Daily Archives: December 24, 2017

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

By | December 24, 2017

Schedule III of Meghalaya GST Act 2017 ( Schedule III of Meghalaya GST Act 2017 explains Activities or transactions which shall be treated neither as a supply of goods nor a supply of services  ) SCHEDULE III [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 of Meghalaya GST Act 2017 : Activities to be treated as supply of goods or supply of services

By | December 24, 2017

Schedule II of Meghalaya GST Act 2017 ( Schedule II of Meghalaya GST Act 2017 explains Activities to be treated as supply of goods or supply of services ) SCHEDULE II [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 of Meghalaya GST Act 2017 : Activities to be treated as supply even if made without consideration

By | December 24, 2017

Schedule I of Meghalaya GST Act 2017 ( Schedule I of Meghalaya GST Act 2017 explains Activities to be treated as supply even if made without consideration) SCHEDULE I [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… Read More »

Section 174 of Meghalaya GST Act 2017 : Repeal and saving

By | December 24, 2017

Section 174 of Meghalaya GST Act 2017 ( Section 174 of Meghalaya 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 Meghalaya Amusement and Betting Tax Act, (Assam… Read More »

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

By | December 24, 2017

Section 173 of Meghalaya GST Act 2017 ( Section 173 of Meghalaya 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; (i) In the Meghalaya Municipal Act (Assam Act… Read More »

Section 172 of Meghalaya GST Act 2017 : Removal of difficulties

By | December 24, 2017

Section 172 of Meghalaya GST Act 2017 ( Section 172 of Meghalaya 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 Meghalaya GST Act 2017 : Anti-profiteering Measure

By | December 24, 2017

Section 171 of Meghalaya GST Act 2017 ( Section 171 of Meghalaya 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 Meghalaya GST Act 2017 : Rounding off of tax etc

By | December 24, 2017

Section 170 of Meghalaya GST Act 2017 ( Section 170 of Meghalaya 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 Meghalaya GST Act 2017 : Service of notice in certain circumstances

By | December 24, 2017

Section 169 of Meghalaya GST Act 2017 ( Section 169 of Meghalaya 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 Meghalaya GST Act 2017 : Power to issue instructions or directions

By | December 24, 2017

Section 168 of Meghalaya GST Act 2017 ( Section 168 of Meghalaya 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 of this… Read More »

Section 167 of Meghalaya GST Act 2017 : Delegation of powers

By | December 24, 2017

Section 167 of Meghalaya GST Act 2017 ( Section 167 of Meghalaya 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 Meghalaya GST Act 2017 : Laying of rules, regulations and notifications

By | December 24, 2017

Section 166 of Meghalaya GST Act 2017 ( Section 166 of Meghalaya 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 Commissionerand every notification issued by the Government under this Act, shall… Read More »

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

By | December 24, 2017

Section 165 of Meghalaya GST Act 2017 ( Section 165 of Meghalaya GST Act 2017 explains Power to make regulations and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS)  Power to make regulations 165. The Commissioner may, by notification, make regulations consistent with this Act and the rules made thereunder to carry out the provisions of this Act. Meghalaya GST Act… Read More »

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

By | December 24, 2017

Section 164 of Meghalaya GST Act 2017 ( Section 164 of Meghalaya 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 Meghalaya GST Act 2017 : Bar on jurisdiction of civil courts

By | December 24, 2017

Section 162 of Meghalaya GST Act 2017 ( Section 162 of Meghalaya 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 Meghalaya GST Act 2017 : Rectification of errors apparent from record

By | December 24, 2017

Section 161 of Meghalaya GST Act 2017 ( Section 161 of Meghalaya 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 Meghalaya GST Act 2017 : Assessment proceedings, etc. not to be invalid on certain grounds

By | December 24, 2017

Section 160 of Meghalaya GST Act 2017 ( Section 160 of Meghalaya 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 Meghalaya GST Act 2017 : Publication of information respecting persons in certain cases

By | December 24, 2017

Section 159 of Meghalaya GST Act 2017 ( Section 159 of Meghalaya 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 Meghalaya GST Act 2017 : Disclosure of information by a public servant

By | December 24, 2017

Section 158 of Meghalaya GST Act 2017 ( Section 158 of Meghalaya 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 Meghalaya GST Act 2017 : Protection of action taken under this Act

By | December 24, 2017

Section 157 of Meghalaya GST Act 2017 ( Section 157 of Meghalaya 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 Meghalaya GST Act 2017 : Persons deemed to be public servants

By | December 24, 2017

Section 156 of Meghalaya GST Act 2017 ( Section 156 of Meghalaya 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 Meghalaya GST Act 2017 : Burden of Proof

By | December 24, 2017

Section 155 of Meghalaya GST Act 2017 ( Section 155 of Meghalaya 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. Meghalaya… Read More »

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

By | December 24, 2017

Section 154 of Meghalaya GST Act 2017 ( Section 154 of Meghalaya 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 Meghalaya GST Act 2017 : Taking assistance from an expert

By | December 24, 2017

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

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

By | December 24, 2017

Section 152 of Meghalaya GST Act 2017 ( Section 152 of Meghalaya 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 Meghalaya GST Act 2017 : Power to collect statistics

By | December 24, 2017

Section 151 of Meghalaya GST Act 2017 ( Section 151 of Meghalaya 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 Meghalaya GST Act 2017 : Obligation to furnish information return

By | December 24, 2017

Section 150 of Meghalaya GST Act 2017 ( Section 150 of Meghalaya 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 Meghalaya GST Act 2017 : Goods and services tax compliance rating

By | December 24, 2017

Section 149 of Meghalaya GST Act 2017 ( Section 149 of Meghalaya 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 Meghalaya GST Act 2017 : Special Procedure for certain processes

By | December 24, 2017

Section 148 of Meghalaya GST Act 2017 ( Section 148 of Meghalaya 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 Meghalaya GST Act 2017 : Deemed Exports

By | December 24, 2017

Section 147 of Meghalaya GST Act 2017 ( Section 147 of Meghalaya 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 Meghalaya GST Act 2017 : Common Portal

By | December 24, 2017

Section 146 of Meghalaya GST Act 2017 ( Section 146 of Meghalaya 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 Meghalaya GST Act 2017 : Admissibility of micro films, facsimile copies of documents and computer printouts as documents and as evidence

By | December 24, 2017

Section 145 of Meghalaya GST Act 2017 ( Section 145 of Meghalaya 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 »

USA IRS – Taxpayers and tax preparers can connect to the IRS through social media

By | December 24, 2017

Taxpayers and tax preparers can connect to the IRS through social media The IRS uses social media tools to share the latest information concerning taxes and the services offered to taxpayers. With just a couple of months before people begin to file your taxes, this is the perfect time for taxpayers and tax preparers to… Read More »

USA IRS – Criminal Investigation Division of IRS publishes report FY 2017

By | December 24, 2017

Criminal Investigation Division of the IRS publishes report FY 2017 IR-2017-208SP, December 20, 2017 WASHINGTON – The Internal Revenue Service (IRS) announced today the publication of the annual report of the Criminal Investigation Division (CI, for its acronym in English), which reflects the significant achievements and actions of criminal execution carried out in FY 2017 . Focusing on employment… Read More »

USA IRS – Tax professionals need a PTIN 2018; continuing education for tax season annual program expires at the end of the year

By | December 24, 2017

IRS: Tax professionals need a PTIN 2018; continuing education for tax season annual program expires at the end of the year IR-2017-207SP, December 20, 2017 WASHINGTON – The Internal Revenue Service (IRS) reminds preparers federal tax that must renew their Preparer Identification Number (PTIN) which expires on December 31, 2017. Anyone who charges for preparing or assisting in the… Read More »

USA IRS – Strong passwords help with data security

By | December 24, 2017

Strong passwords help with data security Passwords are often the key to protecting access to personal information and data stored on computers or e – mailed. Because most taxpayers file their returns electronically and have access to account information online, it is essential that taxpayers not only create strong passwords for all accounts related to taxes, but they do everything in… Read More »

USA IRS – Prepare for taxes: Filing electronically is easy and secure

By | December 24, 2017

Prepare for taxes: Filing electronically is easy and secure IR-2017-206SP, December 19, 2017 WASHINGTON – The Internal Revenue Service said today it expects more than 90 percent of all individual tax returns for 2017 are prepared using tax software. Most of these will be presented by e-file . Since 1986 when the IRS began accepting tax returns… Read More »

 IRS Tax Tip for Tax Professional : Data Protection Resources

By | December 24, 2017

Issue Number:    IRS Tax Tip 2017-94 Inside This Issue Tax Professionals: Visit IRS.gov for Data Protection Resources Tax professionals increasingly are targeted by cybercriminals seeking to steal sensitive client data. Thieves use stolen information to file fraudulent tax returns. These criminals are based both here and abroad. They are highly sophisticated, well-funded and technologically adept. Because… Read More »