Daily Archives: December 10, 2017

IBBI notify Regulations for handling of Grievances and Complaints under Insolvency and Bankruptcy code 2016

By | December 10, 2017

The Insolvency and Bankruptcy Board of India (IBBI) notifies Regulations for handling of Grievances and Complaints.  The Insolvency and Bankruptcy Board of India (IBBI) has notified the IBBI (Grievance and Complaint Handling Procedure) Regulations, 2017 in the Gazette of India on 7th December, 2017. The Regulations enable a Stakeholder, namely, debtor, creditor, claimant, service provider, resolution applicant… Read More »

50 Crores of Demonetized Currency recovered ! fine Could be Rs 245 crores.

By | December 10, 2017

Dri Strikes Against Black Money – Recovers about Rs.50 Crores of Demonetized Currency Sleuths of the Directorate of Revenue Intelligence (DRI), a pioneer Intelligence Agency of the Government of India, zeroed in on an office premises at Bharuch in Gujarat State and recovered about Rs. 48.91 crores of demonetised currency in Rs. 500 and Rs.1,000… Read More »

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

By | December 10, 2017

Schedule III of Manipur GST Act 2017 ( Schedule III of Manipur GST Act 2017 explains Activities for transactions which shall be treated neither as a supply of goods nor a supply of services  ) SCHEDULE III [See section 7] ACTIVITIES FOR TRANSACTIONS WHICH SHALL BE TREATED NEITHER AS A SUPPLY OF GOODS NOR A SUPPLY OF SERVICES 1. Services… Read More »

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

By | December 10, 2017

Schedule II of Manipur GST Act 2017 ( Schedule II of Manipur GST Act 2017 explains Activities to be treated as supply of goods or supply of services   ) SCHEDULE II [See section7] 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 of… Read More »

Schedule I of Manipur GST Act 2017 : Activities to be treated as supply even if made with out consideration

By | December 10, 2017

Schedule I of Manipur GST Act 2017 ( Schedule I of Manipur GST Act 2017 explains ACTIVITIES TO BE TREATED AS SUPPLY EVEN IF MADE WITH OUT CONSIDERATION  ) SCHEDULE I [See section 7] ACTIVITIES TO BE TREATED AS SUPPLY EVEN IF MADE WITH OUT CONSIDERATION 1. Permanent transfer or disposal of business assets where input tax… Read More »

Section 174 of Manipur GST Act 2017 : Repeal and saving

By | December 10, 2017

Section 174 of Manipur GST Act 2017 ( Section 174 of Manipur GST Act 2017 explains Repeal and saving and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) Repeal and saving 174. (1) Save as otherwise provided in this Act, on and from the date of commencement of this Act, (i) the Manipur Value Added Tax Act, 2004 (6… Read More »

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

By | December 10, 2017

Section 173 of Manipur GST Act 2017 ( Section 173 of Manipur GST Act 2017 explains Amendment of certain Acts and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) Amendment of certain Acts 173. Save as otherwise provided in this Act, on and from the date of commencement of this Act-in the Manipur Municipalities Act, 1994 (43 of 1994),… Read More »

Section 172 of Manipur GST Act 2017 : Removal of difficulties

By | December 10, 2017

Section 172 of Manipur GST Act 2017 ( Section 172 of Manipur GST Act 2017 explains Removal of difficulties and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) 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, by a general or… Read More »

Section 171 of Manipur GST Act 2017 : Anti-profiteering Measure

By | December 10, 2017

Section 171 of Manipur GST Act 2017 ( Section 171 of Manipur GST Act 2017 explains Anti-profiteering Measure and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) 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 to the recipient by… Read More »

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

By | December 10, 2017

Section 170 of Manipur GST Act 2017 ( Section 170 of Manipur GST Act 2017 explains Rounding off of tax etc. and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) 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 other sum due, under… Read More »