Central Goods and Services Tax (CGST) Act, 2017

# Central Goods and Services Tax (CGST) Act, 2017 The CGST Act, 2017 consolidated multiple erstwhile central indirect taxes including Central Excise Duty, Service Tax, and Countervailing Duty into a unified destination-based tax system. ## Crucial Statutory Sections: - **Section 7**: Scope of taxable supply (sales, transfers, barters, licenses, and leases). - **Section 9**: Levy and collection of CGST and Reverse Charge Mechanism (RCM). - **Section 16**: Eligibility and mandatory conditions for availing Input Tax Credit (ITC). - **Section 37 & 39**: Furnishing of outward supplies (GSTR-1) and monthly summary returns (GSTR-3B). - **Section 129 & 130**: Detention, seizure, and confiscation of goods and conveyances in transit.