Daily Archives: June 12, 2018

Extension of GST Special Refund Fortnight till 16.6.2018

By | June 12, 2018

Ministry of Finance Extension of Special Refund Fortnight till 16.6.2018 Posted On: 12 JUN 2018 8:16PM by PIB Delhi The Government has launched the second “Special Drive Refund Fortnight ”from 31.5.2018 to 14.6.2018. During the first Refund Fortnight from 15th to 29th March an amount of Rs.5350 crore was sanctioned and during this fortnight over Rs 7500… Read More »

Password to open intimation letter/ justification report sent by CPC-TDS

By | June 12, 2018

 Is the intimation letter and justification report sent by CPC-TDS password protected? If yes, what is the password to open the same? Yes, the attached document containing the intimation letter and justification report sent by CPC-TDS is password protected. To open the PDF, enter the first four characters of your PAN in capital letters, followed… Read More »

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

By | June 12, 2018

Schedule III of Sikkim GST Act 2017 [ Schedule III of Sikkim 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.… Read More »

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

By | June 12, 2018

Schedule II of Sikkim GST Act 2017 [ Schedule II of Sikkim 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 supply… Read More »

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

By | June 12, 2018

Schedule I of Sikkim GST Act 2017 [ Schedule I of Sikkim 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 »

Section 174 of Sikkim GST Act 2017 : Repeal and saving

By | June 12, 2018

Section 174 of Sikkim GST Act 2017 [ Section 174 of Sikkim 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. List of 1 other Acts to be repeale d to be entered here.— (1) Save as otherwise provided in this Act, on and from the date of commencement of this Act, (i)… Read More »

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

By | June 12, 2018

Section 173 of Sikkim GST Act 2017 [ Section 173 of Sikkim 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. Omissions, substitutions, and insertions in the Acts to be entered here.—Save as otherwise provided in this Act, on and from… Read More »

Section 172 of Sikkim GST Act 2017 : Removal of difficulties

By | June 12, 2018

Section 172 of Sikkim GST Act 2017 [ Section 172 of Sikkim 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 Sikkim GST Act 2017 : Anti-profiteering Measure

By | June 12, 2018

Section 171 of Sikkim GST Act 2017 [ Section 171 of Sikkim 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 »

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

By | June 12, 2018

Section 170 of Sikkim GST Act 2017 [ Section 170 of Sikkim 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 Sikkim GST Act 2017 : Service of notice in certain circumstances

By | June 12, 2018

Section 169 of Sikkim GST Act 2017 [ Section 169 of Sikkim 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 Sikkim GST Act 2017 : Power to issue instructions or directions

By | June 12, 2018

Section 168 of Sikkim GST Act 2017 [ Section 168 of Sikkim 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 uniformity in… Read More »

Section 167 of Sikkim GST Act 2017 : Delegation of powers

By | June 12, 2018

Section 167 of Sikkim GST Act 2017 [ Section 167 of Sikkim 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 Sikkim GST Act 2017 : Laying of rules, regulations and notifications

By | June 12, 2018

Section 166 of Sikkim GST Act 2017 [ Section 166 of Sikkim 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 the Government… Read More »

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

By | June 12, 2018

Section 165 of Sikkim GST Act 2017 [ Section 165 of Sikkim 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 of this… Read More »

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

By | June 12, 2018

Section 164 of Sikkim GST Act 2017 [ Section 164 of Sikkim GST Act 2017 explains Power of Government to make rules and is covered in  CHAPTER XXI MISCELLANEOUS] [ Enforced with effect from 22-6-2017. ] 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 »

Laying of underground pipeline network is Work Contract under GST :GUJARAT AAR

By | June 12, 2018

AUTHORITY FOR ADVANCE RULINGS, GUJARAT R.B.Construction Company, In re R.B. MANKODI AND G.C. JAIN, MEMBER ADVANCE RULING NO. GUJ/GAAR/R/2017-18/3 JANUARY  17, 2018 Soham Mashruwala, CA and Rohit Bodiwala for the Applicant. RULING 1. The applicant submitted that they had bid in a tender issued by the Rajkot Municipal Corporation (RMC) to supply pipes, lay the pipes in desired formation as planned… Read More »

Ice cream making machine is Refrigerators and not machinery for manufacture of food : GUJARAT AAR

By | June 12, 2018

Note As per Notification No. 1/2017-Central Tax (Rate) dated 28.06.2017 , CGST rates are as follow SCHEDULE III – 9% 330. 8438 Machinery, not specified or included elsewhere in this Chapter, for the industrial preparation or manufacture of food or drink, other than machinery for the extraction or preparation of animal or fixed vegetable fats or oils… Read More »

5% GST on Carry bags made of non-woven fabrics : KERALA AAR

By | June 12, 2018

AUTHORITY FOR ADVANCE RULINGS, KERALA JJ Fabrics, In re SENTHIL NATHAN S. AND N. THULASEEDHARAN PILLAI, MEMBER ADVANCE RULING ORDER NO. CT/5492/18-C3 MAY  29, 2018 RULING 1. M/s. JJ Fabrics, Ernakulam, manufacturer of carry bags made of poly propylene non-woven fabrics, has preferred an application for Advance Ruling on the rate of tax of the same. 2. The applicant has… Read More »

Manufacture of industrial gases is Job Work if goods supplied by recipient : GUJARAT AAR

By | June 12, 2018

AUTHORITY FOR ADVANCE RULINGS, GUJARAT Inox Air Products (P.) Ltd., In re R.B. MANKODI AND G.C. JAIN, MEMBER ADVANCE RULING NO. GUJ/GAAR/R/2018/7 MARCH  21, 2018 Rohit Jain, Adv. for the Applicant. RULING   1. The applicant M/s. INOX Air Products Private Limited (herein after also referred to as ‘INOXAP’) is engaged in the business of manufacture and supply of industrial… Read More »

Explanatory Notes to Scheme of Classification of Services under GST : CBIC

By | June 12, 2018

Explanatory Notes to the Scheme of Classification of Services under GST CBIC has issued the explanatory notes to scheme of classification of services under GST. The explanatory notes has indicated the scope and coverage of the heading, groups and service codes of the Scheme of Classification of Services. These may be used by the assessee… Read More »

Restriction on set-off of loss from house property w.e.f AY 2018-19

By | June 12, 2018

Restriction on set-off of loss from house property CBDT CIRCULAR NO.2/2018 [F.NO.370142/15/2017-TPL], DATED 15-2-2018 35. Restriction on set-off of loss from house property. 35.1 Section 71 of the Income-tax Act relates to set-off of loss from one head against income from another. 35.2 In line with the international best practices, a new sub-section (3A) has been inserted in… Read More »

Multiple Vehicle Option for e-Way bill on Eway Bill Portal

By | June 12, 2018

Multi Vehicle Option for e-Way bill Video Explanation on Multi Vehicle Option for e-Way bill Video Tutorial by CA Satbir Singh (Voice in Hindi , Slides in English) The new option has been introduced on Eway Bill System (https://ewaybillgst.gov.in) wherein the consignment of one e-way bill has to be moved in multiple vehicles, after moving to transshipment… Read More »

Income Tax on Inherited property : Free Study Material

By | June 12, 2018

Income Tax on Inherited property : Free Study Material Here is the free study material on Permanent Account Number (PAN) [Join GST Online Course by CA Satbir Singh)] Free Study material on Income Tax on Inherited property No Income Tax on Property or money received by will or inheritance : FA 2018 Who will file the income… Read More »

Capital expenditure incurred in cash : Depreciation Disallowed w.e.f AY 2018-19

By | June 12, 2018

Capital expenditure incurred in cash : Depreciation Disallowed CIRCULAR No. 2/2018 Dated 15.02.2018 20. Disallowance of depreciation under section 32 and capital expenditure under section 35AD on cash payment. 20.1 Sub-section (3) of section 40A of the Income-tax Act provides that revenue expenditure incurred in cash exceeding certain monetary threshold is not allowable except in such… Read More »