Daily Archives: April 12, 2017

8 Intra-State supply -IGST Bill 2017

THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 Intra-State supply. 8. (1) Subject to the provisions of section 10, supply of goods where the location of the supplier and the place of supply of goods are in the same State or same Union territory shall be treated as intra-State supply: Provided that the following supply… Read More »

7 Inter-State supply -IGST Bill 2017

THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 CHAPTER IV DETERMINATION OF NATURE OF SUPPLY Inter-State supply. 7. (1) Subject to the provisions of section 10, supply of goods, where the location of the supplier and the place of supply are in–– (a) two different States; (b) two different Union territories; or (c) a State… Read More »

5 Levy and collection -IGST Bill 2017

THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 CHAPTER III LEVY AND COLLECTION OF TAX Levy and collection. 5. (1) Subject to the provisions of sub-section (2), there shall be levied a tax called the integrated goods and services tax on all inter-State supplies of goods or services or both; except on the supply of… Read More »

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

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

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 »

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

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 »

UTGST Bill 2017 Chapter Wise – Section wise

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

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

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

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 »