Daily Archives: December 10, 2017

IBBI notify Regulations for handling of Grievances and Complaints under Insolvency and Bankruptcy code 2016

By | December 10, 2017

The Insolvency and Bankruptcy Board of India (IBBI) notifies Regulations for handling of Grievances and Complaints.  The Insolvency and Bankruptcy Board of India (IBBI) has notified the IBBI (Grievance and Complaint Handling Procedure) Regulations, 2017 in the Gazette of India on 7th December, 2017. The Regulations enable a Stakeholder, namely, debtor, creditor, claimant, service provider, resolution applicant… Read More »

50 Crores of Demonetized Currency recovered ! fine Could be Rs 245 crores.

By | December 10, 2017

Dri Strikes Against Black Money – Recovers about Rs.50 Crores of Demonetized Currency Sleuths of the Directorate of Revenue Intelligence (DRI), a pioneer Intelligence Agency of the Government of India, zeroed in on an office premises at Bharuch in Gujarat State and recovered about Rs. 48.91 crores of demonetised currency in Rs. 500 and Rs.1,000… Read More »

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

By | December 10, 2017

Schedule III of Manipur GST Act 2017 ( Schedule III of Manipur GST Act 2017 explains Activities for transactions which shall be treated neither as a supply of goods nor a supply of services  ) SCHEDULE III [See section 7] ACTIVITIES FOR TRANSACTIONS WHICH SHALL BE TREATED NEITHER AS A SUPPLY OF GOODS NOR A SUPPLY OF SERVICES 1. Services… Read More »

Schedule II of Manipur GST Act 2017 : Activities to be treated as supply of goods or supply of services

By | December 10, 2017

Schedule II of Manipur GST Act 2017 ( Schedule II of Manipur GST Act 2017 explains Activities to be treated as supply of goods or supply of services   ) SCHEDULE II [See section7] 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 of Manipur GST Act 2017 : Activities to be treated as supply even if made with out consideration

By | December 10, 2017

Schedule I of Manipur GST Act 2017 ( Schedule I of Manipur GST Act 2017 explains ACTIVITIES TO BE TREATED AS SUPPLY EVEN IF MADE WITH OUT CONSIDERATION  ) SCHEDULE I [See section 7] ACTIVITIES TO BE TREATED AS SUPPLY EVEN IF MADE WITH OUT CONSIDERATION 1. Permanent transfer or disposal of business assets where input tax… Read More »

Section 174 of Manipur GST Act 2017 : Repeal and saving

By | December 10, 2017

Section 174 of Manipur GST Act 2017 ( Section 174 of Manipur GST Act 2017 explains Repeal and saving and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) Repeal and saving 174. (1) Save as otherwise provided in this Act, on and from the date of commencement of this Act, (i) the Manipur Value Added Tax Act, 2004 (6… Read More »

Section 173 of Manipur GST Act 2017 : Amendment of certain Acts

By | December 10, 2017

Section 173 of Manipur GST Act 2017 ( Section 173 of Manipur GST Act 2017 explains Amendment of certain Acts and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) Amendment of certain Acts 173. Save as otherwise provided in this Act, on and from the date of commencement of this Act-in the Manipur Municipalities Act, 1994 (43 of 1994),… Read More »

Section 172 of Manipur GST Act 2017 : Removal of difficulties

By | December 10, 2017

Section 172 of Manipur GST Act 2017 ( Section 172 of Manipur GST Act 2017 explains Removal of difficulties and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) 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… Read More »

Section 171 of Manipur GST Act 2017 : Anti-profiteering Measure

By | December 10, 2017

Section 171 of Manipur GST Act 2017 ( Section 171 of Manipur GST Act 2017 explains Anti-profiteering Measure and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) 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… Read More »

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

By | December 10, 2017

Section 170 of Manipur GST Act 2017 ( Section 170 of Manipur GST Act 2017 explains Rounding off of tax etc. and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) 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… Read More »

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

By | December 10, 2017

Section 169 of Manipur GST Act 2017 ( Section 169 of Manipur GST Act 2017 explains Service of notice in certain circumstances and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) 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… Read More »

Section 168 of Manipur GST Act 2017 : Power to issue instructions or directions

By | December 10, 2017

Section 168 of Manipur GST Act 2017 ( Section 168 of Manipur GST Act 2017 explains Power to issue instructions or directions  and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) 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… Read More »

Section 167 of Manipur GST Act 2017 : Delegation of powers

By | December 10, 2017

Section 167 of Manipur GST Act 2017 ( Section 167 of Manipur GST Act 2017 explains Delegation of powers  and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) 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… Read More »

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

By | December 10, 2017

Section 166 of Manipur GST Act 2017 ( Section 166 of Manipur GST Act 2017 explains Laying of rules, regulations and notifications  and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) 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… Read More »

Section 165 of Manipur GST Act 2017 : Power to make regulations

By | December 10, 2017

Section 165 of Manipur GST Act 2017 ( Section 165 of Manipur GST Act 2017 explains Power to make regulations  and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) 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.  … Read More »

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

By | December 10, 2017

Section 164 of Manipur GST Act 2017 ( Section 164 of Manipur GST Act 2017 explains Power of Government to make rules  and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) 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… Read More »

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

By | December 10, 2017

Section 162 of Manipur GST Act 2017 ( Section 162 of Manipur GST Act 2017 explains Bar on jurisdiction of civil courts and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) 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… Read More »

Section 161 of Manipur GST Act 2017 : Rectification of errors apparent from record

By | December 10, 2017

Section 161 of Manipur GST Act 2017 ( Section 161 of Manipur GST Act 2017 explains Rectification of errors apparent from record and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) Rectification of errors apparent from record 161. Without prejudice to the provisions of section 160, and notwithstanding anything contained in any other provisions of this Act, any authority,… Read More »

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

By | December 10, 2017

Section 160 of Manipur GST Act 2017 ( Section 160 of Manipur GST Act 2017 explains Assessment proceedings, etc. not to be invalid on certain grounds and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) 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… Read More »

Section 159 of Manipur GST Act 2017 : Publication of information respecting persons in certain cases

By | December 10, 2017

Section 159 of Manipur GST Act 2017 ( Section 159 of Manipur GST Act 2017 explains Publication of information respecting persons in certain cases and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) Publication of information respecting 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 of Manipur GST Act 2017 : Disclosure of information by a public servant

By | December 10, 2017

Section 158 of Manipur GST Act 2017 ( Section 158 of Manipur GST Act 2017 explains Disclosure of information by a public servant and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) 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… Read More »

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

By | December 10, 2017

Section 157 of Manipur GST Act 2017 ( Section 157 of Manipur GST Act 2017 explains Protection of action taken under this Act and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) 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… Read More »

Section 156 of Manipur GST Act 2017 : Persons deemed to be public servants

By | December 10, 2017

Section 156 of Manipur GST Act 2017 ( Section 156 of Manipur GST Act 2017 explains Persons deemed to be public servants and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) 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… Read More »

Section 155 of Manipur GST Act 2017 : Burden of Proof

By | December 10, 2017

Section 155 of Manipur GST Act 2017 ( Section 155 of Manipur GST Act 2017 explains Burden of Proof and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) 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. Manipur… Read More »

Section 154 of Manipur GST Act 2017 : Power to take samples

By | December 10, 2017

Section 154 of Manipur GST Act 2017 ( Section 154 of Manipur GST Act 2017 explains Power to take samples and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) 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,… Read More »

Section 153 of Manipur GST Act 2017 : Taking assistance from a expert

By | December 10, 2017

Section 153 of Manipur GST Act 2017 ( Section 153 of Manipur GST Act 2017 explains Taking assistance from a expert and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) Taking assistance from a 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… Read More »

Section 152 of Manipur GST Act 2017 : Bar on disclosure of information required under section 151

By | December 10, 2017

Section 152 of Manipur GST Act 2017 ( Section 152 of Manipur GST Act 2017 explains Bar on disclosure of information required under section 151 and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) Bar on disclosure of information required under section 151 152. (1) No information of any individual return or part thereof with respect to any matter… Read More »

Section 151 of Manipur GST Act 2017 : Power to collect statistics

By | December 10, 2017

Section 151 of Manipur GST Act 2017 ( Section 151 of Manipur GST Act 2017 explains Power to collect statistics and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) 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… Read More »

Section 150 of Manipur GST Act 2017 : Obligation to furnish information return

By | December 10, 2017

Section 150 of Manipur GST Act 2017 ( Section 150 of Manipur GST Act 2017 explains Obligation to furnish information return and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) 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… Read More »

Section 149 of Manipur GST Act 2017 : Goods and services tax compliance rating

By | December 10, 2017

Section 149 of Manipur GST Act 2017 ( Section 149 of Manipur GST Act 2017 explains Goods and services tax compliance rating and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) 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… Read More »

Section 148 of Manipur GST Act 2017 : Special Procedure for certain processes

By | December 10, 2017

Section 148 of Manipur GST Act 2017 ( Section 148 of Manipur GST Act 2017 explains Special Procedure for certain processes and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) 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… Read More »

Section 147 of Manipur GST Act 2017 : Deemed Exports

By | December 10, 2017

Section 147 of Manipur GST Act 2017 ( Section 147 of Manipur GST Act 2017 explains Deemed Exports and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) 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… Read More »

Section 146 of Manipur GST Act 2017 : Common Portal

By | December 10, 2017

Section 146 of Manipur GST Act 2017 ( Section 146 of Manipur GST Act 2017 explains Common Portal  and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) 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… Read More »

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

By | December 10, 2017

Section 145 of Manipur GST Act 2017 ( Section 145 of Manipur GST Act 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 PROVISIONS ) Admissibility of micro films, facsimile copies of documents and computer printouts as documents and as evidence 145. (1)… Read More »

Section 144 of Manipur GST Act 2017 : Presumption as to documents in certain cases

By | December 10, 2017

Section 144 of Manipur GST Act 2017 ( Section 144 of Manipur GST Act 2017 explains Presumption as to documents in certain cases and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) Presumption as to documents in certain cases 144. Where any document- (i) is produced by any person under this Act or any other law for the time… Read More »

Section 143 of Manipur GST Act 2017 : Job work procedure

By | December 10, 2017

Section 143 of Manipur GST Act 2017 ( Section 143 of Manipur GST Act 2017 explains Job work procedure and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) Job work 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… Read More »

Section 142 of Manipur GST Act 2017 : Miscellaneous transitional provisions

By | December 10, 2017

Section 142 of Manipur GST Act 2017 ( Section 142 of Manipur GST Act 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… Read More »

Section 141 of Manipur GST Act 2017: Transitional provisions relating to job work

By | December 10, 2017

Section 141 of Manipur GST Act 2017 ( Section 141 of Manipur GST Act 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… Read More »

Section 140 of Manipur GST Act 2017 : Transitional arrangements for input tax credit

By | December 10, 2017

Section 140 of Manipur GST Act 2017 ( Section 140 of Manipur GST Act 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… Read More »

Section 139 of Manipur GST Act 2017 : Migration of existing taxpayers

By | December 10, 2017

Section 139 of Manipur GST Act 2017 ( Section 139 of Manipur GST Act 2017 explains Migration of existing taxpayers and is covered in Chapter XX : TRANSITIONAL PROVISIONS ) Migration of existing taxpayers 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 of Manipur GST Act 2017 : Compounding of offences

By | December 10, 2017

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

Section 137 of Manipur GST Act 2017 : Offences by Companies

By | December 10, 2017

Section 137 of Manipur GST Act 2017 ( Section 137 of Manipur GST Act 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 Act is a company, every person who, at the time the offence was committed was in… Read More »

Section 136 of Manipur GST Act 2017 : Relevancy of statements under certain circumstances

By | December 10, 2017

Section 136 of Manipur GST Act 2017 ( Section 136 of Manipur GST Act 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… Read More »

Section 135 of Manipur GST Act 2017 : Presumption of culpable mental state

By | December 10, 2017

Section 135 of Manipur GST Act 2017 ( Section 135 of Manipur GST Act 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 Act which requires a culpable mental state on the part of the accused,… Read More »

Section 134 of Manipur GST Act 2017 : Cognizance of offences

By | December 10, 2017

Section 134 of Manipur GST Act 2017 ( Section 134 of Manipur GST Act 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 Act or the rules made thereunder except with the previous sanction of the Commissioner, and… Read More »

Section 133 of Manipur GST Act 2017 : Liability of officers and certain other persons.

By | December 10, 2017

Section 133 of Manipur GST Act 2017 ( Section 133 of Manipur GST Act 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) If any person engaged in connection with the collection of statistics under section 151 or compilation or… Read More »

Section 132 of Manipur GST Act 2017 : Punishment for certain offences

By | December 10, 2017

Section 132 of Manipur GST Act 2017 ( Section 132 of Manipur GST Act 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… Read More »

Section 132 of Manipur GST Act 2017 : Punishment for certain offences

By | December 10, 2017

Section 132 of Manipur GST Act 2017 ( Section 132 of Manipur GST Act 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… Read More »

Section 131 of Manipur GST Act 2017 : Confiscation or penalty not to interfere with other punishments.

By | December 10, 2017

Section 131 of Manipur GST Act 2017 ( Section 131 of Manipur GST Act 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 (2… Read More »