Daily Archives: September 16, 2017

Section 53 Karnataka GST Act 2017 : Transfer of input tax credit

By | September 16, 2017

Section 53 Karnataka GST Act 2017 [ Section 53 Karnataka 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 in accordance… Read More »

Section 52 Karnataka GST Act 2017 : Collection of tax at source

By | September 16, 2017

Section 52 Karnataka GST Act 2017 [ Section 52 Karnataka 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 being… Read More »

Section 51 Karnataka GST Act 2017 : Tax deduction at source

By | September 16, 2017

Section 51 Karnataka GST Act 2017 [ Section 51 Karnataka 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; or… Read More »

Section 50 Karnataka GST Act 2017 : Interest on delayed payment of tax

By | September 16, 2017

Section 50 Karnataka GST Act 2017 [ Section 50 Karnataka GST Act 2017 explains Interest on delayed payment of tax and is covered in CHAPTER X PAYMENT OF TAX ] Interest on delayed payment of tax 50. (1) Every person who is liable to pay tax in accordance with the provisions of this Act or the rules made thereunder, but… Read More »

Section 49 Karnataka GST Act 2017 : Payment of tax, interest, penalty and other amounts

By | September 16, 2017

Section 49 Karnataka GST Act 2017 [ Section 49 Karnataka GST Act 2017 explains Payment of tax, interest, penalty and other amounts and is covered in CHAPTER X PAYMENT OF TAX ] Payment of tax, interest, penalty and other amounts 49. (1) Every deposit made towards tax, interest, penalty, fee or any other amount by a person by internet banking… Read More »

Section 48 Karnataka GST Act 2017 : Goods and services tax practitioners

By | September 16, 2017

Section 48 Karnataka GST Act 2017 [ Section 48 Karnataka GST Act 2017 explains Goods and services tax practitioners and is covered in CHAPTER IX RETURNS  ] Goods and services tax practitioners 48. (1) The manner of approval of goods and services tax practitioners, their eligibility conditions, duties and obligations, manner of removal and other conditions relevant for their functioning… Read More »

Section 47 Karnataka GST Act 2017 : Levy of late fee

By | September 16, 2017

Section 47 Karnataka GST Act 2017 [ Section 47 Karnataka GST Act 2017 explains Levy of late fee and is covered in CHAPTER IX RETURNS  ] Levy of late fee 47. (1) Any registered person who fails to furnish the details of outward or inward supplies required under section 37 or section 38 or returns required under section 39 or… Read More »

Section 46 Karnataka GST Act 2017 : Notice to return defaulters

By | September 16, 2017

Section 46 Karnataka GST Act 2017 [ Section 46 Karnataka GST Act 2017 explains Notice to return defaulters and is covered in CHAPTER IX RETURNS  ] Notice to return defaulters 46. Where a registered person fails to furnish a return under section 39 or section 44 or section 45, a notice shall be issued requiring him to furnish such return… Read More »

Section 45 Karnataka GST Act 2017 : Final return

By | September 16, 2017

Section 45 Karnataka GST Act 2017 [ Section 45 Karnataka GST Act 2017 explains Final return and is covered in CHAPTER IX RETURNS  ] Final return 45. Every registered person who is required to furnish a return under sub- section (1) of section 39 and whose registration has been cancelled shall furnish a final return within three months of the… Read More »

Section 44 Karnataka GST Act 2017 : Annual return

By | September 16, 2017

Section 44 Karnataka GST Act 2017 [ Section 44 Karnataka GST Act 2017 explains Annual return and is covered in CHAPTER IX RETURNS  ] Annual return 44. (1) Every registered person, other than an Input Service Distributor, a person paying tax under section 51 or section 52, a casual taxable person and a non-resident taxable person, shall furnish an annual… Read More »

Section 43 Karnataka GST Act 2017 : Matching, reversal and reclaim of reduction in output tax liability

By | September 16, 2017

Section 43 Karnataka GST Act 2017 [ Section 43 Karnataka GST Act 2017 explains Matching, reversal and reclaim of reduction in output tax liability and is covered in CHAPTER IX RETURNS  ] Matching, reversal and reclaim of reduction in output tax liability 43. (1) The details of every credit note relating to outward supply furnished by a registered person (hereafter… Read More »

Section 42 Karnataka GST Act 2017 : Matching, reversal and reclaim of input tax credit

By | September 16, 2017

Section 42 Karnataka GST Act 2017 [ Section 42 Karnataka GST Act 2017 explains Matching, reversal and reclaim of input tax credit and is covered in CHAPTER IX RETURNS  ] Matching, reversal and reclaim of input tax credit 42. (1) The details of every inward supply furnished by a registered person (hereafter in this section referred to as the “recipient”)… Read More »

Section 41 Karnataka GST Act 2017 : Claim of input tax credit and provisional acceptance thereof

By | September 16, 2017

Section 41 Karnataka GST Act 2017 [ Section 41 Karnataka GST Act 2017 explains Claim of input tax credit and provisional acceptance thereof and is covered in CHAPTER IX RETURNS  ] Claim of input tax credit and provisional acceptance thereof 41. (1) Every registered person shall, subject to such conditions and restrictions as may be prescribed, be entitled to take… Read More »

Section 40 Karnataka GST Act 2017 :  First Return

By | September 16, 2017

Section 40 Karnataka GST Act 2017 [ Section 40 Karnataka GST Act 2017 explains  First Return and is covered in CHAPTER IX RETURNS  ]  First Return 40. Every registered person who has made outward supplies in the period between the date on which he became liable to registration till the date on which registration has been granted shall declare the… Read More »

Section 39 Karnataka GST Act 2017 : Furnishing of returns

By | September 16, 2017

Section 39 Karnataka GST Act 2017 [ Section 39 Karnataka GST Act 2017 explains Furnishing of returns and is covered in CHAPTER IX RETURNS  ] Furnishing of returns 39. (1) Every registered person, other than an Input Service Distributor or a non-resident taxable person or a person paying tax under the provisions of section 10 or section 51 or section… Read More »

Section 38 Karnataka GST Act 2017 : Furnishing details of inward supplies

By | September 16, 2017

Section 38 Karnataka GST Act 2017 [ Section 38 Karnataka GST Act 2017 explains Furnishing details of inward supplies and is covered in CHAPTER IX RETURNS  ] Furnishing details of inward supplies 38. (1) Every registered person, other than an Input Service Distributor or a non-resident taxable person or a person paying tax under the provisions of section 10 or… Read More »

Section 37 Karnataka GST Act 2017 : Furnishing details of outward supplies

By | September 16, 2017

Section 37 Karnataka GST Act 2017 [ Section 37 Karnataka GST Act 2017 explains Furnishing details of outward supplies and is covered in CHAPTER IX RETURNS  ] Furnishing details of outward supplies 37. (1) Every registered person, other than an Input Service Distributor, a non-resident taxable person and a person paying tax under the provisions of section 10 or section… Read More »

Section 36 Karnataka GST Act 2017 : Period of retention of accounts

By | September 16, 2017

Section 36 Karnataka GST Act 2017 [ Section 36 Karnataka GST Act 2017 explains Period of retention of accounts and is covered in CHAPTER VIII ACCOUNTS AND RECORDS  ] Period of retention of accounts 36. Every registered person required to keep and maintain books of account or other records in accordance with the provisions of sub-section (1) of section 35… Read More »

GST News 16 09 2017 by Taxheal

By | September 16, 2017

GST News 16 09 2017 by Taxheal   Related Topic on GST  Topic Click Link GST Acts  Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars  GST Judgments GST Judgments GST Press Release GST Press Release… Read More »

Notification No 35/2017 Central Tax : GSTR 3B Due date for August to December 2017

By | September 16, 2017

Notification No 35/2017 Central Tax Seeks to extend the last date for filing the return in FORM GSTR-3B for the months of August to December, 2017 vide Notification No 35/2017 Central Tax 15th September, 2017 [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance… Read More »

Notification No 34/2017 Central Tax : CGST (Seventh Amendment) Rules 2017.

By | September 16, 2017

Notification No 34/2017 Central Tax Seventh amendment to the CGST Rules 2017 vide Notification No 34/2017 Central Tax dated 15th September, 2017 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No. 34/2017 – Central… Read More »

Notification No 33/2017 Central Tax : Section 51 of CGST Act 2017 for TDS

By | September 16, 2017

Notification No 33/2017 Central Tax Notifying section 51 of the CGST Act, 2017 for TDS Vide Notification No 33/2017 Central Tax dated 15th September, 2017 [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No.… Read More »

GST E Way Bill Book by V.S. Datey  Sep 2017 Edition

By | September 16, 2017

GST E-Way Bill Description Incorporating: Information to be furnished prior to commencement of movement of goods and generation of E-Way Bill Validity of E-Way Bill generated Transport of goods for which E-Way Bill is not required Documents and devices to be carried by a person-in-charge of a conveyance Road checks and verification of documents and… Read More »