Daily Archives: June 22, 2017

GST Refunds – Analysis

By | June 22, 2017

GST Refunds Introduction Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds for working capital, expansion and modernisation of existing business. The provisions pertaining to refund contained in the GST law aim to streamline and standardise the refund procedures under GST regime. Thus, under the GST… Read More »

Service Tax Return Date April to June 2017 – Notification No 18 / 2017 Service Tax Dtd 22nd june 2017

By | June 22, 2017

Service Tax Return Date from 1st April 2017 to 30th  June 2017  can be filed upto 15th August 2017 in Form ST 3 or ST 3C as the case may be  as per  Notification No 18 / 2017 Service Tax Dtd 22nd june 2017 Download Notification No 18 / 2017 Service Tax Dtd 22nd june… Read More »

GST Recovery of Tax – Analysis

By | June 22, 2017

GST Recovery of Tax Introduction 1. Tax administration occasionally comes across situations where the tax dues are not paid correctly by the tax payers, most of the times inadvertently and sometimes deliberately. To minimise the inadvertent short payment of taxes, the concept of ‘Matching’ details of ‘Outward supplies’ of supplier with the details of ‘Inward… Read More »

New Housing Scheme of EPF & MP Act 1952

By | June 22, 2017

EPFO signs MoU with HUDCO under new Housing Scheme of EPF & MP Act-1952 Dr. V.P. Joy, Central Provident Fund Commissioner and Dr. M. Ravi Kanth, CMD HUDCO signed a Memorandum of Understanding (MoU) in the august presence of Union Minister of Urban Development, Housing & Urban Poverty Alleviation, Shri M. Venkaiah Naidu and the… Read More »

Notification G.O.MS.NO. 226, DATED 22-6-2017 : Andhra Pradesh GST

By | June 22, 2017

SECTION 23, READ WITH SECTION 9, OF THE ANDHRA PRADESH GOODS AND SERVICES TAX ACT, 2017 – REGISTRATION – PERSONS NOT LIABLE FOR – NOTIFIED PERSONS NOTIFICATION G.O.MS.NO. 226, DATED 22-6-2017 In exercise of the powers conferred by sub-section (2) of section 23 of the Andhra Pradesh Goods and Services Tax Act, 2017 (Act No.16 of… Read More »

Notification G.O.MS.No. 225, DATED 22-6-2017 : Andhra Pradesh GST

By | June 22, 2017

SECTION 146 OF THE ANDHRA PRADESH GOODS AND SERVICES TAX ACT, 2017, READ WITH SECTION 20 OF THE ANDHRA PRADESH GOODS AND SERVICES TAX ACT, 2017 – COMMON PORTAL – NOTIFIED PORTAL NOTIFICATION G.O.MS.No. 225, DATED 22-6-2017 SUPERSEDED BY NOTIFICATION G.O.Ms.NO.87, DATED 16-2-2018 In exercise of the powers conferred by section 146 of the Andhra Pradesh Goods… Read More »

GST Practitioner FAQ’s

By | June 22, 2017

GST Practitioner Who is a GST Practitioner? GST Practitioner is a tax professional who can prepare returns and perform other activities on the basis of the information furnished to him by a taxable person. However, the legal responsibility of such filings remains with the Taxpayer. For this purpose, GST Practitioners (GSTP) are required to be… Read More »

NOTIFICATION NO.FTX.90/2016/65, DATED 22-6-2017 : Assam GST

By | June 22, 2017

SECTION 146 OF THE ASSAM GOODS AND SERVICES TAX ACT, 2017 –   NOTIFIED COMMON PORTAL NOTIFICATION NO.FTX.90/2016/65, DATED 22-6-2017 In exercise of the powers conferred by section 146 of the Assam Goods and Services Tax Act, 2017 (Assam Act No. XXVIII of 2017), the Governor of Assam is hereby pleased to notify www.gst.gov.in as the Common… Read More »

Section 10 of Sikkim GST Act 2017 : Composition levy

By | June 22, 2017

Section 10 of Sikkim GST Act 2017 [ Section 10 of Sikkim GST Act 2017 explains Composition levy and is covered in  CHAPTER III  LEVY AND COLLECTION OF TAX  ] [ Enforced with effect from 22-6-2017. ] 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… Read More »

Section 5 of Sikkim GST Act 2017 : Powers of officers

By | June 22, 2017

Section 5 of Sikkim GST Act 2017 [ Section 5 of Sikkim GST Act 2017 explains Powers of officers and is covered in  CHAPTER II  ADMINISTRATION  ] [ Enforced with effect from 22-6-2017. ] 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… Read More »

Section 4 of Sikkim GST Act 2017 : Appointment of officers

By | June 22, 2017

Section 4 of Sikkim GST Act 2017 [ Section 4 of Sikkim GST Act 2017 explains Appointment of officers and is covered in  CHAPTER II  ADMINISTRATION  ] [ Enforced with effect from 22-6-2017. ] 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… Read More »

Section 3 of Sikkim GST Act 2017 : Officers under this Act

By | June 22, 2017

Section 3 of Sikkim GST Act 2017 [ Section 3 of Sikkim GST Act 2017 explains Officers under this Act and is covered in  CHAPTER II  ADMINISTRATION  ] [ Enforced with effect from 22-6-2017. ] Officers under this Act 3. The Government shall, by notification, appoint the following classes of officers for the purposes of this Act, namely:–– List is indicative (a) [Principal/Chief]… Read More »

NOTIFICATION NO.FTX.90/2016/66, DATED 22-6-2017 : Assam GST

By | June 22, 2017

SECTION 23 OF THE ASSAM GOODS AND SERVICES TAX ACT, 2017 –  NOTIFIED PERSONS  NOT LIABLE FOR REGISTRATION  NOTIFICATION NO.FTX.90/2016/66, DATED 22-6-2017 In exercise of the powers conferred by sub-section (2) of section 23 of the Assam Goods and Services Tax Act, 2017 (Assam Act No. XXVIII of 2017), the Governor of Assam is hereby pleased to… Read More »

NOTIFICATION NO.FTX.90/2016/64, DATED 22-6-2017 : Assam GST

By | June 22, 2017

SECTION 1 OF THE ASSAM GOODS AND SERVICES TAX ACT, 2017 – DATE OF ENFORCEMENT OF CERTAIN PROVISIONS OF ACT NOTIFICATION NO.FTX.90/2016/64, DATED 22-6-2017 In exercise of the powers conferred by sub-section (3) of section 1 of the Assam Goods and Services Tax Act, 2017 (Assam Act No. XXVIII of 2017), the Governor of Assam is… Read More »

GST Application submission through DSC , EVC and E Sign – Process

By | June 22, 2017

GST Application submission through EVC Verification & Submission of Application Access GST Portal through www.gst.gov.in. GST Application Submission with DSC Do GST Registration and fill all relevant details  . Read How to Apply for GST New Registration – Explained with Screenshots & Examples After completion of all the details, applicant has to verify application based on: DSC… Read More »

GST Rates

By | June 22, 2017

GST Rates GST Rates Schedule – Notifications GST Rates for Goods ( India ) Chapter Wise GST Rates Services ( With Exemption List ) GST Compensation Cess Rates Services Under Reverse Charge as Approved By GST Council Service Accounting Code with Services Classification under GST IGST Exemptions/Concessions under GST Related Topic on GST Topic Click… Read More »

GST Notifications

By | June 22, 2017

GST Act Notifications Central Tax (CGST Act 2017 ) Notifications  Central Tax (Rate) Notifications Integrated Tax (IGST Act 2017 ) Notifications Integrated Tax (Rate) Notifications Union Territory Tax ( UTGST Act 2017) Notifications Union Territory Tax (Rate) Notifications Compensation Cess Act Notifications Compensation Cess (Rate) Notifications States GST Acts Notifications   Related Topic on GST  … Read More »

Job Work under GST – Analysis

By | June 22, 2017

Job Work under GST Introduction Job-work sector constitutes a significant industry in Indian economy. It includes outsourced activities that may or may not culminate into manufacture. The term Job-work itself explains the meaning. It is processing of goods supplied by the principal. The concept of job-work already exists in Central Excise, wherein a principal manufacturer… Read More »

Certain Sections of UTGST Act 2017 comes into force w.e.f 22.06.2017 – Notification No. 1/2017–UNION TERRITORY TAX , Dtd 21st June, 2017

By | June 22, 2017

NOTIFICATION No. 1/2017–UNION TERRITORY TAX Summary -By Notification No. 1/2017–UNION TERRITORY TAX Dated 21.06.2017 given below , ministry of finance has notified the following Sections of UTGST Act 2017 w.e.f  22nd day of June, 2017 Section 1. Short title, extent and commencement. Section 2. Definitions. Section 3. Officers under this Act. Section 4. Authorisation of officers.… Read More »