Daily Archives: September 29, 2017

Do e Assessment in time barring scrutiny cases : CBDT clarify

By | September 29, 2017

Instruction No. 8/2017 Government of India Ministry of Finance Department of Revenue (CBDT) North Block, N.Delhi, dated the 29′” of September, 2017 Subject: Conduct of Assessment Proceedings electronically in time-barring scrutiny cases-Order under section 119 of the Income-tax Act, 1961 (‘Act’)-regd.- As a part of Government’s initiative towards E-governance, Income-tax Department has brought digital transformation… Read More »

No Income Tax scrutiny for First Time Non-Business Tax Payers < 5 Lakh Income

By | September 29, 2017

FM: Income Tax Department takes various initiatives to bring about efficiency, transparency, and fairness in Tax Administration; Government is committed to widen the tax base by encouraging and incentivising the new tax payers; Number of tax payers increased significantly from 4.72 crore in financial year 2012-13 to 6.26 crore during the Financial Year 2016-17;  Direct… Read More »

Section 150 Kerala GST Ordinance 2017 : Obligation to furnish information return

By | September 29, 2017

Section 150 Kerala GST Ordinance 2017 [ Section 150 Kerala GST Ordinance 2017 explains Obligation to furnish information return and is covered in CHAPTER XXI MISCELLANEOUS ] Obligation to furnish information return 150. (1) Any person, being,— (a) a taxable person; or (b) a local authority or other public body or association; or (c) any authority of the State Government responsible… Read More »

Section 149 Kerala GST Ordinance 2017 : Goods and services tax compliance rating

By | September 29, 2017

Section 149 Kerala GST Ordinance 2017 [ Section 149 Kerala GST Ordinance 2017 explains Goods and services tax compliance rating and is covered in CHAPTER XXI MISCELLANEOUS ] Goods and services tax compliance rating 149. (1) Every registered person may be assigned a goods and services tax compliance rating score by the Government based on his record of compliance with the… Read More »

Section 148 Kerala GST Ordinance 2017 : Special procedure for certain processes

By | September 29, 2017

Section 148 Kerala GST Ordinance 2017 [ Section 148 Kerala GST Ordinance 2017 explains Special procedure for certain processes  and is covered in CHAPTER XXI MISCELLANEOUS ] Special procedure for certain processes 148. The Government may, on the recommendations of the Council, and subject to such conditions and safeguards as may be prescribed, notify certain classes of registered persons, and the… Read More »

Section 147 Kerala GST Ordinance 2017 : Deemed Exports

By | September 29, 2017

Section 147 Kerala GST Ordinance 2017 [ Section 147 Kerala GST Ordinance 2017 explains Deemed Exports and is covered in CHAPTER XXI MISCELLANEOUS ] Deemed Exports 147. The Government may, on the recommendations of the Council, notify certain supplies of goods as “deemed exports”, where goods supplied do not leave India, and payment for such supplies is received either in Indian… Read More »

Section 146 Kerala GST Ordinance 2017 : Common Portal

By | September 29, 2017

Section 146 Kerala GST Ordinance 2017 [ Section 146 Kerala GST Ordinance 2017 explains Common Portal and is covered in CHAPTER XXI MISCELLANEOUS ] Common Portal 146. The Government may, on the recommendations of the Council, notify the Common Goods and Services Tax Electronic Portal for facilitating registration, payment of tax, furnishing of returns, computation and settlement of integrated tax, electronic… Read More »

Section 145 Kerala GST Ordinance 2017 : Admissibility of micro films, facsimile copies of documents and computer printouts as documents and as evidence

By | September 29, 2017

Section 145 Kerala GST Ordinance 2017 [ Section 145 Kerala GST Ordinance 2017 explains Admissibility of micro films, facsimile copies of documents and computer printouts as documents and as evidence and is covered in CHAPTER XXI MISCELLANEOUS ] Admissibility of micro films, facsimile copies of documents and computer printouts as documents and as evidence 145. (1) Notwithstanding anything contained in any… Read More »