Daily Archives: April 7, 2018

USA IRS : Taxpayers can visit IRS.gov/espanol to resources that help you understand the tax reform

By | April 7, 2018

Taxpayers can visit IRS.gov/espanol to resources that help you understand the tax reform Taxpayers who have questions about the Employment Act and tax cuts have several resources to help answer questions. This legislation, enacted in December 2017, changed many areas of the tax law. The following are some of the resources available in IRS.gov/espanol that will help… Read More »

USA IRS : Rushing with tax filing may result in errors; Electronically present, extensions available

By | April 7, 2018

Rushing with tax filing may result in errors; Electronically present, extensions available IR-2018-86SP, April 6, 2018 WASHINGTON – As the deadline for tax filing on April 17, many taxpayers may rush to complete their tax returns or find they need more time to make approaches. The IRS recommends taxpayers to request an extension to file if they need one.… Read More »

USA IRS : IRS Dirty Dozen: Beware these 12 scams

By | April 7, 2018

IRS Dirty Dozen: Beware these 12 scams The IRS reminds taxpayers to beware of scams and frauds that put them at risk along with your personal information. Each year, the IRS publishes the top 12 scams known as the Dirty Dozen. The scams range from the simple inflation refund technical treatment on tax shelters. Following is a… Read More »

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

By | April 7, 2018

Schedule III of Goa GST Act 2017 [ Schedule 3 of Goa 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 of services 1. Services… Read More »

Schedule II of Goa GST Act 2017 : Activities to be treated as supply of goods or supply of service

By | April 7, 2018

Schedule II of Goa GST Act 2017 [ Schedule 2 of Goa GST Act 2017 explains Activities to be treated as supply of goods or supply of service ] SCHEDULE II [See section 7] Activities to be treated as supply of goods or supply of service 1. Transfer (a) any transfer of the title in goods is a supply of… Read More »

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

By | April 7, 2018

Schedule I of Goa GST Act 2017 [ Schedule 1 of Goa 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 availed… Read More »

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

By | April 7, 2018

Section 173 of Goa GST Act 2017 [ Section 173 of Goa 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,— (i) in the Goa Panchayat Raj Act, Goa Act 1994 (Goa… Read More »

Section 172 of Goa GST Act 2017 : Removal of difficulties

By | April 7, 2018

Section 172 of Goa GST Act 2017 [ Section 172 of Goa 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 special order… Read More »

Section 171 of Goa GST Act 2017 : Anti-profiteering measure

By | April 7, 2018

Section 171 of Goa GST Act 2017 [ Section 171 of Goa 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 of commensurate… Read More »

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

By | April 7, 2018

Section 169 of Goa GST Act 2017 [ Section 169 of Goa 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 one of… Read More »

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

By | April 7, 2018

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

Section 167 of Goa GST Act 2017 : Delegation of powers

By | April 7, 2018

Section 167 of Goa GST Act 2017 [ Section 167 of Goa 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 under this… Read More »

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

By | April 7, 2018

Section 166 of Goa GST Act 2017 [ Section 166 of Goa 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 Goa GST Act 2017 : Power to make regulations

By | April 7, 2018

Section 165 of Goa GST Act 2017 [ Section 165 of Goa 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. Goa GST Act 2017… Read More »

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

By | April 7, 2018

Section 164 of Goa GST Act 2017 [ Section 164 of Goa 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. (2) Without… Read More »

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

By | April 7, 2018

Section 162 of Goa GST Act 2017 [ Section 162 of Goa 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 from or… Read More »

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

By | April 7, 2018

Section 161 of Goa GST Act 2017 [ Section 161 of Goa 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 of this… Read More »

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

By | April 7, 2018

Section 160 of Goa GST Act 2017 [ Section 160 of Goa 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, re-assessment, adjudication, review, revision, appeal, rectification, notice, summons or other proceedings done, accepted,… Read More »

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

By | April 7, 2018

Section 159 of Goa GST Act 2017 [ Section 159 of Goa 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, is of… Read More »

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

By | April 7, 2018

Section 158 of Goa GST Act 2017 [ Section 158 of Goa 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, or in any… Read More »

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

By | April 7, 2018

Section 157 of Goa GST Act 2017 [ Section 157 of Goa 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 of the… Read More »

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

By | April 7, 2018

Section 156 of Goa GST Act 2017 [ Section 156 of Goa 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 Indian Penal… Read More »

Section 154 of Goa GST Act 2017 : Power to take sample

By | April 7, 2018

Section 154 of Goa GST Act 2017 [ Section 154 of Goa GST Act 2017 explains Power to take sample and is covered in CHAPTER XXI : MISCELLANEOUS ] Power to take sample . 154. The Commissioner or an officer authorised by him may take samples of goods from the possession of any taxable person, where he considers it necessary, and provide a… Read More »

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

By | April 7, 2018

Section 153 of Goa GST Act 2017 [ Section 153 of Goa GST Act 2017 explains Taking assistance from an expert and is covered in CHAPTER XXI : MISCELLANEOUS ] Taking assistance from an expert . 153. Any officer not below the rank of Deputy Commissioner may, having regard to the nature and complexity of the case and the interest of revenue, take… Read More »

Section 152 of Goa GST Act 2017 : Bar on disclosure of information

By | April 7, 2018

Section 152 of Goa GST Act 2017 [ Section 152 of Goa GST Act 2017 explains Bar on disclosure of information and is covered in CHAPTER XXI : MISCELLANEOUS ] 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 of section 150 or section 151 shall,… Read More »

Section 151 of Goa GST Act 2017 : Power to collect statistics

By | April 7, 2018

Section 151 of Goa GST Act 2017 [ Section 151 of Goa GST Act 2017 explains Obligation to furnish information return and is covered in CHAPTER XXI : MISCELLANEOUS ] Power to collect statistics . 151. (1) The Commissioner may, if he considers that it is necessary so to do, by notification, direct that statistics may be collected relating to any matter dealt… Read More »

Section 150 of Goa GST Act 2017 : Obligation to furnish information return

By | April 7, 2018

Section 150 of Goa GST Act 2017 [ Section 150 of Goa GST Act 2017 explains Obligation to furnish information return and is covered in CHAPTER XXI : MISCELLANEOUS ] Obligation to furnish information return . 150. (1) Any person, being— (a) a taxable person; or (b) a local authority or other public body or association; or (c) any authority of the State… Read More »

Section 149 of Goa GST Act 2017 : Goods and services tax compliance rating

By | April 7, 2018

Section 149 of Goa GST Act 2017 [ Section 149 of Goa GST Act 2017 explains Goods and services tax compliance rating and is covered in CHAPTER XXI : MISCELLANEOUS ] Goods and services tax compliance rating . 149. (1) Every registered person may be assigned a goods and services tax compliance rating score by the Government based on his record of compliance… Read More »

Section 148 of Goa GST Act 2017 : Special procedure for certain processes

By | April 7, 2018

Section 148 of Goa GST Act 2017 [ Section 148 of Goa GST Act 2017 explains Special procedure for certain processes and is covered in CHAPTER XXI : MISCELLANEOUS ] Special procedure for certain processes . 148. The Government may, on the recommendations of the Council, and subject to such conditions and safeguards as may be prescribed, notify certain classes of registered persons,… Read More »

Section 147 of Goa GST Act 2017 : Deemed Exports

By | April 7, 2018

Section 147 of Goa GST Act 2017 [ Section 147 of Goa GST Act 2017 explains Deemed Exports and is covered in CHAPTER XXI : MISCELLANEOUS ] Deemed Exports . 147. The Government may, on the recommendations of the Council, notify certain supplies of goods as “deemed exports”, where goods supplied do not leave India, and payment for such supplies is received either… Read More »

Section 146 of Goa GST Act 2017 : Common Portal

By | April 7, 2018

Section 146 of Goa GST Act 2017 [ Section 146 of Goa GST Act 2017 explains Common Portal and is covered in CHAPTER XXI : MISCELLANEOUS ] Common Portal . 146. The Government may, on the recommendations of the Council, notify the Common Goods and Services Tax Electronic Portal for facilitating registration, payment of tax, furnishing of returns, computation and settlement of integrated… Read More »

Section 145 of Goa GST Act 2017 : Admissibilty of micro films, facsimile copies of documents and computer printouts as documents and as evidence

By | April 7, 2018

Section 145 of Goa GST Act 2017 [ Section 145 of Goa GST Act 2017 explains Admissibilty of micro films, facsimile copies of documents and computer printouts as documents and as evidence and is covered in CHAPTER XXI : MISCELLANEOUS ] Admissibilty of micro films, facsimile copies of documents and computer printouts as documents and as evidence . 145. (1) Notwithstanding anything contained… Read More »

Section 144 of Goa GST Act 2017 : Presumption as to documents in certain cases

By | April 7, 2018

Section 144 of Goa GST Act 2017 [ Section 144 of Goa GST Act 2017 explains Presumption as to documents in certain cases and is covered in CHAPTER XXI : MISCELLANEOUS ] Presumption as to documents in certain cases . 144. Where any document— (i) is produced by any person under this Act or any other law for the time being in force;… Read More »

Section 143 of Goa GST Act 2017 : Job work procedure

By | April 7, 2018

Section 143 of Goa GST Act 2017 [ Section 143 of Goa GST Act 2017 explains Job work procedure and is covered in CHAPTER XXI : MISCELLANEOUS ] Job work procedure . 143. (1) A registered person (hereafter in this section referred to as e “principal”) may, under intimation and subject to such conditions as may be prescribed, send any inputs or capital… Read More »

Section 142 of Goa GST Act 2017 : Miscellaneous transitional provisions

By | April 7, 2018

Section 142 of Goa GST Act 2017 [ Section 142 of Goa GST Act 2017 explains Miscellaneous transitional provisions and is covered in CHAPTER XX : TRANSITIONAL PROVISIONS ] Miscellaneous transitional provisions . 142. (1) Where any goods on which tax, if any, had been paid under the existing law at the time of sale thereof, not being earlier than six months prior… Read More »

Section 141 of Goa GST Act 2017 : Transitional provisions relating to job work

By | April 7, 2018

Section 141 of Goa GST Act 2017 [ Section 141 of Goa GST Act 2017 explains Transitional provisions relating to job work and is covered in CHAPTER XX : TRANSITIONAL PROVISIONS ] Transitional provisions relating to job work . 141. (1) Where any inputs received at a place of business had been despatched as such or despatched after being partially processed to a… Read More »

Section 140 of Goa GST Act 2017 : Transitional arrangements for input tax credit

By | April 7, 2018

Section 140 of Goa GST Act 2017 [ Section 140 of Goa GST Act 2017 explains Transitional arrangements for input tax credit and is covered in CHAPTER XX : TRANSITIONAL PROVISIONS ] Transitional arrangements for input tax credit . 140. (1) A registered person, other than a person opting to pay tax under section 10, shall be entitled to take, in his electronic… Read More »

Section 139 of Goa GST Act 2017 : Migration of existing taxpayers

By | April 7, 2018

Section 139 of Goa GST Act 2017 [ Section 139 of Goa GST Act 2017 explains Migration of existing taxpayers and is covered in CHAPTER XX : TRANSITIONAL PROVISIONS ] Migration of existing taxpayers . 139. (1) On and from the appointed day, every person registered under any of the existing laws and having a valid Permanent Account Number shall be issued a… Read More »

Section 138 of Goa GST Act 2017 : Compounding of offences

By | April 7, 2018

Section 138 of Goa GST Act 2017 [ Section 138 of Goa GST Act 2017 explains Compounding of offences and is covered in CHAPTER XIX : OFFENCES AND PENALTIES ] Compounding of offences . 138. (1) Any offence under this Act may, either before or after the institution of prosecution, be compounded by the Commissioner on payment, by the person accused of the… Read More »

Section 137 of Goa GST Act 2017 : Offences by Companies

By | April 7, 2018

Section 137 of Goa GST Act 2017 [ Section 137 of Goa GST Act 2017 explains Offences by Companies and is covered in CHAPTER XIX : OFFENCES AND PENALTIES ] Offences by Companies . 137. (1) Where an offence committed by a person under this Act is a company, every person who, at the time the offence was committed was in charge of,… Read More »

Section 136 of Goa GST Act 2017 : Relevancy of statements under certain circumstances

By | April 7, 2018

Section 136 of Goa GST Act 2017 [ Section 136 of Goa GST Act 2017 explains Relevancy of statements under certain circumstances and is covered in CHAPTER XIX : OFFENCES AND PENALTIES ] Relevancy of statements under certain circumstances . 136. A statement made and signed by a person on appearance in response to any summons issued under section 70 during the course… Read More »

Section 135 of Goa GST Act 2017 : Presumption of culpable mental state

By | April 7, 2018

Section 135 of Goa GST Act 2017 [ Section 135 of Goa GST Act 2017 explains Presumption of culpable mental state and is covered in CHAPTER XIX : OFFENCES AND PENALTIES ] Presumption of culpable mental state . 135. In any prosecution for an offence under this Act which requires a culpable mental state on the part of the accused, the court shall… Read More »

Section 134 of Goa GST Act 2017 : Cognizance of offences

By | April 7, 2018

Section 134 of Goa GST Act 2017 [ Section 134 of Goa GST Act 2017 explains Cognizance of offences and is covered in CHAPTER XIX : OFFENCES AND PENALTIES ] Cognizance of offences . 134. No court shall take cognizance of any offence punishable under this Act or the rules made thereunder except with the previous sanction of the Commissioner, and no court… Read More »

Section 133 of Goa GST Act 2017 : Liability of officers and certain other persons

By | April 7, 2018

Section 133 of Goa GST Act 2017 [ Section 133 of Goa GST Act 2017 explains Liability of officers and certain other persons and is covered in CHAPTER XIX : OFFENCES AND PENALTIES ] Liability of officers and certain other persons . 133. (1) Where any person engaged in connection with the collection of statistics under section 151 or compilation or computerisation thereof… Read More »

Section 132 of Goa GST Act 2017 : Punishment for certain offences

By | April 7, 2018

Section 132 of Goa GST Act 2017 [ Section 132 of Goa GST Act 2017 explains Punishment for certain offences and is covered in CHAPTER XIX : OFFENCES AND PENALTIES ] Punishment for certain offences . 132. (1) Whoever commits any of the following offences, namely:— (a) supplies any goods or services or both without issue of any invoice, in violation of the… Read More »

Section 131 of Goa GST Act 2017 : Confiscation or penalty not to interfere with other punishments

By | April 7, 2018

Section 131 of Goa GST Act 2017 [ Section 131 of Goa GST Act 2017 explains Confiscation or penalty not to interfere with other punishments and is covered in CHAPTER XIX : OFFENCES AND PENALTIES ] Confiscation or penalty not to interfere with other punishments . 131. Without prejudice to the provisions contained in the Code of Criminal Procedure, 1973, (Central Act 2… Read More »