Clarification on Issuance of Tax clearance Certificate (TCC)

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ce Certificate (TCC): It has been brought to the notice of the department that some taxpayers have expressed reservation as to why GST has to be paid first for issuance of TCC (Tax Clearance Certificate). This Circular is issued to briefly highlight the relevant provisions under section 12 and 13 of the NGST Act. 2017 and clarify such doubts and reservations as under:- I.  Section 12....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....  Thus the time of supply provisions follows that if the date of issue of invoice is earlier than the date of receipt of payment, then the taxpayers will have to file the return and pay the taxes accordingly by the due date even if the taxpayers have not received the payment. 5.  Accordingly, it is clarified that - (a) The due date for payment of tax under GST is determined b....