Daily Archives: May 8, 2017

National Electronic Funds Transfer (NEFT) system – Settlement at half-hourly intervals

By | May 8, 2017

RBI/2016-17/300 DPSS (CO) EPPD No.2612/04.03.01/2016-17 May 08, 2017 The Chairman and Managing Director / Chief Executive Officer of member banks participating in NEFT Madam / Sir, National Electronic Funds Transfer (NEFT) system – Settlement at half-hourly intervals National Electronic Funds Transfer (NEFT) system presently settles the fund transfer requests of the participating banks on net… Read More »

Category: RBI

GST scheduled for July 1, 2017 rollout : Jaitley

By | May 8, 2017

The Goods and Services Tax (GST) is on schedule for implementation from July 1 and will not lead to any significant increase in prices of goods although cost of some services may see a marginal hike, Finance Minister Arun Jaitley said today. Hailed as the biggest tax reform since India’s independence, GST will replace an… Read More »

Category: GST

Appeal against composite order can be filed even if tax effect is less than limit in any of years

By | May 8, 2017

HIGH COURT OF GUJARAT Principal Commissioner of Income-tax, Ahmedabad v. Devendranath G. Chaturvedi* M.R. SHAH AND B.N. KARIA, JJ. CIVIL APPLICATION (OJ) NO. 166 OF 2017† STAMP NO. 9 OF 2017 (Arising out of order of ITAT in IT Appeal No. 385 (Ahd.) of 2011, dated 29-1-2016.) APRIL  3, 2017 Nitin K. Mehta, Adv. for… Read More »

Section 25 Rajashtan GST Act 2017 – Procedure for registration

By | May 8, 2017

Section 25 Rajashtan GST Act 2017 Section 25 Rajashtan GST Act 2017 explains Procedure for registration and is covered in Chapter  VI Registration ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection of tax on intra-State supply of goods or… Read More »

Section 24 Rajashtan GST Act 2017 – Compulsory registration in certain cases

By | May 8, 2017

Section 24 Rajashtan GST Act 2017 Section 24 Rajashtan GST Act 2017 explains Compulsory registration in certain cases and is covered in Chapter VI Registration ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection of tax on intra-State supply of goods… Read More »

Section 23 Rajashtan GST Act 2017- Persons not liable for registration

By | May 8, 2017

Section 23 Rajashtan GST Act 2017 Section 23 Rajashtan GST Act 2017 explains Persons not liable for registration and is covered in Chapter VI Registration ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection of tax on intra-State supply of goods… Read More »

Section 22 Rajashtan GST Act 2017-Persons liable for registration

By | May 8, 2017

Section 22 Rajashtan GST Act 2017 Section 22 Rajashtan GST Act 2017 explains Persons liable for registration and is covered in Chapter VI Registration ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection of tax on intra-State supply of goods or… Read More »

Section 21 Rajashtan GST Act 2017 – Manner of recovery of credit distributed in excess

By | May 8, 2017

Section 21 Rajashtan GST Act 2017 Section 21 Rajashtan GST Act 2017 explains Manner of recovery of credit distributed in excess and is covered in Chapter V Input Tax Credit ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection of… Read More »

Section 20 Rajashtan GST Act 2017 – Manner of distribution of credit by Input Service Distributor

By | May 8, 2017

Section 20 Rajashtan GST Act 2017 Section 20 Rajashtan GST Act 2017 explains Manner of distribution of credit by Input Service Distributor and is covered in Chapter V Input Tax Credit ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection… Read More »