CENTRAL GOODS AND SERVICES TAX ACT, 2017 – SECTION 3, RULE 42 & RULE 89
Section 3 of the CGST Act, 2017 empowers the Government to appoint various officers for effective administration, ranging from Principal Chief Commissioners to Assistant Commissioners. Rule 42 provides the framework for determining, attributing, and reversing input tax credit (ITC) when inputs or services are used for both taxable and exempt purposes. Rule 89 outlines the procedure for claiming refunds of taxes, interest, penalties, fees, or unutilized ITC, including supplies to SEZs and zero-rated supplies, ensuring compliance and transparency in GST operations.
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