Daily Archives: March 7, 2018

Notification No 13/2018 Central Tax : Late Fees GSTR 5A : Rescinding notification No. 06/2018

By | March 7, 2018

Notification No 13/2018 Central Tax Rescinding notification No. 06/2018 – CT dated 23.01.2018 vide Notification No 13/2018 Central Tax Dated  7th March, 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) Central Board of Excise and Customs Notification No. 13/2018… Read More »

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

By | March 7, 2018

Schedule III of Tamil Nadu GST Act 2017 ( Schedule III of Tamil Nadu GST Act 2017 explains Activities or transactions which shall be treated neither as a supply of goods nor a supply of services )  SCHEDULE III [See Section 7] ACTIVITIES OR TRANSACTIONS WHICH SHALL BE TREATED NEITHER AS A SUPPLY OF GOODS NOR A SUPPLY… Read More »

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

By | March 7, 2018

Schedule II of Tamil Nadu GST Act 2017 ( Schedule II of Tamil Nadu GST Act 2017 explains Activities to be treated as supply of goods or supply of services )  SCHEDULE II [See 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… Read More »

Schedule I of Tamil Nadu GST Act 2017 : Activities to be treated as supply even if made without consideration

By | March 7, 2018

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

Section 173 of Tamil Nadu GST Act 2017 : Amendment of certain Acts

By | March 7, 2018

Section 173 of Tamil Nadu GST Act 2017 ( Section 173 of Tamil Nadu GST Act 2017 explains Amendment of certain Acts and is covered in  CHAPTER XXI  MISCELLANEOUS )  [Enforced with effect from 1-7-2017] 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 Chennai… Read More »

Section 174 of Tamil Nadu GST Act 2017 : Repeal and saving

By | March 7, 2018

Section 174 of Tamil Nadu GST Act 2017 ( Section 174 of Tamil Nadu GST Act 2017 explains Repeal and saving and is covered in  CHAPTER XXI  MISCELLANEOUS )  [Enforced with effect from 1-7-2017] Repeal and saving 174. (1) Save as otherwise provided in this Act, on and from the date of commencement of this Act,— (i) the Tamil Nadu Value… Read More »

Section 172 of Tamil Nadu GST Act 2017 : Removal of difficulties

By | March 7, 2018

Section 172 of Tamil Nadu GST Act 2017 ( Section 172 of Tamil Nadu GST Act 2017 explains Removal of difficulties and is covered in  CHAPTER XXI  MISCELLANEOUS )  [Enforced with effect from 1-7-2017] 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,… Read More »

 Section 171 of Tamil Nadu GST Act 2017 : Anti-profiteering Measure

By | March 7, 2018

Section 171 of Tamil Nadu GST Act 2017 ( Section 171 of Tamil Nadu GST Act 2017 explains  Anti-profiteering Measure and is covered in  CHAPTER XXI  MISCELLANEOUS )  [Enforced with effect from 1-7-2017]  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… Read More »

Notification No 12/2018 Central Tax : CGST (Second Amendment) Rules 2018

By | March 7, 2018

Notification No 12/2018 Central Tax Second Amendment (2018) to CGST Rules vide Notification No 12/2018 Central Tax dated 7th March, 2018 [ Refer : Notifies the date from which E-Way Bill Rules shall come into force vide Notification No 15/2018 Central Tax Dated  23rd March 2018 ] [To be published in the Gazette of India, Extraordinary, Part II,… Read More »

Section 170 of Tamil Nadu GST Act 2017 : Rounding off of tax, etc

By | March 7, 2018

Section 170 of Tamil Nadu GST Act 2017 ( Section 170 of Tamil Nadu GST Act 2017 explains Rounding off of tax, etc and is covered in  CHAPTER XXI  MISCELLANEOUS )  [Enforced with effect from 1-7-2017]  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… Read More »

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

By | March 7, 2018

Section 169 of Tamil Nadu GST Act 2017 ( Section 169 of Tamil Nadu GST Act 2017 explains Service of notice in certain circumstances and is covered in  CHAPTER XXI  MISCELLANEOUS )  [Enforced with effect from 1-7-2017] Service of notice in certain circumstances 169. (1) Any decision, order, summons, notice or other communication under this Act or the rules made thereunder… Read More »

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

By | March 7, 2018

Section 168 of Tamil Nadu GST Act 2017 ( Section 168 of Tamil Nadu GST Act 2017 explains Power to issue instructions or directions and is covered in  CHAPTER XXI  MISCELLANEOUS )  [Enforced with effect from 1-7-2017] Power to issue instructions or directions 168. The Commissioner may, if he considers it necessary or expedient so to do for the purpose of… Read More »

Section 167 of Tamil Nadu GST Act 2017 : Delegation of powers

By | March 7, 2018

Section 167 of Tamil Nadu GST Act 2017 ( Section 167 of Tamil Nadu GST Act 2017 explains Delegation of powers and is covered in  CHAPTER XXI  MISCELLANEOUS )  [Enforced with effect from 1-7-2017] 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… Read More »

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

By | March 7, 2018

Section 166 of Tamil Nadu GST Act 2017 ( Section 166 of Tamil Nadu GST Act 2017 explains Laying of rules, regulations and notifications and is covered in  CHAPTER XXI  MISCELLANEOUS )  [Enforced with effect from 1-7-2017]  Laying of rules, regulations and notifications 166. Every rule made by the Government, every regulation made by the Government and every notification issued by… Read More »

Section 165 of Tamil Nadu GST Act 2017 : Power to make regulations

By | March 7, 2018

Section 165 of Tamil Nadu GST Act 2017 ( Section 165 of Tamil Nadu GST Act 2017 explains  Power to make regulations and is covered in  CHAPTER XXI  MISCELLANEOUS )  [Enforced with effect from 1-7-2017]  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… Read More »

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

By | March 7, 2018

Section 164 of Tamil Nadu GST Act 2017 ( Section 164 of Tamil Nadu GST Act 2017 explains Power of Government to make rules and is covered in  CHAPTER XXI  MISCELLANEOUS )  [Enforced with effect from 28-6-2017]  Power of Government to make rules 164. (1) The Government may, on the recommendations of the Council, by notification, make rules for carrying out… Read More »

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

By | March 7, 2018

Section 162 of Tamil Nadu GST Act 2017 ( Section 162 of Tamil Nadu GST Act 2017 explains Bar on jurisdiction of civil courts and is covered in  CHAPTER XXI  MISCELLANEOUS )  [Enforced with effect from 1-7-2017]  Bar on jurisdiction of civil courts 162. Save as provided in sections 117 and 118, no civil court shall have jurisdiction to deal with… Read More »

Section 161 of Tamil Nadu GST Act 2017 : Rectification of errors apparent on the face of record

By | March 7, 2018

Section 161 of Tamil Nadu GST Act 2017 ( Section 161 of Tamil Nadu GST Act 2017 explains Rectification of errors apparent on the face of record and is covered in  CHAPTER XXI  MISCELLANEOUS )  [Enforced with effect from 1-7-2017]  Rectification of errors apparent on the face of record 161. Without prejudice to the provisions of section 160, and notwithstanding anything… Read More »

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

By | March 7, 2018

Section 160 of Tamil Nadu GST Act 2017 ( Section 160 of Tamil Nadu GST Act 2017 explains Assessment proceedings, etc., not to be invalid on certain grounds and is covered in  CHAPTER XXI  MISCELLANEOUS )  [Enforced with effect from 1-7-2017]  Assessment proceedings, etc., not to be invalid on certain grounds  160. (1) No assessment, re-assessment, adjudication, review, revision, appeal, rectification,… Read More »

Section 159 of Tamil Nadu GST Act 2017 : Publication of information in respect of persons in certain cases

By | March 7, 2018

Section 159 of Tamil Nadu GST Act 2017 ( Section 159 of Tamil Nadu GST Act 2017 explains Publication of information in respect of persons in certain cases and is covered in  CHAPTER XXI  MISCELLANEOUS )  [Enforced with effect from 1-7-2017]  Publication of information in respect of persons in certain cases 159. (1) If the Commissioner, or any other officer authorised… Read More »

Section 158 of Tamil Nadu GST Act 2017 : Disclosure of information by a public servant

By | March 7, 2018

Section 158 of Tamil Nadu GST Act 2017 ( Section 158 of Tamil Nadu GST Act 2017 explains Disclosure of information by a public servant and is covered in  CHAPTER XXI  MISCELLANEOUS )  [Enforced with effect from 1-7-2017]  Disclosure of information by a public servant  158. (1) All particulars contained in any statement made, return furnished or accounts or documents produced… Read More »

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

By | March 7, 2018

Section 157 of Tamil Nadu GST Act 2017 ( Section 157 of Tamil Nadu GST Act 2017 explains Protection of action taken under this Act and is covered in  CHAPTER XXI  MISCELLANEOUS )  [Enforced with effect from 1-7-2017]  Protection of action taken under this Act  157. (1) No suit, prosecution or other legal proceedings shall lie against the President, State President,… Read More »

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

By | March 7, 2018

Section 156 of Tamil Nadu GST Act 2017 ( Section 156 of Tamil Nadu GST Act 2017 explains Persons deemed to be public servants and is covered in  CHAPTER XXI  MISCELLANEOUS )  [Enforced with effect from 1-7-2017]  Persons deemed to be public servants  156. All persons discharging functions under this Act shall be deemed to be public servants within the meaning… Read More »

 Section 155 of Tamil Nadu GST Act 2017 : Burden of Proof

By | March 7, 2018

Section 155 of Tamil Nadu GST Act 2017 ( Section 155 of Tamil Nadu GST Act 2017 explains  Burden of Proof and is covered in  CHAPTER XXI  MISCELLANEOUS )  [Enforced with effect from 1-7-2017]  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… Read More »

Section 154 of Tamil Nadu GST Act 2017 : Power to take samples

By | March 7, 2018

Section 154 of Tamil Nadu GST Act 2017 ( Section 154 of Tamil Nadu GST Act 2017 explains  Power to take samples and is covered in  CHAPTER XXI  MISCELLANEOUS )  [Enforced with effect from 1-7-2017]  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… Read More »

Section 153 of Tamil Nadu GST Act 2017 : Taking assistance from an expert

By | March 7, 2018

Section 153 of Tamil Nadu GST Act 2017 ( Section 153 of Tamil Nadu GST Act 2017 explains Taking assistance from an expert and is covered in  CHAPTER XXI  MISCELLANEOUS )  [Enforced with effect from 1-7-2017]  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… Read More »

Section 152 of Tamil Nadu GST Act 2017 : Bar on disclosure of information

By | March 7, 2018

Section 152 of Tamil Nadu GST Act 2017 ( Section 152 of Tamil Nadu GST Act 2017 explains Bar on disclosure of information and is covered in  CHAPTER XXI  MISCELLANEOUS )  [Enforced with effect from 1-7-2017]  Bar on disclosure of information  152. (1) No information of any individual return or part thereof with respect to any matter given for the purposes… Read More »

Pradhan Mantri Mudra Yojana (PMMY) Progress

By | March 7, 2018

Ministry of Finance Pradhan Mantri Mudra Yojana (PMMY) Posted On: 06 MAR 2018 6:04PM by PIB Delhi Pradhan Mantri Mudra Yojana (PMMY) is being implemented in all the States/Union Territories across the country. Details of number of loans and amount sanctioned under PMMY for 2015-16, 2016-17 and 2017-18 (as on 23.02.2018) is at Annexure. Since the launch… Read More »

Opening of bank branches in villages

By | March 7, 2018

Ministry of Finance Opening of bank branches in villages Posted On: 06 MAR 2018 6:05PM by PIB Delhi Reserve Bank of India (RBI), vide, its circular dated 8.6.2017 advised all the State Level Bankers’ Committees (SLBCs) Convenor Banks to review and identify Unbanked Rural Centres (URCs) in villages with population above 5000 and ensure that… Read More »

Agreement of India with other Countries on Money Laundering Information

By | March 7, 2018

Ministry of Finance Agreement with other Countries on Money Laundering Information Posted On: 06 MAR 2018 6:06PM by PIB Delhi The Government of India has entered into Double Taxation Avoidance Agreements (DTAAs), Tax Information Exchange Agreements (TIEAs) and Multilateral Convention on Mutual Administrative Assistance in Tax Matters (MAC) with over 130 countries including tax havens.… Read More »

Partial Withdrawal under NPS allowed after 3 years

By | March 7, 2018

Ministry of Finance Partial Withdrawal under NPS Posted On: 06 MAR 2018 6:08PM by PIB Delhi The Pension Fund Regulatory Development Authority (PFRDA) has relaxed the norms for partial withdrawal under the National Pension Scheme (NPS). In accordance with the PFRDA (Exits and Withdrawals under the National Pension System) (First Amendment) Regulations 2017, the subscriber… Read More »