(1) Notwithstanding anything to the contrary contained in
this Act, the Government may mandate,-
a department or establishment of the Central Government or State
Government; or
local authority; or
Governmental agencies; or
such persons or category of persons as may be notified by the Government on the recommendations of the Council, (hereafter in this section referred to as "the deductor"), to deduct tax at the rate of one per cent. from the payment made or credited to the supplier (hereafter in this section referred to as "the deductee") of taxable goods or services or both, where the total value of such supply, under a contract, exceeds two lakh and fifty thousand rupees:
Provided that no deduction shall be made if the location of the supplier and
the place of supply is in a State or Union territory which is different from the
State or as the case may be, Union territory of registration of the recipient.
Explanation.- For the purpose of deduction of tax specified above, the value of
supply shall be taken as the amount excluding the central tax, State tax, Union
territory tax, integrated tax and cess indicated in the invoice.
(2) The amount deducted as tax under this section shall be paid to the Government by the deductor within ten days after the end of the month in which such deduction is made, in such manner as may be prescribed.
(3) The deductor shall furnish to the deductee a certificate mentioning therein the contract value, rate of deduction, amount deducted, amount paid to the Government and such other particulars in such manner as may be prescribed.
(4) If any deductor fails to furnish to the deductee the certificate, after deducting the tax at source, within five days of crediting the amount so deducted to the Government, the deductor shall pay, by way of a late fee, a sum of one hundred rupees per day from the day after the expiry of such five days period until the failure is rectified, subject to a maximum amount of five thousand rupees.
(5) The deductee shall claim credit, in his electronic cash ledger, of the tax deducted and reflected in the return of the deductor furnished under sub-section (3) of section 39, in such manner as may be prescribed.
(6) If any deductor fails to pay to the Government the amount deducted as tax under sub-section (1), he shall pay interest in accordance with the provisions of sub-section (1) of section 50, in addition to the amount of tax deducted.
(7) The determination of the amount in default under this section shall be made in the manner specified in section 73 or section 74.
(8) The refund to the deductor or the deductee arising on account of excess or erroneous deduction shall be dealt with in accordance with the provisions of section 54:
Provided that no refund to the deductor shall be granted, if the amount
deducted has been credited to the electronic cash ledger of the deductee.
Chapter I Preliminary
Section 1 : Short Title, Extent and Commencement
Chapter II Administration
Section 3 : Officers under this Act
Section 4 : Appointment of Officers
Section 5 : Powers of Officers
Chapter III Levy and Collection of Tax
Section 8 : Tax liability on composite and mixed supplies
Section 9 : Levy and Collection
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 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 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 46 : Notice to return defaulters
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
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
3% & 0.25% GST Goods (Original)
18% GST Materials (Original List)
Compensation Cess Rates (Original)