Daily Archives: April 19, 2017

Depreciation allowed on landscape expenses on uneven leasehold land

By | April 19, 2017

Held The assessee has incurred the landscape expenses on the leasehold land situated at Sikkim Unit to level the uneven land for construction of factory building. Since the same has been disallowed as capital in nature, the same should be included in the block of building and the assessee would be entitled for depreciation @10%.… Read More »

Cabinet approves procurement of Voter Verifiable Paper Audit Trail in Elections

By | April 19, 2017

Cabinet approves procurement of Voter Verifiable Paper Audit Trail Units for use in the General Elections, 2019 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for procurement of Voter Verifiable Paper Audit Trail (VVPAT) Units for use in the General Elections, 2019 for a)    purchase of  16,15,000 Voter… Read More »

Cabinet gives approval for introduction of Constitution (123 rd Amendment) Bill 2017

By | April 19, 2017

Cabinet gives approval for introduction of Constitution (One Hundred and Twenty-third Amendment) Bill 2017 and (ii) National Commission for Backward Classes (Repeal) Bill, 2017 in the Parliament Approval also granted for retention of posts and office premises for the proposed new National Commission for Backward Classes The Union Cabinet chaired by the Prime Minister Shri… Read More »

Section 124 CGST Act 2017 Fine for failure to furnish statistics.

By | April 19, 2017

Section 124 CGST Act 2017 [ Section 124 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 124 CGST Act 2017 explains fine for failure to furnish statistics and is covered in Chapter XIX – Offences and Penalties [Note : CGST Act 2017 also known as CENTRAL GOODS… Read More »

Section 123 CGST Act 2017 Penalty for failure to furnish information return

By | April 19, 2017

Section 123 CGST Act 2017 [ Section 123 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 123 CGST Act 2017 explains Penalty for failure to furnish information return and is covered in Chapter XIX – Offences and Penalties [Note : CGST Act 2017 also known as CENTRAL GOODS… Read More »

Section 122 CGST Act 2017 Penalty for certain offences.

By | April 19, 2017

Section 122 CGST Act 2017 [ Section 122 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 122 CGST Act 2017 explains Penalty for certain offences and is covered in Chapter XIX – Offences and Penalties [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX… Read More »

Section 121 CGST Act 2017 Non-appealable decisions and orders.

By | April 19, 2017

Section 121 CGST Act 2017 [ Section 121 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 121 CGST Act 2017 explains Non-appealable decisions and orders  and is covered in Chapter XVIII -Appeals and Revision [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES… Read More »

Section 120 CGST Act 2017 Appeal not to be filed in certain cases

By | April 19, 2017

Section 120 CGST Act 2017 [ Section 120 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 120 CGST Act 2017 explains appeal not to be filed in certain cases and is covered in Chapter XVIII -Appeals and Revision [Note : CGST Act 2017 also known as CENTRAL… Read More »

Section 119 CGST Act 2017 Sums due to be paid notwithstanding appeal, etc.

By | April 19, 2017

Section 119 CGST Act 2017 [ Section 119 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 119 CGST Act 2017 explains Sums due to be paid notwithstanding appeal, etc and is covered in Chapter XVIII -Appeals and Revision [Note : CGST Act 2017 also known as CENTRAL GOODS… Read More »

Section 118 CGST Act 2017 Appeal to Supreme Court.

By | April 19, 2017

Section 118 CGST Act 2017 [ Section 118 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 118 CGST Act 2017 explains Appeal to Supreme Court and is covered in Chapter XVIII -Appeals and Revision [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX ACT,… Read More »

Section 116 CGST Act 2017 Appearance by authorised representative.

By | April 19, 2017

Section 116 CGST Act 2017 [ Section 116 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 116 CGST Act 2017 explains Appearance by authorised representative  and is covered in Chapter XVIII -Appeals and Revision [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES… Read More »

Section 115 CGST Act 2017 Interest on refund of amount paid for admission of appeal.

By | April 19, 2017

Section 115 CGST Act 2017 [ Section 115 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 115 CGST Act 2017 explains Interest on refund of amount paid for admission of appeal. and is covered in Chapter XVIII -Appeals and Revision [Note : CGST Act 2017 also… Read More »

Section 114 CGST Act 2017 Financial and administrative powers of President

By | April 19, 2017

Section 114 CGST Act 2017 [ Section 114 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 114 CGST Act 2017  explains Financial and administrative powers of President and is covered in Chapter XVIII -Appeals and Revision [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES… Read More »

Section 113 CGST Act 2017 Orders of Appellate Tribunal.

By | April 19, 2017

Section 113 CGST Act 2017 [ Section 113 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 113 CGST Act 2017 explains Orders of Appellate Tribunal and is covered in Chapter XVIII -Appeals and Revision [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX… Read More »

Section 112 CGST Act 2017 – Appeals to Appellate Tribunal.

By | April 19, 2017

Section 112 CGST Act 2017 [ Section 112 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 112 CGST Act 2017 explains appeals to Appellate Tribunal and is covered in Chapter XVIII -Appeals and Revision [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX… Read More »

Section 111 CGST Act 2017 Procedure before Appellate Tribunal.

By | April 19, 2017

Section 111 CGST Act 2017 [ Section 111 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 111 CGST Act 2017 explains Procedure before Appellate Tribunal  and is covered in Chapter XVIII -Appeals and Revision [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX… Read More »

Section 110 CGST Act 2017 President and members of Appellate Tribunal, their qualification, appointment, conditions of service, etc

By | April 19, 2017

Section 110 CGST Act 2017 [ Section 110 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 110 CGST Act 2017 explains President and members of Appellate Tribunal, their qualification, appointment, conditions of service, etc  and Benches thereof  and is covered in Chapter XVIII -Appeals and Revision… Read More »

Section 109 CGST Act 2017 Constitution of Appellate Tribunal and Benches thereof.

By | April 19, 2017

Section 109 CGST Act 2017 [ Section 109 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 109 CGST Act 2017 explains Constitution of Appellate Tribunal and Benches thereof  and is covered in Chapter XVIII -Appeals and Revision [Note : CGST Act 2017 also known as CENTRAL GOODS… Read More »

Section 108 CGST Act 2017 Powers of Revisional Authority.

By | April 19, 2017

Section 108 CGST Act 2017 [ Section 108 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 108 CGST Act 2017 explains Powers of Revisional Authority and is covered in Chapter XVIII -Appeals and Revision [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX… Read More »

Section 107 CGST Act 2017 Appeals to Appellate Authority.

By | April 19, 2017

Section 107 CGST Act 2017 [ Section 107 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 107 CGST Act 2017 explains Appeals to Appellate Authority and is covered in Chapter XVIII -Appeals and Revision [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES… Read More »

Section 106 CGST Act 2017 Procedure of Authority and Appellate Authority.

By | April 19, 2017

Section 106 CGST Act 2017 [ Section 106 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 106 CGST Act 2017 explains procedure of Authority and Appellate Authority and is covered in Chapter XVII -Advance Ruling [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES… Read More »

Section 105 CGST Act 2017 Powers of Authority and Appellate Authority.

By | April 19, 2017

Section 105 CGST Act 2017 [ Section 105 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 105 CGST Act 2017 Explains powers of Authority and Appellate Authority and is covered in Chapter XVII -Advance Ruling [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES… Read More »

Section 104 CGST Act 2017 Advance ruling to be void in certain circumstances

By | April 19, 2017

Section 104 CGST Act 2017 [ Section 104 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 104 CGST Act 2017 Explains advance ruling to be void in certain circumstances and is covered in Chapter XVII -Advance Ruling [Note : CGST Act 2017 also known as CENTRAL GOODS… Read More »

Section 103 CGST Act 2017 Applicability of advance ruling.

By | April 19, 2017

Section 103 CGST Act 2017 [ Section 103 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 103 CGST Act 2017 Explains applicability of advance ruling and is covered in Chapter XVII -Advance Ruling [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX ACT,… Read More »

Section 102 CGST Act 2017 Rectification of advance ruling.

By | April 19, 2017

Section 102 CGST Act 2017 [ Section 102 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 102 CGST Act 2017  explains rectification of advance ruling and is covered in Chapter XVII -Advance Ruling [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX ACT,… Read More »

Section 101 CGST Act 2017 Orders of Appellate Authority.

By | April 19, 2017

Section 101 CGST Act 2017 [ Section 101 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 101 CGST Act 2017 explains Orders of Appellate Authority and is covered in Chapter XVII -Advance Ruling [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX ACT, 2017 assented… Read More »

Goods and Service Tax Law and Practice – April 20107 Edition Book- Sanjiv Agarwal & Sanjeev Malhotra

By | April 19, 2017

Goods and Service Tax Law and Practice Paperback – 2017 by Dr. Sanjiv Agarwal (Author), Sanjeev Malhotra (Author) A Section-wise Commentary to the GST Acts, 2017 Incorporating : The Central Goods And Services Tax Act, 2017 The Integrated Goods And Services Tax Act , 2017 The Union Territory Goods And Services Tax Act, 2017 Goods And… Read More »

USA IRS- Announcement of Disciplinary Sanctions from Office of Professional Responsibility

By | April 19, 2017

Announcement of Disciplinary Sanctions from the Office of Professional Responsibility Announcement of Disciplinary Sanctions from the Office of Professional Responsibility The Office of Professional Responsibility (OPR) publishes all disciplinary actions in the Internal Revenue Bulletin (IRB). Published sanctions include censure, suspension or disbarment from practice before the Internal Revenue Service. The below listed individuals have recently been… Read More »

USA IRS -RR-2017-11: Applicable Federal Rates

By | April 19, 2017

Revenue Ruling 2017-11 provides various prescribed rates for federal income tax purposes including the applicable federal interest rates, the adjusted applicable federal interest rates, the adjusted federal long-term rate, the adjusted federal long-term tax-exempt rate. These rates are determined as prescribed by § 1274. The rates are published monthly for purposes of sections 42, 382,… Read More »