Daily Archives: July 4, 2017

Continuous Listing Requirement – period increased to 4 years – Securities Contracts (Regulation) (Third Amendment) Rules 2017.

By | July 4, 2017

Summary  : By Following Notification Govt has amended Proviso to Rule 19A of Securities Contracts (Regulation) Rules, 1957 : Relevant Extract is reproduced below : – [Continuous Listing Requirement. 19A. (1) Every listed company 36[***] shall maintain public shareholding of at least twenty five per cent : Provided that every listed public sector company which has public shareholding below… Read More »

GST Seva kendra Contact Details in India

By | July 4, 2017

GST Seva kendra Contact Details Download GST Seva kendra Contact Details  of Followings :- Contact Details of GST Seva Kendra Bengaluru Contact Details of GST Seva Kendra Bhubaneswar Contact Details of GST Seva Kendra Chennai Contact Details of GST Seva Kendra Guwahati Contact Details of GST Seva Kendra Hyderabad Contact Details of GST Seva Kendra Jaipur… Read More »

GST Bond / LUT furnishing procedure for Exporter : Circular No. 2/2/2017-GST Dated 4th July 2017

By | July 4, 2017

Circular No. 2/2/2017-GST Prescribing procedure for submission of Bond / LUT for exports under Rule 96A of CGST Rules, 2017  vide Circular No. 2/2/2017-GST Dated 4th July 2017 F. No. 349/82/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs GST Policy Wing New Delhi, Dated the 4 thJuly, 2017… Read More »

GST Mythys : Debunking

By | July 4, 2017

GST Mythys Related Topic on GST Topic Click Link GST Acts  Central GST Act and States GST Acts     GST Rules GST Rules   GST Rates GST Rates     GST Notifications GST Act Notifications   GST Circulars Central Tax Circulars / Orders   GST Press Release GST Press Release   GST Books Best… Read More »

GST rate for specified items for Physically Challenged Persons

By | July 4, 2017

Some questions are raised about GST rates fixed for specific devices for physically challenged persons. This matter is explained here in below. Assistive devices and rehabilitation aids for physically challenged persons, listed below, have been kept at the concessional 5% GST rate: 1)                 Braille writers and braille writing instruments; 2)                 Handwriting equipment like Braille Frames, Slates, Writing… Read More »

Ban on Cash receipt of Rs 2 Lakhs Shall apply on one Instalment of Loan for NBFC – Circular No. 22 of 2017 [ Income Tax ] Dated 03rd July, 2017

By | July 4, 2017

Circular No. 22 of 2017 [ Income Tax ] Dated 03rd July, 2017 Summary : The receipt of one instalment of loan repayment in respect of a loan shall constitute a ‘single transaction’ as specified in clause (b) of section 269ST of the Act and all the instalments paid for a loan shall not be aggregated for… Read More »

Taxmann’s GST Tariff with Commodities / Services Index – 4th Edition 2017

By | July 4, 2017

Taxmann’s GST Tariff with Commodities/Services Index Taxmann’s GST Tariff with Commodities Index (w.e.f. 1-7-2017) – July 2017 Incorporating: GST Tariff Notifications GST Exemption Notifications GST rates for Goods with HSN Code GST Rates for Services Services under Reverse Charge Exemption to Services Commodities Index Case Laws/Department Clarifications Price Rs 1375 Click to buy Online CONTENTS… Read More »

CORRIGENDUM Dated 3rd July 2017 clariyfing No. 50/2017-Customs

By | July 4, 2017

CORRIGENDUM Dated 3rd July 2017 for No. 50/2017-Customs CORRIGENDUM New Delhi, the 3rd July, 2017 G.S.R. 824(E).—In the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 50/2017-Customs, dated the 30th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.… Read More »

Amendment in notification no. 28/2002-central excise vide Notification No. 20/2017-Central Excise Dated 3rd July, 2017

By | July 4, 2017

Notification No. 20/2017-Central Excise Dated 3rd July, 2017 Seeks to amend notification no. 28/2002-central excise dated 13th may 2002. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 3rd July, 2017 No. 20/2017-Central Excise G.S.R. 823(E).—In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944),… Read More »

Amendment in Tariff Value Notification No. 62/2017-Custom : Notification No. 69/2017-Customs (N.T.)

By | July 4, 2017

Notification No. 69/2017-Customs (N.T.) Dated 1st July, 2017 Notification for further amendment in CBEC Tariff Value Notification No. 62/2017-Customs (N.T.) dated 30.06.2017 Vide  Notification No. 69/2017-Customs (N.T.) Dated 1st July, 2017 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF EXCISE AND CUSTOMS) NOTIFICATION New Delhi, the 1st July, 2017 No. 69/2017-Customs (N.T.) S.O. 2064(E).—In exercise of… Read More »

CORRIGENDUM Dated 1st July, 2017 clarifying No. 50/2017-Customs

By | July 4, 2017

CORRIGENDUM New Delhi, the 1st July, 2017 G.S.R. 817(E).—In the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 50/2017-Customs, dated the 30th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 785(E), dated the 30th June, 2017,— (i) at… Read More »

Rescind notification no.16/2010-central excise – Notification  No. 19/2017-Central Excise Dated 1st July, 2017

By | July 4, 2017

Notification  No. 19/2017-Central Excise Dated 1st July, 2017 Seeks to rescind notification no.16/2010-central excise dated 27th february 2010  vide Notification  No. 19/2017-Central Excise Dated 1st July, 2017 NOTIFICATION New Delhi, the 1st July, 2017 No. 19/2017-Central Excise G.S.R. 816(E).—In exercise of the powers conferred by sub-section (3) of section 3A of the Central Excise Act, 1944 (1… Read More »

Exemption from additional duties of excise for 7th Schedule Goods – Notification No. 18/2017- Central Excise Dated 1st July 2017

By | July 4, 2017

Notification  No. 18/2017-Central Excise Dated 1st July, 2017 Seeks to provide exemption to all goods mentioned in the seventh schedule to the finance act,2005 from whole of the additional duties of excise leviable thereon vide Notification  No. 18/2017-Central Excise Dated 1st July, 2017 NOTIFICATION New Delhi, the 1st July, 2017 No. 18/2017-Central Excise G.S.R. 815(E).—In exercise of… Read More »

Notification No No. 62/2017 – Customs Dated 1st July, 2017

By | July 4, 2017

Notification No No. 62/2017 – Customs Dated 1st July, 2017 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 1st July, 2017 No. 62/2017 – Customs G.S.R. 814(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is… Read More »

Section 269ST Income Tax Act 1961 : Finance Act 2017

By | July 4, 2017

Section  269ST Income-tax Act, 1961 – FA, 2017  [Section 269ST Income-tax Act 1961 Inserted by the Finance Act, 2017, w.e.f. 1-4-2017. ] Mode of undertaking transactions. 269ST. No person shall receive an amount of two lakh rupees or more— (a)          in aggregate from a person in a day; or (b)          in respect of a single… Read More »

List of Persons who can receive Cash Payment of Rs 2 Lakh or more – 269ST : CBDT Notification No. 57 /2017/F. No. 370142/10/2017-TPL 3rd July, 2017

By | July 4, 2017

Notification No. 57 /2017 /F. No. 370142/10/2017-TPL Dated 3rd July, 2017 Summary : CBDT Notify person on whom provisions of Section 269 ST of Income Tax does not apply Vide Notification No. 57 /2017/F. No. 370142/10/2017-TPL Dated 3rd July, 2017 given below  . MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 3rd July, 2017 S.O.… Read More »

Section 40 Bihar GST Act 2017 : First Return

By | July 4, 2017

Section 40 Bihar GST Act 2017 [ Section 40 of Bihar GST Act 2017  explains First Return  and is covered in Chapter IX – Returns   ]  First Return 40. Every registered person who has made outward supplies in the period between the date on which he became liable to registration till the date on which registration has been granted shall… Read More »

Section 39 Bihar GST Act 2017 : Furnishing of returns

By | July 4, 2017

Section 39 Bihar GST Act 2017 [ Section 39 of Bihar GST Act 2017  explains Furnishing of returns  and is covered in Chapter IX – Returns   ]  Furnishing of returns 39. (1) Every registered person, other than an Input Service Distributor or a non-resident taxable person or a person paying tax under the provisions of section 10 or section 51… Read More »

Section 38 Bihar GST Act 2017 : Furnishing details of inward supplies.

By | July 4, 2017

Section 38 Bihar GST Act 2017 [ Section 38 of Bihar GST Act 2017  explains Furnishing details of inward supplies  and is covered in Chapter IX – Returns   ]  Furnishing details of inward supplies. 38. (1) Every registered person, other than an Input Service Distributor or a non-resident taxable person or a person paying tax under the provisions of section… Read More »

Section 37 Bihar GST Act 2017 : Furnishing details of outward supplies

By | July 4, 2017

Section 37 Bihar GST Act 2017 [ Section 37 of Bihar GST Act 2017  explains Furnishing details of outward supplies and is covered in Chapter IX – Returns   ]    Furnishing details of outward supplies 37. (1) Every registered person, other than an Input Service Distributor, a non-resident taxable person and apers on paying tax under the provisions of section… Read More »

Section 36 Bihar GST Act 2017 : Period of retention of accounts

By | July 4, 2017

Section 36 Bihar GST Act 2017 [ Section 36 of Bihar GST Act 2017  explains Period of retention of accounts and is covered in Chapter VIII – Accounts And Records   ]  Period of retention of accounts 36. Every registered person required to keep and maintain books of account or other records in accordance with the provisions of sub-section (1) of section… Read More »

Section 35 Bihar GST Act 2017 : Accounts and other records

By | July 4, 2017

Section 35 Bihar GST Act 2017 [ Section 35 of Bihar GST Act 2017  explains Accounts and other records  and is covered in Chapter VIII – Accounts And Records   ]    Accounts and other records 35 . (1) Every registered person shall keep and maintain, at his principal place of business, as mentioned in the certificate of registration, a true and correct… Read More »

Section 33 Bihar GST Act 2017  : Amount of tax to be indicated in tax invoice and other documents

By | July 4, 2017

Section 33 Bihar GST Act 2017 [ Section 33 of Bihar GST Act 2017  explains Amount of tax to be indicated in tax invoice and other documents  and is covered in Chapter VII – Tax Invoice, Credit And Debit Notes  ]  Amount of tax to be indicated in tax invoice and other documents 33. Notwithstanding anything contained in this Act or… Read More »

Section 32 Bihar GST Act 2017 : Prohibition of unauthorised collection of tax

By | July 4, 2017

Section 32 Bihar GST Act 2017 [ Section 32 of Bihar GST Act 2017  explains Prohibition of unauthorised collection of tax  and is covered in Chapter VII – Tax Invoice, Credit And Debit Notes  ]  Prohibition of unauthorised collection of tax 32. (1) A person who is not a registered person shall not collect in respect of any supply of goods… Read More »

Section 30 Bihar GST Act 2017 : Revocation of cancellation of registration

By | July 4, 2017

Section 30 Bihar GST Act 2017 [ Section 30 of Bihar GST Act 2017  explains Revocation of cancellation of registration  and is covered in Chapter VI – Registration   ]  Revocation of cancellation of registration 30. (1) Subject to such conditions as may be prescribed, any registered person, whose registration is cancelled by the proper officer on his own motion, may apply… Read More »