Daily Archives: January 26, 2018

Notification No 9/2018-Central Tax (Rate) : Public funded research institution

By | January 26, 2018

Notification No 9/2018-Central Tax (Rate) Seeks to amend Notification No.45/2017-Central (Rate) vide Notification No 9/2018-Central Tax (Rate) dated 25th January, 2018 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No 9/2018-Central Tax (Rate) New Delhi, the 25th January, 2018 G.S.R….(E).-… Read More »

Changes in the Drawback Rates of Certain Export Goods. 

By | January 26, 2018

Press Information Bureau Government of India Ministry of Finance 25-January-2018 15:38 IST Changes in the Drawback Rates of Certain Export Goods.  The Government of India vide its Notification no. 89/2017-Customs dated 21.9.2017 had notified the All Industry Rates (AIRs) of Duty Drawback effective from 1.10.2017. As a step towards more efficient Input Tax Neutralization on… Read More »

Category: GST

GST collection for December 2017 Rs. 86,703 crore

By | January 26, 2018

  Press Information Bureau Government of India Ministry of Finance 25-January-2018 17:16 IST Total Revenue Collections under GST for the month of December 2017 stand at Rs. 86,703 crore till 24th January 2018; One crore taxpayers have been registered under GST so far till 24th January, 2018 of which 17.11 lakh  are Composition Dealers            The total revenue received… Read More »

Section 100 of Nagaland GST Act 2017 : Appeal to the Appellate Authority.

By | January 26, 2018

Section 100 of Nagaland GST Act 2017 ( Section 100 of Nagaland GST Act 2017 explains  Appeal to the Appellate Authority and is covered in CHAPTER XVII: ADVANCE RULING )  Appeal to the Appellate Authority. 100. (1) The concerned officer, the jurisdictional officer or an applicant aggrieved by any advance ruling pronounced under sub-section (4) of section 98, may appeal to… Read More »

Section 99 of Nagaland GST Act 2017 : Constitution of Appellate Authority for Advance Ruling.

By | January 26, 2018

Section 99 of Nagaland GST Act 2017 ( Section 99 of Nagaland GST Act 2017 explains Constitution of Appellate Authority for Advance Ruling and is covered in CHAPTER XVII: ADVANCE RULING ) Constitution of Appellate Authority for Advance Ruling. 99. The Government shall, by notification, constitute an Authority to be known as Nagaland Appellate Authority for Advance Ruling for Goods and… Read More »

 Section 98 of Nagaland GST Act 2017 : Procedure on receipt of application.

By | January 26, 2018

Section 98 of Nagaland GST Act 2017 ( Section 98 of Nagaland GST Act 2017 explains  Procedure on receipt of application and is covered in CHAPTER XVII: ADVANCE RULING )  Procedure on receipt of application. 98. (1) On receipt of an application, the Authority shall cause a copy thereof to be forwarded to the concerned officer and, if necessary, call upon… Read More »

Section 97 of Nagaland GST Act 2017 : Application for advance ruling.

By | January 26, 2018

Section 97 of Nagaland GST Act 2017 ( Section 97 of Nagaland GST Act 2017 explains Application for advance ruling and is covered in CHAPTER XVII: ADVANCE RULING )  Application for advance ruling. 97. (1) An applicant desirous of obtaining an advance ruling under this Chapter may make an application in such form and manner and accompanied by such fee as… Read More »

Section 96 of Nagaland GST Act 2017 : Constitution of Authority for Advance Ruling.

By | January 26, 2018

Section 96 of Nagaland GST Act 2017 ( Section 96 of Nagaland GST Act 2017 explains Constitution of Authority for Advance Ruling and is covered in CHAPTER XVII: ADVANCE RULING ) Constitution of Authority for Advance Ruling. 96. (1) The Government shall, by notification, constitute an Authority to be known as the Nagaland Authority for Advance Ruling: Provided that the Government… Read More »

Section 95 of Nagaland GST Act 2017 : Definitions : ADVANCE RULING

By | January 26, 2018

Section 95 of Nagaland GST Act 2017 ( Section 95 of Nagaland GST Act 2017 explains Definitions and is covered in CHAPTER XVII: ADVANCE RULING ) Definitions. 95. In this Chapter, unless the context otherwise requires,–– (a) “advance ruling” means a decision provided by the Authority or the Appellate Authority to an applicant on matters or on questions specified in sub-section… Read More »

Section 94 of Nagaland GST Act 2017 : Liability in other cases.

By | January 26, 2018

Section 94 of Nagaland GST Act 2017 ( Section 94 of Nagaland GST Act 2017 explains Liability in other cases and is covered in CHAPTER XVI: LIABILITY TO PAY IN CERTAIN CASES ) Liability in other cases. 94. (1) Where a taxable person is a firm or an association of persons or a Hindu Undivided Family and such firm, association or… Read More »

Section 93 of Nagaland GST Act 2017 : Special provisions regarding liability to pay tax, interest or penalty in certain cases.

By | January 26, 2018

Section 93 of Nagaland GST Act 2017 ( Section 93 of Nagaland GST Act 2017 explains Special provisions regarding liability to pay tax, interest or penalty in certain cases and is covered in CHAPTER XVI: LIABILITY TO PAY IN CERTAIN CASES ) Special provisions regarding liability to pay tax, interest or penalty in certain cases. 93. (1) Save as otherwise provided… Read More »

Section 92 of Nagaland GST Act 2017 : Liability of Court of Wards, etc.

By | January 26, 2018

Section 92 of Nagaland GST Act 2017 ( Section 92 of Nagaland GST Act 2017 explains Liability of Court of Wards, etc and is covered in CHAPTER XVI: LIABILITY TO PAY IN CERTAIN CASES ) Liability of Court of Wards, etc. 92. Where the estate or any portion of the estate of a taxable person owning a business in respect of… Read More »

Section 91 of Nagaland GST Act 2017 : Liability of guardians, trustees etc.

By | January 26, 2018

Section 91 of Nagaland GST Act 2017 ( Section 91 of Nagaland GST Act 2017 explains Liability of guardians, trustees etc and is covered in CHAPTER XVI: LIABILITY TO PAY IN CERTAIN CASES ) Liability of guardians, trustees etc. 91. Where the business in respect of which any tax, interest or penalty is payable under this Act is carried on by… Read More »

Section 90 of Nagaland GST Act 2017 : Liability of partners of firm to pay tax.

By | January 26, 2018

Section 90 of Nagaland GST Act 2017 ( Section 90 of Nagaland GST Act 2017 explains Liability of partners of firm to pay tax and is covered in CHAPTER XVI: LIABILITY TO PAY IN CERTAIN CASES )  Liability of partners of firm to pay tax. 90. Notwithstanding any contract to the contrary and any other law for the time being in… Read More »

Section 89 of Nagaland GST Act 2017 : Liability of directors of private company.

By | January 26, 2018

Section 89 of Nagaland GST Act 2017 ( Section 89 of Nagaland GST Act 2017 explains Liability of directors of private company and is covered in CHAPTER XVI: LIABILITY TO PAY IN CERTAIN CASES )  Liability of directors of private company. 89. (1) Notwithstanding anything contained in the Companies Act, 2013, (18 0f 2013) where any tax, interest or penalty due… Read More »

Section 88 of Nagaland GST Act 2017 : Liability in case of company in liquidation.

By | January 26, 2018

Section 88 of Nagaland GST Act 2017 ( Section 88 of Nagaland GST Act 2017 explains Liability in case of company in liquidation and is covered in CHAPTER XVI: LIABILITY TO PAY IN CERTAIN CASES ) Liability in case of company in liquidation. 88. (1) When any company is being wound up whether under the orders (31 of 2016) of a… Read More »

Section 87 of Nagaland GST Act 2017 : Liability in case of amalgamation or merger of companies.

By | January 26, 2018

Section 87 of Nagaland GST Act 2017 ( Section 87 of Nagaland GST Act 2017 explains Liability in case of amalgamation or merger of companies and is covered in CHAPTER XVI: LIABILITY TO PAY IN CERTAIN CASES ) Liability in case of amalgamation or merger of companies. 87. (1) When two or more companies are amalgamated or merged in pursuance of… Read More »

Section 86 of Nagaland GST Act 2017 : Liability of agent and principal.

By | January 26, 2018

Section 86 of Nagaland GST Act 2017 ( Section 86 of Nagaland GST Act 2017 explains Liability of agent and principal and is covered in CHAPTER XVI: LIABILITY TO PAY IN CERTAIN CASES ) Liability of agent and principal. 86. Where an agent supplies or receives any taxable goods on behalf of his principal, such his principal shall, jointly and agent… Read More »

Section 85 of Nagaland GST Act 2017 : Liability in case of transfer of business.

By | January 26, 2018

Section 85 of Nagaland GST Act 2017 ( Section 85 of Nagaland GST Act 2017 explains Liability in case of transfer of business and is covered in CHAPTER XVI: LIABILITY TO PAY IN CERTAIN CASES ) Liability in case of transfer of business. 85. (1) Where a taxable person, liable to pay tax under this Act, transfers his business in whole… Read More »

Section 84 of Nagaland GST Act 2017 : Continuation and validation of certain recovery proceedings.

By | January 26, 2018

Section 84 of Nagaland GST Act 2017 ( Section 84 of Nagaland GST Act 2017 explains Continuation and validation of certain recovery proceedings and is covered in CHAPTER XV: DEMANDS AND RECOVERY ) Continuation and validation of certain recovery proceedings. 84. Where any notice of demand in respect of any tax, penalty, interest or any other amount payable under this Act,… Read More »

Section 83 of Nagaland GST Act 2017 : Provisional attachment to protect revenue in certain cases.

By | January 26, 2018

Section 83 of Nagaland GST Act 2017 ( Section 83 of Nagaland GST Act 2017 explains Provisional attachment to protect revenue in certain cases and is covered in CHAPTER XV: DEMANDS AND RECOVERY ) Provisional attachment to protect revenue in certain cases. 83. (1) Where during the pendency of any proceedings under section 62 or section 63 or section 64 or… Read More »

Section 82 of Nagaland GST Act 2017 : Tax to be first charge on property.

By | January 26, 2018

Section 82 of Nagaland GST Act 2017 ( Section 82 of Nagaland GST Act 2017 explains  Tax to be first charge on property and is covered in CHAPTER XV: DEMANDS AND RECOVERY )  Tax to be first charge on property. 82. Notwithstanding anything to the contrary contained in any law for the time being in force, save as otherwise provided in… Read More »

Section 81 of Nagaland GST Act 2017 : Transfer of property to be void in certain cases.

By | January 26, 2018

Section 81 of Nagaland GST Act 2017 ( Section 81 of Nagaland GST Act 2017 explains Transfer of property to be void in certain cases and is covered in CHAPTER XV: DEMANDS AND RECOVERY )  Transfer of property to be void in certain cases. 81. Where a person, after any amount has become due from him, creates a charge on or… Read More »

Section 80 of Nagaland GST Act 2017 : Payment of tax and other amount in instalments.

By | January 26, 2018

Section 80 of Nagaland GST Act 2017 ( Section 80 of Nagaland GST Act 2017 explains Payment of tax and other amount in instalments and is covered in CHAPTER XV: DEMANDS AND RECOVERY )  Payment of tax and other amount in instalments. 80. On an application filed by a taxable person, the Commissioner may, for reasons to be recorded in writing,… Read More »

 Section 79 of Nagaland GST Act 2017 : Recovery of Tax

By | January 26, 2018

Section 79 of Nagaland GST Act 2017 ( Section 79 of Nagaland GST Act 2017 explains  Recovery of Tax and is covered in CHAPTER XV: DEMANDS AND RECOVERY )  Recovery of Tax 79. (1) Where any amount payable by a person to the Government under any of the provisions of this Act or the rules made thereunder is not paid, the… Read More »

Section 78 of Nagaland GST Act 2017 : Initiation of recovery proceedings.

By | January 26, 2018

Section 78 of Nagaland GST Act 2017 ( Section 78 of Nagaland GST Act 2017 explains Initiation of recovery proceedings and is covered in CHAPTER XV: DEMANDS AND RECOVERY )  Initiation of recovery proceedings. 78. Any amount payable by a taxable person in pursuance of an order passed under this Act shall be paid by such person within a period of… Read More »

Section 77 of Nagaland GST Act 2017 : Tax wrongfully collected and paid to Central Government or State Government.

By | January 26, 2018

Section 77 of Nagaland GST Act 2017 ( Section 77 of Nagaland GST Act 2017 explains Tax wrongfully collected and paid to Central Government or State Government and is covered in CHAPTER XV: DEMANDS AND RECOVERY )  Tax wrongfully collected and paid to Central Government or State Government. 77. (1) A registered person who has paid the central tax and State… Read More »

Section 76 of Nagaland GST Act 2017 : Tax collected but not paid to Government.

By | January 26, 2018

Section 76 of Nagaland GST Act 2017 ( Section 76 of Nagaland GST Act 2017 explains Tax collected but not paid to Government and is covered in CHAPTER XV: DEMANDS AND RECOVERY )  Tax collected but not paid to Government. 76. (1) Notwithstanding anything to the contrary contained in any order or direction of any Appellate Authority or Appellate Tribunal or… Read More »

Section 75 of Nagaland GST Act 2017 : General provisions relating to determination of tax.

By | January 26, 2018

Section 75 of Nagaland GST Act 2017 ( Section 75 of Nagaland GST Act 2017 explains General provisions relating to determination of tax and is covered in CHAPTER XV: DEMANDS AND RECOVERY )  General provisions relating to determination of tax. 75. (1) Where the service of notice or issuance of order is stayed by an order of a court or Appellate… Read More »

Section 74 of Nagaland GST Act 2017 : Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised by reason of fraud or any wilful misstatement or suppression of facts.

By | January 26, 2018

Section 74 of Nagaland GST Act 2017 ( Section 74 of Nagaland GST Act 2017 explains Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised by reason of fraud or any wilful misstatement or suppression of facts and is covered in CHAPTER XV: DEMANDS AND RECOVERY ) Determination of tax… Read More »

Section 73 of Nagaland GST Act 2017 : Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised for any reason other than fraud or any wilful misstatement or suppression of facts.

By | January 26, 2018

Section 73 of Nagaland GST Act 2017 ( Section 73 of Nagaland GST Act 2017 explains Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised for any reason other than fraud or any wilful misstatement or suppression of facts and is covered in CHAPTER XV: DEMANDS AND RECOVERY ) Determination… Read More »

Section 72 of Nagaland GST Act 2017 : Officers to assist proper officers.

By | January 26, 2018

Section 72 of Nagaland GST Act 2017 ( Section 72 of Nagaland GST Act 2017 explains Officers to assist proper officers and is covered in CHAPTER XIV: INSPECTION, SEARCH, SEIZURE AND ARREST ) Officers to assist proper officers. 72. (1) All officers of Police, Railways, Customs, and those officers engaged in the collection of land revenue, including village officers, officers of central tax… Read More »

Section 71 of Nagaland GST Act 2017 : Access to business premises.

By | January 26, 2018

Section 71 of Nagaland GST Act 2017 ( Section 71 of Nagaland GST Act 2017 explains Access to business premises and is covered in CHAPTER XIV: INSPECTION, SEARCH, SEIZURE AND ARREST ) Access to business premises. 71. (1) Any officer under this Act, authorised by the proper officer not below the rank of Joint Commissioner, shall have access to any place… Read More »

Section 70 of Nagaland GST Act 2017 : Power to summon persons to give evidence and produce documents.

By | January 26, 2018

Section 70 of Nagaland GST Act 2017 ( Section 70 of Nagaland GST Act 2017 explains Power to summon persons to give evidence and produce documents and is covered in CHAPTER XIV: INSPECTION, SEARCH, SEIZURE AND ARREST ) Power to summon persons to give evidence and produce documents. 70. (1) The proper officer under this Act shall have power to summon… Read More »

Section 69 of Nagaland GST Act 2017 : Power to Arrest

By | January 26, 2018

Section 69 of Nagaland GST Act 2017 ( Section 69 of Nagaland GST Act 2017 explains Power to Arrest and is covered in CHAPTER XIV: INSPECTION, SEARCH, SEIZURE AND ARREST ) Power to Arrest 69. (1) Where the Commissioner has reasons to believe that a person has committed any offence specified in clause (a) or clause (b) or clause (c) or… Read More »

Section 68 of Nagaland GST Act 2017 : Inspection of goods in movement.

By | January 26, 2018

Section 68 of Nagaland GST Act 2017 ( Section 68 of Nagaland GST Act 2017 explains Inspection of goods in movement and is covered in CHAPTER XIV: INSPECTION, SEARCH, SEIZURE AND ARREST )  Inspection of goods in movement. 68. (1) The Government may require the person in charge of a conveyance carrying any consignment of goods of value exceeding such amount… Read More »

Section 67 of Nagaland GST Act 2017 : Power of inspection, search and seizure.

By | January 26, 2018

Section 67 of Nagaland GST Act 2017 ( Section 67 of Nagaland GST Act 2017 explains Power of inspection, search and seizure and is covered in CHAPTER XIV: INSPECTION, SEARCH, SEIZURE AND ARREST ) Power of inspection, search and seizure. 67. (1) Where the proper officer, not below the rank of Joint Commissioner, has reasons to believe that–– (a) a taxable… Read More »

Section 66 of Nagaland GST Act 2017 : Special Audit

By | January 26, 2018

Section 66 of Nagaland GST Act 2017 ( Section 66 of Nagaland GST Act 2017 explains Special Audit and is covered in CHAPTER XIII: AUDIT ) Special Audit 66. (1) If at any stage of scrutiny, inquiry, investigation or any other proceedings before him, any officer not below the rank of Assistant Commissioner, having regard to the nature and complexity of… Read More »

Section 65 of Nagaland GST Act 2017 : Audit by tax authorities.

By | January 26, 2018

Section 65 of Nagaland GST Act 2017 ( Section 65 of Nagaland GST Act 2017 explains Audit by tax authorities and is covered in CHAPTER XIII: AUDIT ) Audit by tax authorities. 65. (1) The Commissioner or any officer authorised by him, by way of a general or a specific order, may undertake audit of any registered person for such period,… Read More »

Section 64 of Nagaland GST Act 2017 : Summary assessment in certain special cases.

By | January 26, 2018

Section 64 of Nagaland GST Act 2017 ( Section 64 of Nagaland GST Act 2017 explains Summary assessment in certain special cases and is covered in CHAPTER XII: ASSESSMENT ) Summary assessment in certain special cases. 64. (1) The proper officer may, on any evidence showing a tax liability of a person coming to his notice, with the previous permission of… Read More »

Section 63 of Nagaland GST Act 2017 : Assessment of unregistered persons.

By | January 26, 2018

Section 63 of Nagaland GST Act 2017 ( Section 63 of Nagaland GST Act 2017 explains Assessment of unregistered persons and is covered in CHAPTER XII: ASSESSMENT )  Assessment of unregistered persons. 63. Notwithstanding anything to the contrary contained in section 73 or section 74, where a taxable person fails to obtain registration even though liable to do so or whose… Read More »

Section 62 of Nagaland GST Act 2017 : Assessment of non-filers of returns.

By | January 26, 2018

Section 62 of Nagaland GST Act 2017 ( Section 62 of Nagaland GST Act 2017 explains Assessment of non-filers of returns and is covered in CHAPTER XII: ASSESSMENT )  Assessment of non-filers of returns. 62. (1) Notwithstanding anything to the contrary contained in section 73 or section 74, where a registered person fails to furnish the return of under section 39… Read More »

Section 61 of Nagaland GST Act 2017 : Scrutiny of Returns

By | January 26, 2018

Section 61 of Nagaland GST Act 2017 ( Section 61 of Nagaland GST Act 2017 explains Scrutiny of Returns and is covered in CHAPTER XII: ASSESSMENT )  Scrutiny of Returns 61. (1) The proper officer may scrutinize the return and related particulars furnished by the registered person to verify the correctness of the return and inform him of the discrepancies noticed,… Read More »

Section 60 of Nagaland GST Act 2017 : Provisional Assessment

By | January 26, 2018

Section 60 of Nagaland GST Act 2017 ( Section 60 of Nagaland GST Act 2017 explains Provisional Assessment and is covered in CHAPTER XII: ASSESSMENT ) Provisional Assessment 60. (1) Subject to the provisions of sub-section (2), where the taxable person is unable to determine the value of goods or services or both or determine the rate of tax applicable thereto,… Read More »

Section 59 of Nagaland GST Act 2017 : Self- assessment.

By | January 26, 2018

Section 59 of Nagaland GST Act 2017 ( Section 59 of Nagaland GST Act 2017 explains Self- assessment and is covered in CHAPTER XII: ASSESSMENT ) Self- assessment. 59. Every registered person shall self-assess the taxes payable under this Act and furnish a return for each tax period as specified under section 39. Nagaland GST Act 2017 Nagaland GST Rules 2017… Read More »

Section 58 of Nagaland GST Act 2017 : Utilization of Fund

By | January 26, 2018

Section 58 of Nagaland GST Act 2017 ( Section 58 of Nagaland GST Act 2017 explains Utilization of Fund and is covered in CHAPTER XI: REFUNDS ) Utilization of Fund 58. (1) All sums credited to the Fund shall be utilised by the Government for the welfare of the consumers in such manner as may be prescribed. (2) The Government or… Read More »

Section 57 of Nagaland GST Act 2017 : Consumer Welfare Fund

By | January 26, 2018

Section 57 of Nagaland GST Act 2017 ( Section 57 of Nagaland GST Act 2017 explains Consumer Welfare Fund and is covered in CHAPTER XI: REFUNDS ) Consumer Welfare Fund 57. The Government shall constitute a Fund, to be called the Consumer Welfare Fund and there shall be credited to the Fund,–– (a) the amount referred to in sub-section (5) of… Read More »

Section 56 of Nagaland GST Act 2017 : Interest on delayed refunds.

By | January 26, 2018

Section 56 of Nagaland GST Act 2017 ( Section 56 of Nagaland GST Act 2017 explains Interest on delayed refunds and is covered in CHAPTER XI: REFUNDS ) Interest on delayed refunds. 56. If any tax ordered to be refunded under sub-section (5) of section 54 to any applicant is not refunded within sixty days from the date of receipt of… Read More »

Section 55 of Nagaland GST Act 2017 : Refund in certain cases.

By | January 26, 2018

Section 55 of Nagaland GST Act 2017 ( Section 55 of Nagaland GST Act 2017 explains Refund in certain cases and is covered in CHAPTER XI: REFUNDS ) Refund in certain cases. 55. The Government may, on the recommendations of the Council, by notification, specify any specialized agency of the United Nations Organization or any Multilateral Financial Institution and Organization notified… Read More »