Regarding Service Tax Voluntary Compliance Encouragement Scheme
Posted Date : 27-Nov-2013 , 08:02:48 am | Posted By: CASANSAAR
Circular No.174/9/2013 – ST
F.No.B1/19/2013-TRU
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
(Tax Research Unit)
North Block
New Delhi, 25thNovember, 2013
To,
Chief Commissioners of Central Excise and Customs (All),
Director General (Service Tax), Director General (Central Excise Intelligence),Director General (Audit),
Commissioners of Service Tax (All)
Commissioners of Central Excise (All),
...
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Service Tax |
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Charges Levied by Banks for Sending SMS Alerts
Posted Date : 26-Nov-2013 , 09:26:18 pm | Posted By: CASANSAAR
RBI/2013-14/381DBOD. No. Dir. BC. 67/13.10.00/2013-14
November 26, 2013
All Scheduled Commercial Banks(Excluding RRBs)
Dear Sir/ Madam
Charges Levied by Banks for Sending SMS Alerts
Please refer to paragraph 37 of the Second Quarter Review of Monetary Policy Statement 2013-14 announced on October 29, 2013 (extract enclosed) on ‘Customer Service- Charges Levied by Banks for Sending SMS Alerts’.
2. In this connection, a reference is also invited to ourcircular DBOD. No. Dir. BC. ...
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RBI |
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Security and Risk Mitigation Measures for Card Present Transactions
Posted Date : 26-Nov-2013 , 06:02:13 pm | Posted By: CASANSAAR
RBI/2013 -14/380DPSS (CO) PD No.1164/ 02.14.003/2013-14
November 26, 2013
The Chairman and Managing Director / Chief Executive OfficersAll Scheduled Commercial Banks including RRBs / Urban Co-operative Banks /State Co-operative Banks / District Central Co-operative Banks/Authorised Card Payment Networks
Madam / Dear Sir,
Security and Risk Mitigation Measures for Card Present Transactions
A reference is invited to ourcircular dated September 22, 2011 on security issues and risk mitigation me...
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RBI |
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DVAT - DISPOSAL OF REFUNDS
Posted Date : 25-Nov-2013 , 07:31:38 pm | Posted By: CASANSAAR
All dealers whose refund claims are pending and their returns for the year2009-10 onwards involve central sale/sock transfer against statutory forms arehereby directed to file information online for the pending statutory forms/declarationin Block R 10 of CST return Form 1 by 30thNovember, 2013 for the year 2009-10and by 31stDecember, 2013 for the year 2010-11, 2011-12 and 2012-13 in order tohelp process the refund claims expeditiously. Receipt of the information so filed canbe obtained from the ...
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VAT |
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Financing of Infrastructure - Definition of \'Infrastructure Lending\'
Posted Date : 25-Nov-2013 , 07:28:37 pm | Posted By: CASANSAAR
RBI/2013-14/378DBOD.BP.BC.No.66/08.12.014/2013-14
November 25, 2013
All Scheduled Commercial Banks(excluding RRBs) andAll India Term-Lending and Refinancing Institutions(EXIM Bank, NABARD, NHB and SIDBI)
Dear Sir,
Financing of Infrastructure - Definition of 'Infrastructure Lending'
Please refer to ourcircular DBOD.BP.BC.No.58/08.12.014/2012-13 dated November 20, 2012on ‘Definition of Infrastructure Lending’ harmonising the RBI definition of Infrastructure Lending with that of ...
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RBI |
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MVAT : Correction of mistakes made by the dealers or miscellaneous refunds of excess payment of taxes
Posted Date : 25-Nov-2013 , 09:21:17 am | Posted By: CASANSAAR
TRADE CIRCULAR
No. VAT/Refund-Return/ACST (VAT-2), Mumbai Dated: -21/11/2013Trade Circular No. 7T of 2013
Sub.:- Correction of mistakes made by the dealers or miscellaneous refunds of excess paymentof taxes…
Ref: – Trade Circular No. 17T Dated 25.11.2011.
The payment of tax under MVAT Act, 2002 and CST Act, 1956 by way of e-payment was made mandatory from March, 2011. It has been reported to this office by some of the dealers and the Banks that they made certain mistakes while...
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VAT |
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ST Notification - Time limit prescribed for filing Form A-3 by SEZ Unit / SEZ Developer
Posted Date : 24-Nov-2013 , 05:58:21 pm | Posted By: CASANSAAR
Government of India
Ministry of Finance
(Department of Revenue)
Notification No. 15/ 2013-Service Tax
New Delhi, the 21stNovember, 2013
G.S.R…….(E).–In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the said Act) read with sub-section 3 of section 95 of Finance (No.2), Act, 2004 (23 of 2004) and sub-section 3 of section 140 of the Finance Act, 2007 (22 of 2007),the Central Govern...
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Service Tax |
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Overseas Foreign Currency Borrowings by Authorised Dealer Banks
Posted Date : 24-Nov-2013 , 09:03:11 am | Posted By: CASANSAAR
RBI/2013-14/377A.P. (DIR Series) Circular No. 77
November 22, 2013
To
All Category - I Authorised Dealer Banks
Madam / Sir
Overseas Foreign Currency Borrowings by Authorised Dealer Banks
Attention of AD category I banks is invited toAP (DIR Series) circulars no. 40 dated September 10, 2013read withAP (DIR Series) Circular no. 61 dated October 10, 2013in terms of which they were permitted to borrow from international/multilateral financial institutions up to 100 percent of their Tier-I capi...
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FEMA |
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Report on Trend and Progress of Banking in India – 2012-13
Posted Date : 22-Nov-2013 , 08:30:03 am | Posted By: CASANSAAR
TheReserve Bank of Indiatoday released the statutoryReporton Trend andProgressof Banking in India 2012-13. ThisReportpresents theperformance andsalient policy measures relating to the banking sector during 2012-13. TheReportalso provides an analysis of the co-operative banks and non-banking financial institutions.
The key messages of theReportare set out below:
Perspectives on theIndian BankingSector
The weakening domestic macroeconomic conditions combined with the continuing subdued glob...
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RBI |
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DVAT Filing of online return for 2nd quarter of 2013-14 – extension of period thereof.
Posted Date : 20-Nov-2013 , 10:19:51 pm | Posted By: CASANSAAR
In partial modification to this department’s Circulars No.18, 24 & 25 of 2013-14 onthe subject cited above and in exercise of the powers conferred under Rule 49A of the DelhiValue Added Tax Rules,2005, I, Prashant Goyal, Commissioner, Value Added Tax, dohereby extend the last date of online filing of second quarter return for the year 2013-14, inForm DVAT-16 ,DVAT-17 and DVAT-48 along with required annexures, and submission ofhard copy alongwith required enclosures as per schedule give...
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VAT |
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Date of filling of PVAT-20 is extended from 20.11.2013 to 25.11.2013.
Posted Date : 20-Nov-2013 , 08:19:53 pm | Posted By: CASANSAAR
On the demand by the Business community in general and Advocates inparticulars, the date of filling of VAT-20 is extended from 20.11.2013 to 25.11.2013....
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VAT |
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Performance Audit of Agricultural Debt Waiver & Debt Relief Scheme 2008
Posted Date : 20-Nov-2013 , 07:28:13 pm | Posted By: CASANSAAR
RBI/2013-14/376UBD.BPD. (PCB) CIR No.39 /13.05.006/2013-14
November 20, 2013
The Chief Executive Officers ofAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Performance Audit of Agricultural Debt Waiver & Debt Relief Scheme 2008
Please refer to ourCircular UBD.BPD. (PCB) Cir. No.40/13.05.006/2012-13 dated March 7, 2013, in terms of which Urban Co-operative Banks (UCBs) were advised to conduct complete verification of list of beneficiaries under ADWDRS, 2008 and take corrective ste...
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RBI |
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CBDT directs I-T Officers to adhere to Circular 1/2013 issued in relation to deductions under Secs. 10A, 10AA and 10B
Posted Date : 20-Nov-2013 , 04:49:22 pm | Posted By: CASANSAAR
A clarificatoryCircular No. 01/2013, dated 17-1-2013(hereinafter referred to as 'Circular') was issued by CBDT to address various contentious issues leading to tax disputes in cases of entities engaged in export of computer software which are availing tax-benefits under sections 10A, 10AA and 10B of the Income-tax Act, 1961.
2.Instances have been reported where the Assessing Officers are not following the clarifications so issued and are taking a divergent view even in cases where the clari...
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Income Tax |
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Clarification in respect of Circular No.5/2010 – F. No. 142/13/2010 –SO (TPL) dated 03.06.2010- regarding.
Posted Date : 20-Nov-2013 , 10:27:21 am | Posted By: CASANSAAR
Section 144C, providing for reference to Dispute Resolution Panel (DRP), was inserted in the Income-tax Act, 1961 by Finance (No.2) Act, 2009. Sub-section (1) of section 144C reads as under:
"The Assessing Officer shall, notwithstanding anything to the contrary contained in this Act, in the first instance, forward a draft of the proposed order of assessment (hereinafter in this section referred to as the draft order) to the eligible assessee if he proposes to make, on or after the 1st day of...
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Income Tax |
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Trade Credit for imports into India- Online submission of data on issuance of Guarantee/Letter of Undertaking (LoU)/Letter of Comfort (LoC) by ADs
Posted Date : 20-Nov-2013 , 10:23:03 am | Posted By: CASANSAAR
RBI/2013-14/374A.P. (DIR Series) Circular No. 75
November 19, 2013
ToAll Category - I Authorised Dealer Banks
Madam / Sir
Trade Credit for imports into India- Online submission of data on issuance of Guarantee/Letter of Undertaking (LoU) /Letter of Comfort (LoC) by ADs
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 87 dated April 17, 2004andA.P. (DIR Series) Circular No. 24 November 1, 2004relating to the Trade Credits for imports...
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FEMA |
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MCA clarification on applicability of Section 372A of of Companies Act, 1956
Posted Date : 20-Nov-2013 , 10:14:35 am | Posted By: CASANSAAR
Consequent tonotificationof Sec 185 of Companies Act 2013 (dealing withloans todirectors) and which is corresponding to Section 295 of the Companies Act, 1956, MCA has received several representations. Section 186 of the Companies Act, 2013 is yet to be notified.MCA has now clarified that Sec 372A of the Companies Act 1956 (dealing with inter-corporateloans) continues to remain in force till Sec 186 of Companies Act 2013 is notified. Text of theNotificationis as follows :-
GeneralCircular18/201...
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Corporate Laws |
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Regarding filing of Audit report by dealers having turnover of RS.10 crores or more during 2011-12 or 2012-13 in Form AR-1.
Posted Date : 18-Nov-2013 , 08:23:53 pm | Posted By: CASANSAAR
In continuation to Notification No.F.7( 420)/Policy/VAT/2011/1203-1213 dated 11/02/2013 regarding filing of Audit report by dealers having turnover of RS.10 crores or more during 2011-12 or 2012-13 in Form AR-1.
In continuation to Notification No.F.7(420)/Policy/VAT/2011/1203-1213 dated11/02/2013 regarding filing of Audit report by dealers having turnover of RS.10 crores ormore during 2011-12 or 2012-13 in Form AR-1, I, Prashant Goyal, Commissioner ValueAdded Tax, in exercise of the powers conf...
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Category :
VAT |
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Filing of online return for 2nd quarter of 2013-14 – extension of period thereof in respect of DVAT-48.
Posted Date : 18-Nov-2013 , 04:59:16 pm | Posted By: CASANSAAR
In partial modification to this department’s Circular No.18 of 2013-14 on the subject cited above and in exercise of the powers conferred under Rule49A of the Delhi Value Added Tax Rules, 2005, I, Prashant Goyal, Commissioner,Value Added Tax, do hereby extend the last date of online filing of second quarterreturn for the year 2013-14, in Form DVAT-48, alongwith required enclosures to20-11-2013....
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Category :
VAT |
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I-T Department lays down procedure to deal with e-returns held as ‘defective’ due to unpaid self-assessment tax
Posted Date : 18-Nov-2013 , 02:55:44 pm | Posted By: CASANSAAR
Kindly refer to the above (Ref : System Letter of even no., dated 22-10-2013), the first batch of PAN-wise data for AY 2013-14 for assessees who have not paid self-assessment-tax (Rs. 100/- or more) on the day of filing of their e-returns was placed on i-Taxnet (http://10.152.2.10/) in the following path :
Resources → Downloads → DIT_SYSTEMS → Unpaid Self-Assessment-Taxes in e-Returns of AY 2013-14
2.I have been directed to inform you that in view of the confusion regarding issu...
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Income Tax |
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UCBs - Undertaking of Activity as PAN Service Agent for providing PAN Issuance Services to its Customers by entering into tie-up with UTI Infrastructure and Technology Services Ltd
Posted Date : 14-Nov-2013 , 07:07:58 pm | Posted By: CASANSAAR
RBI/2013-14/371UBD.CO.BPD.(PCB) Cir No. 38/13.05.000/2013-14
November 14, 2013
The Chief Executive OfficersAll Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Undertaking of activity by the UCBs as PAN Service Agent (PSA) forproviding PAN issuance services to its customers by entering into tie-upwith UTI Infrastructure and Technology Services Ltd (UTIITSL)
We have been receiving requests from UCBs to allow them to undertake the activity of providing PAN issuance services to its custo...
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RBI |
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Advances guaranteed by Credit Risk Guarantee Fund Trust for Low Income Housing (CRGFTLIH) – Risk Weights and Provisioning
Posted Date : 14-Nov-2013 , 02:52:33 pm | Posted By: CASANSAAR
RBI/2013-14/370UBD.BPD.PCB.Cir No.37/09.22.010/2013-14
November 14, 2013
The Chief Executive Officer ofAll Primary (Urban) Co-operative Banks
Dear Sir / Madam,
Advances guaranteed by Credit Risk Guarantee Fund Trust for Low Income Housing (CRGFTLIH) – Risk Weights and Provisioning
The Ministry of Housing & Urban Poverty Alleviation, Government of India has set up the Credit Risk Guarantee Fund Trust for Low Income Housing (CRGFTLIH) vide their Notification No.O-17034/122/2009-H da...
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RBI |
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RAJ-VAT efiling date of 2nd qtr 2013-14 is extended upto 24 Nov 2013.
Posted Date : 14-Nov-2013 , 12:51:12 pm | Posted By: CASANSAAR
Last date of 2nd qtr 2013-14 to be furnished by the class of dealers covered under sub rule (5)(b) of rule 19 is extended upto 24 Nov 2013....
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VAT |
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Filing of records of equitable mortgages with the Central Registry
Posted Date : 12-Nov-2013 , 06:40:58 pm | Posted By: CASANSAAR
RBI/2013-14/369DNBS.(PD).CC.No.360 /03.10.001/2013-14
November 12, 2013
All NBFCs
Dear Sirs,
Filing of records of equitable mortgageswith the Central Registry
The Central Government in exercise of the powers conferred under Section 21 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, has notified on 31st March, 2011 the establishment of the Central Registry at New Delhi and entrusted the operations and administration of the Centra...
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RBI |
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DVAT Filing of online return for 2nd quarter of 2013-14 - extension of period thereof
Posted Date : 12-Nov-2013 , 08:28:59 am | Posted By: CASANSAAR
In partial modification to this department's Circular No.18 of 2013-14 onthe subject cited above and in exercise of the powers conferred under Rule 49A of the Delhi Value Added Tax Rules,2005, I, Prashant Goyal, Commissioner, ValueAdded Tax, do hereby extend the last date of online filing of second quarterreturn for the year 2013-14, in Form DVAT-16 and DVAT-17, alongwith required annexures, and submission of hard copy of acknowledgement in Form DVAT-56,as per schedule given below:...
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VAT |
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Foreign investment in India - participation by SEBI registered FIIs, QFIs and SEBI registered long term investors in credit enhanced bonds
Posted Date : 12-Nov-2013 , 08:19:22 am | Posted By: CASANSAAR
RBI/2013-14/368A. P. (DIR Series) Circular No.74
November 11, 2013
To
All Category-I Authorised Dealer Banks
Madam / Sir,
Foreign investment in India - participation by SEBI registered FIIs, QFIs and SEBI registered long term investors in credit enhanced bonds
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified videNotificatio...
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Category :
FEMA |
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Import of Gold by Nominated Banks /Agencies/Entities
Posted Date : 12-Nov-2013 , 08:18:35 am | Posted By: CASANSAAR
RBI/2013-14/367A. P. (DIR Series) Circular No.73
November 11, 2013
To
All Scheduled Commercial Banks which are Authorised Dealers (ADs) inForeign Exchange/ All Agencies nominated for import of gold
Madam / Sir,
Import of Gold by Nominated Banks /Agencies/Entities
Attention of Authorised Persons is drawn to the Reserve Bank’sA.P. (DIR Series) Circular No. 25 dated August 14, 2013on the captioned subject.
2. Government of India and the Reserve Bank of India have been receiving represe...
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Category :
FEMA |
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Foreign Direct Investment in Financial Sector – Transfer of Shares
Posted Date : 11-Nov-2013 , 05:15:26 pm | Posted By: CASANSAAR
RBI/2013-14/366A. P. (DIR Series) Circular No.72
November 11, 2013
To
All Category-I Authorised Dealer Banks
Madam / Sir,
Foreign Direct Investment in Financial Sector – Transfer of Shares
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Regulation 10(A)(v) of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified vide Notification No.FEMA.20/2000-RB dated May 3, 2000, as amended from ...
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FEMA |
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Regarding Exemption from payment of SAD to parts, components and accessories etc. of Mobile Handsets under Notification No. 21/2012-Cus, dated 17/03/2012-reg.
Posted Date : 11-Nov-2013 , 09:47:38 am | Posted By: CASANSAAR
Circular No. 43/2013-Customs
F.No.354/173/2013-TRU
Government of India
Ministry of Finance
(Department of Revenue)
Tax Research Unit
*****
New Delhi, dated the 8thNovember, 2013
To,
All Chief Commissioners of Customs.
All Chief Commissioners of Customs & Central Excise.
All Chief Commissioners of Central Excise.
All Directors General of CBEC.
Subject: Exemption from payment of SAD to parts, components and accessories etc. of Mobile Handsets under Notification No. 21/2012-Cus, ...
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Category :
Custom |
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Third party payments for export / import transactions
Posted Date : 11-Nov-2013 , 09:04:52 am | Posted By: CASANSAAR
RBI/2013-14/364A. P. (DIR Series) Circular No.70
November 8 , 2013
To
All Category-I Authorised Dealer Banks
Madam / Sir,
Third party payments for export / import transactions
Attention of Authorized Dealer Category – I banks is invited to various provisions ofFEMA Notification No. 14 dated May 3, 2000dealing with the manner of receipt & payment for trade transactions. Normally payment for exports has to be received from the overseas buyer named in the Export Declaration Form...
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Category :
FEMA |
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Amendment to the “Issue of Foreign Currency Convertible Bonds and Ordinary shares (Through Depository Receipt Mechanism) Scheme, 1993”
Posted Date : 11-Nov-2013 , 09:03:44 am | Posted By: CASANSAAR
RBI/2013-14/363A.P. (DIR Series) Circular No. 69
November 8, 2013
To
All Category – I Authorised Dealer Banks
Madam / Sir,
Amendment to the “Issue of Foreign Currency Convertible Bonds and Ordinary shares(Through Depository Receipt Mechanism) Scheme, 1993”
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No.11 dated September 5, 2005regarding issue of American Depository Receipts (ADRs)/ Global Depository Receipts (GD...
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Category :
FEMA |
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