Constitutional Authority for GST Policy & Coordination The GST Council is the apex constitutional body responsible for policy formulation, coordination, and harmonisation of the Goods and Services Tax (GST) system in India. It provides a common platform where the Union…
Unified classification system for goods and services HSN (for goods) and SAC (for services) are the official GST classification frameworks used to determine applicable tax rates, exemption eligibility, and reporting accuracy across invoices, returns, and statutory filings. These codes ensure…
The Rate Structure in GST refers to the framework of tax rates notified for goods and services under GST law, applicable uniformly across India. GST does not prescribe rates directly in the statute. Instead, the law authorises the Government to…
Official interpretative guidance issued for uniform application of GST law Stay updated with Government Circulars issued to clarify the scope, interpretation, and procedural application of GST provisions. These circulars help resolve ambiguities, standardise departmental practice, and ensure consistent compliance across…
Statutory law and procedural framework under GST This section provides access to the operative GST laws and rules currently in force. It covers the principal Acts governing GST and the Rules framed to prescribe procedures, forms, and compliance requirements. All…
Section 10 of the CGST Act provides a simplified composition levy for small taxpayers dealing in goods, non-alcoholic restaurant services, and eligible notified services. Instead of paying normal GST rates, the taxpayer pays tax at a fixed percentage of turnover…
Section 16(1) – Eligibility to Input Tax Credit Section 16(1) grants a registered person the right to avail ITC on inward supplies used in the course or furtherance of business. The entitlement is not unconditional; it must satisfy later subsections…
Section 17 lays down how Input Tax Credit (ITC) must be restricted, apportioned, or fully blocked when goods or services are used for multiple purposes. These include situations where inputs are used for both taxable and exempt supplies, or for…
Rule 43 prescribes the method for determining eligible ITC and calculating reversal relating to capital goods that are used partly for taxable supplies and partly for exempt supplies. The rule is read together with Section 17(1), 17(2), and 17(5) of…
Rule 42 of the CGST Rules, read with Section 17(1), 17(2) and 17(5) of the CGST Act, prescribes the mechanism for reversing Input Tax Credit when inputs or input services are used partly for taxable supplies and partly for exempt…