Daily Archives: January 11, 2018

Benami Properties of more than Rs. 3,500 crore attached by income Tax Department

By | January 11, 2018

Ministry of Finance Income Tax Department steps-up actions under Prohibition of Benami Property Transactions Act : Benami properties of more than Rs. 3,500 crore in more than 900 cases attached Posted On: 11 JAN 2018 12:54PM by PIB Delhi Due to intensive efforts undertaken by the Income Tax Department, provisional attachment has been made in… Read More »

FAQ’s and MCQ’s on GST Released by ICAI Indirect Tax Committee (January 2018)

By | January 11, 2018

FAQ’s and MCQ’s on GST (January, 2018) GST, a single biggest tax reform in the history of India is a destination based tax pervasively impacting ever sphere of business like supply chain, IT system, accounting, cash flow, credits, product pricing, compliances, legal contact etc. Hassle free implementation of GST calls for endeavors from both the… Read More »

USA IRS : Steps to help people protect their data from thieves

By | January 11, 2018

Steps to help people protect their data from thieves Taxpayers can follow a few simple to protect your personal and financial data online and at home steps. Criminals continue to steal large amounts of personal data of taxpayers and tax preparers. Thieves use this information to file fraudulent tax returns or commit other crimes to impersonate victims. All taxpayers… Read More »

Schedule I of Mizoram GST Act 2017 : Activities to be treated as supply even if made without consideration

By | January 11, 2018

Schedule I of Mizoram GST Act 2017 ( Schedule I of  Mizoram GST Act 2017 explains Activities to be treated as supply even if made without consideration ) SCHEDULE I [See section 7] ACTIVITIES TO BE TREATED AS SUPPLY EVEN IF MADE WITHOUT CONSIDERATION 1. Permanent transfer or disposal of business assets where input tax credit has been… Read More »

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

By | January 11, 2018

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

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

By | January 11, 2018

Schedule II of Mizoram GST Act 2017 ( Schedule II of  Mizoram GST Act 2017 explains Activities to be treated as supply of goods or supply of services ) SCHEDULE II [See section 7] 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… Read More »

Section 174 of Mizoram GST Act 2017 : Repeal and saving

By | January 11, 2018

Section 174 of Mizoram GST Act 2017 ( Section 174 of  Mizoram GST Act 2017 explains Repeal and saving and is covered in Chapter XXI : MISCELLANEOUS Repeal and saving 174. (1) Save as otherwise provided in this Act, on and from the date of commencement of this Act, (i) The Mizoram (Sales of Petroleum and Petroleum Products, including Motor Spirit… Read More »

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

By | January 11, 2018

Section 173 of Mizoram GST Act 2017 ( Section 173 of  Mizoram GST Act 2017 explains Amendment of certain Acts and is covered in Chapter XXI : MISCELLANEOUS Amendment of certain Acts 173. Save as otherwise provided in this Act, on and front the date of commencement of this Act,- Omissions, substitutions and insertions in the Acts to be… Read More »

Section 172 of Mizoram GST Act 2017 : Removal of difficulties

By | January 11, 2018

Section 172 of Mizoram GST Act 2017 ( Section 172 of  Mizoram GST Act 2017 explains Removal of difficulties and is covered in Chapter XXI : MISCELLANEOUS 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 a… Read More »

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

By | January 11, 2018

Section 171 of Mizoram GST Act 2017 ( Section 171 of  Mizoram GST Act 2017 explains Anti-profiteering Measure and is covered in Chapter XXI : MISCELLANEOUS 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 way… Read More »

Section 169 of Mizoram GST Act 2017 : Service of notice in certain circumstances

By | January 11, 2018

Section 169 of Mizoram GST Act 2017 ( Section 169 of  Mizoram GST Act 2017 explains Service of notice in certain circumstances and is covered in Chapter XXI : MISCELLANEOUS ) Service of notice in certain circumstances 169. (1) Any decision, order, summons, notice or other communication under this Act or the rules made thereunder shall be served by… Read More »

Section 168 of Mizoram GST Act 2017 : Power to issue instructions or directions

By | January 11, 2018

Section 168 of Mizoram GST Act 2017 ( Section 168 of  Mizoram GST Act 2017 explains Power to issue instructions or directions and is covered in Chapter XXI : MISCELLANEOUS Power to issue instructions or directions 168. The Commissioner may, if he considers it necessary or expedient so to do for the purpose of uniformity in the implementation of this Act,… Read More »

Section 167 of Mizoram GST Act 2017 : Delegation of powers

By | January 11, 2018

Section 167 of Mizoram GST Act 2017 ( Section 167 of  Mizoram GST Act 2017 explains  Delegation of powers and is covered in Chapter XXI : MISCELLANEOUS  Delegation of powers 167. The Commissioner may, by notification, direct that subject to such conditions, if any, as may be specified in the notification, any power exercisable by any authority or officer… Read More »

Section 165 of Mizoram GST Act 2017 : Power to make regulations

By | January 11, 2018

Section 165 of Mizoram GST Act 2017 ( Section 165 of  Mizoram GST Act 2017 explains Power to make regulations and is covered in Chapter XXI : MISCELLANEOUS  Power to make regulations 165. The Government may, by notification, make regulations consistent with this Act and the rules made thereunder to carry out the provisions of this Act. Mizoram GST Act 2017… Read More »

Section 166 of Mizoram GST Act 2017 : Laying of rules, regulations and notifications

By | January 11, 2018

Section 166 of Mizoram GST Act 2017 ( Section 166 of  Mizoram GST Act 2017 explains Laying of rules, regulations and notifications and is covered in Chapter XXI : MISCELLANEOUS  Laying of rules, regulations and notifications 166. Every rule made by the Government, everyregulation made by the Government and every notification issued by the Government under this Act, shall be laid,… Read More »

Section 164 of Mizoram GST Act 2017 : Power of Government to make rules

By | January 11, 2018

Section 164 of Mizoram GST Act 2017 ( Section 164 of  Mizoram GST Act 2017 explains Power of Government to make rules and is covered in Chapter XXI : MISCELLANEOUS  Power of Government to make rules 164. (1) The Government may, on the recommendations of the Council, by notification, make rules for carrying out the provisions of this Act.… Read More »

Section 162 of Mizoram GST Act 2017 : Bar on jurisdiction of civil courts

By | January 11, 2018

Section 162 of Mizoram GST Act 2017 ( Section 162 of  Mizoram GST Act 2017 explains Bar on jurisdiction of civil courts and is covered in Chapter XXI : MISCELLANEOUS Bar on jurisdiction of civil courts 162. Save as provided in sections 117 and 118, no civil court shall have jurisdiction to deal with or decide any question arising… Read More »

Section 161 of Mizoram GST Act 2017 : Rectification of errors apparent on the face of record

By | January 11, 2018

Section 161 of Mizoram GST Act 2017 ( Section 161 of  Mizoram GST Act 2017 explains Rectification of errors apparent on the face of record and is covered in Chapter XXI : MISCELLANEOUS Rectification of errors apparent on the face of record 161. Without prejudice to the provisions of section 160, and notwithstanding anything contained in any other provisions… Read More »

Section 160 of Mizoram GST Act 2017 : Assessment proceedings, etc. not to be invalid on certain grounds

By | January 11, 2018

Section 160 of Mizoram GST Act 2017 ( Section 160 of  Mizoram GST Act 2017 explains Assessment proceedings, etc. not to be invalid on certain grounds and is covered in Chapter XXI : MISCELLANEOUS Assessment proceedings, etc. not to be invalid on certain grounds 160. (1) No assessment, re-assessment, adjudication, review, revision, appeal, rectification, notice, summons or other proceedings… Read More »

Section 159 of Mizoram GST Act 2017 : Publication of information in respect of persons in certain cases

By | January 11, 2018

Section 159 of Mizoram GST Act 2017 ( Section 159 of  Mizoram GST Act 2017 explains Publication of information in respect of persons in certain cases and is covered in Chapter XXI : MISCELLANEOUS Publication of information in respect of persons in certain cases 159. (1) If the Commissioner, or any other officer authorised by him in this behalf,… Read More »

Section 158 of Mizoram GST Act 2017 : Disclosure of information by a public servant

By | January 11, 2018

Section 158 of Mizoram GST Act 2017 ( Section 158 of  Mizoram GST Act 2017 explains Disclosure of information by a public servant and is covered in Chapter XXI : MISCELLANEOUS Disclosure of information by a public servant 158. (1) All particulars contained in any statement made, return furnished or accounts or documents produced in accordance with this Act,… Read More »

Section 157 of Mizoram GST Act 2017 : Protection of action taken under this Act

By | January 11, 2018

Section 157 of Mizoram GST Act 2017 ( Section 157 of  Mizoram GST Act 2017 explains Protection of action taken under this Act and is covered in Chapter XXI : MISCELLANEOUS Protection of action taken under this Act 157. (1) No suit, prosecution or other legal proceedings shall lie against the President, State President, Members, officers or other employees… Read More »

Section 156 of Mizoram GST Act 2017 : Persons deemed to be public servants

By | January 11, 2018

Section 156 of Mizoram GST Act 2017 ( Section 156 of  Mizoram GST Act 2017 explains Persons deemed to be public servants and is covered in Chapter XXI : MISCELLANEOUS Persons deemed to be public servants 156. All persons discharging functions under this Act shall be deemed to be public servants within the meaning of section 21 of the… Read More »

Section 154 of Mizoram GST Act 2017 : Power to take samples

By | January 11, 2018

Section 154 of Mizoram GST Act 2017 ( Section 154 of  Mizoram GST Act 2017 explains Power to take samples and is covered in Chapter XXI : MISCELLANEOUS Power to take samples 154. The Commissioner or an officer authorised by him may take samples of goods from the possession of any taxable person, where he considers it necessary, and… Read More »

Section 153 of Mizoram GST Act 2017 : Taking assistance from an expert

By | January 11, 2018

Section 153 of Mizoram GST Act 2017 ( Section 153 of  Mizoram GST Act 2017 explains Taking assistance from an expert and is covered in Chapter XXI : MISCELLANEOUS Taking assistance from an expert 153. Any officer not below the rank of Assistant Commissioner may, having regard to the nature and complexity of the case and the interest of… Read More »

Section 152 of Mizoram GST Act 2017 : Bar on disclosure of information

By | January 11, 2018

Section 152 of Mizoram GST Act 2017 ( Section 152 of  Mizoram GST Act 2017 explains Bar on disclosure of information and is covered in Chapter XXI : MISCELLANEOUS Bar on disclosure of information 152 . (1) No information of any individual return or part thereof with respect to any matter given for the purposes of section 150 or… Read More »

Section 151 of Mizoram GST Act 2017 : Power to collect statistics

By | January 11, 2018

Section 151 of Mizoram GST Act 2017 ( Section 151 of  Mizoram GST Act 2017 explains Power to collect statistics and is covered in Chapter XXI : MISCELLANEOUS Power to collect statistics 151 . (1) The Commissioner may, if he considers that it is necessary so to do, by notification, direct that statistics may be collected relating to any… Read More »