Daily Archives: September 19, 2017

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

By | September 19, 2017

Schedule III Karnataka GST Act 2017 [ Schedule III Karnataka GST Act 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 Karnataka GST Act 2017 : Activities to be treated as supply of goods or supply of services

By | September 19, 2017

Schedule II Karnataka GST Act 2017 [ Schedule II Karnataka GST Act 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 Karnataka GST Act 2017 : Activities to be treated as supply even if made without consideration

By | September 19, 2017

Schedule I Karnataka GST Act 2017 [ Schedule I Karnataka GST Act 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 such… Read More »

Section 174 Karnataka GST Act 2017 : Saving.

By | September 19, 2017

Section 174 Karnataka GST Act 2017 [ Section 174 Karnataka GST Act 2017 explains Saving. and is covered in CHAPTER XXI MISCELLANEOUS ] Saving. 174. (1) The repeal of the Acts specified in section 173 shall not— (a) revive anything not in force or existing at the time of such repeal; or (b) affect the previous operation of the repealed… Read More »

Section 173 Karnataka GST Act 2017 : Repeals.

By | September 19, 2017

Section 173 Karnataka GST Act 2017 [ Section 173 Karnataka GST Act 2017 explains Repeals and is covered in CHAPTER XXI MISCELLANEOUS ] Repeals. 173. (1) Save as otherwise provided in this Act, on and from the date of commencement of this Act,- (i) The Mysore Betting Tax Act, 1932 (Mysore Act IX of 1932), (ii) The Karnataka Entertainments Tax… Read More »

Section 172 Karnataka GST Act 2017 : Removal of difficulties.

By | September 19, 2017

Section 172 Karnataka GST Act 2017 [ Section 172 Karnataka 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 or a special order published… Read More »

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

By | September 19, 2017

Section 171 Karnataka GST Act 2017 [ Section 171 Karnataka 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 by way of commensurate reduction… Read More »

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

By | September 19, 2017

Section 170 Karnataka GST Act 2017 [ Section 170 Karnataka 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, under the provisions of this… Read More »

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

By | September 19, 2017

Section 169 Karnataka GST Act 2017 [ Section 169 Karnataka 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 by any one of the… Read More »

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

By | September 19, 2017

Section 168 Karnataka GST Act 2017 [ Section 168 Karnataka 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 this Act, issue… Read More »

Section 167 Karnataka GST Act 2017 : Delegation of powers.

By | September 19, 2017

Section 167 Karnataka GST Act 2017 [ Section 167 Karnataka 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 or officer under this Act… Read More »

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

By | September 19, 2017

Section 166 Karnataka GST Act 2017 [ Section 166 Karnataka 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, shall be laid,… Read More »

Section 165 Karnataka GST Act 2017 : Power to make regulations.

By | September 19, 2017

Section 165 Karnataka GST Act 2017 [ Section 165 Karnataka GST Act 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 Act. Karnataka GST Act 2017 Karnataka… Read More »

Section 164 Karnataka GST Act 2017 : Power of Government to make rules.

By | September 19, 2017

Section 164 Karnataka GST Act 2017 [ Section 164 Karnataka GST Act 2017 explains Power of Government to make rules and is covered in CHAPTER XXI MISCELLANEOUS ] Power of Government to make rules. 164. (1) The Government may, on the recommendations of the Council, by notification, make rules for carrying out the provisions of this Act. (2) Without prejudice… Read More »

Section 162 Karnataka GST Act 2017 : Bar on jurisdiction of civil courts.

By | September 19, 2017

Section 162 Karnataka GST Act 2017 [ Section 162 Karnataka GST Act 2017 explains Bar on jurisdiction of civil courts and is covered in CHAPTER XXI MISCELLANEOUS ] Bar on jurisdiction of civil courts. 162. Save as provided in sections 117 and 118, no civil court shall have jurisdiction to deal with or decide any question arising from or relating… Read More »

Section 161 Karnataka GST Act 2017 : Rectification of errors apparent on the face of record.

By | September 19, 2017

Section 161 Karnataka GST Act 2017 [ Section 161 Karnataka GST Act 2017 explains Rectification of errors apparent on the face of record. and is covered in CHAPTER XXI MISCELLANEOUS ] Rectification of errors apparent on the face of record. 161. Without prejudice to the provisions of section 160, and notwithstanding anything contained in any other provisions of this Act,… Read More »

GST Registration Mandatory for Checker of CA Exam : ICAI

By | September 19, 2017

GST Registration and Honorarium- Nov, 2017 examination The Goods and Services Tax Act, 2017 is operational since 1st July, 2017. The Institute of Chartered Accountants of India is registered under the Goods and Services Tax Act. The services rendered by Resource person to the Examination Department of ICAI are covered under the above mentioned Act. ICAI… Read More »

Section 160 Karnataka GST Act 2017 : Assessment proceedings, etc. not to be invalid on certain grounds.

By | September 19, 2017

Section 160 Karnataka GST Act 2017 [ Section 160 Karnataka GST Act 2017 explains Assessment proceedings, etc. not to be invalid on certain grounds. and is covered in CHAPTER XXI MISCELLANEOUS ] Assessment proceedings, etc. not to be invalid on certain grounds. 160. (1) No assessment, re-assessment, adjudication, review, revision, appeal, rectification, notice, summons or other proceedings done, accepted, made,… Read More »

Section 159 Karnataka GST Act 2017 : Publication of information in respect of persons in certain cases.

By | September 19, 2017

Section 159 Karnataka GST Act 2017 [ Section 159 Karnataka GST Act 2017 explains Publication of information in respect of persons in certain cases. and is covered in CHAPTER XXI MISCELLANEOUS ] Publication of information in respect of persons in certain cases. 159. (1) If the Commissioner, or any other officer authorised by him in this behalf, is of the… Read More »

Section 158 Karnataka GST Act 2017 : Disclosure of information by a public servant.

By | September 19, 2017

Section 158 Karnataka GST Act 2017 [ Section 158 Karnataka GST Act 2017 explains Disclosure of information by a public servant. and is covered in CHAPTER XXI MISCELLANEOUS ] Disclosure of information by a public servant. 158. (1) All particulars contained in any statement made, return furnished or accounts or documents produced in accordance with this Act, or in any… Read More »

Section 157 Karnataka GST Act 2017 : Protection of action taken under this Act.

By | September 19, 2017

Section 157 Karnataka GST Act 2017 [ Section 157 Karnataka GST Act 2017 explains Protection of action taken under this Act. and is covered in CHAPTER XXI MISCELLANEOUS ] Protection of action taken under this Act. 157. (1) No suit, prosecution or other legal proceedings shall lie against the President, State President, Members, officers or other employees of the Appellate… Read More »

Section 156 Karnataka GST Act 2017 : Persons deemed to be public servants.

By | September 19, 2017

Section 156 Karnataka GST Act 2017 [ Section 156 Karnataka GST Act 2017 explains Persons deemed to be public servants and is covered in CHAPTER XXI MISCELLANEOUS ] Persons deemed to be public servants. 156. All persons discharging functions under this Act shall be deemed to be public servants within the meaning of section 21 of the Indian Penal Code… Read More »

Section 155 Karnataka GST Act 2017 : Burden of Proof.

By | September 19, 2017

Section 155 Karnataka GST Act 2017 [ Section 155 Karnataka GST Act 2017 explains Burden of Proof. and is covered in CHAPTER XXI MISCELLANEOUS ] Burden of Proof. 155. Where any person claims that he is eligible for input tax credit under this Act, the burden of proving such claim shall lie on such person. Karnataka GST Act 2017 Karnataka… Read More »

Section 154 Karnataka GST Act 2017 : Power to take samples.

By | September 19, 2017

Section 154 Karnataka GST Act 2017 [ Section 154 Karnataka GST Act 2017 explains Power to take samples. and is covered in CHAPTER XXI MISCELLANEOUS ] Power to take samples. 154. The Commissioner or an officer authorised by him may take samples of goods from the possession of any taxable person, where he considers it necessary, and provide a receipt… Read More »

Section 153 Karnataka GST Act 2017 : Taking assistance from an expert.

By | September 19, 2017

Section 153 Karnataka GST Act 2017 [ Section 153 Karnataka GST Act 2017 explains Taking assistance from an expert. and is covered in CHAPTER XXI MISCELLANEOUS ] Taking assistance from an expert. 153. Any officer not below the rank of Assistant Commissioner may, having regard to the nature and complexity of the case and the interest of revenue, take assistance… Read More »

Section 152 Karnataka GST Act 2017 : Bar on disclosure of information.

By | September 19, 2017

Section 152 Karnataka GST Act 2017 [ Section 152 Karnataka GST Act 2017 explains Bar on disclosure of information  and is covered in CHAPTER XXI MISCELLANEOUS ] Bar on disclosure of information. 152. (1) No information of any individual return or part thereof with respect to any matter given for the purposes of section 150 or section 151 shall, without… Read More »

Section 151 Karnataka GST Act 2017 : Power to collect statistics.

By | September 19, 2017

Section 151 Karnataka GST Act 2017 [ Section 151 Karnataka GST Act 2017 explains Power to collect statistics. and is covered in CHAPTER XXI MISCELLANEOUS ] Power to collect statistics. 151. (1) The Commissioner may, if he considers that it is necessary so to do, by notification, direct that statistics may be collected relating to any matter dealt with by… Read More »

MOU between Income Tax Dept & Companies Dept for Exchange of Information

By | September 19, 2017

MISCELLANEOUS – MOU BETWEEN MINISTRY OF CORPORATE AFFAIRS AND CENTRAL BOARD OF DIRECT TAXES (CBDT) FOR AUTOMATIC AND REGULAR EXCHANGE OF INFORMATION PIB PRESS RELEASE, DATED 14-9-2017 Taking forward the initiative launched by the Government of India to curb the menace of shell companies, money laundering and black money in the country and prevent misuse of… Read More »

File SLP against High Court Order of staying Collection of Tax under GST : CBEC

By | September 19, 2017

F. No. 275/11/2017-CX.8A Ministry of Finance Department of Revenue Central Board of Excise & Customs (Legal Cell) ‘C’ Wing, 5th Floor, HUDCO-VISHALA Building Bhikaji Cama Place, R.K. Puram, New Delhi-66: dated the 18.09.2017 INSTRUCTION To, 1.  All Principal Chief Commissioners/ Chief Commissioners of Customs, GST & CX; 2.  All Director Generals of Customs, GST &… Read More »

GST on Charitable and Religious Trusts

By | September 19, 2017

GST on Charitable and Religious Trusts The provisions relating to taxation of activities of charitable institutions and religious trusts have been borrowed and carried over from the erstwhile service tax provisions. All services provided by such entities are not exempt. In fact, there are many services that are provided by such entities which would be… Read More »

GST : Govt Officers to Verify ITC Claim of Rs 1 Crore or more in TRAN 1 : CBEC

By | September 19, 2017

GOVERNMENT OF INDIA MINISTRY OF FINANCE / DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE & CUSTOMS NORTH BLOCK, NEW DELHI-110001 Tele : +91-11-23094828 Fax : +91-11-23092512 D.O. F.No. 1(5)/DGGST/CGSTcredit/29/2017/624-647 Dated 11th September 2017 Dear Chief Commissioners The ITC data for CGST claimed in TRANS-1 statement received from M/s GSTN revealed that so far, the registered persons… Read More »

Non Resident Taxable Person in GST

By | September 19, 2017

NON-RESIDENT TAXABLE PERSON IN GST Introduction “Non-resident taxable person” means any person who occasionally undertakes transactions involving supply of goods or services or both, whether as principal or agent or in any other capacity, but who has no fixed place of business or residence in India. A non-resident taxable person making taxable supply in India… Read More »

Goods and Transport Agency in GST

By | September 19, 2017

Goods and Transport Agency in GST Background of levying tax on the services of Goods Transport Agency The levy of Service Tax on Road Transportation Service has always been a contentious issue. The Finance Act, 1997 had levied Service Tax on Goods Transport Operators w.e.f. 16-11-1997 which was subsequently withdrawn after nation-wide strike. Thereafter by… Read More »

Order No 02/2017 GST : Due Date for TRAN 1 Extended

By | September 19, 2017

Order No 02/2017 GST Extension of time limit for submitting the declaration in FORM GST TRAN-1 vide Order No 02/2017 GST Dated 18th September, 2017 F. No. 349/58/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs New Delhi, the 18th September, 2017 Subject: Extension of time limit for submitting the… Read More »