Daily Archives: January 25, 2018

Notification No 5/2018 Union Territory Tax (Rate) : Exempt Central Government’s share of profit petroleum

By | January 25, 2018

Notification No 5/2018 Union Territory Tax (Rate) Exempt Central Government’s share of profit petroleum  vide Notification No 5/2018 Union Territory Tax (Rate) Dated 25th January, 2018 [TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance (Department of Revenue) Notification No. 5/2018-Union Territory Tax (Rate)… Read More »

Notification No 4/2018 Union Territory Tax (Rate) : Exempt Certain Services from GST

By | January 25, 2018

Notification No 4/2018 Union Territory Tax (Rate) Seeks to amend notification No. 12/2017- Union Territory Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018. vide Notification No 4/2018 Union Territory Tax (Rate) Dated 25th January, 2018 [TO BE PUBLISHED IN THE GAZZETE… Read More »

Notification No 3/2018 Union Territory Tax (Rate) : renting of immovable property by Govt to Registered Person : GST on RCM basis

By | January 25, 2018

Notification No 3/2018 Union Territory Tax (Rate) Seeks to amend notification No. 13/2017- Union Territory Tax (Rate) so as to specify services supplied by the Central Government, State Government, Union territory or local authority by way of renting of immovable property to a registered person under CGST Act, 2017 to be taxed under Reverse Charge… Read More »

Notification No 2/2018 Union Territory Tax (Rate) : Exempt Certain Services from GST

By | January 25, 2018

Notification No 2/2018 Union Territory Tax (Rate) Seeks to amend notification No. 12/2017- Union Territory Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018 vide Notification No 2/2018 Union Territory Tax (Rate) Dated 25th January, 2018 [TO BE PUBLISHED IN THE GAZZETE… Read More »

Notification No 1/2018 Union Territory Tax (Rate) : UTGST Rates on Services Amended

By | January 25, 2018

Notification No 1/2018 Union Territory Tax (Rate) Seeks to amend notification No. 11/2017- Union Territory Tax (Rate) so as to notify UTGST rates of various services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018. vide Notification No 1/2018 Union Territory Tax (Rate) Dated 25th January, 2018 [TO BE PUBLISHED… Read More »

Notification No 6/2018 Integrated Tax (Rate) : exempt from GST on royalty and license fee

By | January 25, 2018

Notification No 6/2018 Integrated Tax (Rate) Seeks to exempt royalty and license fee from Integrated tax to the extent it is paid on the consideration attributable to royalty and license fee included in transaction value under Rule 10(1)(c) of Customs Valuation (Determination of value of imported Goods) Rules, 2007 vide Notification No 6/2018 Integrated Tax… Read More »

Notification No 5/2018 Integrated Tax (Rate) : Exempt from GST Central Government’s share of Profit Petroleum

By | January 25, 2018

Notification No 5/2018 Integrated Tax (Rate) Seeks to exempt Central Government’s share of Profit Petroleum from Integrated tax vide Notification No 5/2018 Integrated Tax (Rate) Dated 25th January, 2018 [TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance (Department of Revenue) Notification No. 5/2018-Integrated… Read More »

Notification No 4/2018 Integrated Tax (Rate) : GST on transfer of development right

By | January 25, 2018

Notification No 4/2018 Integrated Tax (Rate) Seeks to provide special procedure with respect to payment of tax by registered person supplying service by way of construction against transfer of development right and vice versa.  vide Notification No 4/2018 Integrated Tax (Rate) Dated 25th January, 2018 [TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II,… Read More »

Notification No 3/2018 Integrated Tax (Rate) :renting of immovable property by Govt under Reverse Charge Mechanism

By | January 25, 2018

Notification No 3/2018 Integrated Tax (Rate) Seeks to amend notification No. 10/2017- Integrated Tax (Rate) so as to specify services supplied by the Central Government, State Government, Union territory or local authority by way of renting of immovable property to a registered person under CGST Act, 2017 to be taxed under Reverse Charge Mechanism (RCM) … Read More »

Notification No 2/2018 Integrated Tax (Rate) ; Exempt Certain Services

By | January 25, 2018

Notification No 2/2018 Integrated Tax (Rate) Seeks to amend notification No. 9/2017- Integrated Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018  vide Notification No 2/2018 Integrated Tax (Rate) Dated 25th January, 2018 [TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY,… Read More »

Notification No 1/2018 Integrated Tax (Rate) : IGST Rates on certain services amendmed

By | January 25, 2018

Notification No 1/2018 Integrated Tax (Rate) Seeks to amend notification No. 8/2017- Integrated Tax (Rate) so as to notify IGST rates of various services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018. vide Notification No 1/2018 Integrated Tax (Rate) Dated 25th January, 2018 [TO BE PUBLISHED IN THE GAZZETE… Read More »

Notification No 5/2018 Central Tax (Rate): exempt from GST : Central Government’s share of Profit Petroleum

By | January 25, 2018

Notification No 5/2018 Central Tax (Rate) Seeks to exempt Central Government’s share of Profit Petroleum from Central tax vide Notification No 5/2018 Central Tax (Rate) Dated 25thJanuary, 2018 [TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance (Department of Revenue) Notification No. 5/2018-Central Tax… Read More »

Notification No 4/2018 Central Tax (Rate) : GST on transfer of development right

By | January 25, 2018

Notification No 4/2018 Central Tax (Rate) Seeks to provide special procedure with respect to payment of tax by registered person supplying service by way of construction against transfer of development right and vice versa. vide Notification No 4/2018 Central Tax (Rate) Dated 25thJanuary, 2018 [TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II, SECTION 3,… Read More »

Notification No 3/2018 Central Tax (Rate) : Renting of Immovable property by Govt Taxable under Reverse Charge

By | January 25, 2018

Notification No 3/2018 Central Tax (Rate) Seeks to amend notification No. 13/2017- Central Tax (Rate) so as to specify services supplied by the Central Government, State Government, Union territory or local authority by way of renting of immovable property to a registered person under CGST Act, 2017 to be taxed under Reverse Charge Mechanism (RCM).… Read More »

Notification No 2/2018 Central Tax (Rate) : Exempt certain Services

By | January 25, 2018

Notification No 2/2018 Central Tax (Rate) Seeks to amend notification No. 12/2017- Central Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018. vide Notification No 2/2018 Central Tax (Rate) Dated 25th January, 2018 [TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART… Read More »

Notification No 1/2018 Central Tax (Rate) ; Rates on certain Services – amendment

By | January 25, 2018

Notification No 1/2018 Central Tax (Rate) Seeks to amend notification No. 11/2017- Central Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018. vide Notification No 1/2018 Central Tax (Rate) Dated 25thJanuary, 2018 [TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II,… Read More »

Section 30 of Nagaland GST Act 2017 : Revocation of cancellation of registration

By | January 25, 2018

Section 30 of Nagaland GST Act 2017 ( Section 30 of Nagaland GST Act 2017 explains Revocation of cancellation of registration and is covered in CHAPTER VI: REGISTRATION ) Revocation of cancellation of registration.  30. (1) Subject to such conditions as may be prescribed, any registered person, whose registration is cancelled by the proper officer on his own motion, may apply… Read More »

Section 29 of Nagaland GST Act 2017 : Cancellation of registration

By | January 25, 2018

Section 29 of Nagaland GST Act 2017 ( Section 29 of Nagaland GST Act 2017 explains Cancellation of registration and is covered in CHAPTER VI: REGISTRATION ) Cancellation of registration  29. (1) The proper officer may, either on his own motion or on an application filed by the registered person or by his legal heirs, in case of death of such… Read More »

Section 28 of Nagaland GST Act 2017 : Amendment of registration

By | January 25, 2018

Section 28 of Nagaland GST Act 2017 ( Section 28 of Nagaland GST Act 2017 explains Amendment of registration and is covered in CHAPTER VI: REGISTRATION ) Amendment of registration  28. (1) Every registered person and a person to whom a Unique Identity Number has been assigned shall inform the proper officer of any changes in the information furnished at the… Read More »

Section 27 of Nagaland GST Act 2017 : Special provisions relating to casual taxable person and non- resident taxable person.

By | January 25, 2018

Section 27 of Nagaland GST Act 2017 ( Section 27 of Nagaland GST Act 2017 explains Special provisions relating to casual taxable person and non- resident taxable person and is covered in CHAPTER VI: REGISTRATION ) Special provisions relating to casual taxable person and non- resident taxable person.  27. (1) The certificate of registration issued to a casual taxable person or… Read More »

Section 26 of Nagaland GST Act 2017 : Deemed registration

By | January 25, 2018

Section 26 of Nagaland GST Act 2017 ( Section 26 of Nagaland GST Act 2017 explains Deemed registration and is covered in CHAPTER VI: REGISTRATION ) Deemed registration  26. (1) The grant of registration or the Unique Identity Number under the Central Goods and Services Tax Act shall be deemed to be a grant of registration or the Unique Identity Number under this… Read More »

Section 25 of Nagaland GST Act 2017 : Procedure for registration

By | January 25, 2018

Section 25 of Nagaland GST Act 2017 ( Section 25 of Nagaland GST Act 2017 explains Procedure for registration and is covered in CHAPTER VI: REGISTRATION ) Procedure for registration  25. (1) Every person who is liable to be registered under section 22 or section 24 shall apply for registration within thirty days from the date on which he becomes liable… Read More »

Section 24 of Nagaland GST Act 2017 : Compulsory registration in certain cases.

By | January 25, 2018

Section 24 of Nagaland GST Act 2017 ( Section 24 of Nagaland GST Act 2017 explains Compulsory registration in certain cases and is covered in CHAPTER VI: REGISTRATION ) Compulsory registration in certain cases.  24. Notwithstanding anything contained in sub-section (1) of section 22, the following categories of persons shall be required to be registered under this Act,- (i) persons making… Read More »

Section 23 of Nagaland GST Act 2017 : Persons not liable for registration

By | January 25, 2018

Section 23 of Nagaland GST Act 2017 ( Section 23 of Nagaland GST Act 2017 explains Persons not liable for registration and is covered in CHAPTER VI: REGISTRATION ) Persons not liable for registration  23. (1) The following persons shall not be liable to registration, namely:–– (a) any person engaged exclusively in the business of supplying goods or services or both… Read More »

Section 22 of Nagaland GST Act 2017 : Persons liable for registration

By | January 25, 2018

Section 22 of Nagaland GST Act 2017 ( Section 22 of Nagaland GST Act 2017 explains Persons liable for registration and is covered in CHAPTER VI: REGISTRATION ) Persons liable for registration  22. (1) Every supplier making a taxable supply of goods or services orboth in the State, shall be liable to be registered under this Act ifhis aggregate turnover in a… Read More »

Section 21 of Nagaland GST Act 2017 : Manner of recovery of credit distributed in excess

By | January 25, 2018

Section 21 of Nagaland GST Act 2017 ( Section 21 of Nagaland GST Act 2017 explains Manner of recovery of credit distributed in excess and is covered in CHAPTER V: INPUT TAX CREDIT ) Manner of recovery of credit distributed in excess 21. Where the Input Service Distributor distributes the credit in contravention of the provisions contained in section 20 resulting… Read More »

 Section 20 of Nagaland GST Act 2017 : Manner of distribution of credit by Input Service Distributor

By | January 25, 2018

Section 20 of Nagaland GST Act 2017 ( Section 20 of Nagaland GST Act 2017 explains  Manner of distribution of credit by Input Service Distributor and is covered in CHAPTER V: INPUT TAX CREDIT )  Manner of distribution of credit by Input Service Distributor 20. (1) The Input Service Distributor shall distribute the credit of State tax as State tax or integrated tax and integrated… Read More »

Section 19 of Nagaland GST Act 2017 : Taking input tax credit in respect of inputs and capital goods sent for job work.

By | January 25, 2018

Section 19 of Nagaland GST Act 2017 ( Section 19 of Nagaland GST Act 2017 explains  Taking input tax credit in respect of inputs and capital goods sent for job work and is covered in CHAPTER V: INPUT TAX CREDIT )  Taking input tax credit in respect of inputs and capital goods sent for job work. 19. (1) The principal shall,… Read More »

Section 18 of Nagaland GST Act 2017 : Availability of credit in special circumstances.

By | January 25, 2018

Section 18 of Nagaland GST Act 2017 ( Section 18 of Nagaland GST Act 2017 explains Availability of credit in special circumstances and is covered in CHAPTER V: INPUT TAX CREDIT )  Availability of credit in special circumstances. 18. (1) Subject to such conditions and restrictions as may be prescribed– (a) a person who has applied for registration under this Act… Read More »

Section 17 of Nagaland GST Act 2017 : Apportionment of credit and blocked credits.

By | January 25, 2018

Section 17 of Nagaland GST Act 2017 ( Section 17 of Nagaland GST Act 2017 explains Apportionment of credit and blocked credits and is covered in CHAPTER V: INPUT TAX CREDIT ) Apportionment of credit and blocked credits. 17. (1) Where the goods or services or both are used by the registered person partly for the purpose of any business and… Read More »

Section 16 of Nagaland GST Act 2017 : Eligibility and conditions for taking input tax credit.

By | January 25, 2018

Section 16 of Nagaland GST Act 2017 ( Section 16 of Nagaland GST Act 2017 explains Eligibility and conditions for taking input tax credit and is covered in CHAPTER V: INPUT TAX CREDIT ) Eligibility and conditions for taking input tax credit. 16. (1) Every registered person shall, subject to such conditions and restrictions as may be prescribed and in the… Read More »

Section 15 of Nagaland GST Act 2017 : Value of taxable supply.

By | January 25, 2018

Section 15 of Nagaland GST Act 2017 ( Section 15 of Nagaland GST Act 2017 explains Value of taxable supply and is covered in CHAPTER IV: TIME AND VALUE OF SUPPLY ) Value of taxable supply. 15. (1) The value of a supply of goods or services or both shall be the transaction value, which is the price actually paid or… Read More »

Section 14 of Nagaland GST Act 2017 : Change in rate of tax in respect of supply of goods or services.

By | January 25, 2018

Section 14 of Nagaland GST Act 2017 ( Section 14 of Nagaland GST Act 2017 explains Change in rate of tax in respect of supply of goods or services and is covered in CHAPTER IV: TIME AND VALUE OF SUPPLY ) Change in rate of tax in respect of supply of goods or services. 14. Notwithstanding anything contained in section 12… Read More »

Section 13 of Nagaland GST Act 2017 : Time of supply of services

By | January 25, 2018

Section 13 of Nagaland GST Act 2017 ( Section 13 of Nagaland GST Act 2017 explains Time of supply of services and is covered in CHAPTER IV: TIME AND VALUE OF SUPPLY ) Time of supply of services 13. (1) The liability to pay tax on services shall arise at the time of supply, as determined in accordance with the provisions… Read More »

Section 12 of Nagaland GST Act 2017 : Time of supply of goods.

By | January 25, 2018

Section 12 of Nagaland GST Act 2017 ( Section 12 of Nagaland GST Act 2017 explains Time of supply of goods and is covered in CHAPTER IV: TIME AND VALUE OF SUPPLY ) Time of supply of goods. 12. (1) The liability to pay tax on goods shall arise at the time of supply, as determined in accordance with the provisions… Read More »

Section 11 of Nagaland GST Act 2017 : Power to grant exemption from tax

By | January 25, 2018

Section 11 of Nagaland GST Act 2017 ( Section 11 of Nagaland GST Act 2017 explains Power to grant exemption from tax and is covered in CHAPTER III: LEVY AND COLLECTION OF TAX ) Power to grant exemption from tax. 11. (1) Where the Government is satisfied that it is necessary in the public interest so to do, it may, on… Read More »

Section 10 of Nagaland GST Act 2017 : Composition Levy

By | January 25, 2018

Section 10 of Nagaland GST Act 2017 ( Section 10 of Nagaland GST Act 2017 explains Composition Levy and is covered in CHAPTER III: LEVY AND COLLECTION OF TAX ) Composition Levy  10. (1) Notwithstanding anything to the contrary contained in this Act but subject to the provisions of sub-sections (3) and (4) of section 9, a registered person, whose aggregate… Read More »

Section 9 of Nagaland GST Act 2017 : Levy and Collection

By | January 25, 2018

Section 9 of Nagaland GST Act 2017 ( Section 9 of Nagaland GST Act 2017 explains Levy and Collection and is covered in CHAPTER III: LEVY AND COLLECTION OF TAX ) Levy and Collection 9. (1) Subject to the provisions of sub-section (2), there shall be levied a tax called the Nagaland goods and services tax on all intra-State supplies of goods or… Read More »

Section 8 of Nagaland GST Act 2017 : Tax liability on composite and mixed supplies

By | January 25, 2018

Section 8 of Nagaland GST Act 2017 ( Section 8 of Nagaland GST Act 2017 explains Tax liability on composite and mixed supplies and is covered in CHAPTER III: LEVY AND COLLECTION OF TAX ) Tax liability on composite and mixed supplies. 8. The tax liability on a composite or a mixed supply shall be determined in the following manner, namely:… Read More »

Section 7 of Nagaland GST Act 2017 : Scope of Supply.

By | January 25, 2018

Section 7 of Nagaland GST Act 2017 ( Section 7 of Nagaland GST Act 2017 explains Scope of Supply and is covered in CHAPTER III: LEVY AND COLLECTION OF TAX ) Scope of Supply. 7. (1) For the purposes of this Act, the expression “supply” includes–– (a) all forms of supply of goods or services or both such as sale, transfer,… Read More »

Section 6 of Nagaland GST Act 2017 : Authorisation of officers of central tax as proper officer in certain circumstance

By | January 25, 2018

Section 6 of Nagaland GST Act 2017 ( Section 6 of Nagaland GST Act 2017 explains Authorisation of officers of central tax as proper officer in certain circumstance and is covered in CHAPTER II: ADMINISTRATION ) Authorisation of officers of central tax as proper officer in certain circumstance. 6. (1) Without prejudice to the provisions of this Act, the officers appointed… Read More »

Section 5 of Nagaland GST Act 2017 : Powers of Officers

By | January 25, 2018

Section 5 of Nagaland GST Act 2017 ( Section 5 of Nagaland GST Act 2017 explains Powers of Officers and is covered in CHAPTER II: ADMINISTRATION ) Powers of Officers  5. (1) Subject to such conditions and limitations as the Commissioner may impose, an officer of State tax may exercise the powers and discharge the duties conferred or imposed on him under this Act. (2)… Read More »

Section 4 of Nagaland GST Act 2017 : Appointment of Officers

By | January 25, 2018

Section 4 of Nagaland GST Act 2017 ( Section 4 of Nagaland GST Act 2017 explains Appointment of Officers and is covered in CHAPTER II: ADMINISTRATION ) Appointment of Officers 4. (1) The Government may, in addition to the officers as may be notified under section 3, appoint such persons as it may think fit to be the officers under this… Read More »

Section 3 of Nagaland GST Act 2017 : Officers under this Act.

By | January 25, 2018

Section 3 of Nagaland GST Act 2017 ( Section 3 of Nagaland GST Act 2017 explains Officers under this Act and is covered in CHAPTER II: ADMINISTRATION ) Officers under this Act.  3. The Government shall, by notification, appoint the following classes of officers for the purposes of this Act, namely:–– (a) Principal Commissioner or Chief Commissioner of State tax, (b) Special… Read More »

Section 2 of Nagaland GST Act 2017 : Definitions

By | January 25, 2018

Section 2 of Nagaland GST Act 2017 ( Section 2 of Nagaland GST Act 2017 explains Definitions and is covered in CHAPTER I: PRELIMINARY ) Definitions  2. In this Act, unless the context otherwise requires,–– (1) “actionable claim” shall have the same meaning as assigned to it in section 3 of the Transfer of Property Act, 1882 (4 of 1882);… Read More »

Section 1 of Nagaland GST Act 2017 : Short title, extent and commencement.

By | January 25, 2018

Section 1 of Nagaland GST Act 2017 ( Section 1 of Nagaland GST Act 2017 explains Short title, extent and commencement and is covered in CHAPTER I: PRELIMINARY ) Short title, extent and commencement.  1. (1) This Act may be called the Nagaland Goods and Services Tax Act, 2017. (2) It extends to the whole of the Nagaland (3) It… Read More »