Daily Archives: June 1, 2018

GST on Charitable and Religious Trusts : Free Study Material

By | June 1, 2018

GST on Charitable and Religious Trusts : Free Study Material SevaBhojYojna : To Refund GST : Complete Guide SevaBhojYojna : To Reimburse GST on Food/Prasad/Langar/Bhandara offered free of cos : Press Release 01.06.2018 GST on Charitable and Religious Trusts in India by Taxheal GST on Charitable and Religious Trusts GST levy on rental income of… Read More »

SevaBhojYojna : To Refund GST : Complete Guide

By | June 1, 2018

SevaBhojYojna Here is the complete guide on SevaBhojYojna Who Introduced SevaBhojYojna Government of India under Ministry of Culture introduces new scheme ‘SevaBhojYojna’ Why SevaBhojYojna Introduced Scheme seeks to reimburse Central Share of CGST and IGST on items for Food / rasad /Langar /Bhandara  offered free of cost by Charitable Religious Institutions The scheme envisages to reimburse the Central… Read More »

SevaBhojYojna : To Reimburse GST on Food/Prasad/Langar/Bhandara offered free of cost

By | June 1, 2018

SevaBhojYojna Ministry of Culture Government introduces new scheme ‘SevaBhojYojna’ Scheme seeks to reimburse Central Share of CGST and IGST on items for Food/Prasad/Langar/Bhandara offered free of cost by Charitable Religious Institutions Video Tutorial by CA Satbir Singh (Voice in Hindi , Slides in English)  explaining SevaBhojYojna Posted On: 01 JUN 2018 6:17PM by PIB Delhi… Read More »

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

By | June 1, 2018

Section 77 of Sikkim GST Act 2017 [ Section 77 of Sikkim GST Act 2017 explains Tax wrongfully collected and paid to Central Government or State Government and is covered in  CHAPTER XV  DEMANDS AND RECOVERY] [ Enforced with effect from 1-7-2017. ] Tax wrongfully collected and paid to Central Government or State Government 77. (1) A registered person who has… Read More »

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

By | June 1, 2018

Section 76 of Sikkim GST Act 2017 [ Section 76 of Sikkim GST Act 2017 explains Tax collected but not paid to Government and is covered in  CHAPTER XV  DEMANDS AND RECOVERY] [ Enforced with effect from 1-7-2017. ] Tax collected but not paid to Government 76. (1) Notwithstanding anything to the contrary contained in any order or direction of any… Read More »

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

By | June 1, 2018

Section 75 of Sikkim GST Act 2017 [ Section 75 of Sikkim GST Act 2017 explains General provisions relating to determination of tax and is covered in  CHAPTER XV  DEMANDS AND RECOVERY] [ Enforced with effect from 1-7-2017. ] General provisions relating to determination of tax 75. (1) Where the service of notice or issuance of order is stayed by an… Read More »

Section 74 of Sikkim 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 | June 1, 2018

Section 74 of Sikkim GST Act 2017 [ Section 74 of Sikkim 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] [ Enforced with… Read More »

Section 73 of Sikkim 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 | June 1, 2018

Section 73 of Sikkim GST Act 2017 [ Section 73 of Sikkim 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] [… Read More »

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

By | June 1, 2018

Section 72 of Sikkim GST Act 2017 [ Section 72 of Sikkim GST Act 2017 explains Officers to assist proper officers and is covered in  CHAPTER XIV  INSPECTION, SEARCH, SEIZURE AND ARREST ] [ Enforced with effect from 1-7-2017. ] Officers to assist proper officers 72. (1) All officers of Police, Railways, Customs, and those officers engaged in the collection of land… Read More »

Section 71 of Sikkim GST Act 2017 : Access to business premises

By | June 1, 2018

Section 71 of Sikkim GST Act 2017 [ Section 71 of Sikkim GST Act 2017 explains Access to business premises and is covered in  CHAPTER XIV  INSPECTION, SEARCH, SEIZURE AND ARREST ] [ Enforced with effect from 1-7-2017. ] Access to business premises 71. (1) Any officer under this Act, authorised by the proper officer not below the rank of Joint Commissioner,… Read More »

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

By | June 1, 2018

Section 70 of Sikkim GST Act 2017 [ Section 70 of Sikkim 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 ] [ Enforced with effect from 1-7-2017. ] Power to summon persons to give evidence and produce documents 70. (1) The proper officer under this… Read More »

Section 69 of Sikkim GST Act 2017 : Power to arrest

By | June 1, 2018

Section 69 of Sikkim GST Act 2017 [ Section 69 of Sikkim GST Act 2017 explains Power to arrest and is covered in  CHAPTER XIV  INSPECTION, SEARCH, SEIZURE AND ARREST ] [ Enforced with effect from 1-7-2017. ] Power to arrest 69. (1) Where the Commissioner has reasons to believe that a person has committed any offence specified in clause (a) or… Read More »

Section 68 of Sikkim GST Act 2017 : Inspection of goods in movement

By | June 1, 2018

Section 68 of Sikkim GST Act 2017 [ Section 68 of Sikkim GST Act 2017 explains Inspection of goods in movement and is covered in  CHAPTER XIV  INSPECTION, SEARCH, SEIZURE AND ARREST ] [ Enforced with effect from 1-7-2017. ] Inspection of goods in movement 68. (1) The Government may require the person in charge of a conveyance carrying any consignment of… Read More »

Section 67 of Sikkim GST Act 2017 : Power of inspection search and seizure

By | June 1, 2018

Section 67 of Sikkim GST Act 2017 [ Section 67 of Sikkim GST Act 2017 explains Power of inspection search and seizure and is covered in  CHAPTER XIV  INSPECTION, SEARCH, SEIZURE AND ARREST ] [ Enforced with effect from 1-7-2017. ] Power of inspection search and seizure 67. (1) Where the proper officer, not below the rank of Joint Commissioner, has reasons… Read More »

Section 66 of Sikkim GST Act 2017 : Special audit

By | June 1, 2018

Section 66 of Sikkim GST Act 2017 [ Section 66 of Sikkim GST Act 2017 explains Special audit and is covered in  CHAPTER XIII  AUDIT ] [ Enforced with effect from 1-7-2017. ] 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… Read More »

Section 65 of Sikkim GST Act 2017 : Audit by tax authorities

By | June 1, 2018

Section 65 of Sikkim GST Act 2017 [ Section 65 of Sikkim GST Act 2017 explains Audit by tax authorities and is covered in  CHAPTER XIII  AUDIT ] [ Enforced with effect from 1-7-2017. ] 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… Read More »

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

By | June 1, 2018

Section 64 of Sikkim GST Act 2017 [ Section 64 of Sikkim GST Act 2017 explains Summary assessment in certain special cases and is covered in  CHAPTER XII  ASSESSMENT ] [ Enforced with effect from 1-7-2017. ] 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… Read More »

Section 63 of Sikkim GST Act 2017 : Assessment of unregistered persons

By | June 1, 2018

Section 63 of Sikkim GST Act 2017 [ Section 63 of Sikkim GST Act 2017 explains Assessment of unregistered persons and is covered in  CHAPTER XII  ASSESSMENT ] [ Enforced with effect from 1-7-2017. ] 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… Read More »

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

By | June 1, 2018

Section 62 of Sikkim GST Act 2017 [ Section 62 of Sikkim GST Act 2017 explains Assessment of non-filers of returns and is covered in  CHAPTER XII  ASSESSMENT ] [ Enforced with effect from 1-7-2017. ] 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… Read More »

Section 61 of Sikkim GST Act 2017 : Scrutiny of returns

By | June 1, 2018

Section 61 of Sikkim GST Act 2017 [ Section 61 of Sikkim GST Act 2017 explains Scrutiny of returns and is covered in  CHAPTER XII  ASSESSMENT ] [ Enforced with effect from 1-7-2017. ] 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… Read More »

Section 60 of Sikkim GST Act 2017 : Provisional assessment

By | June 1, 2018

Section 60 of Sikkim GST Act 2017 [ Section 60 of Sikkim GST Act 2017 explains Provisional assessment and is covered in  CHAPTER XII  ASSESSMENT ] [ Enforced with effect from 1-7-2017. ] 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… Read More »

Section 59 of Sikkim GST Act 2017 : Self-assessment

By | June 1, 2018

Section 59 of Sikkim GST Act 2017 [ Section 59 of Sikkim GST Act 2017 explains Self-assessment and is covered in  CHAPTER XII  ASSESSMENT ] [ Enforced with effect from 1-7-2017. ] 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. Sikkim GST Act 2017 Sikkim… Read More »

Section 58 of Sikkim GST Act 2017 : Utilisation of Fund

By | June 1, 2018

Section 58 of Sikkim GST Act 2017 [ Section 58 of Sikkim GST Act 2017 explains Utilisation of Fund and is covered in  CHAPTER XI  REFUNDS ] [ Enforced with effect from 1-7-2017. ] Utilisation 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… Read More »

Section 57 of Sikkim GST Act 2017 : Consumer Welfare Fund

By | June 1, 2018

Section 57 of Sikkim GST Act 2017 [ Section 57 of Sikkim GST Act 2017 explains Consumer Welfare Fund and is covered in  CHAPTER XI  REFUNDS ] [ Enforced with effect from 1-7-2017. ] 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… Read More »

Section 56 of Sikkim GST Act 2017 : Interest on delayed refunds

By | June 1, 2018

Section 56 of Sikkim GST Act 2017 [ Section 56 of Sikkim GST Act 2017 explains Interest on delayed refunds and is covered in  CHAPTER XI  REFUNDS ] [ Enforced with effect from 1-7-2017. ] 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… Read More »

Section 55 of Sikkim GST Act 2017 : Refund in certain cases

By | June 1, 2018

Section 55 of Sikkim GST Act 2017 [ Section 55 of Sikkim GST Act 2017 explains Refund in certain cases and is covered in  CHAPTER XI  REFUNDS ] [ Enforced with effect from 1-7-2017. ] 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… Read More »

GST Revenue Collection : Compilation

By | June 1, 2018

GST Revenue Collection : Compilation Here is the GST Revenue Collection Compilation GST revenue collection for May 2018 Rs 94016 Crore GST Revenue collection for April 2018 exceeds Rs 1 Lakh Crore Total GST Collections for Financial Year 2017-18 Rs 7.19 Lakh Crore : Press Release 27.04.2018 Final Monthly collection figures of GST for July 2017… Read More »

GST exemption for Health care services under GST : AAR ruling

By | June 1, 2018

Applicant Engaged in diagnosis, pre and post counselling, therapy and prevention of diseases by providing tests Questions “Health care services provided by clinical establishments, an authorised medical practitioner or para-medics are exempted vide SL.No.74 of the Notification No. 12/2017- Central Tax (Rate) dated 28th June, 2017. Therefore the issue/s before us to decide are a.… Read More »

EPC contract for solar power plant is not Composite Supply : AAR

By | June 1, 2018

a) Whether supply of turnkey Engineering, Procurement & Construction (‘EPC’) Contract for construction of solar power plant wherein both goods and services are supplied can be construed to be a Composite Supply in terms of Section 2(30) of CGST Act, 2017 b) If Yes, Whether the Principal Supply in such case can be said to be… Read More »

Statutory company is not Government : No GST benefit can be availed : AAR

By | June 1, 2018

1. “Whether the contract, executed by them for KPTCL, is a divisible contract [Supply of goods & Supply of Services] or an indivisible contract [ works contract]?” 2. “Whether the tax rate of 12% [CGST-6% + SGST-6%] is applicable to the above contract, in pursuance of Notification No.24/2017-Central Tax (Rate) dated 21.09.2017?” RULING 1. The… Read More »

Section 78 of Sikkim GST Act 2017 : Initiation of recovery proceedings

By | June 1, 2018

Section 78 of Sikkim GST Act 2017 [ Section 78 of Sikkim GST Act 2017 explains Initiation of recovery proceedings and is covered in  CHAPTER XV  DEMANDS AND RECOVERY] [ Enforced with effect from 1-7-2017. ] 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… Read More »

How to file Income Tax Appeal to Supreme Court

By | June 1, 2018

How to file Income Tax Appeal to Supreme Court An appeal shall lie to the Supreme Court from any judgment of the High Court delivered before the establishment of the National Tax Tribunal] on a reference made under section 256 against an order made under section 254 before the 1st day of October, 1998 or an appeal made to High… Read More »

How to file Income Tax Appeal to High Court

By | June 1, 2018

How to file Income Tax Appeal to High Court APPEAL TO HIGH COURT [SECTION 260A] Who can file appeal Assessee or Principal Chief Commissioner/Principal Commissioner/Chief Commissioner/Commissioner. Order against which appeal to High Court is possible Any order passed in appeal by the Appellate Tribunal (before the date of establishment of National Tax Tribunal), if the… Read More »

How to File Income Tax Appeal to Appellate Tribunal

By | June 1, 2018

How to File Income Tax Appeal to Appellate Tribunal APPEALS TO TRIBUNAL [SECTIONS 252 TO 255 of Income Tax ] [SECTIONS 246A TO 249 of Income Tax ] Appealable orders – Appeal by  assessee 1-10-1998 or, as the case may be, a Commissioner (Appeals) under section 154, section 250, section 271, section 271A or section 272A; or           An order passed by Deputy Commissioner (Appeals) before An… Read More »

How to file Income Tax Appeal to Commissioner (Appeals)

By | June 1, 2018

How to File Income Tax Appeal to Commissioner (Appeals) APPEALS TO COMMISSIONER (APPEALS) (Section  246A TO 249 of Income Tax Act] Appealable orders Please see section 246A Time limit for presenting appeal Appeals should be presented within 30 days of the following date : where the appeal relates to any  tax deducted under section 195(1), the date of payment of… Read More »

Notification No 25/2018 Central Tax : GSTR 6 Due date extended

By | June 1, 2018

Notification No 25/2018 Central Tax Summary of Notification No 25/2018 Central Tax seeks to extend the due date for filing of FORM GSTR-6 for the months of July, 2017 to June, 2018, till the 31st day of July, 2018. vide Notification No 25/2018  Central Tax Dated 31st May, 2018 Notification No 25/2018 Central Tax Video Tutorial by CA Satbir Singh… Read More »

How to Apply TAN (Tax Deduction and Collection Account Number )

By | June 1, 2018

TAN Here is the complete Study material on TAN (Tax Deduction and Collection Account Number ) under Income Tax Act of India TAN Introduction What is TAN under Income Tax?​ TAN i.e. Tax Deduction and Collection Account Number is a 10 digit alpha numeric number required to be obtained by all persons who are responsible for deducting tax… Read More »