Daily Archives: September 14, 2017

Exporters can import without IGST Payment to the extent of Advance authorization licenses : High Court

By | September 14, 2017

Interim relief :- The Petitioner will be permitted to clear the consignments of imports constituting inputs for the fulfilment of its export orders placed on it prior to 1st July 2017 without any additional levies, and subject to the quantity and value as specified in the advance authorization licenses issued to it prior to 1st… Read More »

Govt sets up panel to receive profiteering complaints under GST

By | September 14, 2017

The anti-profiteering mechanism under GST has kicked in with the government allowing consumers to file complaints against any irrational profit made by businesses by not passing on cost reduction benefit to buyers. Revenue Secretary Hasmukh Adhia said the government has notified the ‘standing committee’ comprising four officers — two each from the Centre and states… Read More »

Category: GST

Exporter can import without paying IGST : Delhi HC

By | September 14, 2017

The Delhi High Court has granted interim relief to an exporter, allowing him to import goods without payment of the integrated goods and services tax (IGST) to the extent allowed by advance authorisations received by him prior to July 1, when GST was enforced. Advance authorisation is issued for exporters to allow duty-free import of… Read More »

Category: GST

Notification No 8/2017 : Capital Gain FDR – TDS certificate by Banks to legal heir

By | September 14, 2017

Banks to issue TDS certificate in name of legal heir after death of deposit holder of Capital Gain Account: CBDT SECTION 194A OF THE INCOME-TAX ACT, 1961, READ WITH RULES 31A AND 37BA, OF THE INCOME-TAX RULES, 1962 – DEDUCTION OF TAX AT SOURCE – INTEREST OTHER THAN INTEREST ON SECURITIES – TDS ON INTEREST… Read More »

Schedule III Jharkhand GST Act 2017 : Activities or transactions which shall be treated neither as a supply of goods nor a supply of services

By | September 14, 2017

Schedule III Jharkhand GST Act 2017 Enforced with effect from 1-7-2017. ( Schedule III Jharkhand GST Act 2017 explains Activities or transactions which shall be treated neither as a supply of goods nor a supply of services  and is covered in CHAPTER XXI MISCELLANEOUS ) SCHEDULE III [See section 7]   ACTIVITIES OR TRANSACTIONS WHICH SHALL BE TREATED NEITHER AS… Read More »

Schedule II Jharkhand GST Act 2017 : Activities to be treated as supply of goods or supply of services

By | September 14, 2017

Schedule II Jharkhand GST Act 2017 Enforced with effect from 1-7-2017. ( Schedule II Jharkhand GST Act 2017 explains Activities to be treated as supply of goods or supply of services and is covered in CHAPTER XXI MISCELLANEOUS ) SCHEDULE II [See section 7] ACTIVITIES TO BE TREATED AS SUPPLY OF GOODS OR SUPPLY OF SERVICES 1. Transfer (a) any… Read More »

Schedule I Jharkhand GST Act 2017 : Activities to be treated as supply even if made without consideration

By | September 14, 2017

Schedule I Jharkhand GST Act 2017 Enforced with effect from 1-7-2017. ( Schedule I Jharkhand GST Act 2017 explains Activities to be treated as supply even if made without consideration and is covered in CHAPTER XXI MISCELLANEOUS ) SCHEDULE I [See section 7] ACTIVITIES TO BE TREATED AS SUPPLY EVEN IF MADE WITHOUT CONSIDERATION 1. Permanent transfer or disposal of… Read More »

Section 174 Jharkhand GST Act 2017 : Repeal and saving.

By | September 14, 2017

Section 174 Jharkhand GST Act 2017 Enforced with effect from 1-7-2017. ( Section 174 Jharkhand GST Act 2017 explains Repeal and saving. and is covered in CHAPTER XXI MISCELLANEOUS ) Repeal and saving.  174. (1) Save as otherwise provided in this Act, on and from the date of commencement of this Act, (i) the Jharkhand Value Added Tax Act, 2005,… Read More »

Section 173 Jharkhand GST Act 2017 : Amendment of certain Acts.

By | September 14, 2017

Section 173 Jharkhand GST Act 2017 Enforced with effect from 1-7-2017. ( Section 173 Jharkhand GST Act 2017 explains Amendment of certain Acts. and is covered in CHAPTER XXI MISCELLANEOUS ) Amendment of certain Acts. 173. Save as otherwise provided in this Act, on and from the date of commencement of this Act,- (i) The amendments, as made in Jharkhand… Read More »

Section 172 Jharkhand GST Act 2017 : Removal of difficulties.

By | September 14, 2017

Section 172 Jharkhand GST Act 2017 Enforced with effect from 1-7-2017. ( Section 172 Jharkhand GST Act 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 Act, the Government may, on the recommendations of the Council, by a general… Read More »

Section 171 Jharkhand GST Act 2017 : Anti-profiteering Measure.

By | September 14, 2017

Section 171 Jharkhand GST Act 2017 Enforced with effect from 1-7-2017. ( Section 171 Jharkhand GST Act 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… Read More »

Section 170 Jharkhand GST Act 2017 : Rounding off of tax etc.

By | September 14, 2017

Section 170 Jharkhand GST Act 2017 Enforced with effect from 1-7-2017. ( Section 170 Jharkhand GST Act 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,… Read More »

Section 169 Jharkhand GST Act 2017 : Service of notice in certain circumstances.

By | September 14, 2017

Section 169 Jharkhand GST Act 2017 Enforced with effect from 1-7-2017. ( Section 169 Jharkhand GST Act 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 Act or the rules made thereunder shall be served… Read More »

Section 168 Jharkhand GST Act 2017 : Power to issue instructions or directions.

By | September 14, 2017

Section 168 Jharkhand GST Act 2017 Enforced with effect from 1-7-2017. ( Section 168 Jharkhand GST Act 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 Jharkhand GST Act 2017 : Delegation of powers.

By | September 14, 2017

Section 167 Jharkhand GST Act 2017 Enforced with effect from 1-7-2017. ( Section 167 Jharkhand GST Act 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… Read More »

 Section 166 Jharkhand GST Act 2017 : Laying of rules, regulations and notifications.

By | September 14, 2017

Section 166 Jharkhand GST Act 2017 Enforced with effect from 1-7-2017. ( Section 166 Jharkhand GST Act 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 Act,… Read More »