Fully Updated & Amended for July 2021 Compiled by: CA Kishan Kumar

GST - I MPORTANT
S ECTIONS /N OTIFICATIONS /D EFINITIONS
(CA I NTER /IPCC – J ULY 2021)
Chapter Section Number Brief Description
CGST Act, 2017
7 Scope of supply – Meaning, Schedule I, II and III
2(30) Composite Supply
Supply under GST 8(a) Tax liability on composite supplies
2(74) Mixed Supply
8(b) Tax liability on mixed supplies
9 Levy and Collection of CGST on intra state supply (Charging Section)
9(2) DAMN and Petroleum Crude
9(3) Reverse Charge read with Notification No. 13/2017 CT (R)
Charge under GST 9(4) Reverse charge in case of receipt of goods/services from unregistered supplier
10(1) & (2) Composition levy for Manufacturers, Restaurant Service Providers & Traders
10(2A) Alternative Composition Scheme to Pay Concessional Tax @ 3% for Suppliers Exclusively
Supplying “Services” or “Majorly Services
Power to grant exemption from tax. The exemptions have been notified by way of Notification
Exemptions from GST 11
No. 12/2017 CT (R) and Notification No. 9/2017 IT (R).
12 Time of supply of goods
Time of Supply
13 Time of supply of services
Value of Supply 15 Value of taxable supply of Goods & Services
16 Eligibility and condition for taking input tax credit
Input Tax Credit
17 Apportionment of credit in case of mix use and blocked credits

For more, download our Android App, join Telegram Channel & Subscribe YouTube Channel & buy Lectures from www.cakishankumar.com
1
Fully Updated & Amended for July 2021 Compiled by: CA Kishan Kumar

Chapter Section Number Brief Description

17(5) Blocked Credit
18 Availability and Reversal of credit under special circumstances.
22 Persons liable for registration
23 Persons not liable for registration
24 Compulsory registration
25 Procedure for registration and Distinct Person
Registration
25(6A) series Aadhar Authentication
2(20) Casual Taxable Person
2(77) Non-Resident Taxable Person
27 Validity & Advance Deposit of GST by Causal Taxable Person / Non-Resident Taxable Person
31 Time of issue of Tax Invoice
Tax Invoice, Credit and
34 Credit and debit notes
Debit Notes, EWB
68 E-Way Bill
49 Payment of tax, interest, penalty and other amounts
49A ITC of CGST and SGST/UTGST shall be used only after ITC of IGST is fully utilised
Payment of Tax
49(10) Facility to transfer an amount from one (major or minor) head to another (major or minor)
50 Interest on delayed payment of tax
37 Furnishing details of outward supplies (GSTR-1)
39 Furnishing of returns (GSTR-3, GSTR 4 and GSTR 5)
39(9) Rectification of Errors and Omissions in Return u/s 39
Returns 40 First Return
44 Annual Return
45 Final Return
48 Goods and services tax practitioners
2(6) Aggregate Turnover
Definition 2(31) Consideration
2(93) Recipient

For more, download our Android App, join Telegram Channel & Subscribe YouTube Channel & buy Lectures from www.cakishankumar.com
2
Fully Updated & Amended for July 2021 Compiled by: CA Kishan Kumar

Chapter Section Number Brief Description

IGST Act, 2017
Charge under GST 5 Levy and Collection of IGST on Inter-state supply [charging section]
Input Tax Credit 16 Availment of ITC in case of zero-rated supply

Important Notifications

Chapter Notification Brief Description

Charge under GST 13/2017 CT (R) Services notified u/s 9(3) on which GST is payable under Reverse Charge mechanism
12/2017 CT (R)* Services exempted wholly from CGST i.e. on Intra-State supply
Exemption under GST
9/2017 IT (R)* Services exempted wholly from IGST i.e. on Inter-State supply

Time of Supply 66/2017 CT Exemption from Payment of Tax on Advances received for Supply of Goods

Important Schedules

Chapter Schedules Brief Description

Schedule I Supply without Consideration - Deemed Supply

Supply under GST Schedule II Activities to be treated as Supply of Goods or Supply of Services

Schedule III Negative List - transactions/ activities which shall be neither treated as supply of goods nor a supply of services

Important Definitions to be covered from Chapter 12

i) Consideration [Sec 2(31)]

ii) Continuous supply of goods and Service [Sec 2(32) and 2(33)]

iii) Place of business [Sec 2(85)]

iv) Principal place of business [Sec 2(90)]

v) Recipient [Sec 2(93)]

For more, download our Android App, join Telegram Channel & Subscribe YouTube Channel & buy Lectures from www.cakishankumar.com
3
Fully Updated & Amended for July 2021 Compiled by: CA Kishan Kumar

vi) Supplier [Sec 2(105)]

Notes:

This is Not Guess Paper. It is an illustrative list of important Sections/ Notifications & Definitions that You should memorise at the Inter/IPCC level.
At least memorize the bold ones.

Website: www.cakishankumar.com
Telegram Channel https://t.me/kishankumarclasses
Download our Android App https://clp.page.link/D4HM

Other Useful Links:

Income Tax Marathon Part 1/2 https://youtu.be/EZanw95HRYk

Income Tax Marathon Part 2/2 https://youtu.be/gppvWRA3usU
Income Tax Amendments https://youtu.be/TV1fUUEo4VI
Income Tax Case Study Discussion https://youtube.com/playlist?list=PLiYrDNn5nZnZADEgO1OyrqNjmf3CAn-oO
GST Amendments https://youtu.be/PYxvauTkI_4
GST Marathon Part 1/2 https://youtu.be/AfDhSSacLNs
GST Marathon Part 2/2 https://youtu.be/ApnwwBd29ys
GST Case Study Discussion http://on-app.in/app/oc/94470/kkc
EIS Ultimate Question Bank https://youtu.be/VRGsSTWSErU
SM Ultimate Question Bank https://youtu.be/z352q5l54tA
भूलने की Problem का Permanent Solution I You will Study 12 Hours Daily after this https://youtu.be/gjbtDTKXWaI

#MissionJuly2021
Let’s Rock it Guys. Let July 2021 be our last Attempt for CA Inter.
Cheers!!

Yours Truly,
CA Kishan Kumar (CA Rankholder, ex PwC, Chief Minister Awarded)
For more, download our Android App, join Telegram Channel & Subscribe YouTube Channel & buy Lectures from www.cakishankumar.com
4
 %
100 I
ICA

100% ICAI-SM, RTP, MTP & Past Years

Self Created Hand Written Notes
Memory Techniques & Practical
Examples
Most Reasonable Fee-No Compromise

CA KISHAN KUMAR
CA Rankholder, ex PwC, Chief Minister
Awarded)
 About CA Kishan Kumar

THE ONLY
    

Kishan Kumar is an Associate member of The Institute of Chartered Accountants of India.

 

  He is a throughout Rankholder in CA examinations.

 

BAD WORKOUT
     He himself scored Exemption in Taxation [76] in his CA Inter Exam..
 

     He has been awarded by Nitish Kumar, Hon’ble Chief Minister of Bihar for his
excellence in the field of education.
 

     Internationally renowned University of South Wales has also felicitated him for his

IS THE ONE THAT

aptitude and achievements during his academic life.
 

  Kishan has worked with Ernst & Young and PwC (Big 4 Firms) and uses his practical
corporate experience to make the subject more interesting and engaging.
 

DIDN'T HAPPEN
     His students have secured marks as high as 85 and hundreds have scored exemptions.
 

  He is committed to make meaningful contribution to the life of promising CA aspirants.

OUR STARS

@fitnessfirstgym