Daily Archives: April 14, 2017

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

14 Definitions-UTGST Bill 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 »

13 Recovery of tax- UTGST Bill 2017

THE UNION TERRITORY GOODS AND SERVICES TAX BILL, 2017 Recovery of tax. 13. (1) Where any amount of tax, interest or penalty is payable by a person to the Government under any of the provisions of this Act or the rules made thereunder and which remains unpaid, the proper officer of central tax, during the… Read More »

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

9 Payment of tax- UTGST Bill 2017

THE UNION TERRITORY GOODS AND SERVICES TAX BILL, 2017 CHAPTER IV PAYMENT OF TAX Payment of tax. 9. The amount of input tax credit available in the electronic credit ledger of the registered person on account of,— (a) integrated tax shall first be utilised towards payment of integrated tax and the amount remaining, if any,… Read More »

7 Levy and collection- UTGST Bill 2017

THE UNION TERRITORY GOODS AND SERVICES TAX BILL, 2017 CHAPTER III LEVY AND COLLECTION OF TAX Levy and collection. 7. (1) Subject to the provisions of sub-section (2), there shall be levied a tax called the Union territory tax on all intra-State supplies of goods or services or both, except on the supply of alcoholic… Read More »

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

5 Powers of officers-UTGST Bill 2017

THE UNION TERRITORY GOODS AND SERVICES TAX BILL, 2017 Powers of officers. 5. (1) Subject to such conditions and limitations as the Commissioner may impose, an officer of the Union territory tax may exercise the powers and discharge the duties conferred or imposed on him under this Act. (2) An officer of a Union territory… Read More »

4 Authorisation of officers-UTGST Bill 2017

THE UNION TERRITORY GOODS AND SERVICES TAX BILL, 2017 Authorisation of officers. 4. The Administrator may, by order, authorise any officer to appoint officers of Union territory tax below the rank of Assistant Commissioner of Union territory tax for the administration of this Act.

3 Officers under this Act- UTGST Bill 2017

THE UNION TERRITORY GOODS AND SERVICES TAX BILL, 2017 CHAPTER II ADMINISTRATION Officers under this Act. 3. The Administrator may, by notification, appoint Commissioners and such other class of officers as may be required for carrying out the purposes of this Act and such officers shall be deemed to be proper officers for such purposes… Read More »

2 Definitions- UTGST Bill 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 »

25 Removal of difficulties- IGST Bill 2017

THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 Removal of difficulties. 25. (1) If any difficulty arises in giving effect to any provision of this Act, the Government may, on the recommendations of the Council, by a general or a special order published in the Official Gazette, make such provisions not inconsistent with the provisions… Read More »

22 Power to make rules- IGST Bill 2017

THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 Power to make rules. 22. (1) The Government may, on the recommendations of the Council, by notification, make rules for carrying out the provisions of this Act. (2) Without prejudice to the generality of the provisions of sub-section (1), the Government may make rules for all or… Read More »

16 Zero rated supply-IGST Bill 2017

THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017 CHAPTER VII ZERO RATED SUPPLY Zero rated supply. 16. (1) “zero rated supply” means any of the following supplies of goods or services or both, namely:–– (a) export of goods or services or both; or (b) supply of goods or services or both to a Special Economic… Read More »

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

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 »

Hiring of Internal Auditors for MSTC Ltd FY 2017-18

MSTC Limited Last Date : Apr 28, 2017 HIRING OF INTERNAL AUDITORS FOR MSTC LIMITED FOR THE F.YEAR 2017-18 Address: 225C, AJC Bose Road, Kolkata-7000 20 Phone: 2289-842/43,22812878 Email: mstcindia@mstcindia.co.in Download TENDER DOCUMENT For HIRING OF INTERNAL AUDITORS FOR MSTC LIMITED FOR THE F.YEAR 2017-18

PINCODE for sending ITR V etc to CPC Bengaluru

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

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

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 »

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

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

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

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

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

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

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

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

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

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 »