Other Provisions in the IGST Act :
Section 7 of the IGST Act, deals with the following aspect of the levy,-
I. Self assessment of tax and other dues-discharge thereof
II. Payment of tax by net banking, Card, RTGS etc
III. Electronic cash ledger- Maintenance/usage/conditions
IV. Electronic credit ledger- Maintenance/usage/conditions
V. Hierarchy of utilisation of ITC of IGST, CGST and SGST
The hierarchy of utilisation of ITCs have been discussed in details in the above paragraphs. The other process enumerated above are akin to CGST Act and details thereof is available in the respective presentation and papers. Therefore, these are not being discussed further in this paper.
Section 8 of the IGST Act deals with the claim of input tax credit, provisional acceptance, matching, reversal and reclaim thereof. The business process is exactly same as that for CGST and provision of section 29 of the CGST Act apply mutatis mutandis
Section 28 of the IGST Act provides for power for making rules.
Section 30 prescribes that if a taxpayer wrongly pays IGST on a supply that is held as intra-state supplies, and accordingly is required to pay CGST and SGST, then in such case the refund of IGST that has wrongly been paid by the taxpayer shall be allowed only after he has paid CGST and SGST on such supplies.
Section 31 prescribes that IGST shall apply to all interstate and import of supplies after the date the IGST Act comes into effect. However, it may so happen that in the earlier regime, a tax may have been levied, particularly in respect of services, under the Finance Act, 1994, for the reason that invoice was issued in advance, or payment was made in advance though actual supply made after GST coming into effect. In such case if IGST is levied again it would be double taxation. Therefore, to obviate such hardship to taxpayer, section 31 provides that only the balance amount of tax remaining unpaid. If entire liability under the previous regime had been discharged in the earlier regime no tax shall be payable in IGST regime.