Daily Archives: July 6, 2017

Section 27 UP GST Act 2017 : Special provisions relating to casual taxable person and non-resident taxable person

Section 27 UP GST Act 2017 [ Section 27 UP GST Act 2017 explains Special provisions relating to casual taxable person and non-resident taxable person  and is covered in Chapter VI :  Registration ] Special provisions relating to casual taxable person and non-resident taxable person 27. (1) The certificate of registration issued to a casual taxable person or a non-resident… Read More »

Section 24 UP GST Act 2017 : Compulsory registration in certain cases

Section 24 UP GST Act 2017 [ Section 24 UP GST Act 2017 explains Compulsory registration in certain cases  and is covered in Chapter VI :  Registration ] Compulsory registration in certain cases 24. Notwithstanding anything contained in sub-section (1) of section 22, the following categories of persons shall be required to be registered under this Act,- (i) persons making… Read More »

GST Rate of Rental Services of Transport vehicle : Corrigendum Dated 5th July, 2017 to Notification No. 8/2017-Integrated Tax (Rate) dated 28th June, 2017

GST Rate of Rental Services of Transport vehicle with or without operator : Amendment in Notification No. 8/2017-Integrated Tax (Rate), dated the 28th June, 2017  vide Corrigendum  dated 5th July, 2017 MINISTRY OF FINANCE (Department of Revenue) CORRIGENDUM New Delhi, the 5th July, 2017 G.S.R. 838(E).—In the English version of the notification of the Government of India in… Read More »

CORRIGENDUM to Notification No 58/2017 dated the 3rd July 2017,

Notification No 58/2017 dated the 3rd July 2017, Amended Vide Notification No. 60/2017 / F. No. 370142/10/2017–TPL Dated 6th July, 2017 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDUM New Delhi, the 6th July, 2017 INCOME-TAX G.S.R. 841(E).—In the notification of the Government of India, Ministry of Finance, Department of Revenue (Central… Read More »

Direct Tax collections up to June 2017 increase of 14.8%

Direct Tax Collections up to June, 2017 for F.Y. 2017-2018 stood at Rs.1,42 Lakh crore registering a Growth of 14.8% higher than the net collections for the corresponding period of last year; Net direct tax collections represent 14.5% of the total Budget Estimates of Rs. 9.8 lakh crore for Direct Taxes for F.Y. 2017-18.  The… Read More »

Regulations under Insolvency and Bankruptcy Code 2016 : Comments invited

Insolvency and Bankruptcy Board of India invites comments from public on the Regulations notified under the Insolvency and Bankruptcy Code, 2016.  The Insolvency and Bankruptcy Code, 2016 (Code) is a modern economic legislation. Section 240 of the Code empowers the Insolvency and Bankruptcy Board of India (IBBI) to make regulations subject to the conditions that the regulations: (a) carry out the… Read More »

Time to issue GST Certificate ( GSTIN ) after ARN (Application Reference Number ) generation

After generation of Application Reference Number (ARN), the Registration Certificate (RC) containing GSTIN will be issued after 3 working days, unless approved earlier by Tax Officer After generation of Application Reference Number (ARN), the Registration Certificate (RC) containing GSTIN will be issued after 3 working days, unless approved earlier by Tax Officer. For example if… Read More »

Section 10 UP GST Act 2017 : Composition levy

Section 10 UP GST Act 2017 [ Section 10 UP GST Act 2017 explains Composition levy and is covered in Chapter III : Levy and Collection of Tax ] Composition levy 10. (1) Notwithstanding anything to the contrary contained in this Act but subject to the provisions of sub-sections (3) and (4) of section 9, a registered person, whose… Read More »

GST FAQ’s for Traders

GST FAQ’s for Traders Q 1. How will GST benefit the Trading Community? Ans. Under GST, a trader would be entitled to avail input tax credit paid on their domestic procurements of goods and services unlike the present indirect tax regime. Presently, a significant portion of indirect taxes namely Central Excise and Service Tax form part… Read More »

Exchange Rate of Foreign Currency W.E.F 07.07.2017

Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified  In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs No.53/2017-CUSTOMS (N.T.), dated 15th June, 2017, except as respects things done or omitted… Read More »

Section 7 UP GST Act 2017 : Scope of supply

Section 7 UP GST Act 2017 [ Section 7 UP GST Act 2017 explains Authorisation of officers of central tax as proper officer in certain circumstances and is covered in Chapter III : Levy and Collection of Tax ] Scope of supply 7. (1) For the purposes of this Act, the expression “supply” includes— (a) all forms of supply… Read More »

Section 6 UP GST Act 2017 : Authorisation of officers of central tax as proper officer in certain circumstances

Section 6 UP GST Act 2017 [ Section 6 UP GST Act 2017 explains Authorisation of officers of central tax as proper officer in certain circumstances and is covered in Chapter II : Administration ] Authorisation of officers of central tax as proper officer in certain circumstances 6. (1) Without prejudice to the provisions of this Act, the officers… Read More »

Section 5 UP GST Act 2017 : Powers of officers

Section 5 UP GST Act 2017 [ Section 5 UP GST Act 2017 explains Powers of officers and is covered in Chapter II : Administration ] Powers of officers 5. (1) Subject to such conditions and limitations as the Commissioner may impose, an officer of State tax may exercise the powers and discharge the duties conferred or imposed on… Read More »

Section 3 UP GST Act 2017 : Officer under this Act

Section 3 UP GST Act 2017 [ Section 3 UP GST Act 2017 explains Officer under this Act and is covered in Chapter II : Administration ] Officer under this Act 3. The Government shall, by notification, appoint the following classes of officers for the purposes of this Act, namely:— (a) Principal Commissioner, Chief Commissioner or Commissioner of State… Read More »

Section 2 UP GST Act 2017 : Definitions

Section 2 UP GST Act 2017 [ Section 2 UP GST Act 2017 explains Definitions  and is covered in Chapter I : Preliminary ] Definitions 2. In this Act, unless the context otherwise requires,— (1) “actionable claim” shall have the same meaning as assigned to it in section 3 of the Transfer of Property Act, 1882 (Act… Read More »

UP GST Rules 2017 – Download

UP GST Rules 2017 UP GST Rules 2017 enforced w.e.f 29.06.2017 vide  Notification No 2/819/11-9(42)/17-UPGSTRules2017-Order -(04)-2017 dated 28th June 2017 Download UP GST Rules 2017 in Hindi Related Topic on GST Topic Click Link GST Acts  Central GST Act and States GST Acts     GST Rules GST Rules   GST Rates GST Rates     GST… Read More »

Schedule III West Bengal GST Ordinance 2017 : Activities or Transactions Which Shall Be Treated Neither as A Supply of Goods Nor a Supply of Services

Schedule III West Bengal GST Ordinance 2017 [ Schedule III   West Bengal GST Ordinance 2017  explains Activities or Transactions Which Shall Be Treated Neither as A Supply of Goods Nor a Supply of Services  ] SCHEDULE III [See section 7] ACTIVITIES OR TRANSACTIONS WHICH SHALL BE TREATED NEITHER AS A SUPPLY OF GOODS NOR A SUPPLY OF SERVICES 1. Services… Read More »

Schedule II West Bengal GST Ordinance 2017 : Activities To Be Treated as Supply of Goods or Supply of Services

Schedule II West Bengal GST Ordinance 2017 [ Schedule II   West Bengal GST Ordinance 2017  explains Activities To Be Treated as Supply of Goods or Supply of Services ] SCHEDULE II [See section 7] ACTIVITIES TO BE TREATED AS SUPPLY OF GOODS OR SUPPLY OF SERVICES 1. Transfer (a) any transfer of the title in goods is a supply of… Read More »

Schedule I West Bengal GST Ordinance 2017 : Activities To be Treated as Supply Even If Made Without Consideration

Schedule I West Bengal GST Ordinance 2017 [ Schedule I   West Bengal GST Ordinance 2017  explains Activities To be Treated as Supply Even If Made Without Consideration  ] SCHEDULE I [See section 7] ACTIVITIES TO BE TREATED AS SUPPLY EVEN IF MADE WITHOUT CONSIDERATION 1. Permanent transfer or disposal of business assets where input tax credit has been availed on… Read More »

Section 172 West Bengal GST Ordinance 2017 : Removal of difficulties

Section 172 West Bengal GST Ordinance 2017 [ Section 172  West Bengal GST Ordinance 2017  explains Removal of difficulties  and is covered in Chapter XXI : Miscellaneous  ] Removal of difficulties 172. (1) If any difficulty arises in giving effect to any provisions of this Ordinance, the Government may, on the recommendations of the Council, by a general or a… Read More »

Section 171 West Bengal GST Ordinance 2017 : Anti-profiteering Measure

Section 171 West Bengal GST Ordinance 2017 [ Section 171  West Bengal GST Ordinance 2017  explains Anti-profiteering Measure  and is covered in Chapter XXI : Miscellaneous  ] Anti-profiteering Measure 171. (1) Any reduction in rate of tax on any supply of goods or services or the benefit of input tax credit shall be passed on to the recipient by way… Read More »

Section 169 West Bengal GST Ordinance 2017 : Service of notice in certain circumstances

Section 169 West Bengal GST Ordinance 2017 [ Section 169  West Bengal GST Ordinance 2017  explains Service of notice in certain circumstances  and is covered in Chapter XXI : Miscellaneous  ] Service of notice in certain circumstances 169. (1) Any decision, order, summons, notice or other communication under this Ordinance or the rules made thereunder shall be served by any… Read More »

Section 168 West Bengal GST Ordinance 2017 : Power to issue instructions or directions

Section 168 West Bengal GST Ordinance 2017 [ Section 168  West Bengal GST Ordinance 2017  explains Power to issue instructions or directions  and is covered in Chapter XXI : Miscellaneous  ] Power to issue instructions or directions 168. The Commissioner may, if he considers it necessary or expedient so to do for the purpose of uniformity in the implementation of… Read More »

Section 167 West Bengal GST Ordinance 2017 : Delegation of powers

Section 167 West Bengal GST Ordinance 2017 [ Section 167  West Bengal GST Ordinance 2017  explains Delegation of powers and is covered in Chapter XXI : Miscellaneous  ] Delegation of powers 167. The Commissioner may, by notification, direct that subject to such conditions, if any, as may be specified in the notification, any power exercisable by any authority or officer… Read More »

Section 166 West Bengal GST Ordinance 2017 : Laying of rules, regulations and notifications

Section 166 West Bengal GST Ordinance 2017 [ Section 166  West Bengal GST Ordinance 2017  explains Laying of rules, regulations and notifications and is covered in Chapter XXI : Miscellaneous  ] Laying of rules, regulations and notifications 166. Every rule made by the Government, every regulation made by the Government and every notification issued by the Government under this Ordinance,… Read More »

Section 165 West Bengal GST Ordinance 2017 : Power to make regulations

Section 165 West Bengal GST Ordinance 2017 [ Section 165  West Bengal GST Ordinance 2017  explains Power to make regulations and is covered in Chapter XXI : Miscellaneous  ] Power to make regulations 165. The Government may, by notification, make regulations consistent with this Act and the rules made thereunder to carry out the provisions of this Ordinance.   Read… Read More »