Section 45 of CGST Act - Final Return

 

 

Section 45 of Central Goods and Services Tax Act 2017 - Final Return

Every registered person who is required to furnish a return under sub-section (1) of section 39 and whose registration has been cancelled shall furnish a final return within three months of the date of cancellation or date of order of cancellation, whichever is later, in such form and manner as may be prescribed.

 

Central Goods and Services Tax Act 2017

Chapter I Preliminary

Section 1 : Short Title, Extent and Commencement

Section 2 : Definitions

 

Chapter II Administration

Section 3 : Officers under this Act

Section 4 : Appointment of Officers

Section 5 : Powers of Officers

Section 6 : Authorisation of officers of State tax or Union territory tax as proper officer in certain circumstances

 

Chapter III Levy and Collection of Tax

Section 7 : Scope of Supply

Section 8 : Tax liability on composite and mixed supplies

Section 9 : Levy and Collection

Section 10 : Composition Levy

Section 11 : Power to Grant Exemption from Tax

 

Chapter IV Time and Value of Supply

Section 12 : Time of supply of Goods

Section 13 : Time of supply of services

Section 14 : Change in tax in respect of supply of goods or services

Section 15 : Value of Taxable Supply

 

Chapter V Input Tax Credit

Section 16 : Eligibility and Conditions for taking input tax credit

Section 17 : Apportionment of credit and blocked credit

Section 18 : Availability of credit in special circumstances

Section 19 : Taking input tax credit in respect of inputs and capital goods sent for job work

Section 20 : Manner of distribution of credit by input service distributor

Section 21 : Manner of recovery of credit distributed in excess

 

 

 

Chapter VI Registration

Section 22 : Person liable for registration

Section 23 : Person not liable for registration

Section 24 : Compulsory Registration in certain cases

Section 25 : Procedure for Registration

Section 26 : Deemed Registration

Section 27 : Special provisions relating to casual taxable person and non-resident taxable person

Section 28 : Amendment of Registration

Section 29 : Cancellation of Registration

Section 30 : Revocation of Cancellation of Registration

 

Chapter VII Tax Invoice, Credit and Debit Notes

Section 31 : Tax Invoice

Section 32 : Prohibition of unauthorized collection of tax

Section 33 : Amount of tax to be indicated in invoice and other documents

Section 34: Credit and Debit Notes

 

 

 

Chapter VIII Accounts and Records

Section 35 : Accounts and Other Records

Section 36 : Period of Retention of Accounts

 

Chapter IX Returns

Section 37 : Furnishing Details of outwards supplies

Section 38 : Furnishing details of inwards supplies

Section 39 : Furnishing Returns

Section 40 : First Return

Section 41 : Claim of input tax credit and provisional acceptance thereof

Section 42 : Matching, reversal and reclaim of input tax credit

Section 43 : Matching, reversal and reclaim of reduction in output tax liability

Section 44 : Annual Return

Section 45 : Final Return

Section 46 : Notice to return defaulters

Section 47 : Levy of Late Fee

Section 48 : Goods and Services Tax Practitioners

 

 

 

Chapter X Payment of Tax

Section 49 : Payment of Tax, Interest, Penalty and other Amounts

Section 50 : Interest on delayed payment of tax

Section 51 : Tax Deduction at Source

Section 52 : Collection of Tax at Source

Section 53 : Transfer of Input Tax Credit

 

 

GST Rates in India

3%, 5%, 18% GST items 26.7.2018

18% GST notification 10.11.2017

0%, 5%, 12% reduced on 10.11.17

IGST Rates reduced on 10.11.2017

0% GST Goods (Original)

3% & 0.25% GST Goods (Original)

5% GST Items (Original List)

12% GST goods (Original List)

18% GST Materials (Original List)

28% GST Rate Goods (Original)

Compensation Cess Rates (Original)

 

GST E-way bill requirement, validity & documents required