Daily Archives: January 25, 2018

Notification No 5/2018 Union Territory Tax (Rate) : Exempt Central Government’s share of profit petroleum

By | January 25, 2018

Notification No 5/2018 Union Territory Tax (Rate) Exempt Central Government’s share of profit petroleum  vide Notification No 5/2018 Union Territory Tax (Rate) Dated 25th January, 2018 [TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance (Department of Revenue) Notification No. 5/2018-Union Territory Tax (Rate)… Read More »

Notification No 4/2018 Union Territory Tax (Rate) : Exempt Certain Services from GST

By | January 25, 2018

Notification No 4/2018 Union Territory Tax (Rate) Seeks to amend notification No. 12/2017- Union Territory Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018. vide Notification No 4/2018 Union Territory Tax (Rate) Dated 25th January, 2018 [TO BE PUBLISHED IN THE GAZZETE… Read More »

Notification No 3/2018 Union Territory Tax (Rate) : renting of immovable property by Govt to Registered Person : GST on RCM basis

By | January 25, 2018

Notification No 3/2018 Union Territory Tax (Rate) Seeks to amend notification No. 13/2017- Union Territory Tax (Rate) so as to specify services supplied by the Central Government, State Government, Union territory or local authority by way of renting of immovable property to a registered person under CGST Act, 2017 to be taxed under Reverse Charge… Read More »

Notification No 2/2018 Union Territory Tax (Rate) : Exempt Certain Services from GST

By | January 25, 2018

Notification No 2/2018 Union Territory Tax (Rate) Seeks to amend notification No. 12/2017- Union Territory Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018 vide Notification No 2/2018 Union Territory Tax (Rate) Dated 25th January, 2018 [TO BE PUBLISHED IN THE GAZZETE… Read More »

Notification No 1/2018 Union Territory Tax (Rate) : UTGST Rates on Services Amended

By | January 25, 2018

Notification No 1/2018 Union Territory Tax (Rate) Seeks to amend notification No. 11/2017- Union Territory Tax (Rate) so as to notify UTGST rates of various services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018. vide Notification No 1/2018 Union Territory Tax (Rate) Dated 25th January, 2018 [TO BE PUBLISHED… Read More »

Notification No 6/2018 Integrated Tax (Rate) : exempt from GST on royalty and license fee

By | January 25, 2018

Notification No 6/2018 Integrated Tax (Rate) Seeks to exempt royalty and license fee from Integrated tax to the extent it is paid on the consideration attributable to royalty and license fee included in transaction value under Rule 10(1)(c) of Customs Valuation (Determination of value of imported Goods) Rules, 2007 vide Notification No 6/2018 Integrated Tax… Read More »

Notification No 5/2018 Integrated Tax (Rate) : Exempt from GST Central Government’s share of Profit Petroleum

By | January 25, 2018

Notification No 5/2018 Integrated Tax (Rate) Seeks to exempt Central Government’s share of Profit Petroleum from Integrated tax vide Notification No 5/2018 Integrated Tax (Rate) Dated 25th January, 2018 [TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance (Department of Revenue) Notification No. 5/2018-Integrated… Read More »

Notification No 4/2018 Integrated Tax (Rate) : GST on transfer of development right

By | January 25, 2018

Notification No 4/2018 Integrated Tax (Rate) Seeks to provide special procedure with respect to payment of tax by registered person supplying service by way of construction against transfer of development right and vice versa.  vide Notification No 4/2018 Integrated Tax (Rate) Dated 25th January, 2018 [TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II,… Read More »

Notification No 3/2018 Integrated Tax (Rate) :renting of immovable property by Govt under Reverse Charge Mechanism

By | January 25, 2018

Notification No 3/2018 Integrated Tax (Rate) Seeks to amend notification No. 10/2017- Integrated Tax (Rate) so as to specify services supplied by the Central Government, State Government, Union territory or local authority by way of renting of immovable property to a registered person under CGST Act, 2017 to be taxed under Reverse Charge Mechanism (RCM) … Read More »

Notification No 2/2018 Integrated Tax (Rate) ; Exempt Certain Services

By | January 25, 2018

Notification No 2/2018 Integrated Tax (Rate) Seeks to amend notification No. 9/2017- Integrated Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018  vide Notification No 2/2018 Integrated Tax (Rate) Dated 25th January, 2018 [TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY,… Read More »

Notification No 1/2018 Integrated Tax (Rate) : IGST Rates on certain services amendmed

By | January 25, 2018

Notification No 1/2018 Integrated Tax (Rate) Seeks to amend notification No. 8/2017- Integrated Tax (Rate) so as to notify IGST rates of various services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018. vide Notification No 1/2018 Integrated Tax (Rate) Dated 25th January, 2018 [TO BE PUBLISHED IN THE GAZZETE… Read More »

Notification No 5/2018 Central Tax (Rate): exempt from GST : Central Government’s share of Profit Petroleum

By | January 25, 2018

Notification No 5/2018 Central Tax (Rate) Seeks to exempt Central Government’s share of Profit Petroleum from Central tax vide Notification No 5/2018 Central Tax (Rate) Dated 25thJanuary, 2018 [TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance (Department of Revenue) Notification No. 5/2018-Central Tax… Read More »

Notification No 4/2018 Central Tax (Rate) : GST on transfer of development right

By | January 25, 2018

Notification No 4/2018 Central Tax (Rate) Seeks to provide special procedure with respect to payment of tax by registered person supplying service by way of construction against transfer of development right and vice versa. vide Notification No 4/2018 Central Tax (Rate) Dated 25thJanuary, 2018 [TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II, SECTION 3,… Read More »

Notification No 3/2018 Central Tax (Rate) : Renting of Immovable property by Govt Taxable under Reverse Charge

By | January 25, 2018

Notification No 3/2018 Central Tax (Rate) Summary of Notification No 3/2018 Central Tax (Rate) Seeks to amend notification No. 13/2017- Central Tax (Rate) so as to specify services supplied by the Central Government, State Government, Union territory or local authority by way of renting of immovable property to a registered person under CGST Act, 2017 to… Read More »

Notification No 2/2018 Central Tax (Rate) : Exempt certain Services

By | January 25, 2018

Notification No 2/2018 Central Tax (Rate) Seeks to amend notification No. 12/2017- Central Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018. vide Notification No 2/2018 Central Tax (Rate) Dated 25th January, 2018 [TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART… Read More »

Notification No 1/2018 Central Tax (Rate) ; Rates on certain Services – amendment

By | January 25, 2018

Notification No 1/2018 Central Tax (Rate) Seeks to amend notification No. 11/2017- Central Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018. vide Notification No 1/2018 Central Tax (Rate) Dated 25thJanuary, 2018 [TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II,… Read More »

Section 30 of Nagaland GST Act 2017 : Revocation of cancellation of registration

By | January 25, 2018

Section 30 of Nagaland GST Act 2017 ( Section 30 of Nagaland GST Act 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… Read More »

Section 29 of Nagaland GST Act 2017 : Cancellation of registration

By | January 25, 2018

Section 29 of Nagaland GST Act 2017 ( Section 29 of Nagaland GST Act 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… Read More »

Section 28 of Nagaland GST Act 2017 : Amendment of registration

By | January 25, 2018

Section 28 of Nagaland GST Act 2017 ( Section 28 of Nagaland GST Act 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… Read More »

Section 27 of Nagaland GST Act 2017 : Special provisions relating to casual taxable person and non- resident taxable person.

By | January 25, 2018

Section 27 of Nagaland GST Act 2017 ( Section 27 of Nagaland GST Act 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… Read More »

Section 26 of Nagaland GST Act 2017 : Deemed registration

By | January 25, 2018

Section 26 of Nagaland GST Act 2017 ( Section 26 of Nagaland GST Act 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 this… Read More »

Section 25 of Nagaland GST Act 2017 : Procedure for registration

By | January 25, 2018

Section 25 of Nagaland GST Act 2017 ( Section 25 of Nagaland GST Act 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… Read More »

Section 24 of Nagaland GST Act 2017 : Compulsory registration in certain cases.

By | January 25, 2018

Section 24 of Nagaland GST Act 2017 ( Section 24 of Nagaland GST Act 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 Act,- (i) persons making… Read More »

Section 23 of Nagaland GST Act 2017 : Persons not liable for registration

By | January 25, 2018

Section 23 of Nagaland GST Act 2017 ( Section 23 of Nagaland GST Act 2017 explains Persons not liable for registration and is covered in CHAPTER VI: REGISTRATION ) Persons not liable for registration  23. (1) The following persons shall not be liable to registration, namely:–– (a) any person engaged exclusively in the business of supplying goods or services or both… Read More »

Section 22 of Nagaland GST Act 2017 : Persons liable for registration

By | January 25, 2018

Section 22 of Nagaland GST Act 2017 ( Section 22 of Nagaland GST Act 2017 explains Persons liable for registration and is covered in CHAPTER VI: REGISTRATION ) Persons liable for registration  22. (1) Every supplier making a taxable supply of goods or services orboth in the State, shall be liable to be registered under this Act ifhis aggregate turnover in a… Read More »

Section 21 of Nagaland GST Act 2017 : Manner of recovery of credit distributed in excess

By | January 25, 2018

Section 21 of Nagaland GST Act 2017 ( Section 21 of Nagaland GST Act 2017 explains Manner of recovery of credit distributed in excess and is covered in CHAPTER V: INPUT TAX CREDIT ) Manner of recovery of credit distributed in excess 21. Where the Input Service Distributor distributes the credit in contravention of the provisions contained in section 20 resulting… Read More »

 Section 20 of Nagaland GST Act 2017 : Manner of distribution of credit by Input Service Distributor

By | January 25, 2018

Section 20 of Nagaland GST Act 2017 ( Section 20 of Nagaland GST Act 2017 explains  Manner of distribution of credit by Input Service Distributor and is covered in CHAPTER V: INPUT TAX CREDIT )  Manner of distribution of credit by Input Service Distributor 20. (1) The Input Service Distributor shall distribute the credit of State tax as State tax or integrated tax and integrated… Read More »

Section 19 of Nagaland GST Act 2017 : Taking input tax credit in respect of inputs and capital goods sent for job work.

By | January 25, 2018

Section 19 of Nagaland GST Act 2017 ( Section 19 of Nagaland GST Act 2017 explains  Taking input tax credit in respect of inputs and capital goods sent for job work and is covered in CHAPTER V: INPUT TAX CREDIT )  Taking input tax credit in respect of inputs and capital goods sent for job work. 19. (1) The principal shall,… Read More »

Section 18 of Nagaland GST Act 2017 : Availability of credit in special circumstances.

By | January 25, 2018

Section 18 of Nagaland GST Act 2017 ( Section 18 of Nagaland GST Act 2017 explains Availability of credit in special circumstances and is covered in CHAPTER V: INPUT TAX CREDIT )  Availability of credit in special circumstances. 18. (1) Subject to such conditions and restrictions as may be prescribed– (a) a person who has applied for registration under this Act… Read More »