headings or section boundaries may be off. Verify against the official source.
- S. 1(1) This Act may be called the Integrated Goods and Services Tax Act, 2017
- S. 2Section defines key terms for the Integrated Goods and Services Tax Act, including central tax, continuous journey, and export of goods and services.
- S. 3The Board may appoint such central tax officers as it thinks fit for exercising the powers under this Act
- S. 4Section 4 authorizes state officers from previous GST acts to enforce this Act, subject to government-specified exceptions.
- S. 5Section 5 of the Integrated Goods and Services Tax Act, 2017 levies a tax on inter-State supplies of goods or services, except alcoholic liquor, at rates up to forty percent.
- S. 6Section 6 allows the government to exempt certain goods or services from GST, either generally or in exceptional cases, for public interest reasons.
- S. 7Section 7 defines inter-State supply of goods and services as transactions crossing state or union territory boundaries.
- S. 8Section 8 defines intra-State supply for goods and services within the same State or Union territory, excluding certain special economic zone and tourist supplies.
- S. 9Section 9 deems supplies in territorial waters to be in the nearest coastal State or Union territory for GST purposes.
- S. 10Section 10 specifies rules for determining the place of supply of goods under the Integrated Goods and Services Tax Act.
- S. 11Section 11 specifies that imported goods' supply location is the importer's location, and exported goods' supply location is outside India.
- S. 12Section 12 determines the place of supply for services within India, based on the locations of the supplier and recipient.
- S. 13Section 13 determines the place of supply for services outside India, generally following the recipient's location unless specified otherwise.
- S. 14Section 14 outlines the liability for integrated tax on online information and database services supplied from a non-taxable territory to a non-taxable recipient.
- S. 15The section allows refund of integrated tax for tourists leaving India with goods.
- S. 16Section 16 of the Integrated Goods and Services Tax Act, 2017 defines zero-rated supplies and outlines refund options for them.
- S. 17Section 17 apportions integrated tax to the Central Government for certain inter-State and import supplies where input tax credit is not claimed.
- S. 18Section 18 details the reduction and transfer of integrated tax credit to central, union territory, and state tax accounts.
- S. 19Section 19 allows refunds for wrongly paid integrated tax on supplies later deemed intra-State, and waives interest for tax on supplies later deemed inter-State.
- S. 20Section 20 of the Integrated Goods and Services Tax Act, 2017, applies most provisions of the Central Goods and Services Tax Act to the integrated tax regime.
- S. 21Section 21 of the Integrated Goods and Services Tax Act, 2017 imposes tax on imported services initiated after the appointed day, except if fully taxed under existing law.
- S. 22Section 22 grants the government authority to create rules for implementing the Integrated Goods and Services Tax Act.
- S. 23The Board can issue regulations to implement the Integrated Goods and Services Tax Act.
- S. 24Section 24 mandates that government rules, regulations, and notifications under the Act must be presented to Parliament for 30 days for review and potential modification.
- S. 25Section 25 allows the government to issue orders to resolve difficulties in implementing the Act, subject to parliamentary review.