Daily Archives: April 10, 2017

160 Assessment proceedings, etc., not to be invalid on certain grounds – CGST Billl 2017

CGST Billl 2017 AS INTRODUCED IN LOK SABHA Bill No. 57 of 2017 THE CENTRAL GOODS AND SERVICES TAX BILL, 2017 Assessment proceedings, etc., not to be invalid on certain grounds.  (1) No assessment, re-assessment, adjudication, review, revision, appeal, rectification, notice, summons or other proceedings done, accepted, made, issued, initiated, or purported to have been… Read More »

155 Burden of proof – CGST Billl 2017

CGST Billl 2017 AS INTRODUCED IN LOK SABHA Bill No. 57 of 2017 THE CENTRAL GOODS AND SERVICES TAX BILL, 2017 Burden of proof.  Where any person claims that he is eligible for input tax credit under this Act, the burden of proving such claim shall lie on such person.  

147 Deemed Exports – CGST Billl 2017

CGST Billl 2017 AS INTRODUCED IN LOK SABHA Bill No. 57 of 2017 THE CENTRAL GOODS AND SERVICES TAX BILL, 2017 Deemed Exports. The Government may, on the recommendations of the Council, notify certain supplies of goods as deemed exports, where goods supplied do not leave India, and payment for such supplies is received either… Read More »

146 Common Portal – CGST Billl 2017

CGST Billl 2017 AS INTRODUCED IN LOK SABHA Bill No. 57 of 2017 THE CENTRAL GOODS AND SERVICES TAX BILL, 2017 Common Portal.  The Government may, on the recommendations of the Council, notify the Common Goods and Services Tax Electronic Portal for facilitating registration, payment of tax, furnishing of returns, computation and  ettlement of integrated… Read More »

145 Admissibility of micro films, facsimile copies of documents and computer printouts as documents and as evidence – CGST Billl 2017

CGST Billl 2017 AS INTRODUCED IN LOK SABHA Bill No. 57 of 2017 THE CENTRAL GOODS AND SERVICES TAX BILL, 2017 Admissibility of micro films,  facsimile copies of documents and computer printouts as documents and as evidence.  (1) Notwithstanding anything contained in any other law for the time being in force,— (a) a micro film… Read More »

143 Job work procedure – CGST Billl 2017

CGST Billl 2017 AS INTRODUCED IN LOK SABHA Bill No. 57 of 2017 THE CENTRAL GOODS AND SERVICES TAX BILL, 2017 CHAPTER XXI MISCELLANEOUS Job work procedure.  (1) A registered person (hereafter in this section referred to as the “principal”) may under intimation and subject to such conditions as may be prescribed, send any inputs… Read More »

Checklist for internal / concurrent audit of Govt business Agency Banks

Systems and Controls for conduct of government banking RBI/2016-17/271 DGBA.GAD.No.2646/31.02.007/2016-17 April 7, 2017 All Agency Banks Dear Sir/Madam, Systems and Controls for conduct of government banking Please refer to our Master Circulars DGBA.GAD.No.2/31.12.010/2015-16 dated July 1, 2015 on Conduct of Government Business by Agency Banks – Payment of Agency Commission and DGBA.GAD.No.H-1/31.05.001/2015-16 dated July 1,… Read More »