GST Draft Laws- Important Sections to be analysed and discussed:-

-levy of SGST &CGST (Section 7 & 8);

-levy of IGST (Section 4 of IGST Act);

-Taxable Person (Section 9); for determining the Taxable Person(s);

-Time of supply of Goods (Section 12);

-Time of supply of Services (Section 13);

-Place of Supply of Goods for Inter-State Supplies of Goods (Section 5 of IGST Act);

-Place of Supply of Services for Inter-State Supplies of Services (Section 6 of IGST Act);

-Value of Taxable Supply (Section 15);

-GST Valuation (Determination of the Value of Supply of Goods and Services) Rules 2016;

-Furnishing the details of Outward Supplies (Section 25);

-Furnishing the details of Inward Supplies (Section 26);

-Payment of Tax, Interest and penalties (Section 35);

-Returns (Section 27);

-Matching, reversal and reclaim of Input Tax Credit (Section 29);

-Matching, reversal and reclaim of reduction in output tax liability (Section 29A);

-Annual Return (Section 30);

-Final Return (Section 31);

-Manner of taking input Tax credit (Section 16, 35 and Section 7(5) of IGST Act);

-Availing ITC in respect of Inputs sent for Job work (Section 16A);

-manner of distribution of credit by Input Service Distributor (Section 17);

-Tax Invoice (Section 23); Credit and debit Notes (Section 24;);