Daily Archives: September 28, 2017

Clarification on Payment of Service Tax in Transitional Period after GST

By | September 28, 2017

Clarification on Payment of Service Tax in Transitional Period  Certain transitional issues arising with respect to payment of service tax after 30th June 2017 have been clarified by CBEC vide circular dated 28-9-2017. It has been clarified that in cases where service was received before 1-7-2017 and payment for the value of the service was… Read More »

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee

By | September 28, 2017

Suggestions on GST Implementation Issues A. Issue related to fundamental of GST like double taxation still happening in certain cases (i) Reverse Charge U/s 9(4) of CGST Act, 2017 As per Section 9(4) of CGST Act, 2017 if taxable person procures goods or services from unregistered person then recipient is subject to pay tax under… Read More »

Govt Clarified how to reflect transitional credit on Service Tax Payment after GST

By | September 28, 2017

Clarification regarding reflection of transitional credit arising out of payment of Service Tax on RCM basis after 30th June 2017 and by 5th/6th July 2017 Circular 207/5/2017-Service Tax F.No 137/16/2017 -Service Tax Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Service Tax Wing *** New Delhi dated 28th… Read More »

USA IRS : How Students & Parents can Explore Education Resources on IRS.gov

By | September 28, 2017

IRS Reminds Parents, Students to Explore Education Resources on IRS.gov WASHINGTON – The Internal Revenue Service today reminded parents and students that there are many tax benefits available to them, and the easiest way to learn more about them is through the education resources available on IRS.gov. Besides tax credits such as the American Opportunity Tax Credit and the Lifetime Learning… Read More »

USA IRS Tax Help Available for Those Who Still Need to File for 2016

By | September 28, 2017

Tax Help Available for Those Who Still Need to File for 2016 WASHINGTON — The Internal Revenue Service wants taxpayers, especially those who received tax-filing extensions, to know they can still get the tax help they need to meet the Oct. 16 extension deadline. Taxpayers can still file their returns electronically. The IRS strongly urges all taxpayers to choose the… Read More »

USA IRS gave time to drought-Stricken Farmers & Ranchers to Replace Livestock

By | September 28, 2017

Drought-Stricken Farmers and Ranchers Have More Time to Replace Livestock Under IRS Relief WASHINGTON -Farmers and ranchers who previously were forced to sell livestock due to drought in an applicable region now have an additional year to replace the livestock and defer tax on any gains from the forced sales, according to the Internal Revenue Service. An applicable… Read More »

USA IRS N-2017-55 : Tax Relief for property temporarily stored in U.S.

By | September 28, 2017

N-2017-55 : Tax Relief for property temporarily stored in U.S. following Hurricane Irma or Hurricane Maria Notice 2017-55 excludes from the definition of United States property for purposes of section 956 certain property temporarily stored in the United States following Hurricane Irma or Hurricane Maria.   Notice 2017-55 will be in IRB 2017-42, dated October 16, 2017.

USA IRS e-News for Payroll Professionals

By | September 28, 2017

e-News for Payroll Professionals  1.  New on IRS.gov Pub. 1220, Specifications for Electronic Filing of Forms 1097, 1098, 1099, 3921, 3922, 5498, and W-2G Inst. SS-4, Instructions for Form SS-4, Application for Employer Identification Number Form SS-4, Application for Employer Identification Number Form 9783, EFTPS Individual Enrollment Form Form 9779, EFTPS Business Enrollment Form     2.  Help for Victims of Hurricanes… Read More »

USA IRS Guidance for Allowance of Credit for Increasing Research Activities

By | September 28, 2017

IRS Issues Guidance for Allowance of Credit for Increasing Research Activities WASHINGTON–The Internal Revenue Service has issued guidance to Large Business & International (LB&I) Division examiners regarding the examination of the credit for increasing research activities under IRC Section 41 (“Research Credit”) claimed by LB&I taxpayers. Independently determining the correct amount of Research Credit claimed by LB&I taxpayers… Read More »

USA IRS e-News for Tax Professionals Issue 2017-38

By | September 28, 2017

1.  Tax Relief for Hurricane Harvey and Irma Victims As the hurricane season continues, IRS is working to provide relief to tax professionals and their clients. Extensions of time to file and other forms of tax relief are available to victims of hurricanes Harvey and Irma. Checkwww.irs.gov/hurricaneharvey and www.irs.gov/hurricaneirma for the latest updates. Back to top 2.  IRS Urges Foreign… Read More »

USA IRS N-2017-46 : Guidance for Taxpayer Identification Numbers & Dates of Birth by Financial Institutions

By | September 28, 2017

N-2017-46: Revised Guidance Related to Obtaining and Reporting Taxpayer Identification Numbers and Dates of Birth by Financial Institutions Notice 2017-46 provides guidance for financial institutions required to collect taxpayer identification numbers (TINs) and dates of birth under temporary regulations under Chapter 3 or a Model 1 Intergovernmental Agreement (IGA) as follows: (1) With respect to foreign… Read More »

USA IRS N-17-54 : 2017-2018 Special Per Diem Rates

By | September 28, 2017

Notice 2017-54 announces the special per diem rates effective October 1, 2017, which taxpayers may use to substantiate the amount of expenses for lodging, meals, and incidental expenses when traveling away from home.  This notice provides the special transportation industry rate, the rate for the incidental expenses only deduction, and the rates and list of high-cost localities… Read More »

USA IRS Waiver of Diesel Fuel Penalty

By | September 28, 2017

Update: IRS Extends Waiver of Diesel Fuel Penalty Following Continuing Shortage of Undyed Diesel Due to Hurricane Irma WASHINGTON – The Internal Revenue Service (IRS), in response to continued shortages of undyed diesel fuel caused by Hurricane Irma, will extend its waiver of penalties for dyed diesel fuel, first announced in IR-2017-149, when such fuel is sold for… Read More »

USA IRS Offers Help to Hurricane Victims : Key Tax Relief Provisions

By | September 28, 2017

IRS Offers Help to Hurricane Victims: A Recap of Key Tax Relief Provisions Available Following Harvey, Irma and Maria WASHINGTON – The Internal Revenue Service today offered a rundown of key tax relief that has been made available to victims of Hurricanes Harvey, Irma and Maria. In general, the IRS is now providing relief to individuals and businesses… Read More »

USA IRS reminder : Check Out College Tax Benefits

By | September 28, 2017

Reminder for Parents, Students: Check Out College Tax Benefits WASHINGTON ― With back-to-school season in full swing, the InternalRevenue Service reminds parents and students about tax benefits that can help with the expense of higher education. Two college tax credits apply to students enrolled in an eligible college, university or vocational school. Eligible students include the taxpayer,… Read More »

GST Made Easy : Answer to All Your Queries on GST : Taxmann Book Sep 2017 -4th Edition

By | September 28, 2017

GST Made Easy-Answer to All Your Queries on GST -4th Edition Sep 2017 Price Rs 475 Click to buy online Edition : 4th Edition 2017 Date of Publication : Sept. 2017 ISBN No.:9789386882110 Binding : Paperback No. Of Pages : 292 Weight (Kgs) : 0.325 View Contents of this Book Related Books on GST  Related Topic on GST  Topic Click… Read More »

GST Practice Manual : Taxmann Book September 2017 : 2nd Edition

By | September 28, 2017

GST Practice Manual Taxmann Book September 2017 : 2nd Edition  : by CA Anoop Modi & CA Mahesh Gupta (Author, Contributor) Price Rs 975 Click to buy online Author : Anoop Modi  Mahesh Gupta Edition : 2nd Edition 2017 Date of Publication : Sept. 2017 ISBN No.:9789386882127 Binding : Paperback No. Of Pages : 664 Weight (Kgs) : 0.71 View Contents of this Book  : Taxmann… Read More »

Section 125 Kerala GST Ordinance 2017 : General penalty

By | September 28, 2017

Section 125 Kerala GST Ordinance 2017 [ Section 125 Kerala GST Ordinance 2017 explains General penalty and is covered in CHAPTER XIX OFFENCES AND PENALTIES ] General penalty 125. Any person, who contravenes any of the provisions of this Ordinance or any rules made thereunder for which no penalty is separately provided for in this Ordinance, shall be liable to… Read More »

Section 124 Kerala GST Ordinance 2017 : Fine for failure to furnish statistics

By | September 28, 2017

Section 124 Kerala GST Ordinance 2017 [ Section 124 Kerala GST Ordinance 2017 explains Fine for failure to furnish statistics and is covered in CHAPTER XIX OFFENCES AND PENALTIES ] Fine for failure to furnish statistics 124. If any person required to furnish any information or return under section 151,— (a) without reasonable cause fails to furnish such information or… Read More »

Section 123 Kerala GST Ordinance 2017 : Penalty for failure to furnish information return

By | September 28, 2017

Section 123 Kerala GST Ordinance 2017 [ Section 123 Kerala GST Ordinance 2017 explains Penalty for failure to furnish information return and is covered in CHAPTER XIX OFFENCES AND PENALTIES ] Penalty for failure to furnish information return 123. If a person who is required to furnish an information return under section 150 fails to do so within the period… Read More »

Section 122 Kerala GST Ordinance 2017 : Penalty for certain offences

By | September 28, 2017

Section 122 Kerala GST Ordinance 2017 [ Section 122 Kerala GST Ordinance 2017 explains Penalty for certain offences and is covered in CHAPTER XIX OFFENCES AND PENALTIES ] Penalty for certain offences 122. (1) Where a taxable person who,— (i) supplies any goods or services or both without issue of any invoice or issues an incorrect or false invoice with… Read More »

 Section 121 Kerala GST Ordinance 2017 : Non appealable decisions and orders

By | September 28, 2017

Section 121 Kerala GST Ordinance 2017 [ Section 121 Kerala GST Ordinance 2017 explains  Non appealable decisions and orders and is covered in CHAPTER XVIII APPEALS AND REVISION ]  Non appealable decisions and orders 121. Notwithstanding anything to the contrary in any provisions of this Ordinance, no appeal shall lie against any decision taken or order passed by an officer… Read More »

Section 120 Kerala GST Ordinance 2017 : Appeal not to be filed in certain cases

By | September 28, 2017

Section 120 Kerala GST Ordinance 2017 [ Section 120 Kerala GST Ordinance 2017 explains Appeal not to be filed in certain cases and is covered in CHAPTER XVIII APPEALS AND REVISION ] Appeal not to be filed in certain cases 120. (1) The Commissioner may, on the recommendations of the Council, from time to time, issue orders or instructions or… Read More »

Section 119 Kerala GST Ordinance 2017 : Sums due to be paid notwithstanding appeal etc.

By | September 28, 2017

Section 119 Kerala GST Ordinance 2017 [ Section 119 Kerala GST Ordinance 2017 explains Sums due to be paid notwithstanding appeal etc. and is covered in CHAPTER XVIII APPEALS AND REVISION ] Sums due to be paid notwithstanding appeal etc. 119. Notwithstanding that an appeal has been preferred to the High Court or the Supreme Court, sums due to the… Read More »

Section 118 Kerala GST Ordinance 2017 : Appeal to Supreme Court

By | September 28, 2017

Section 118 Kerala GST Ordinance 2017 [ Section 118 Kerala GST Ordinance 2017 explains Appeal to Supreme Court and is covered in CHAPTER XVIII APPEALS AND REVISION ] Appeal to Supreme Court 118 . (1) An appeal shall lie to the Supreme Court,— (a) from any order passed by the National Bench or Regional Benches of the Appellate Tribunal; or… Read More »

Section 117 Kerala GST Ordinance 2017 : Appeal to High Court

By | September 28, 2017

Section 117 Kerala GST Ordinance 2017 [ Section 117 Kerala GST Ordinance 2017 explains Appeal to High Court and is covered in CHAPTER XVIII APPEALS AND REVISION ] Appeal to High Court 117 . (1) Any person aggrieved by any order passed by the State Bench or Area Benches of the Appellate Tribunal may file an appeal to the High… Read More »

Section 116 Kerala GST Ordinance 2017 : Appearance by authorised representative

By | September 28, 2017

Section 116 Kerala GST Ordinance 2017 [ Section 116 Kerala GST Ordinance 2017 explains Appearance by authorised representative and is covered in CHAPTER XVIII APPEALS AND REVISION ] Appearance by authorised representative 116 . (1) Any person who is entitled or required to appear before an officer appointed under this Ordinance, or the Appellate Authority or the Appellate Tribunal in… Read More »

Section 115 Kerala GST Ordinance 2017 : Interest on refund of amount paid for admission of appeal

By | September 28, 2017

Section 115 Kerala GST Ordinance 2017 [ Section 115 Kerala GST Ordinance 2017 explains Interest on refund of amount paid for admission of appeal and is covered in CHAPTER XVIII APPEALS AND REVISION ] Interest on refund of amount paid for admission of appeal 115 . Where an amount paid by the appellant under sub-section (6) of section 107 or… Read More »

Section 114 Kerala GST Ordinance 2017 : Financial and administrative powers of State President

By | September 28, 2017

Section 114 Kerala GST Ordinance 2017 [ Section 114  Kerala GST Ordinance 2017 explains Financial and administrative powers of State President and is covered in CHAPTER XVIII APPEALS AND REVISION ] Financial and administrative powers of State President 114 . The State President shall exercise such financial and administrative powers over the State Bench and Area Benches of the Appellate Tribunal… Read More »

Section 113 Kerala GST Ordinance 2017 : Orders of Appellate Tribunal

By | September 28, 2017

Section 113 Kerala GST Ordinance 2017 [ Section 113  Kerala GST Ordinance 2017 explains Orders of Appellate Tribunal and is covered in CHAPTER XVIII APPEALS AND REVISION ] Orders of Appellate Tribunal 113 . (1) The Appellate Tribunal may, after giving the parties to the appeal an opportunity of being heard, pass such orders thereon as it thinks fit, confirming,… Read More »

Section 112 Kerala GST Ordinance 2017 : Appeals to Appellate Tribunal

By | September 28, 2017

Section 112 Kerala GST Ordinance 2017 [ Section 112  Kerala GST Ordinance 2017 explains Appeals to Appellate Tribunal and is covered in CHAPTER XVIII APPEALS AND REVISION ] Appeals to Appellate Tribunal 112 . (1) Any person aggrieved by an order passed against him under section 107 or section 108 of this Ordinance or the Central Goods and Services Tax… Read More »

Section 111 Kerala GST Ordinance 2017 : Procedure before Appellate Tribunal

By | September 28, 2017

Section 111 Kerala GST Ordinance 2017 [ Section 111  Kerala GST Ordinance 2017 explains Procedure before Appellate Tribunal and is covered in CHAPTER XVIII APPEALS AND REVISION ] Procedure before Appellate Tribunal 111 . (1) The Appellate Tribunal shall not, while disposing of any proceedings before it or an appeal before it, be bound by the procedure laid down in… Read More »

Section 110 Kerala GST Ordinance 2017 : President and Members of Appellate Tribunal, their qualification, appointment, conditions of service, etc.

By | September 28, 2017

Section 110 Kerala GST Ordinance 2017 [ Section 110  Kerala GST Ordinance 2017 explains President and Members of Appellate Tribunal, their qualification, appointment, conditions of service, etc.  and is covered in CHAPTER XVIII APPEALS AND REVISION ] President and Members of Appellate Tribunal, their qualification, appointment, conditions of service, etc. 110 . The qualifications, appointment, salary and allowances, terms of… Read More »

Section 109 Kerala GST Ordinance 2017 : Appellate Tribunal and Benches thereof

By | September 28, 2017

Section 109 Kerala GST Ordinance 2017 [ Section 109  Kerala GST Ordinance 2017 explains Appellate Tribunal and Benches thereof  and is covered in CHAPTER XVIII APPEALS AND REVISION ] Appellate Tribunal and Benches thereof 109 . (1) Subject to the provisions of this Chapter, the Goods and Services Tax Tribunal constituted under the Central Goods and Services Tax Act, 2017… Read More »

Section 108 Kerala GST Ordinance 2017 : Powers of Revisional Authority

By | September 28, 2017

Section 108 Kerala GST Ordinance 2017 [ Section 108  Kerala GST Ordinance 2017 explains Powers of Revisional Authority  and is covered in CHAPTER XVIII APPEALS AND REVISION ] Powers of Revisional Authority 108 . (1) Subject to the provisions of section 121 and any rules made thereunder, the Revisional Authority may, on his own motion, or upon information received by… Read More »

Section 107 Kerala GST Ordinance 2017 : Appeals to Appellate Authority

By | September 28, 2017

Section 107 Kerala GST Ordinance 2017 [ Section 107  Kerala GST Ordinance 2017 explains Appeals to Appellate Authority  and is covered in CHAPTER XVIII APPEALS AND REVISION ] Appeals to Appellate Authority 107. (1) Any person aggrieved by any decision or order passed under this Ordinance or the Central Goods and Services Tax Act, 2017 (Central Act 12 of 2017)… Read More »

Section 106 Kerala GST Ordinance 2017 : Procedure of Authority and Appellate Authority

By | September 28, 2017

Section 106 Kerala GST Ordinance 2017 [ Section 106  Kerala GST Ordinance 2017 explains Procedure of Authority and Appellate Authority  and is covered in CHAPTER XVII ADVANCE RULING ] Procedure of Authority and Appellate Authority 106 . The Authority or the Appellate Authority shall, subject to the provisions of this Chapter, have power to regulate its own procedure. Kerala GST… Read More »

Section 105 Kerala GST Ordinance 2017 : Powers of Authority and Appellate Authority

By | September 28, 2017

Section 105 Kerala GST Ordinance 2017 [ Section 105  Kerala GST Ordinance 2017 explains Powers of Authority and Appellate Authority  and is covered in CHAPTER XVII ADVANCE RULING ] Powers of Authority and Appellate Authority 105. (1) The Authority or the Appellate Authority shall, for the purpose of exercising its powers regarding,— (a) discovery and inspection; (b) enforcing the attendance… Read More »

Section 104 Kerala GST Ordinance 2017 : Advance ruling to be void in certain circumstances

By | September 28, 2017

Section 104 Kerala GST Ordinance 2017 [ Section 104  Kerala GST Ordinance 2017 explains Advance ruling to be void in certain circumstances  and is covered in CHAPTER XVII ADVANCE RULING ] Advance ruling to be void in certain circumstances 104 . (1) Where the Authority or the Appellate Authority finds that advance ruling pronounced by it under sub-section (4) of… Read More »

Section 103 Kerala GST Ordinance 2017 : Applicability of advance ruling

By | September 28, 2017

Section 103 Kerala GST Ordinance 2017 [ Section 103 Kerala GST Ordinance 2017 explains Applicability of advance ruling and is covered in CHAPTER XVII ADVANCE RULING ] Applicability of advance ruling 103 . (1) The advance ruling pronounced by the Authority or the Appellate Authority under this Chapter shall be binding only,— (a) on the applicant who had sought it… Read More »

Section 102 Kerala GST Ordinance 2017 : Rectification of advance ruling

By | September 28, 2017

Section 102 Kerala GST Ordinance 2017 [ Section 102 Kerala GST Ordinance 2017 explains Rectification of advance ruling and is covered in CHAPTER XVII ADVANCE RULING ] Rectification of advance ruling 102 . The Authority or the Appellate Authority may amend any order passed by it under section 98 or section 101, so as to rectify any error apparent on… Read More »

Section 101 Kerala GST Ordinance 2017 : Orders of Appellate Authority

By | September 28, 2017

Section 101 Kerala GST Ordinance 2017 [ Section 101 Kerala GST Ordinance 2017 explains Orders of Appellate Authority and is covered in CHAPTER XVII ADVANCE RULING ] Orders of Appellate Authority 101 . (1) The Appellate Authority may, after giving the parties to the appeal or reference an opportunity of being heard, pass such order as it thinks fit, confirming… Read More »

Section 100 Kerala GST Ordinance 2017 : Appeal to the Appellate Authority

By | September 28, 2017

Section 100 Kerala GST Ordinance 2017 [ Section 100 Kerala GST Ordinance 2017 explains Appeal to the Appellate Authority and is covered in CHAPTER XVII ADVANCE RULING ] Appeal to the Appellate Authority 100 . (1) The concerned officer, the jurisdictional officer or an applicant aggrieved by any advance ruling pronounced under sub-section (4) of section 98, may appeal to… Read More »

Section 99 Kerala GST Ordinance 2017 : Constitution of Appellate Authority for Advance Ruling

By | September 28, 2017

Section 99 Kerala GST Ordinance 2017 [ Section 99 Kerala GST Ordinance 2017 explains Constitution of Appellate Authority for Advance Ruling and is covered in CHAPTER XVII ADVANCE RULING ] Constitution of Appellate Authority for Advance Ruling 99. The Government shall, by notification, constitute an Authority to be known as Kerala Appellate Authority for Advance Ruling for Goods and Services… Read More »

Section 98 Kerala GST Ordinance 2017 : Procedure on receipt of application

By | September 28, 2017

Section 98 Kerala GST Ordinance 2017 [ Section 98 Kerala GST Ordinance 2017 explains Procedure on receipt of application  and is covered in CHAPTER XVII ADVANCE RULING ] Procedure on receipt of application 98. (1) On receipt of an application, the Authority shall cause a copy thereof to be forwarded to the concerned officer and, if necessary, call upon him… Read More »

Section 97 Kerala GST Ordinance 2017 : Application for advance ruling

By | September 28, 2017

Section 97 Kerala GST Ordinance 2017 [ Section 97 Kerala GST Ordinance 2017 explains Application for advance ruling  and is covered in CHAPTER XVII ADVANCE RULING ] Application for advance ruling 97. (1) An applicant desirous of obtaining an advance ruling under this Chapter may make an application in such form and manner and accompanied by such fee as may… Read More »

Section 96 Kerala GST Ordinance 2017 : Constitution of Authority for Advance Ruling

By | September 28, 2017

Section 96 Kerala GST Ordinance 2017 [ Section 96 Kerala GST Ordinance 2017 explains Constitution of Authority for Advance Ruling  and is covered in CHAPTER XVII ADVANCE RULING ] Constitution of Authority for Advance Ruling 96. (1) The Government shall, by notification, constitute an Authority to be known as the Kerala Authority for Advance Ruling: Provided that the Government may, on… Read More »