Daily Archives: August 20, 2017

Penalty for late filing of GSTR 3B

By | August 20, 2017

Penalty for late filing of GSTR 3B Penalty for late filing of GSTR 3B is Rs 100 for every day subject to the maximum of Rs 5000/-. You can refer Section 47 of CGST Act 2017. Section 47 of CGST Act 2017 is Reproduced as follow :-  Levy of late fee. 47. (1) Any registered… Read More »

Category: GST

Format for Authorization of repayment of Housing Loan out of PF Account

By | August 20, 2017

For Web Circulation Only Employees’ Provident Fund Organisation (Ministry of Labour & Employment, Govt. of India) Head Office Bhavishya Nidhi Bhawan, 14-Bhikaiji Cama Place, New Delhi-110066 www.epfindia.gov.inwww.epfindia.nic.in Telephone: 011- 26713254 Fax: 011-26166609 Email: acc.fa.imc@epfindia.gov.in No: WSU/39(1)2017/Housing Scheme/10420 Dated: 18 AUG 2017 To All Addl. CPFC (HQ/Zone), Regional P.F. Commissioners-incharge of Regional Offices. Sub: Withdrawal under… Read More »

SS 1 and SS 2 Secretarial Standard withdrawn by ICSI w.e.f 30.09.2017

By | August 20, 2017

THE INSTITUTE OF COMPANY SECRETARIES OF INDIA (Statutory Body under an Act of Parliament) NOTIFICATION New Delhi, the 16th August, 2017 F. No. ICSI/6/2017.—The Notification ICSI No.1 (SS) of 2015 dated 23rd April, 2015, published in the Gazette of India, Part III, Section 4, with regard to (i) SS-1: Secretarial Standard on Meetings of the Board of… Read More »

New Rs 50 banknote released by RBI

By | August 20, 2017

RBI Introduces Rs 50 banknote in Mahatma Gandhi (New) Series The Reserve Bank of India will shortly issue ₹ 50 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India. The new denomination has motif of Hampi with Chariot on the reverse, depicting the country’s cultural heritage.… Read More »

How to check Electronic Cash Ledger on GST Portal

By | August 20, 2017

How can I view the Electronic Cash Ledger? The Electronic Cash Ledger contains a summary of all the deposits made by a taxpayer. In the ledger, information is displayed major head-wise i.e., IGST, CGST, SGST/UTGST and CESS. Each major head is further divided into five minor heads: Tax, Interest, Penalty, Fee and Others. To view… Read More »

Section 75 Himachal Pradesh GST Act 2017 : General provisions relating to determination of tax

By | August 20, 2017

Section 75 Himachal Pradesh GST Act 2017 ( Section 75 Himachal Pradesh GST Act 2017  explains General provisions relating to determination of tax  and is covered in CHAPTER-XV DEMANDS AND RECOVERY  ) General provisions relating to determination of tax 75. (1) Where the service of notice or issuance of order is stayed by an order of a court or Appellate… Read More »

Section 74 Himachal Pradesh GST Act 2017 : Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised by reason of fraud or any wilful mis-statement or suppression of facts.

By | August 20, 2017

Section 74 Himachal Pradesh GST Act 2017 ( Section 74 Himachal Pradesh GST Act 2017  explains Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised by reason of fraud or any wilful mis-statement or suppression of facts  and is covered in CHAPTER-XV DEMANDS AND RECOVERY  ) Determination of tax… Read More »

Section 73 Himachal Pradesh GST Act 2017 : Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised for any reason other than fraud or any wilful mis-statement or suppression of facts

By | August 20, 2017

Section 73 Himachal Pradesh GST Act 2017 ( Section 73 Himachal Pradesh GST Act 2017  explains Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised for any reason other than fraud or any wilful mis-statement or suppression of facts  and is covered in CHAPTER-XV DEMANDS AND RECOVERY  ) Determination… Read More »

Section 72 Himachal Pradesh GST Act 2017 : Officers to assist proper officers

By | August 20, 2017

Section 72 Himachal Pradesh GST Act 2017 ( Section 72 Himachal Pradesh GST Act 2017  explains Officers to assist proper officers  and is covered in CHAPTER-XIV INSPECTION, SEARCH, SEIZURE AND ARREST ) Officers to assist proper officers 72. (1) All officers of Police, Railways, Customs, and those officers engaged in the collection of land revenue, including village officers, officers of… Read More »

Section 71 Himachal Pradesh GST Act 2017 : Access to business premises

By | August 20, 2017

Section 71 Himachal Pradesh GST Act 2017 ( Section 71 Himachal Pradesh GST Act 2017  explains Access to business premises  and is covered in CHAPTER-XIV INSPECTION, SEARCH, SEIZURE AND ARREST ) Access to business premises 71. (1) Any officer under this Act, authorised by the proper officer not below the rank of Joint Commissioner shall have access to any place… Read More »

Section 70 Himachal Pradesh GST Act 2017 : Power to summon persons to give evidence and produce documents

By | August 20, 2017

Section 70 Himachal Pradesh GST Act 2017 ( Section 70 Himachal Pradesh GST Act 2017  explains Power to summon persons to give evidence and produce documents  and is covered in CHAPTER-XIV INSPECTION, SEARCH, SEIZURE AND ARREST ) Power to summon persons to give evidence and produce documents 70. (1) The proper officer under this Act shall have powers to summon… Read More »

Section 69 Himachal Pradesh GST Act 2017 : Power to arrest

By | August 20, 2017

Section 69 Himachal Pradesh GST Act 2017 ( Section 69 Himachal Pradesh GST Act 2017  explains Power to arrest  and is covered in CHAPTER-XIV INSPECTION, SEARCH, SEIZURE AND ARREST ) Power to arrest 69. (1) Where the Commissioner has reasons to believe that any person has committed any offence specified in clause (a) or clause (b) or clause (c) or… Read More »

Section 68 Himachal Pradesh GST Act 2017 : Inspection of goods in movement

By | August 20, 2017

Section 68 Himachal Pradesh GST Act 2017 ( Section 68 Himachal Pradesh GST Act 2017  explains  Inspection of goods in movement  and is covered in CHAPTER-XIV INSPECTION, SEARCH, SEIZURE AND ARREST )  Inspection of goods in movement 68. (1) The Government may require the person in charge of a conveyance carrying any consignment of goods of value exceeding such amount… Read More »

Section 67 Himachal Pradesh GST Act 2017 : Power of inspection, search and seizure

By | August 20, 2017

Section 67 Himachal Pradesh GST Act 2017 ( Section 67 Himachal Pradesh GST Act 2017  explains Power of inspection, search and seizure  and is covered in CHAPTER-XIV INSPECTION, SEARCH, SEIZURE AND ARREST )  Power of inspection, search and seizure 67. (1) Where the proper officer, not below the rank of Joint Commissioner, has reasons to believe that–– (a) a taxable… Read More »

Section 66 Himachal Pradesh GST Act 2017 : Special audit

By | August 20, 2017

Section 66 Himachal Pradesh GST Act 2017 ( Section 66 Himachal Pradesh GST Act 2017  explains Special audit and is covered in CHAPTER -XIII AUDIT  ) Special audit 66. (1) If at any stage of scrutiny, inquiry, investigation or any other proceedings before him, any officer not below the rank of Assistant Commissioner, having regard to the nature and complexity… Read More »

Section 65 Himachal Pradesh GST Act 2017 : Audit by tax authorities

By | August 20, 2017

Section 65 Himachal Pradesh GST Act 2017 ( Section 65 Himachal Pradesh GST Act 2017  explains Audit by tax authorities and is covered in CHAPTER -XIII AUDIT  ) Audit by tax authorities 65. (1) The Commissioner or any officer authorised by him, by way of a general or a specific order, may undertake audit of any registered person for such… Read More »

Section 64 Himachal Pradesh GST Act 2017 : Summary assessment in certain special cases

By | August 20, 2017

Section 64 Himachal Pradesh GST Act 2017 ( Section 64 Himachal Pradesh GST Act 2017  explains Summary assessment in certain special cases and is covered in CHAPTER– XII ASSESSMENT ) Summary assessment in certain special cases 64. (1) The proper officer may, on any evidence showing a tax liability of a person coming to his notice, with the previous permission… Read More »

Section 63 Himachal Pradesh GST Act 2017 : Assessment of unregistered persons

By | August 20, 2017

Section 63 Himachal Pradesh GST Act 2017 ( Section 63 Himachal Pradesh GST Act 2017  explains Assessment of unregistered persons and is covered in CHAPTER– XII ASSESSMENT ) Assessment of unregistered persons 63. Notwithstanding anything to the contrary contained in section 73 or section 74, where a taxable person fails to obtain registration even though liable to do so or… Read More »

Section 62 Himachal Pradesh GST Act 2017 : Assessment of non-filers of returns

By | August 20, 2017

Section 62 Himachal Pradesh GST Act 2017 ( Section 62 Himachal Pradesh GST Act 2017  explains Assessment of non-filers of returns  and is covered in CHAPTER– XII ASSESSMENT ) Assessment of non-filers of returns 62. (1) Notwithstanding anything to the contrary contained in section 73 or section 74, where a registered person fails to furnish the return under section 39… Read More »

Section 61 Himachal Pradesh GST Act 2017 : Scrutiny of returns

By | August 20, 2017

Section 61 Himachal Pradesh GST Act 2017 ( Section 61 Himachal Pradesh GST Act 2017  explains Scrutiny of returns and is covered in CHAPTER– XII ASSESSMENT ) Scrutiny of returns 61. (1) The proper officer may scrutinize the return and related particulars furnished by the registered person to verify the correctness of the return and inform him of the discrepancies… Read More »

Section 60 Himachal Pradesh GST Act 2017 : Provisional assessment

By | August 20, 2017

Section 60 Himachal Pradesh GST Act 2017 ( Section 60 Himachal Pradesh GST Act 2017  explains Provisional assessment and is covered in CHAPTER– XII ASSESSMENT ) Provisional assessment 60. (1) Subject to the provisions of sub-section (2), where the taxable person is unable to determine the value of goods or services or both or determine the rate of tax applicable… Read More »

Section 59 Himachal Pradesh GST Act 2017 : Self-assessment

By | August 20, 2017

Section 59 Himachal Pradesh GST Act 2017 ( Section 59 Himachal Pradesh GST Act 2017  explains Self-assessment and is covered in CHAPTER– XII ASSESSMENT ) Self-assessment 59. Every registered person shall self-assess the taxes payable under this Act and furnish a return for each tax period as specified under section 39. Himachal Pradesh  GST Act 2017 Himachal Pradesh GST Rules… Read More »

Section 58 Himachal Pradesh GST Act 2017 : Utilisation of Fund

By | August 20, 2017

Section 58 Himachal Pradesh GST Act 2017 ( Section 58 Himachal Pradesh GST Act 2017  explains Utilisation of Fund   and is covered in CHAPTER-XI REFUNDS   )  Utilisation of Fund 58. (1) All sums credited to the Fund shall be utilised by the Government for the welfare of the consumers in such manner as may be prescribed. (2) The Government or… Read More »

Section 57 Himachal Pradesh GST Act 2017 : Consumer Welfare Fund

By | August 20, 2017

Section 57 Himachal Pradesh GST Act 2017 ( Section 57 Himachal Pradesh GST Act 2017  explains Consumer Welfare Fund  and is covered in CHAPTER-XI REFUNDS   ) Consumer Welfare Fund 57. The Government shall constitute a Fund, to be called the Consumer Welfare Fund and there shall be credited to the Fund,–– (a) the amount referred to in sub-section (5) of section… Read More »

Section 56 Himachal Pradesh GST Act 2017 : Interest on delayed refunds

By | August 20, 2017

Section 56 Himachal Pradesh GST Act 2017 ( Section 56 Himachal Pradesh GST Act 2017  explains Interest on delayed refunds  and is covered in CHAPTER-XI REFUNDS   ) Interest on delayed refunds 56. If any tax ordered to be refunded under sub-section (5) of section 54 to any applicant is not refunded within sixty days from the date of receipt of… Read More »

Section 55 Himachal Pradesh GST Act 2017 : Refund in certain cases

By | August 20, 2017

Section 55 Himachal Pradesh GST Act 2017 ( Section 55 Himachal Pradesh GST Act 2017  explains Refund in certain cases  and is covered in CHAPTER-XI REFUNDS   ) Refund in certain cases 55. The Government may, on the recommendations of the Council, by notification, specify any specialized agency of the United Nations Organization or any Multilateral Financial Institution and Organization notified… Read More »

Section 54 Himachal Pradesh GST Act 2017 : Refund of tax

By | August 20, 2017

Section 54 Himachal Pradesh GST Act 2017 ( Section 54 Himachal Pradesh GST Act 2017  explains Refund of tax  and is covered in CHAPTER-XI REFUNDS   ) Refund of tax 54 (1) Any person claiming refund of any tax and interest, if any, paid on such tax or any other amount paid by him, may make an application before the expiry… Read More »

Section 53 Himachal Pradesh GST Act 2017 : Transfer of input tax credit

By | August 20, 2017

Section 53 Himachal Pradesh GST Act 2017 ( Section 53 Himachal Pradesh GST Act 2017  explains Transfer of input tax credit  and is covered in CHAPTER-X PAYMENT OF TAX   ) Transfer of input tax credit 53. On utilisation of input tax credit availed under this Act for payment of tax dues under the Integrated Goods and Services Tax Act, 2017,… Read More »

Section 52 Himachal Pradesh GST Act 2017 : Collection of tax at source

By | August 20, 2017

Section 52 Himachal Pradesh GST Act 2017 ( Section 52 Himachal Pradesh GST Act 2017  explains Collection of tax at source  and is covered in CHAPTER-X PAYMENT OF TAX   ) Collection of tax at source 52. (1) Notwithstanding anything to the contrary contained in this Act, every electronic commerce operator (hereafter in this section referred to as the “operator”), not… Read More »

Section 51 Himachal Pradesh GST Act 2017 : Tax deduction at source

By | August 20, 2017

Section 51 Himachal Pradesh GST Act 2017 ( Section 51 Himachal Pradesh GST Act 2017  explains Tax deduction at source  and is covered in CHAPTER-X PAYMENT OF TAX   ) Tax deduction at source 51. (1) Notwithstanding anything to the contrary contained in this Act, the Government may mandate,— (a) a department or establishment of the Central Government or State Government;… Read More »