Notes – Acts – INTEGRATED GOODS AND SERVICES TAX ACT, 2017 – Notes – Notes on clauses Clause 1 provides for short title, extent and commencement of the proposed Act. Clause 2 defines various terms and expressions used in the proposed Act. Clause 3 provides for appointment of Commissioners and other class of officers as may be required for carrying out the purposes of the proposed Act. Clause 4 provides for authorisation of State tax and Union territory tax officers, subject to certain exceptions and conditions as shall be notified by the Central Government on recommendations of the Council, to be proper officers for the purposes of the proposed Act. Clause 5 provides for levy and collection of integrated tax on all inter-State supplies of goods or services or both except on the supply of alcoholic liquor for human consumption, on the value determined under section 15 of the Central Goods and Services Tax Act at a rate not exceeding forty per cent. It further provides that integrated
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son on reverse charge basis; (iv) the Central Government may notify categories of services, the tax on inter-State supplies of which shall be paid by the electronic commerce operator if such services are supplied through it, on the recommendations of the Council. Clause 6 confers powers on Central Government to exempt either absolutely or conditionally goods or services or both of any specified description from the whole or part of the integrated tax, on the recommendations of the Council. This clause also confers powers on the Central Government to exempt from payment of tax any goods or services or both, by special order, on which tax is leviable on the recommendations of the Council. Clause 7 provides for instances where a supply of goods or services or both will be considered as inter- State supply. Clause 8 provides for instances where a supply of goods or services or both will be considered as intra- State supply. Clause 9 provides for supplies made in territorial waters to be de
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urists leaving India. Clause 16 provides for zero rating of certain supplies namely exports and supplies made to Special Economic Zone Unit or Special Economic Zone developer and the manner of zero rating. Clause 17 provides for apportionment of integrated tax and settlement of funds between the Central and State Government. Clause 18 provides for utilisation of credit of integrated tax availed under the proposed Act for payment of central tax, Union territory tax or State tax. Clause 19 provides for refund of integrated tax in situations where inter-State supplies are subsequently held to be intra-State supplies. Clause 20 provides for application of specific provisions of the Central Goods and Services Tax Act to the proposed Act. Clause 21 provides that all import of services made on or after the appointed day will be liable to integrated tax regardless of whether the transactions for such import of services had been initiated before the appointed day. Clause 22 confers powers on th
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