Daily Archives: May 17, 2017

Tax Practice Manual-Day to Day Tax Practice Guide for Professionals – 4th Edition Book 2017 -Taxmann

Tax Practice Manual-Day to Day Tax Practice Guide for Professionals 2017 Edition by Gabhawala & Gabhawala – Taxmann A Tax Practice Guide Especially Conceived for Chartered Accountants & Tax Practitioners to assist Them in their day-to-day Tax Works (Direct Taxes /Income tax )*****As Amended by Finance Act 2017 Also Incorporating • More than 325 case… Read More »

Andhra Pradesh passes state GST Bill 2017

Andhra Pradesh legislature passes state GST Bill Andhra Pradesh legislature passes state GST Bill The Andhra Pradesh Legislature today passed the state Goods and Services Tax (GST) Bill. The Parliament had on April 6 passed four legislations to pave the way for nation-wide roll out of GST from July 1. A special sitting of the… Read More »

Puducherry Passes GST Bill 2017

The Puducherry Assembly today unanimously passed the Puducherry Goods and Services Tax Bill, 2017 here. The bill was tabled in the assembly by Chief Minister V Narayanasamy. MLAs of the ruling and opposition blocks participated in the debate after the bill was tabled and expressed their views on various aspects of the GST system. They… Read More »

New Coal Allocation Policy for Power Sector – 2017 – SHAKTI

Cabinet approves Signing of Fuel Supply Agreement (FSA) with Letter of Assurance (LoA) holders of Thermal Power Plants(TPPs) – Fading Away of the existing LoA-FSA Regime and Introduction of a New More Transparent Coal Allocation Policy for Power Sector, 2017-SHAKTI (Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India) The Cabinet Committee on Economic… Read More »

Govt allows Construction for Public works in centrally protected monument/ site.

Cabinet approves Amendment of the Ancient Monuments and Archaeological Sites and Remains Act, 1958 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the introduction of the Ancient Monuments and Archaeological Sites Remains (Amendment) Bill, 2017 in the Parliament. To make way for certain constructions limited strictly to public works and… Read More »

Govt clears law for eviction of unauthorised occupants from Govt residences.

Cabinet approves amendment of the Public Premises (Eviction of Unauthorized Occupants) Act, 1971 to enable summary eviction proceedings in Residential Accommodation The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for amendment in Section 2 and Section 3 of the Public Premises (Eviction of Unauthorised Occupants) Act, 1971 (PPE… Read More »

India and Tajikistan agreement in Customs Matters

Cabinet approves Agreement between India and Tajikistan on Cooperation and Mutual Assistance in Customs Matters The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for signing and ratifying, an Agreement between India and Tajikistan on Cooperation and Mutual Assistance in Customs Matters. The Agreement will help in the availability… Read More »

Govt to Transfer cash into account of Pregnant Women -Maternity Benefit Program

Cabinet approves Pan-India implementation of Maternity Benefit Program The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given ex-post facto approval to Pan-India implementation of Maternity Benefit Program which now has been extended to all districts of the country w.e.f. 01.01.2017. The Prime Minister in his address to the nation on 31.12.2016… Read More »

Tax Treaty Measures to Prevent Base Erosion & Profit Shifting by India

Cabinet approves signing of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting by India The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting. The… Read More »

No Section 68 addition on cash credited in Swiss Bank if information not supplied by Swiss Bank Authority

Held Documents relied by the AO are the copies of the copies which did not have any signature of bank official or name of the bank or the place or the country were the branch was situated. The AO himself admitted in para 6 of the assessment order that the requisite information from the Swiss… Read More »

Section 166 Rajashtan GST Act 2017 – Laying of rules, regulations and notifications

Section 166 Rajashtan GST Act 2017 Section 166 Rajashtan GST Act 2017 explains Laying of rules, regulations and notifications and is covered in Chapter XXI Miscellaneous ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection of tax on intra-State… Read More »

Section 162 Rajashtan GST Act 2017 – Bar on jurisdiction of civil courts

Section 162 Rajashtan GST Act 2017 Section 162 Rajashtan GST Act 2017 explains Bar on jurisdiction of civil courts and is covered in Chapter XXI Miscellaneous ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection of tax on intra-State… Read More »

Section 161 Rajashtan GST Act 2017 – Rectification of errors apparent on the face of record

Section 161 Rajashtan GST Act 2017 Section 161 Rajashtan GST Act 2017 explains Rectification of errors apparent on the face of record and is covered in Chapter XXI Miscellaneous ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection of… Read More »

Section 160 Rajashtan GST Act 2017 – Assessment proceedings, etc. not to be invalid on certain grounds

Section 160 Rajashtan GST Act 2017 Section 160 Rajashtan GST Act 2017 explains Assessment proceedings, etc. not to be invalid on certain grounds and is covered in Chapter XXI Miscellaneous ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection… Read More »

Section 159 Rajashtan GST Act 2017-Publication of information in respect of persons in certain cases

Section 159 Rajashtan GST Act 2017 Section 159 Rajashtan GST Act 2017 explains Publication of information in respect of persons in certain cases and is covered in Chapter XXI Miscellaneous ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection… Read More »

Section 158 Rajashtan GST Act 2017- Disclosure of information by a public servant

Section 158 Rajashtan GST Act 2017 Section 158 Rajashtan GST Act 2017 explains Disclosure of information by a public servant and is covered in Chapter XXI Miscellaneous ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection of tax on… Read More »

Section 157 Rajashtan GST Act 2017 – Protection of action taken under this Act

Section 157 Rajashtan GST Act 2017 Section 157 Rajashtan GST Act 2017 explains Protection of action taken under this Act and is covered in Chapter XXI Miscellaneous ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection of tax on… Read More »

Section 156 Rajashtan GST Act 2017 – Persons deemed to be public servants

Section 156 Rajashtan GST Act 2017 Section 156 Rajashtan GST Act 2017 explains Persons deemed to be public servants and is covered in Chapter XXI Miscellaneous ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection of tax on intra-State… Read More »

Section 152 Rajashtan GST Act 2017 – Bar on disclosure of information

Section 152 Rajashtan GST Act 2017 Section 152 Rajashtan GST Act 2017 explains Bar on disclosure of information and is covered in Chapter XXI Miscellaneous ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection of tax on intra-State supply… Read More »

Section 150 Rajashtan GST Act 2017 – Obligation to furnish information return

Section 150 Rajashtan GST Act 2017 Section 150 Rajashtan GST Act 2017 explains Obligation to furnish information return and is covered in Chapter XXI Miscellaneous ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection of tax on intra-State supply… Read More »

Section 149 Rajashtan GST Act 2017 – Goods and services tax compliance rating

Section 149 Rajashtan GST Act 2017 Section 149 Rajashtan GST Act 2017 explains Goods and services tax compliance rating and is covered in Chapter XXI Miscellaneous ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection of tax on intra-State… Read More »

Section 148 Rajashtan GST Act 2017 -Special procedure for certain processes

Section 148 Rajashtan GST Act 2017 Section 148 Rajashtan GST Act 2017 explains Special procedure for certain processes and is covered in Chapter XXI Miscellaneous ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection of tax on intra-State supply… Read More »

Section 145 Rajashtan GST Act 2017-Admissibility of micro films, facsimile copies of documents and computer printouts as documents and as evidence

Section 145 Rajashtan GST Act 2017 Section 145 Rajashtan GST Act 2017 explains Admissibility of micro films, facsimile copies of documents and computer printouts as documents and as evidence and is covered in Chapter XXI Miscellaneous ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make… Read More »

Section 144 Rajashtan GST Act 2017 – Presumption as to documents in certain cases

Section 144 Rajashtan GST Act 2017 Section 144 Rajashtan GST Act 2017 explains Presumption as to documents in certain cases and is covered in Chapter XXI Miscellaneous ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection of tax on… Read More »

Jammu & Kashmir businesses not ready for GST

Jammu & Kashmir businesses apprehensive over GST impact The business community in Jammu and Kashmir is apprehensive about the implementation of the Goods and Services Tax, fearing the state’s financial autonomy may be compromised and huge losses i ncurred due to lack of awareness on the ground. The business chambers in Srinagar and Jammu plan… Read More »

Category: GST

GST: CBEC fast-tracks IT training of tax officials

GST: CBEC fast-tracks IT training of tax officials The Central Board of Excise and Customs (CBEC) has brought the deadline forward for IT training of officials ahead of the July 1 roll-out of the Goods and Services Tax (GST). Last week, the finance ministry said only 40% of tax officials had been trained on the… Read More »

Category: GST

Section 269ST – Cash Receipt Rs 2 Lakh or more Banned w.e.f 01.04.2017

Section 269ST – Cash Receipt Rs 2 Lakh Banned w.e.f 01.04.2017  Section 269ST – Cash Receipt Rs 2 Lakh or more under Income Tax Commentary on Section 269ST Effective date: Provision is effective from 01/04/2017 (F.Y.2017-18 onwards) Section 269ST applies to all persons :- As per section 2(31), the word person includes individuals, HUFs, companies, firms,… Read More »

EPFO’s Citizens’ Charter 2017 & e-court management system launched

Press Information Bureau Government of India Ministry of Labour & Employment 16-May-2017 18:20 IST Shri Bandaru Dattatreya launches EPFO’s Citizens’ Charter 2017 & e-court management system Citizens’ Charter 2017 to bring transparency and accountability on the part of EPFO The Minister of State for Labour & Employment(IC), Shri Bandaru Dattatreya launched EPFO’s Citizens’ Charter 2017… Read More »