Daily Archives: April 14, 2017

19 Transitional provisions relating to job work-UTGST Bill 2017

By | April 14, 2017

THE UNION TERRITORY GOODS AND SERVICES TAX BILL, 2017 Transitional provisions relating to job work. 19. (1) Where any inputs received at a place of business had been desptached as such or desptached after being partially processed to a job worker for further processing, testing, repair,  econditioning or any other purpose in accordance with the… Read More »

17 Migration of existing tax payers-UTGST Bill 2017

By | April 14, 2017

THE UNION TERRITORY GOODS AND SERVICES TAX BILL, 2017 CHAPTER VIII TRANSITIONAL PROVISIONS Migration of existing tax payers. 17. (1) On and from the appointed day, every person registered under any of the existing laws and having a valid Permanent Account Number shall be issued a certificate of registration on provisional basis, subject to such… Read More »

16 Constitution of Appellate Authority for Advance Ruling-UTGST Bill 2017

By | April 14, 2017

THE UNION TERRITORY GOODS AND SERVICES TAX BILL, 2017 Constitution of Appellate Authority for Advance Ruling. 16. (1) The Central Government shall, by notification, constitute an Appellate Authority to be known as (name of the Union territory) Appellate Authority for Advance Ruling for Goods and Services Tax for hearing appeals against the advance ruling pronounced… Read More »

15 Constitution of Authority for Advance Ruling- UTGST Bill 2017

By | April 14, 2017

THE UNION TERRITORY GOODS AND SERVICES TAX BILL, 2017 Constitution of Authority for Advance Ruling. 15. (1) The Central Government shall, by notification, constitute an Authority to be known as the name of the Union territory, Authority for Advance Ruling: Provided that the Central Government may, on the recommendations of the Council, notify any Authority… Read More »

14 Definitions-UTGST Bill 2017

By | April 14, 2017

THE UNION TERRITORY GOODS AND SERVICES TAX BILL, 2017 CHAPTER VII ADVANCE RULING Definitions. 14. In this Chapter, unless the context otherwise requires,— (a) ‘‘advance ruling’’ means a decision provided by the Authority or the Appellate Authority to an applicant on matters or on questions specified in sub-section (2) of section 97 or sub-section (1)… Read More »

12 Tax wrongfully collected and paid to Central Government or Union territory Government- UTGST Bill 2017

By | April 14, 2017

THE UNION TERRITORY GOODS AND SERVICES TAX BILL, 2017 CHAPTER VI DEMANDS AND RECOVERY Tax wrongfully collected and paid to Central Government or Union territory Government. 12. (1) A registered person who has paid the central tax and the Union territory tax on a transaction considered by him to be an intra-State supply, but which… Read More »

11 Officers required to assist proper officers- UTGST Bill 2017

By | April 14, 2017

THE UNION TERRITORY GOODS AND SERVICES TAX BILL, 2017 CHAPTER V INSPECTION, SEARCH SEIZURE AND ARREST Officers required to assist proper officers. 11. (1) All officers of Police, Railways, Customs, and those officers engaged in the collection of land revenue, including village officers, and officers of central tax and officers of the State tax shall… Read More »

6 Authorisation of officers of central tax as proper officer in certain circumstances-UTGST Bill 2017

By | April 14, 2017

THE UNION TERRITORY GOODS AND SERVICES TAX BILL, 2017 Authorisation of officers of central tax as proper officer in certain circumstances. 6. (1) Without prejudice to the provisions of this Act, the officers appointed under the Central Goods and Services Tax Act are authorised to be the proper officers for the purposes of this Act,… Read More »

2 Definitions- UTGST Bill 2017

By | April 14, 2017

THE UNION TERRITORY GOODS AND SERVICES TAX BILL, 2017 Definitions. 2. In this Act, unless the context otherwise requires,— (1) ‘‘appointed day’’ means the date on which the provisions of this Act shall come into force. (2) ‘‘Commissioner’’ means the Commissioner of Union territory tax appointed under section 3; (3) ‘‘designated authority’’ means such authority… Read More »

Statements of Objects and Reasons- IGST Bill 2017

By | April 14, 2017

THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 STATEMENT OF OBJECTS AND REASONS Presently, article 269 of the Constitution empowers the Parliament to make law on the taxes to be levied on the sale or purchase taking place in the course of inter-State trade or commerce. Accordingly, Parliament had enacted the Central Sales Tax Act,… Read More »

21 Import of services made on or after the appointed day- IGST Bill 2017

By | April 14, 2017

THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 Import of services made on or after the appointed day. 21. Import of services made on or after the appointed day shall be liable to tax under the provisions of this Act regardless of whether the transactions for such import of services had been initiated before the… Read More »

20 Application of provisions of Central Goods and Services Tax Act- IGST Bill 2017

By | April 14, 2017

THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 CHAPTER IX MISCELLANEOUS Application of provisions of Central Goods and Services Tax Act. 20. Subject to the provisions of this Act and the rules made thereunder, the provisions of Central Goods and Services Tax Act relating to,–– (i) scope of supply; (ii) composite supply and mixed supply;… Read More »

19 Tax wrongfully collected and paid to Central Government or State Government-IGST Bill 2017

By | April 14, 2017

THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 Tax wrongfully collected and paid to Central Government or State Government. 19. (1) A registered person who has paid integrated tax on a supply considered by him to be an inter-State supply,                but which is subsequently held to be an… Read More »

17 Apportionment of tax and settlement of funds- IGST Bill 2017

By | April 14, 2017

THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 CHAPTER VIII APPORTIONMENT OF TAX AND SETTLEMENT OF FUNDS Apportionment of tax and settlement of funds. 17. (1) Out of the integrated tax paid to the Central Government,–– (a) in respect of inter-State supply of goods or services or both to an unregistered person or to a… Read More »

15 Refund of integrated tax paid on supply of goods to tourist leaving India-IGST Bill 2017

By | April 14, 2017

THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 CHAPTER VI REFUND OF INTEGRATED TAX TO INTERNATIONAL TOURIST Refund of integrated tax paid on supply of goods to tourist leaving India. 15. The integrated tax paid by tourist leaving India on any supply of goods taken out of India by him shall be refunded in such… Read More »

14 Special provision for payment of tax by a supplier of online information and database access or retrieval services-IGST Bill 2017

By | April 14, 2017

THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 Special provision for payment of tax by a supplier of online information and database access or retrieval services. 14. (1) On supply of online information and database access or retrieval services by any person located in a non-taxable territory and received by a non-taxable online recipient, the… Read More »

13 Place of supply of services where location of supplier or location of recipient is outside India- IGST Bill 2017

By | April 14, 2017

THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 Place of supply of services where location of supplier or location of recipient is outside India. 13. (1) The provisions of this section shall apply to determine the place of supply of services where the location of the supplier of services or the location of the recipient… Read More »

PINCODE for sending ITR V etc to CPC Bengaluru

By | April 14, 2017

A unique PINCODE 560500 has been allotted to Centralized Processing Centre (CPC), Income Tax Department located in Bengaluru by the Department of Post. Taxpayers can henceforth address their mails to “Centralized Processing Center, Income Tax Department, Bengaluru 560500” for the purpose of submission of ITR-V forms and other documents which require physical mode of transmission.

Income Tax Dept to verify cash deposits by Govt. employees & businessmen during Demonetization

By | April 14, 2017

CBDT to verify large cash deposits by Govt. employees and businessmen during demonetization period Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 14th April, 2017. PRESS RELEASE CBDT’s Operation Clean Money Reins in the Black Economy The Income Tax Department (ITD) launched “Operation Clean Money” (OCM) on… Read More »

V.S. Datey – GST Ready Reckoner – April 2017 Edition -Taxmann

By | April 14, 2017

GST Ready Reckoner (April 2017 Edition) Paperback – 2017 by V.S. Datey (Author) Key Contents of GST Ready Reckoner :-  Charge of Tax,Composition Scheme ,Exemptions,Place and Time of Supply of Goods and Services,Valuation of Supply,Input Tax Credit ,Registration under GST,Tax Invoice, Credit and Debit Notes,Returns in GST ,Job Work ,Reverse Charge ,Taxability of e-Commerce/TDS,Anti-profiteering ,Refunds, Demands… Read More »

Professional’s Guide to GST – From Ideation to Reality – 3rd edition 2017 -Abhishek A Rastogi

By | April 14, 2017

Professional’s Guide to GST – From Ideation to Reality Paperback – 1 Apr 2017 by Abhishek A Rastogi (Author) Foreword by Shri Arun Jaitley (Minister of Finance and Corporate Affairs) Fully updated commentary on 4 GST Bills as passed by Lok Sabha on 29th March 2017 The Central Goods and Services Tax Bill, 2017 The Integrated… Read More »

Master Guide to Corporate Taxation -Finance Act 2017- OP Yadav Book 2nd edition

By | April 14, 2017

Master Guide to Corporate Taxation – As amended by the Finance Act, 2017 Paperback – 2017 by O P Yadav (Author) This book is a complete treatise on the provisions of Income-tax Act, 1961 connected to computation of total income of Indian companies and companies which are treated as Resident in India for the assessment years 2017-18… Read More »

Chaturvedi and Pithisaria’s Income Tax Rules -April 2017 Edition Book

By | April 14, 2017

Chaturvedi and Pithisaria’s Income Tax Rules (with Allied Rules and Relevant Schemes) Paperback – 1 Apr 2017 by Chaturvedi & Pithisaria (Author) Salient Features: New Return Forms with Instructions for A.Y 2017-2018 57 Allied Rules and Relevant Schemes Includes Revised Income Computation and Disclosure Standards Comprehensive Legislative History since 1961 Rules, Forms and Related Terms have… Read More »

Handbook to Income Tax Rules -26th edition 2017 – Madhusudan Agarwal – Bharat Publication

By | April 14, 2017

Handbook to Income Tax Rules  Paperback – 2017 by Madhusudan Agarwal (Author) Contents of this book -Handbook to Income Tax Rules -26th edition 2017 Division 1 Checklists & Tables 1 Prescribed Authorities under the Income Tax Rules/Act 2 Prescribed Audit Reports under the Income Tax Rules/Act 3 Prescribed Reports/Certificates from an Accountant under section 288(2), Explanation… Read More »

ICDS -4th Edition 2017 Book- Kamal Garg -Income Computation & Disclosure Standards – Bharat Publication

By | April 14, 2017

Income Computation & Disclosure Standards [ICDS] Paperback – 2017 by Kamal Garg (Author) With CBDT Circular No. 10/2017, dated 23-3-2017 Contents of this Book  – Income Computation & Disclosure Standards [ICDS] -2017 DIVISION I Financial Reporting Framework & ICDS Chapter 1      Financial Reporting Framework — An Introduction Chapter 2      Income Computation and Disclosure Standards — An Introduction… Read More »

TAX AUDIT and e-FILING – Book -5th Edition 2017 -Kamal Garg -Bharat Publication

By | April 14, 2017

TAX AUDIT and e-FILING Paperback – 2017 by CA Kamal Garg (Author) Contents of this Book -TAX AUDIT and e-FILING – Book  Chapter 1        Tax Audit under section 44AB of the Income Tax Act, 1961 Chapter 2        Clauses 1 to 8 Chapter 3        Clause 9: Details of Firms, LLPs, AOPs Chapter 4        Clause 10: Nature of… Read More »

Guide to International Taxation Book-5th edition 2017 – CA Kamal Garg -Bharat Publication

By | April 14, 2017

Guide to International Taxation  Paperback – 2017 by CA Kamal Garg (Author) Contents of this book – Guide to International Taxation  Chapter 1        Residence and Scope of Total Income Chapter 2        Special Provisions Relating to Foreign Company Said to be Resident In India Chapter 3        Income not to be included in the Total Income Chapter 4        Presumptive… Read More »

V.S. Datey -Central Excise Law & Practice – 26th Edition 2017 Book

By | April 14, 2017

Central Excise Law & Practice (26th Edition 2017-As Amended by Finance Act 2017) Hardcover – 2017 by V.S. Datey (Author) Also Incorporating Central Excise Valuation and Classification Cenvat Credit Central Excise Procedures SSIs/Job Work Price Rs 1507. Click to buy online Hardcover: 1320 pages Publisher: Taxmann Publications Pvt. Ltd.; 26th Edition edition (2017)  

V.S. Datey- Customs Law Practice & Procedures 18th Edition 2017 Book

By | April 14, 2017

Customs Law Practice & Procedures (18th Edition 2017-As Amended by Finance Act) Hardcover – 2017 by V.S. Datey (Author) Also Incorporating : Customs Valuation, Special Economic Zone and EOU,Customs Procedures, Export Incentives, Foreign Trade Policy 2015-2020 Price Rs 1625. Click to buy online Hardcover: 912 pages Publisher: Taxmann Publications Pvt. Ltd.; 18th Edition edition (2017) View… Read More »

CGST Act 2017 of India – Chapter Wise and Section Wise

By | April 14, 2017

CGST Act 2017 CGST Act 2017  also known as CENTRAL GOODS AND SERVICES TAX ACT 2017 has been Assented by the President of India on 12-4-2017 . Chapter wise sections under CGST Act 2017 are furnished below. Chapter wise sections under CGST Act 2017 CHAPTER I PRELIMINARY Sections Section 1 . Short title, extent and commencement.… Read More »

Section 1 CGST Act 2017 – Short title, extent and commencement.

By | April 14, 2017

Section 1 CGST Act 2017 [ Section 1 CGST Act 2017 Notified w.e.f 22.06.2017 vide Notification No. 1/2017 – Central Tax Dated 19.06.2017 ] [ CENTRAL GOODS AND SERVICES TAX ACT, 2017 Assented by the President of India on 12-4-2017 – An Act to make a provision for levy and collection of tax on intra-State supply of goods… Read More »