Daily Archives: March 27, 2018

TDS on property : FAQs

By | March 27, 2018

TDS on property What is TDS on property? The Finance Bill 2013 has proposed that purchaser of an immovable property (other than rural agricultural land) worth Rs 50 lakh or more is required to pay withholding tax at the rate of 1% from the consideration payable to a resident transferor I am a Buyer, Do… Read More »

Due date for linking Aadhaar with PAN Extended till June 30, 2018 by CBDT

By | March 27, 2018

The Central Board of Direct Taxes (CBDT) has extended the last date for linking of Aadhaar with PAN from March 31, 2018 to June 30, 2018. This is the 3rd time, CBDT has extended the due date for linking Aadhaar number with PAN. F. No.225/270/2017 /ITA.II Government of India Ministry of Finance Department of Revenue… Read More »

Section 10 of Goa GST Act 2017 : Composition levy

By | March 27, 2018

Section 10 of Goa GST Act 2017 [ Section 10 of Goa 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 8 of Goa GST Act 2017 : Tax liability on composite and mixed supplies

By | March 27, 2018

Section 8 of Goa GST Act 2017 [ Section 8 of Goa 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 6 of Goa GST Act 2017 : Authorisation of officers of central tax as proper officer in certain circumstances

By | March 27, 2018

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

Section 5 of Goa GST Act 2017 : Powers of officers

By | March 27, 2018

Section 5 of Goa GST Act 2017 [ Section 5 of Goa 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… Read More »

Section 4 of Goa GST Act 2017 : Appointment of officers

By | March 27, 2018

Section 4 of Goa GST Act 2017 [ Section 4 of Goa 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 Goa GST Act 2017 : Officers under this Act

By | March 27, 2018

Section 3 of Goa GST Act 2017 [ Section 3 of Goa 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) Commissioner of State tax, (b) Special Commissioner of State… Read More »

Section 2 of Goa GST Act 2017 : Definitions

By | March 27, 2018

Section 2 of Goa GST Act 2017 [ Section 2 of Goa 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; (Central Act 4 of 1882).… Read More »

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

By | March 27, 2018

Section 1 of Goa GST Act 2017 [ Section 1 of Goa 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 Goa Goods and Services Tax Act, 2017. (2) It extends to the whole of the State of Goa. (3)… Read More »

USA IRS : The right to reach a resolution – Taxpayer Bill of Rights No. 6

By | March 27, 2018

The right to reach a resolution – Taxpayer Bill of Rights No. 6 Taxpayers who interact with the IRS are entitled to the resolution. This right comes into play for taxpayers who are going through an audit. These taxpayers have the right to know when the IRS has completed a review (audit). This is one of the… Read More »

USA IRS : IRS.gov tax help available

By | March 27, 2018

IRS.gov tax help available Taxpayers can visit IRS.gov/espanol for quick access to tax information and useful tools that can help them with their taxes. The following are some things taxpayers can do when visiting IRS.gov/espanol: Use the IRS Free File. Prepare and submit your taxes electronically with IRS Free File . Taxpayers with incomes of $ 66,000 or less may… Read More »

USA IRS : Tips for Using Withholding Calculator

By | March 27, 2018

Tips for Using Withholding Calculator The IRS recommends that taxpayers use the calculator Retention in IRS.gov/espanol, to “verify your paycheck” and verify that their employers withhold the correct amount of income taxes from their paychecks. Withholding Calculator can help prevent employees have too little or retention of your paycheck. Have very few withholding taxes can result in… Read More »

USA IRS : Guide to Tax Season: fast answers to tax questions

By | March 27, 2018

Guide to Tax Season: IRS.gov Make your first stop for help and fast answers to tax questions IR-2018-76SP, March 27, 2018 WASHINGTON – With the deadline to file taxes on April 17th fast approaching, taxpayers can find most of the answers to your tax questions, if you take advantage of the wide variety oftools online easy to use, available… Read More »

Schedule III of Uttarakhand GST Act 2017 : Activities or transactions which shall be treated as supply of goods nor supply of services

By | March 27, 2018

Schedule III of Uttarakhand GST Act 2017 ( Schedule III of Uttarakhand GST Act 2017 explains Activities or transactions which shall be treated as supply of goods nor supply of services )  SCHEDULE III [See section 7] ACTIVITIES OR TRANSACTIONS WHICH SHALL BE TREATED AS SUPPLY OF GOODS NOR SUPPLY OF SERVICES 1. Services by an employee to… Read More »

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

By | March 27, 2018

Schedule II of Uttarakhand GST Act 2017 ( Schedule II of Uttarakhand 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 a… Read More »

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

By | March 27, 2018

Schedule I of Uttarakhand GST Act 2017 ( Schedule I of Uttarakhand 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 been… Read More »

Income from letting out warehouse for short duration was business income

By | March 27, 2018

As per the Hon’ble Madras High Court, the income earned from letting-out of warehouse and godown was chargeable under the head ‘income from business’ having regard to the facts and circumstances of the case. In the case before the Hon’ble High Court, assessee was engaged in the business of warehousing, handling and transport business and… Read More »

Income-tax offices to remain open on 29th to 31 March 2018

By | March 27, 2018

 Income-tax offices to remain open on 29th, 30th and 31st March, 2018 to facilitate filing of belated ITR F. No. 225/270/2017-ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 26th March, 2018 Order under Section 119(1) of the Income Tax Act, 1961 The last date for… Read More »

SBI RTGS Form : Download / Print

By | March 27, 2018

SBI RTGS Form  Download State Bank of India –  SBI Bank RTGS  NEFT Application Form in PDF Format. Download SBI Bank RTGS NEFT Form in PDF Format, Download SBI RTGS NEFT Form in PDF Format. Download Latest & Updated SBI Bank RTGS / NEFT Form in PDF format. Request form of RTGS/ NEFT for SBI  Bank.… Read More »

NOTIFICATION G.O.Ms.No.138, DATED 27-3-2018 : Andhra Pradesh GST

By | March 27, 2018

ANDHRA PRADESH GOODS AND SERVICES TAX (SIXTEENTH AMENDMENT) RULES, 2018 – AMENDMENT IN RULE 117, FORM GST RFD-01 & FORM GST RFD-01A AND SUBSTITUTION OF RULES 138, 138A, 138B, 138C, 138D, FORM GST EWB-01, FORM GST EWB-02, FORM GST EWB-03, FORM GST EWB-04 & FORM GST INV-1 NOTIFICATION G.O.Ms.No.138, DATED 27-3-2018 In exercise of the powers… Read More »

NOTIFICATION NO.CCT/CCW/GST/74/2015, DATED 27-3-2018 : Andhra Pradesh GST

By | March 27, 2018

SECTION 39 OF THE ANDHRA PRADESH GOODS AND SERVICES TAX ACT, 2017, READ WITH RULE 61 OF THE ANDHRA PRADESH GOODS AND SERVICES TAX RULES, 2017  EXTENSION OF TIME LIMIT FOR FILING FORM GSTR 3B NOTIFICATION NO.CCT/CCW/GST/74/2015, DATED 27-3-2018 In exercise of the powers conferred by section 168 of the Andhra Pradesh Goods and Services Tax… Read More »

NOTIFICATION NO.4/2018-GST [NO.CT/GST-14/2017/102] Assam GST DATED 27-3-2018

By | March 27, 2018

RULE 138 OF THE CENTRAL GOODS & SERVICES TAX RULES, 2017, READ WITH RULE 138 OF THE ASSAM GOODS & SERVICES TAX RULES, 2017 – E-WAY BILL – E-WAY BILL NOT REQUIRED FOR MOVEMENT OF GOODS WITHIN ASSAM NOTIFICATION NO.4/2018-GST [NO.CT/GST-14/2017/102], DATED 27-3-2018 In exercise of the powers conferred by clause (d) of sub-rule (14) of… Read More »

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

By | March 27, 2018

Section 173 of Uttarakhand GST Act 2017 ( Section 173 of Uttarakhand GST Act 2017 explains Amendment of certain Acts and is covered in  CHAPTER XXI MISCELLANEOUS)  Amendment of certain Acts 173. Save as otherwise provided in this Act, on and from the date of commencement of this Act (1), shall not to be held to prejudice or… Read More »

Section 172 of Uttarakhand GST Act 2017 : Removal of difficulties

By | March 27, 2018

Section 172 of Uttarakhand GST Act 2017 ( Section 172 of Uttarakhand GST Act 2017 explains Removal of difficulties and is covered in  CHAPTER XXI MISCELLANEOUS)  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 a… Read More »

Section 171 of Uttarakhand GST Act 2017 : Anti-profiteering Measure

By | March 27, 2018

Section 171 of Uttarakhand GST Act 2017 ( Section 171 of Uttarakhand GST Act 2017 explains Anti-profiteering Measure and is covered in  CHAPTER XXI MISCELLANEOUS)  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 way… Read More »

Section 170 of Uttarakhand GST Act 2017 :  Rounding off of tax etc.

By | March 27, 2018

Section 170 of Uttarakhand GST Act 2017 ( Section 170 of Uttarakhand GST Act 2017 explains Rounding off of tax etc and is covered in  CHAPTER XXI MISCELLANEOUS)   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 the… Read More »

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

By | March 27, 2018

Section 169 of Uttarakhand GST Act 2017 ( Section 169 of Uttarakhand GST Act 2017 explains Service of notice in certain circumstances and is covered in  CHAPTER XXI MISCELLANEOUS)   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 any… Read More »

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

By | March 27, 2018

Section 168 of Uttarakhand GST Act 2017 ( Section 168 of Uttarakhand GST Act 2017 explains Power to issue instructions or directions and is covered in  CHAPTER XXI MISCELLANEOUS)   Power to issue instructions or directions 168. (1) The Commissioner may, if he considers it necessary or expedient so to do for the purpose of uniformity in the implementation… Read More »

Section 167 of Uttarakhand GST Act 2017 : Delegation of powers

By | March 27, 2018

Section 167 of Uttarakhand GST Act 2017 ( Section 167 of Uttarakhand GST Act 2017 explains Delegation of powers and is covered in  CHAPTER XXI MISCELLANEOUS)  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 officer… Read More »

Section 166 of Uttarakhand GST Act 2017 : Laying of rules, regulations and notifications.

By | March 27, 2018

Section 166 of Uttarakhand GST Act 2017 ( Section 166 of Uttarakhand GST Act 2017 explains Laying of rules, regulations and notifications and is covered in  CHAPTER XXI MISCELLANEOUS)  Laying of rules, regulations and notifications. 166. Every rule made by the Government, every regulation made by the Government and every notification issued by the Government under this Act, shall be… Read More »

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

By | March 27, 2018

Section 165 of Uttarakhand GST Act 2017 ( Section 165 of Uttarakhand GST Act 2017 explains Power to make regulations and is covered in  CHAPTER XXI MISCELLANEOUS)  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 of this Act. Uttarakhand GST Act 2017 Uttarakhand… Read More »

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

By | March 27, 2018

Section 164 of Uttarakhand GST Act 2017 ( Section 164 of Uttarakhand GST Act 2017 explains Power of Government to make rules and is covered in  CHAPTER XXI MISCELLANEOUS)  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 Act.… Read More »

Circular No 38/12/2018 : GST : Job Work Issues clarified by CBEC

By | March 27, 2018

Circular No 38/12/2018 Clarification on issues related to Job Work vide Circular No 38/12/2018 Dated 26th March, 2018 F. No. 20/16/03/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs GST Policy Wing New Delhi, Dated the 26th March, 2018 To, The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/Commissioners of Central Tax (All)/The… Read More »

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

By | March 27, 2018

Section 162 of Uttarakhand GST Act 2017 ( Section 162 of Uttarakhand GST Act 2017 explains Bar on jurisdiction of civil courts and is covered in  CHAPTER XXI MISCELLANEOUS)  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 arising… Read More »

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

By | March 27, 2018

Section 161 of Uttarakhand GST Act 2017 ( Section 161 of Uttarakhand GST Act 2017 explains Rectification of errors apparent on the face of record and is covered in  CHAPTER XXI MISCELLANEOUS)  Rectification of errors apparent on the face of record 161. Without prejudice to the. provisions of section 160, and notwithstanding anything contained in any other provisions… Read More »

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

By | March 27, 2018

Section 160 of Uttarakhand GST Act 2017 ( Section 160 of Uttarakhand GST Act 2017 explains Assessment proceedings, etc. not to be invalid on certain grounds and is covered in  CHAPTER XXI MISCELLANEOUS)  Assessment proceedings, etc. not to be invalid on certain grounds 160. (1) No assessment, assessment, adjudication, review, revision, appeal, rectification, notice, summons or other proceedings… Read More »

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

By | March 27, 2018

Section 159 of Uttarakhand GST Act 2017 ( Section 159 of Uttarakhand GST Act 2017 explains Publication of information in respect of persons in certain cases and is covered in  CHAPTER XXI MISCELLANEOUS)  Publication of information in respect of persons in certain cases 159. (1) If the Commissioner, or any other officer authorised by him in this behalf,… Read More »

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

By | March 27, 2018

Section 158 of Uttarakhand GST Act 2017 ( Section 158 of Uttarakhand GST Act 2017 explains Disclosure of information by a public servant and is covered in  CHAPTER XXI MISCELLANEOUS)  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 Act,… Read More »

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

By | March 27, 2018

Section 157 of Uttarakhand GST Act 2017 ( Section 157 of Uttarakhand GST Act 2017 explains Protection of action taken under this Act and is covered in  CHAPTER XXI MISCELLANEOUS)  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 employees… Read More »

Section 155 of Uttarakhand GST Act 2017 : Burden of Proof

By | March 27, 2018

Section 155 of Uttarakhand GST Act 2017 ( Section 155 of Uttarakhand GST Act 2017 explains Burden of Proof and is covered in  CHAPTER XXI MISCELLANEOUS)  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. Uttarakhand GST… Read More »

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

By | March 27, 2018

Section 156 of Uttarakhand GST Act 2017 ( Section 156 of Uttarakhand GST Act 2017 explains Persons deemed to be public servants and is covered in  CHAPTER XXI MISCELLANEOUS)  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 the… Read More »