Daily Archives: September 21, 2017

Exchange Rate of Foreign Currency w.e.f 22.09.2017

By | September 21, 2017

Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs No.84/2017-CUSTOMS (N.T.), dated  7thSeptember, 2017, except as respects things done or omitted to be done… Read More »

New PF Composite Declaration Form 11 (Aadhaar/ Non-Aadhaar) w.e.f 20.09.2017

By | September 21, 2017

Composite Declaration Form The EPFO has notified revised/ new version of single page Composite PF Declaration F-11 (Aadhaar/ Non-Aadhaar), applicable w.e.f. 20 Sept. 2017, which replaces the existing Form 11 and Form 13, as under: EPFO Order dt. 20 Sept. 2017 1. The Employees’ Provident Fund Organization has embarked upon next phase of e-governance reforms with… Read More »

Transfer of PF Balance – EPFO Revised Procedure : No Manual/ Amendment/2011/13326

By | September 21, 2017

No Manual/ Amendment/2011/13326 Dated 20.09.2017 The EPFO has notified revised/ new procedure for smooth and hassle free transfer of balance in PF accounts of Members, in the case of change in employment, applicable w.e.f. 20 Sept. 2017, as under: Revised Procedure for PF a/c Balance Transfer: CPFC (EPFO Order dt. 20 Sept. 2017) 1. In… Read More »

Section 50 Kerela GST Ordinance 2017 : Interest on delayed payment of tax

By | September 21, 2017

Section 50 Kerela GST Ordinance 2017 [ Section 50  Kerela GST Ordinance 2017 explains Interest on delayed payment of tax and is covered in CHAPTER X PAYMENT OF TAX ] Interest on delayed payment of tax 50. (1) Every person who is liable to pay tax in accordance with the provisions of this Ordinance or the rules made thereunder, but… Read More »

Section 49 Kerela GST Ordinance 2017 : Payment of tax, interest, penalty and other amounts

By | September 21, 2017

Section 49 Kerela GST Ordinance 2017 [ Section 49  Kerela GST Ordinance 2017 explains Payment of tax, interest, penalty and other amounts and is covered in CHAPTER X PAYMENT OF TAX ] Payment of tax, interest, penalty and other amounts 49. (1) Every deposit made towards tax, interest, penalty, fee or any other amount by a person by internet banking… Read More »

Section 48 Kerela GST Ordinance 2017 : Goods and services tax practitioners

By | September 21, 2017

Section 48 Kerela GST Ordinance 2017 [ Section 48  Kerela GST Ordinance 2017 explains Goods and services tax practitioners and is covered in CHAPTER IX RETURNS ] Goods and services tax practitioners 48. (1) The manner of approval of goods and services tax practitioners, their eligibility conditions, duties and obligations, manner of removal and other conditions relevant for their functioning… Read More »

Section 47 Kerela GST Ordinance 2017 : Levy of late fee

By | September 21, 2017

Section 47 Kerela GST Ordinance 2017 [ Section 47  Kerela GST Ordinance 2017 explains Levy of late fee and is covered in CHAPTER IX RETURNS ] Levy of late fee 47. (1) Any registered person who fails to furnish the details of outward or inward supplies required under section 37 or section 38 or returns required under section 39 or… Read More »

Section 46 Kerela GST Ordinance 2017 : Notice to return defaulters

By | September 21, 2017

Section 46 Kerela GST Ordinance 2017 [ Section 46  Kerela GST Ordinance 2017 explains Notice to return defaulters and is covered in CHAPTER IX RETURNS ] Notice to return defaulters 46. Where a registered person fails to furnish a return under section 39 or section 44 or section 45, a notice shall be issued requiring him to furnish such return… Read More »

Section 45 Kerela GST Ordinance 2017 : Final return

By | September 21, 2017

Section 45 Kerela GST Ordinance 2017 [ Section 45  Kerela GST Ordinance 2017 explains Final return and is covered in CHAPTER IX RETURNS ] Final return 45. Every registered person who is required to furnish a return under sub-section (1) of section 39 and whose registration has been cancelled shall furnish a final return within three months of the date… Read More »

Section 44 Kerela GST Ordinance 2017 : Annual return

By | September 21, 2017

Section 44 Kerela GST Ordinance 2017 [ Section 44 Kerela GST Ordinance 2017 explains Annual return and is covered in CHAPTER IX RETURNS ] Annual return 44. (1) Every registered person, other than an Input Service Distributor, a person paying tax under section 51 or section 52, a casual taxable person and a non-resident taxable person, shall furnish an annual… Read More »

Section 43 Kerela GST Ordinance 2017 : Matching, reversal and reclaim of reduction in output tax liability

By | September 21, 2017

Section 43 Kerela GST Ordinance 2017 [ Section 43 Kerela GST Ordinance 2017 explains Matching, reversal and reclaim of reduction in output tax liability and is covered in CHAPTER IX RETURNS ] Matching, reversal and reclaim of reduction in output tax liability 43. (1) The details of every credit note relating to outward supply furnished by a registered person (hereafter… Read More »

Section 42 Kerela GST Ordinance 2017 : Matching, reversal and reclaim of input tax credit

By | September 21, 2017

Section 42 Kerela GST Ordinance 2017 [ Section 42 Kerela GST Ordinance 2017 explains Matching, reversal and reclaim of input tax credit and is covered in CHAPTER IX RETURNS ] Matching, reversal and reclaim of input tax credit 42. (1) The details of every inward supply furnished by a registered person (hereafter in this section referred to as the “recipient”)… Read More »

Section 41 Kerela GST Ordinance 2017 : Claim of input tax credit and provisional acceptance thereof

By | September 21, 2017

Section 41 Kerela GST Ordinance 2017 [ Section 41 Kerela GST Ordinance 2017 explains Claim of input tax credit and provisional acceptance thereof and is covered in CHAPTER IX RETURNS ] Claim of input tax credit and provisional acceptance thereof 41. (1) Every registered person shall, subject to such conditions and restrictions as may be prescribed, be entitled to take… Read More »

Section 40 Kerela GST Ordinance 2017 : First Return

By | September 21, 2017

Section 40 Kerela GST Ordinance 2017 [ Section 40 Kerela GST Ordinance 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 declare the… Read More »

Section 39 Kerela GST Ordinance 2017 : Furnishing of returns

By | September 21, 2017

Section 39 Kerela GST Ordinance 2017 [ Section 39 Kerela GST Ordinance 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 or section… Read More »

Section 38 Kerela GST Ordinance 2017 : Furnishing details of inward supplies

By | September 21, 2017

Section 38 Kerela GST Ordinance 2017 [ Section 38 Kerela GST Ordinance 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 10 or… Read More »

Section 37 Kerela GST Ordinance 2017 : Furnishing details of outward supplies

By | September 21, 2017

Section 37 Kerela GST Ordinance 2017 [ Section 37 Kerela GST Ordinance 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 a person paying tax under the provisions of section 10 or section… Read More »

Section 36 Kerela GST Ordinance 2017 : Period of retention of accounts

By | September 21, 2017

Section 36 Kerela GST Ordinance 2017 [ Section 36 Kerela GST Ordinance 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 35 shall… Read More »

Section 35 Kerela GST Ordinance 2017 : Accounts and other records

By | September 21, 2017

Section 35 Kerela GST Ordinance 2017 [ Section 35 Kerela GST Ordinance 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 account of,— (a)… Read More »

Section 34 Kerela GST Ordinance 2017 : Credit and debit notes

By | September 21, 2017

Section 34 Kerela GST Ordinance 2017 [ Section 34 Kerela GST Ordinance 2017 explains Credit and debit notes  and is covered in CHAPTER VII TAX INVOICE, CREDIT AND DEBIT NOTES ] Credit and debit notes 34. (1) Where a tax invoice has been issued for supply of any goods or services or both and the taxable value or tax charged… Read More »

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

By | September 21, 2017

Section 33 Kerela GST Ordinance 2017 [ Section 33 Kerela GST Ordinance 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 Ordinance or any… Read More »

Section 32 Kerela GST Ordinance 2017 : Prohibition of unauthorised collection of tax

By | September 21, 2017

Section 32 Kerela GST Ordinance 2017 [ Section 32 Kerela GST Ordinance 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 or… Read More »

Section 31 Kerela GST Ordinance 2017 : Tax invoice

By | September 21, 2017

Section 31 Kerela GST Ordinance 2017 [ Section 31 Kerela GST Ordinance 2017 explains Tax invoice and is covered in CHAPTER VII TAX INVOICE, CREDIT AND DEBIT NOTES ] Tax invoice 31. (1) A registered person supplying taxable goods shall, before or at the time of, — (a) removal of goods for supply to the recipient, where the supply involves… Read More »

Section 30 Kerela GST Ordinance 2017 : Revocation of cancellation of registration

By | September 21, 2017

Section 30 Kerela GST Ordinance 2017 [ Section 30 Kerela GST Ordinance 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 to… Read More »

Section 29 Kerela GST Ordinance 2017 : Cancellation of registration

By | September 21, 2017

Section 29 Kerela GST Ordinance 2017 [ Section 29 Kerela GST Ordinance 2017 explains Cancellation of registration and is covered in CHAPTER VI REGISTRATION ] Cancellation of registration 29. (1) The proper officer may, either on his own motion or on an application filed by the registered person or by his legal heirs, in case of death of such person,… Read More »

Section 28 Kerela GST Ordinance 2017 : Amendment of registration

By | September 21, 2017

Section 28 Kerela GST Ordinance 2017 [ Section 28 Kerela GST Ordinance 2017 explains Amendment of registration and is covered in CHAPTER VI REGISTRATION ] Amendment of registration 28. (1) Every registered person and a person to whom a Unique Identity Number has been assigned shall inform the proper officer of any changes in the information furnished at the time of… Read More »

Section 27 Kerela GST Ordinance 2017 : Special provisions relating to casual taxable person and non- resident taxable person

By | September 21, 2017

Section 27 Kerela GST Ordinance 2017 [ Section 27 Kerela GST Ordinance 2017 explains Special provisions relating to casual taxable person and non- resident taxable person  and is covered in CHAPTER VI REGISTRATION ] Special provisions relating to casual taxable person and non- resident taxable person 27. (1) The certificate of registration issued to a casual taxable person or a… Read More »

Section 26 Kerela GST Ordinance 2017 : Deemed registration

By | September 21, 2017

Section 26 Kerela GST Ordinance 2017 [ Section 26 Kerela GST Ordinance 2017 explains Deemed registration  and is covered in CHAPTER VI REGISTRATION ] Deemed registration 26. (1) The grant of registration or the Unique Identity Number under the Central Goods and Services Tax Act shall be deemed to be a grant of registration or the Unique Identity Number under… Read More »

Section 25 Kerela GST Ordinance 2017 : Procedure for registration

By | September 21, 2017

Section 25 Kerela GST Ordinance 2017 [ Section 25 Kerela GST Ordinance 2017 explains Procedure for registration  and is covered in CHAPTER VI REGISTRATION ] Procedure for registration 25. (1) Every person who is liable to be registered under section 22 or section 24 shall apply for registration within thirty days from the date on which he becomes liable to… Read More »

Section 24 Kerela GST Ordinance 2017 : Compulsory registration in certain cases

By | September 21, 2017

Section 24 Kerela GST Ordinance 2017 [ Section 24 Kerela GST Ordinance 2017 explains Compulsory registration in certain cases and is covered in CHAPTER VI REGISTRATION ] Compulsory registration in certain cases 24. Notwithstanding anything contained in sub-section (1) of section 22, the following categories of persons shall be required to be registered under this Ordinance,— (i) persons making any… Read More »