Daily Archives: December 16, 2017

Section 60 of Meghalaya GST Act 2017 : Provisional Assessment

By | December 16, 2017

Section 60 of Meghalaya GST Act 2017 ( Section 60 of Meghalaya GST Act 2017 explains Provisional Assessment and is covered in Chapter XII : ASSESSMENT) Provisional Assessment 60. (1) Subject to the provisions of sub-section (2), where the taxable person is unable to determine the value of goods or services or both or determine the rate of tax… Read More »

Section 59 of Meghalaya GST Act 2017 : Self-Assessment

By | December 16, 2017

Section 59 of Meghalaya GST Act 2017 ( Section 59 of Meghalaya GST Act 2017 explains Self-Assessment and is covered in Chapter XII : ASSESSMENT) Self-Assessment 59. Every registered person shall self assess the taxes payable under this Act and furnish a return for each tax period as specified under section 39. Meghalaya GST Act 2017 Meghalaya GST Notifications… Read More »

Section 58 of Meghalaya GST Act 2017 : Utilisation of Fund

By | December 16, 2017

Section 58 of Meghalaya GST Act 2017 ( Section 58 of Meghalaya GST Act 2017 explains Utilisation of Fund and is covered in Chapter XI : REFUNDS) Utilisation of Fund 58. (1) All sums credited to the Fund shall be utilised by the Government for the welfare of the consumers in such manner as may be prescribed. (2) The… Read More »

Section 57 of Meghalaya GST Act 2017 : Consumer Welfare Fund

By | December 16, 2017

Section 57 of Meghalaya GST Act 2017 ( Section 57 of Meghalaya GST Act 2017 explains Consumer Welfare Fund and is covered in Chapter XI : REFUNDS) Consumer Welfare Fund 57. The Government shall constitute a Fund, to be called the Consumer Welfare Fund and there shall be credited to the Fund, — (a) the amount of tax referred… Read More »

Section 56 of Meghalaya GST Act 2017 : Interest on delayed refunds

By | December 16, 2017

Section 56 of Meghalaya GST Act 2017 ( Section 56 of Meghalaya GST Act 2017 explains Interest on delayed refunds and is covered in Chapter XI : REFUNDS) Interest on delayed refunds 56. If any tax ordered to be refunded under sub-section (5) of section 54 to any applicant is not refunded within sixty days from the date of… Read More »

Sovereign Gold Bond Scheme 2017-18 Issue Price 

By | December 16, 2017

Sovereign Gold Bond Scheme 2017-18 Issue Price  Government of India, in consultation with the Reserve Bank of India, had floated Series III of Sovereign Gold Bonds 2017-18, for a period from October 09, 2017 to December 27, 2017 (with subscription period Monday to Wednesday every week). The Bonds will be issued on the succeeding Monday… Read More »

FM hold 7th Pre-Budget Consultation Meeting with Banks and Financial Institutions

By | December 16, 2017

The Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley holds his 7th Pre-Budget Consultation Meeting with the representatives of the Banks and Financial Institutions (FIs) in national capital today; FM: In order to strengthen the banks, which are the key pillars of the economy, the Central Government has decided to take a massive… Read More »

special package for employment generation in leather and footwear sector approved by Govt

By | December 16, 2017

Cabinet approves special package for employment generation in leather and footwear sector  The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the special package for employment generation in leather and    footwear sector. The package involves implementation of Central Sector Scheme “Indian Footwear, Leather & Accessories Development Programme” with an approved expenditure of… Read More »

Govt to bear digital transaction Charges of debit card/BHIM UPI/AePS transactions

By | December 16, 2017

Cabinet approves subsidizing MDR charges on debit card/BHIM UPI/AePS transactions of value less than Rs.2000  The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved that the Merchant Discount Rate (MDR) applicable on all debit card/BHIM UPI/ Aadhaar enabled Payment System (AePS) transactions upto and including a value of Rs. 2000 will be… Read More »