Tax Book 2023

xv

SALES TAX ACT 1990 OR REFORMED GST WITH RELEVANT RULES / NOTIFICATIONS

Overview, scheme and scope

Comprehension of basis rules and concepts relevant definitions/ concepts

1 Due date [section 2( 9 )]

2 Exempt supply [section 2( 11 )]

3 Goods [section 2 ( 12 )]

4 Input tax [section 2(14) ]

5 Registered person [section 2( 25 )]

6 Supply [section 2(33) ]

7 Tax [section 2( 3 4)]

8 Taxable activity [section 2 ( 41 )]

9 Taxable supply [section 2(43)]

10 Tax period [section 2(43)]

11 Time of supply [section 2( 44 )]

Scope and payment of tax

[Sections 3 to13 with relevant rules 19 to 25]

 Scope of chargeability, mode of collection etc.

 Zero rating

 Change in the rate of tax

 Time and manner of payment

 Determination of tax liability

 Tax credit not allowed

 Debit and credit note

 Excess amount to be carried forward or refunded

 Assessment of tax

 Short-paid amounts recoverable without notice

 Exemption

Return

[Sections 26, 26AA, section 27 to 29 with relevant Rules 13 to 18]

 Monthly return

 Turnover tax return

 Retail tax return

 Special return

 Final return

 Return deemed to have been made