Daily Archives: April 12, 2017

12 Place of supply of services where location of supplier and recipient is in India- IGST Bill 2017

By | April 12, 2017

THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 Place of supply of services where location of supplier and recipient is in India. 12. (1) The provisions of this section shall apply to determine the place of supply of services where the location of supplier of services and the location of the recipient of services is… Read More »

11 Place of supply of goods imported into, or exported from India-IGST Bill 2017

By | April 12, 2017

THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 Place of supply of goods imported into, or exported from India. 11. The place of supply of goods,–– (a) imported into India shall be the location of the importer; (b) exported from India shall be the location outside India. Read Place of Supply in GST – India /… Read More »

10 Place of supply of goods other than supply of goods imported into, or exported from India- IGST Bill 2017

By | April 12, 2017

THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 CHAPTER V PLACE OF SUPPLY OF GOODS OR SERVICES OR BOTH Place of supply of goods other than supply of goods imported into, or exported from India. 10. (1) The place of supply of goods, other than supply of goods imported into, or exported from India, shall… Read More »

9 Supplies in territorial waters – IGST Bill 2017

By | April 12, 2017

THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 Supplies in territorial waters. 9. Notwithstanding anything contained in this Act,–– (a) where the location of the supplier is in the territorial waters, the location of such supplier; or (b) where the place of supply is in the territorial waters, the place of supply, shall, for the… Read More »

4 Authorisation of officers of State tax or Union territory tax as proper officer in certain circumstances- IGST Bill 2017

By | April 12, 2017

THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 Authorisation of officers of State tax or Union territory tax as proper officer in certain circumstances. 4. Without prejudice to the provisions of this Act, the officers appointed under the State Goods and Services Tax Act or the Union Territory Goods and Services Tax Act are authorised… Read More »

2 Definitions- IGST Bill 2017

By | April 12, 2017

THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 Definitions. 2. In this Act, unless the context otherwise requires,–– (1) “Central Goods and Services Tax Act” means the Central Goods and Services Tax Act, 2017; (2) ‘‘central tax” means the tax levied and collected under the Central Goods and Services Tax Act; (3) “continuous journey” means… Read More »

Schedule III – Activities or Transactions which shall be treated Neither as Supply or Goods nor a supply of Services -CGST Billl 2017

By | April 12, 2017

CGST Billl 2017 AS INTRODUCED IN LOK SABHA Bill No. 57 of 2017 THE CENTRAL GOODS AND SERVICES TAX BILL, 2017 SCHEDULE III [Section 7] ACTIVITIES OR TRANSACTIONS WHICH SHALL BE TREATED NEITHER AS A SUPPLY OF GOODS NOR A SUPPLY OF SERVICES Services by an employee to the employer in the course of or… Read More »

Schedule II -Activities to be treated as Supply of Goods or Supply of Services-CGST Billl 2017

By | April 12, 2017

CGST Billl 2017 AS INTRODUCED IN LOK SABHA Bill No. 57 of 2017 THE CENTRAL GOODS AND SERVICES TAX BILL, 2017 SCHEDULE II [Section 7] ACTIVITIES TO BE TREATED AS SUPPLY OF GOODS OR SUPPLY OF SERVICES Transfer (a) any transfer of the title in goods is a supply of goods; (b) any transfer of… Read More »

Schedule 1 -Activities to be treated as Supply Even if made without Consideration -CGST Billl 2017

By | April 12, 2017

CGST Billl 2017 AS INTRODUCED IN LOK SABHA Bill No. 57 of 2017 THE CENTRAL GOODS AND SERVICES TAX BILL, 2017 SCHEDULE I [Section 7] ACTIVITIES TO BE TREATED AS SUPPLY EVEN IF MADE WITHOUT CONSIDERATION Permanent transfer or disposal of business assets where input tax credit has been availed on such assets. Supply of… Read More »

Salary of NR seafarer not taxable in India just because it is credited to NRE account in India: CBDT Circular No 13/2017

By | April 12, 2017

Salary of NR seafarer isn’t taxable just because it is credited to NRE account in India: CBDT CIRCULAR NO.13/2017 [F.NO.500/07/2017-FT&TR-V], DATED 11-4-2017 Representations have been received in the Board that income by way of salary, received by non-resident seafarers, for services rendered outside India on-board foreign ships, are being subjected to tax in India for… Read More »

1 Short title, extent and commencement.- UTGST Bill 2017

By | April 12, 2017

THE UNION TERRITORY GOODS AND SERVICES TAX BILL, 2017 CHAPTER I PRELIMINARY Short title, extent and commencement. 1. (1) This Act may be called the Union Territory Goods and Services Tax Act, 2017. (2) It extends to the Union territories of the Andaman and Nicobar Islands, Lakshadweep, Dadra and Nagar Haveli, Daman and Diu, Chandigarh… Read More »

UTGST Bill 2017 Chapter Wise – Section wise

By | April 12, 2017

THE UNION TERRITORY GOODS AND SERVICES TAX BILL, 2017 CHAPTER I PRELIMINARY 1. Short title, extent and commencement. 2. Definitions. CHAPTER II ADMINISTRATION 3. Officers under this Act. 4. Authorisation of officers. 5. Powers of officers. 6. Authorisation of officers of central tax as proper officer in certain circumstances. CHAPTER III LEVY AND COLLECTION OF… Read More »

GST network free from cyber-attack and data theft

By | April 12, 2017

GST network free from cyber-attack and data theft Till 7:00 Pm on 1st March, 2017, 48,48,641 taxpayers had enrolled on GST portal (www.gst.gov.in ) Necessary steps are being taken by GSTN to ensure robust cyber security of GST Network. To ensure the same, inputs from National Cyber Security Coordinator (NCSC), officers from the Intelligence Bureau… Read More »

Category: GST

14th April 2017 declared as Closed Holiday

By | April 12, 2017

MINISTRY OF PERSONNEL, PUBLIC GRIEVANCES AND PENSIONS (Department of Personnel and Training) NOTIFICATION New Delhi, the 5th April, 2017 G.S.R. 335(E).—In exercise of the Powers conferred by Section 25 of the Negotiable Instruments Act, 1881 (26 of 1881), the Central Government hereby declares Friday, the 14th April, 2017 as a Closed Holiday throughout India on… Read More »

USA IRS Urges Taxpayers Not to Rush; Choose Return Preparers Wisely

By | April 12, 2017

IRS Urges Taxpayers Not to Rush; Choose Return Preparers Wisely WASHINGTON – As the tax filing season deadline approaches, the Internal Revenue Service is reminding taxpayers to select who will prepare their 2016 federal tax return carefully. With the filing deadline less than two weeks away, appointments with some tax professionals may be limited. A… Read More »