GST - Compensation to the States for Loss of Revenue - Draft - Goods and Services Tax (Compensation to the States for Loss of Revenue) Act, 2016 - [November 2016]
GST - Compensation to the States for Loss of Revenue - Draft - Goods and Services Tax (Compensation to the States for Loss of Revenue) Act, 2016 - [November 2016]
Returns and refunds for GST compensation cess require prescribed formats and follow Central Goods and Services Tax Act provisions. Taxable persons registered under CGST must furnish returns and pay compensation cess in prescribed formats, file those returns along with CGST returns, ... Summary
Returns and refunds for GST compensation cess require prescribed formats and follow Central Goods and Services Tax Act provisions.
Taxable persons registered under CGST must furnish returns and pay compensation cess in prescribed formats, file those returns along with CGST returns, and apply for refunds of cess in prescribed forms. Except for the specific filing format, the provisions and rules of the Central Goods and Services Tax Act and its rules shall, so far as applicable, govern the levy, collection, payment and refund of the compensation cess on taxable supplies.
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