Download GST Acts and Rules Bare Law updated upto 30.10.2023

The Institute of Chartered Accountants of India (ICAI) has updated the GST Acts and Rules Bare Law upto 30.10.2023.

To address the challenges of cascading effect of earlier Indirect Tax system and to create a unified and simplified tax regime for the seamless movement of goods and services across the State borders, Goods and Services Tax (GST) was introduced in India on July 1, 2017. The implementation of GST has been a significant milestone in the Indian tax regime. GST being a comprehensive indirect tax, is levied on the supply of goods and services throughout the country. It has subsumed a plethora of indirect taxes like Central Sales Tax, Central Excise Duty, Service Tax, Value Added Tax (VAT) and others.

The Committee has revised its publication ‘GST Act(s) and Rule(s) -Bare Law” to incorporate the latest provisions. It is updated with the notifications issued up to September, 2023 including the notification giving effect to the provisions of the Finance Act, 2023 amending the GST law.

Considering the significant amendments made in the GST law pursuant to 50th and 51st GST Council Meetings, the Committee has once again revised its publication, GST Act (s) & GST Rules(S) – Bare Law with the notifications issued up to September, 2023 to keep the readers abreast with the latest provisions of the GST law. The publication comprises of the whole spectrum of GST law viz. the Constitution (101st Amendment) Act, the CGST Act, 2017, the IGST Act, 2017, the UTGST Act, 2017, the GST (Compensation to States) Act, 2017, the CGST Rules, 2017 and the IGST Rules, 2017. Relevant extracts of the Finance Act, 2023 and the recent CGST (Amendment) Act, 2023 and IGST (Amendment) Act, 2023 have also been included in the publication.

Central Goods and Services Tax Act, 2017

Section 1. Short title, extent and commencement.-

(1) This Act may be called the Central Goods and Services Tax Act, 2017.

(2) It extends to the whole of India 1[****]2

(3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint:

Provided that different dates may be appointed for different provisions of this Act and any reference in any such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision.

Section 2. Definitions.-

In this Act, unless the context otherwise requires,-

(1) “actionable claim” shall have the same meaning as assigned to it in section 3 of the Transfer of Property Act, 1882 (4 of 1882);

(2) “address of delivery” means the address of the recipient of goods or services or both indicated on the tax invoice issued by a registered person for delivery of such goods or services or both;

(3) “address on record” means the address of the recipient as available in the records of the supplier;

(4) “adjudicating authority” means any authority, appointed or authorised to pass any order or decision under this Act, but does not include the 3[Central Board of Indirect Taxes and Customs], the Revisional Authority, the Authority for Advance Ruling, the Appellate Authority for Advance Ruling, 4[the National Appellate Authority for Advance Ruling,] 5[the Appellate Authority, the Appellate Tribunal and the Authority referred to in sub-section (2) of section 171];

(5) “agent” means a person, including a factor, broker, commission agent, arhatia, del credere agent, an auctioneer or any other mercantile agent, by whatever name called, who carries on the business of supply or receipt of goods or services or both on behalf of another;

(6) “aggregate turnover” means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed on all India basis but excludes central tax, State tax, Union territory tax, integrated tax and cess;

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