Daily Archives: July 6, 2017

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

By | July 6, 2017

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 25 UP GST Act 2017 : Procedure for registration

By | July 6, 2017

Section 25 UP GST Act 2017 [ Section 25 UP GST Act 2017 explains Procedure for registration  and is covered in Chapter VI :  Registration ] Procedure for registration 25. (1) Every person who is liable to be registered under section 22 or section 24 shall apply for registration within thirty days from the date on which he becomes liable… Read More »

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

By | July 6, 2017

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 »

Section 23 UP GST Act 2017 : Persons not liable for registration

By | July 6, 2017

Section 23 UP GST Act 2017 [ Section 23 UP GST Act 2017 explains Persons not liable for registration  and is covered in Chapter VI :  Registration ] Persons not liable for registration 23. (1) The following persons shall not be liable to registration, namely:— (a) any person engaged exclusively in the business of supplying goods or services or both… 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

By | July 6, 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,

By | July 6, 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 »

Regulations under Insolvency and Bankruptcy Code 2016 : Comments invited

By | July 6, 2017

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 »

Sovereign Gold Bond Scheme 2017-18– Series II from 10.07.2017 to 14.07.2017

By | July 6, 2017

Government of India in consultation with RBI decides to issue Sovereign Gold Bond Scheme 2017-18– Series II; Applications for the bond will be accepted from July 10, 2017 to July 14, 2017; The Bonds will be issued on July 28, 2017.  Government of India, in consultation with the Reserve Bank of India, has decided to… Read More »

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

By | July 6, 2017

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 21 UP GST Act 2017 : Manner of recovery of credit distributed in excess

By | July 6, 2017

Section 21 UP GST Act 2017 [ Section 21 UP GST Act 2017 explains Manner of recovery of credit distributed in excess  and is covered in Chapter V : Input Tax Credit ] Manner of recovery of credit distributed in excess 21. Where the Input Service Distributor distributes the credit in contravention of the provisions contained in section 20… Read More »

Section 20 UP GST Act 2017 : Manner of distribution of credit by Input Service Distributor

By | July 6, 2017

Section 20 UP GST Act 2017 [ Section 20 UP GST Act 2017 explains Manner of distribution of credit by Input Service Distributor and is covered in Chapter V : Input Tax Credit ] Manner of distribution of credit by Input Service Distributor 20. (1) The Input Service Distributor shall distribute the credit of State tax as State tax… Read More »

Section 19 UP GST Act 2017 : Taking input tax credit in respect of inputs and capital goods sent for job work

By | July 6, 2017

Section 19 UP GST Act 2017 [ Section 19 UP GST Act 2017 explains Taking input tax credit in respect of inputs and capital goods sent for job work and is covered in Chapter V : Input Tax Credit ] Taking input tax credit in respect of inputs and capital goods sent for job work 19. (1) The principal… Read More »

Section 18 UP GST Act 2017 : Availability of credit in special circumstances

By | July 6, 2017

Section 18 UP GST Act 2017 [ Section 18 UP GST Act 2017 explains Availability of credit in special circumstances and is covered in Chapter V : Input Tax Credit ] Availability of credit in special circumstances 18. (1) Subject to such conditions and restrictions as may be prescribed- (a) a person who has applied for registration under this… Read More »

Section 17 UP GST Act 2017 : Apportionment of credit and blocked credits

By | July 6, 2017

Section 17 UP GST Act 2017 [ Section 17 UP GST Act 2017 explains Apportionment of credit and blocked credits and is covered in Chapter V : Input Tax Credit ] Apportionment of credit and blocked credits 17. (1) Where the goods or services or both are used by the registered person partly for the purpose of any business… Read More »

Section 16 UP GST Act 2017 : Eligibility and conditions for taking input tax credit

By | July 6, 2017

Section 16 UP GST Act 2017 [ Section 16 UP GST Act 2017 explains Eligibility and conditions for taking input tax credit and is covered in Chapter V : Input Tax Credit ] Eligibility and conditions for taking input tax credit 16. (1) Every registered person shall, subject to such conditions and restrictions as may be prescribed and in… Read More »

Section 14 UP GST Act 2017 : Change in rate of tax in respect of supply of goods or services

By | July 6, 2017

Section 14 UP GST Act 2017 [ Section 14 UP GST Act 2017 explains Change in rate of tax in respect of supply of goods or services and is covered in Chapter IV : Time and Value of Supply  ] Change in rate of tax in respect of supply of goods or services 14. Notwithstanding anything contained in section… Read More »

GST FAQ’s for Traders

By | July 6, 2017

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

By | July 6, 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 6 UP GST Act 2017 : Authorisation of officers of central tax as proper officer in certain circumstances

By | July 6, 2017

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 3 UP GST Act 2017 : Officer under this Act

By | July 6, 2017

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 »

UP GST Rules 2017 – Download

By | July 6, 2017

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

By | July 6, 2017

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

By | July 6, 2017

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

By | July 6, 2017

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 174 West Bengal GST Ordinance 2017 : Savings

By | July 6, 2017

Section 174 West Bengal GST Ordinance 2017 [ Section 174  West Bengal GST Ordinance 2017  explains Savings and is covered in Chapter XXI : Miscellaneous  ] Savings 174 . (1) The repeal of the said Acts and the amendment of the Acts specified in section 173 (hereafter referred to as “such amendment” or “amended Act”, as the case may be)… Read More »

Section 173 West Bengal GST Ordinance 2017 : Repeal

By | July 6, 2017

Section 173 West Bengal GST Ordinance 2017 [ Section 173  West Bengal GST Ordinance 2017  explains Repeal  and is covered in Chapter XXI : Miscellaneous  ] Repeal 173. Save as otherwise provided in this Ordinance, on and from the date of commencement of this Ordinance,— (i) the Bengal Amusements Tax Act, 1922 (Ben. Act V of1922.); (ii) the West Bengal… Read More »

Section 172 West Bengal GST Ordinance 2017 : Removal of difficulties

By | July 6, 2017

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

By | July 6, 2017

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 170 West Bengal GST Ordinance 2017 : Rounding off of tax etc

By | July 6, 2017

Section 170 West Bengal GST Ordinance 2017 [ Section 170  West Bengal GST Ordinance 2017  explains Rounding off of tax etc and is covered in Chapter XXI : Miscellaneous  ] Rounding off of tax etc 170. The amount of tax, interest, penalty, fine or any other sum payable, and the amount of refund or any other sum due, under the… Read More »

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

By | July 6, 2017

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

By | July 6, 2017

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

By | July 6, 2017

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

By | July 6, 2017

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

By | July 6, 2017

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 »