Section-8. Levy and Collection of Central/State Goods and Services Tax
(1) There shall be levied a tax
called the Central/State Goods and Services Tax
(CGST/SGST) on all intra-State
supplies of goods and/or services on the value
determined under section 15 and at
such rates as may be notified by the
Central/State Government in this
behalf, but not exceeding fourteen percent, on
the recommendation of the Council and
collected in such manner as may be
prescribed.
(2) The CGST/SGST shall be paid by
every taxable person in accordance with the
provisions of this Act.
(3) The Central or a State Government
may, on the recommendation of the Council,
by notification, specify categories
of supply of goods and/or services the tax on
which is payable on reverse charge
basis and the tax thereon shall be paid by the
recipient of such goods and/or
services and all the provisions of this Act shall
apply to such person as if he is the
person liable for paying the tax in relation to
the supply of such goods and/or
services.
(4) The Central or a State Government
may, on the recommendation of the Council,
by notification, specify categories
of services the tax on which shall be paid by
the electronic commerce operator if
such services are supplied through it, and all
the provisions of this Act shall
apply to such electronic commerce operator as if
he is the person liable for paying
the tax in relation to the supply of such
services:
PROVIDED that where an electronic
commerce operator does not have a physical
presence in the taxable territory,
any person representing such electronic
commerce operator for any purpose in
the taxable territory shall be liable to pay
tax:
PROVIDED FURTHER that where an
electronic commerce operator does not have
a physical presence in the taxable
territory and also he does not have a
representative in the said territory,
such electronic commerce operator shall
appoint a person in the taxable
territory for the purpose of paying tax and such
person shall be liable to pay tax.
0 comments:
Post a Comment