Monthly Archives: December 2017

Section 9 of Meghalaya GST Act 2017 : Levy and Collection

By | December 12, 2017

Section 9 of Meghalaya GST Act 2017 ( Section 9 of Meghalaya GST Act 2017 explains Levy and Collection  and is covered in Chapter III : LEVY AND COLLECTION OF TAX) Levy and Collection 9. (1) Subject to the provisions of sub-section (2), there shall be levied a tax called the Meghalaya Goods and Services Tax on all intra-State supplies of… Read More »

Section 8 of Meghalaya GST Act 2017 : Tax liability on composite and mixed supplies

By | December 12, 2017

Section 8 of Meghalaya GST Act 2017 ( Section 8 of Meghalaya GST Act 2017 explains Tax liability on composite and mixed supplies  and is covered in Chapter III : LEVY AND COLLECTION OF TAX) Tax liability on composite and mixed supplies 8. The tax liability on a composite or a mixed supply shall be determined in the following… Read More »

Section 7 of Meghalaya GST Act 2017 : Scope of supply

By | December 12, 2017

Section 7 of Meghalaya GST Act 2017 ( Section 7 of Meghalaya GST Act 2017 explains Scope of supply  and is covered in Chapter III : LEVY AND COLLECTION OF TAX) Scope of supply 7. (1) For the purposes of this Act, the expression “supply” includes— (a) all forms of supply of goods or services or both such as sale,… Read More »

Section 6 of Meghalaya GST Act 2017 : Authorisation of officers of central tax as proper officer in certain circumstances

By | December 12, 2017

Section 6 of Meghalaya GST Act 2017 ( Section 6 of Meghalaya GST Act 2017 explains Authorisation of officers of central tax as proper officer in certain circumstances  and is covered in Chapter II : ADMINISTRATION) Authorisation of officers of central tax as proper officer in certain circumstances 6. (1) Without prejudice to the provisions of this Act, the… Read More »

Section 5 of Meghalaya GST Act 2017 : Powers of officers

By | December 12, 2017

Section 5 of Meghalaya GST Act 2017 ( Section 5 of Meghalaya GST Act 2017 explains Powers of officers  and is covered in Chapter II : ADMINISTRATION) Powers of officers 5. (1) Subject to such conditions and limitations as the Commissioner may impose, an officer of State tax may exercise the powers and discharge the duties conferred or imposed on him under this… Read More »

Section 4 of Meghalaya GST Act 2017 : Appointment of officers

By | December 12, 2017

Section 4 of Meghalaya GST Act 2017 ( Section 4 of Meghalaya GST Act 2017 explains Appointment of officers  and is covered in Chapter II : ADMINISTRATION) Appointment of officers 4. (1) The Government may, in addition to the officers as may be notified by the Government under section 3, appoint such persons as it may think fit to… Read More »

6th Pre-Budget Consultation Meeting of FM with IT (Hardware &Software) Group

By | December 12, 2017

The Union Finance Minister Shri Arun Jaitley holds his 6th Pre-Budget Consultation Meeting with Stakeholders from IT (Hardware &Software) Group;Highlights the steps taken by the present Government to make India a global hub for electronics manufacturing;  IT Sector Heads seek help from Government against Protectionist Policies; also seek Tax incentives for growth of the sector… Read More »

USA IRS : Notice 2017-74: Section 5000A Guidance for Individuals with No Available Marketplace Bronze-Level Plan

By | December 11, 2017

Issue Number:    N-2017-74 Inside This Issue Notice 2017-74  provides that Individuals who are not eligible for coverage under an eligible employer-sponsored plan and who lack access to affordable coverage should not be denied the use of the affordability exemption under § 5000A(e)(1) of the Code and § 1.5000A-3(e) of the Regulations merely because they reside in… Read More »

USA IRS : Get to Know the Taxpayer Bill of Rights – Part 2

By | December 11, 2017

Issue Number:    IRS Tax Tip 2017-89 Get to Know the Taxpayer Bill of Rights – Part 2 This is the final tip in a two-part summary of the rights granted to all taxpayers. Every taxpayer has rights. The Taxpayer Bill of Rights takes these rights from the tax code and groups them into 10 categories. Taxpayers interacting with… Read More »