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 »

Section 144 Kerala GST Ordinance 2017 : Presumption as to documents in certain cases

By | September 29, 2017

Section 144 Kerala GST Ordinance 2017 [ Section 144 Kerala GST Ordinance 2017 explains Presumption as to documents in certain cases and is covered in CHAPTER XXI MISCELLANEOUS ] Presumption as to documents in certain cases 144 . Where any document,— (i) is produced by any person under this Ordinance or any other law for the time being in force; or… Read More »

Section 143 Kerala GST Ordinance 2017 : Jobwork procedure

By | September 29, 2017

Section 143 Kerala GST Ordinance 2017 [ Section 143 Kerala GST Ordinance 2017 explains Jobwork procedure and is covered in CHAPTER XXI MISCELLANEOUS ] Jobwork procedure 143 . (1) A registered person (hereafter in this section referred to as the “principal”) may, under intimation and subject to such conditions as may be prescribed, send any inputs or capital goods, without payment… Read More »

Section 142 Kerala GST Ordinance 2017 : Miscellaneous transitional provisions

By | September 29, 2017

Section 142 Kerala GST Ordinance 2017 [ Section 142 Kerala GST Ordinance 2017 explains Miscellaneous transitional provisions and is covered in CHAPTER XX TRANSITIONAL PROVISIONS ] Miscellaneous transitional provisions 142. (1) Where any goods on which tax, if any, had been paid under the existing law at the time of sale thereof, not being earlier than six months prior to… Read More »

Section 141 Kerala GST Ordinance 2017 : Transitional provisions relating to job work

By | September 29, 2017

Section 141 Kerala GST Ordinance 2017 [ Section 141 Kerala GST Ordinance 2017 explains Transitional provisions relating to job work and is covered in CHAPTER XX TRANSITIONAL PROVISIONS ] Transitional provisions relating to job work 141 . (1) Where any inputs received at a place of business had been despatched as such or despatched after being partially processed to a… Read More »

Section 140 Kerala GST Ordinance 2017 : Transitional arrangements for input tax credit

By | September 29, 2017

Section 140 Kerala GST Ordinance 2017 [ Section 140 Kerala GST Ordinance 2017 explains Transitional arrangements for input tax credit and is covered in CHAPTER XX TRANSITIONAL PROVISIONS ] Transitional arrangements for input tax credit 140. (1) A registered person, other than a person opting to pay tax under section 10, shall be entitled to take, in his electronic credit… Read More »

Section 139 Kerala GST Ordinance 2017 : Migration of existing tax payers

By | September 29, 2017

Section 139 Kerala GST Ordinance 2017 [ Section 139 Kerala GST Ordinance 2017 explains Migration of existing tax payers and is covered in CHAPTER XX TRANSITIONAL PROVISIONS ] Migration of existing tax payers 139 . (1) On and from the appointed day, every person registered under any of the existing laws and having a valid Permanent Account Number shall be… Read More »

Section 138 Kerala GST Ordinance 2017 : Compounding of offences

By | September 29, 2017

Section 138 Kerala GST Ordinance 2017 [ Section 138 Kerala GST Ordinance 2017 explains Compounding of offences and is covered in CHAPTER XIX OFFENCES AND PENALTIES ] Compounding of offences 138. (1) Any offence under this Ordinance may, either before or after the institution of prosecution, be compounded by the Commissioner on payment, by the person accused of the offence,… Read More »

Section 137 Kerala GST Ordinance 2017 : Offences by Companies

By | September 29, 2017

Section 137 Kerala GST Ordinance 2017 [ Section 137 Kerala GST Ordinance 2017 explains Offences by Companies and is covered in CHAPTER XIX OFFENCES AND PENALTIES ] Offences by Companies 137. (1) Where an offence committed by a person under this Ordinance is a company, every person who, at the time the offence was committed was in charge of, and… Read More »

Section 136 Kerala GST Ordinance 2017 : Relevancy of statements under certain circumstances

By | September 29, 2017

Section 136 Kerala GST Ordinance 2017 [ Section 136 Kerala GST Ordinance 2017 explains Relevancy of statements under certain circumstances and is covered in CHAPTER XIX OFFENCES AND PENALTIES ] Relevancy of statements under certain circumstances 136 . A statement made and signed by a person on appearance in response to any summons issued under section 70 during the course… Read More »

Section 135 Kerala GST Ordinance 2017 : Presumption of culpable mental state

By | September 29, 2017

Section 135 Kerala GST Ordinance 2017 [ Section 135 Kerala GST Ordinance 2017 explains Presumption of culpable mental state and is covered in CHAPTER XIX OFFENCES AND PENALTIES ] Presumption of culpable mental state 135. In any prosecution for an offence under this Ordinance which requires a culpable mental state on the part of the accused, the court shall presume… Read More »

Section 134 Kerala GST Ordinance 2017 : Cognizance of offences

By | September 29, 2017

Section 134 Kerala GST Ordinance 2017 [ Section 134 Kerala GST Ordinance 2017 explains Cognizance of offences and is covered in CHAPTER XIX OFFENCES AND PENALTIES ] Cognizance of offences 134. No court shall take cognizance of any offence punishable under this Ordinance or the rules made thereunder except with the previous sanction of the Commissioner, and no court inferior… Read More »

Section 133 Kerala GST Ordinance 2017 : Liability of officers and certain other persons

By | September 29, 2017

Section 133 Kerala GST Ordinance 2017 [ Section 133 Kerala GST Ordinance 2017 explains Liability of officers and certain other persons and is covered in CHAPTER XIX OFFENCES AND PENALTIES ] Liability of officers and certain other persons 133. (1) Where any person engaged in connection with the collection of statistics under section 151 or compilation or computerisation thereof or… Read More »

Section 132 Kerala GST Ordinance 2017 : Punishment for certain offences

By | September 29, 2017

Section 132 Kerala GST Ordinance 2017 [ Section 132 Kerala GST Ordinance 2017 explains Punishment for certain offences and is covered in CHAPTER XIX OFFENCES AND PENALTIES ] Punishment for certain offences 132. (1) Whoever commits any of the following offences, namely:— (a) supplies any goods or services or both without issue of any invoice, in violation of the provisions… Read More »

Section 131 Kerala GST Ordinance 2017 : Confiscation or penalty not to interfere with other punishments

By | September 29, 2017

Section 131 Kerala GST Ordinance 2017 [ Section 131 Kerala GST Ordinance 2017 explains Confiscation or penalty not to interfere with other punishments and is covered in CHAPTER XIX OFFENCES AND PENALTIES ] Confiscation or penalty not to interfere with other punishments 131. Without prejudice to the provisions contained in the Code of Criminal Procedure, 1973 (Central Act 2 of… Read More »

Section 130 Kerala GST Ordinance 2017 : Confiscation of goods or conveyances and levy of penalty

By | September 29, 2017

Section 130 Kerala GST Ordinance 2017 [ Section 130 Kerala GST Ordinance 2017 explains Confiscation of goods or conveyances and levy of penalty and is covered in CHAPTER XIX OFFENCES AND PENALTIES ] Confiscation of goods or conveyances and levy of penalty 130. (1) Notwithstanding anything contained in this Ordinance, if any person,— (i) supplies or receives any goods in… Read More »

Section 129 Kerala GST Ordinance 2017 : Detention, seizure and release of goods and conveyances in transit

By | September 29, 2017

Section 129 Kerala GST Ordinance 2017 [ Section 129 Kerala GST Ordinance 2017 explains Power to waive penalty or fee or both and is covered in CHAPTER XIX OFFENCES AND PENALTIES ] Detention, seizure and release of goods and conveyances in transit 129. (1) Notwithstanding anything contained in this Ordinance, where any person transports any goods or stores any goods… Read More »

Section 128 Kerala GST Ordinance 2017 : Power to waive penalty or fee or both

By | September 29, 2017

Section 128 Kerala GST Ordinance 2017 [ Section 128 Kerala GST Ordinance 2017 explains Power to waive penalty or fee or both and is covered in CHAPTER XIX OFFENCES AND PENALTIES ] Power to waive penalty or fee or both 128. The Government may, by notification, waive in part or full, any penalty referred to in section 122 or section… Read More »

Section 127 Kerala GST Ordinance 2017 : Power to impose penalty in certain cases

By | September 29, 2017

Section 127 Kerala GST Ordinance 2017 [ Section 127 Kerala GST Ordinance 2017 explains Power to impose penalty in certain cases and is covered in CHAPTER XIX OFFENCES AND PENALTIES ] Power to impose penalty in certain cases 127. Where the proper officer is of the view that a person is liable to a penalty and the same is not… Read More »

Section 126 Kerala GST Ordinance 2017 : General disciplines related to penalty

By | September 29, 2017

Section 126 Kerala GST Ordinance 2017 [ Section 126 Kerala GST Ordinance 2017 explains General disciplines related to penalty and is covered in CHAPTER XIX OFFENCES AND PENALTIES ] General disciplines related to penalty 126. (1) No officer under this Ordinance shall impose any penalty for minor breaches of tax regulations or procedural requirements and in particular, any omission or… Read More »

GST News 29.09.2017 by Taxheal

By | September 29, 2017

GST News 29.09.2017 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 GST Books Best… Read More »

UP GST : Govt Guidelines for special vigilance on Festival Season

By | September 29, 2017

Circular No 1718041 Dated 27.09.2017 UP GST Department to intensify investigations in festival season as companies announce various schemes on their products and sale/purchases increases Uttar Pradesh Commercial Department has issued a circular to all zonal commissioner for intensifying investigation in view of the festive seasons. As per the circular it has been stated that… Read More »

GST Rate Change Episode 4 by TaxHeal

By | September 29, 2017

GST Rate Change Episode 4 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 GST… Read More »

PKGKY 2016 challan corrections allowed by CBDT

By | September 29, 2017

CBDT allows PKGKY 2016 challan corrections specifies type of errors which can be corrected. Compulsory deposits challan under PMGKD are not under CBDT power as the Scheme was handled by the DEA F. No. 225/231/2017-ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 27th of September,… Read More »

GST Rate Change Episode 3 by TaxHeal

By | September 29, 2017

GST Rate Change Episode 3 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 GST… Read More »