Hotels in a Complex
Posted Date : 08-Oct-2013 , 12:35:27 pm | Posted By: CASANSAAR
As part of the Budgetexercise2013, the exemption for services provided by specified restaurants extended videserial number19 ofNotification 25/2012-STwas modified vide para 1 (iii) ofNotification 3/2013-ST. This has become operational on the 1stof April, 2013.
2. In this context, representations have been received. On the doubts andquestionsraised therein clarifications are as follows:
Doubts
Clarifications
1.
In a complex where air conditioned as well as non-air c...
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Service Tax |
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Amends exchange rate notification no. 100/2013-Customs (NT), w.e.f. 04th October, 2013
Posted Date : 04-Oct-2013 , 07:29:45 pm | Posted By: CASANSAAR
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3, SUB-SECTION (ii), EXTRAORDINARY]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF EXCISE AND CUSTOMS
NotificationNo.103/2013-Customs (N.T.)
Dated the 3rdOctober, 2013
11Asvina, 1935(SAKA)
S.O.(E). – In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (De...
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Custom |
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DVAT Regarding filing of Stock Statement
Posted Date : 04-Oct-2013 , 07:27:15 pm | Posted By: CASANSAAR
CIRCULAR NO. I3 of 2013-14
In continuation to this department's Notification No. F.7{433)/PolicyII/VAT//2012/PF/ 817-828 dated 23/09/2013 on the subject cited above, it ishereby clarified that the said notification merely withdraws the need forseparate filing of Stock-I statement online since it is to be filed in Annexure 1 Dalong with the 2nd quarter return for the year 2013-14 as notified videNotification No.F.3(16)/Fin.(Rev-I)/2013-14/dsVI/785 dated 20/09/2013. Therequirement for separate f...
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VAT |
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DVAT Notification regarding rate of tax on sun glasses.
Posted Date : 04-Oct-2013 , 07:24:26 pm | Posted By: CASANSAAR
Notification regarding rate of tax on sun glasses....
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VAT |
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Filing of DVAT online return for 2nd quarter of 2013-14 - extension of period thereof.
Posted Date : 02-Oct-2013 , 08:13:13 pm | Posted By: CASANSAAR
Return forms of regular and composition dealers have been recentlymodified vide Notification No F3(16)/Fin(Rev-I)/2013-14/dsVI/785 dated20/09/2013. In view of modifications and in exercise of the powers conferred underRule 49A of the Delhi Value Added Tax Rules,2005.
I, Prashant Goyal,Commissioner, Value Added Tax, do hereby extend the last date of online filing ofsecond quarter return for the year 2013-14, in Form DVAT-16 and DVAT-17.alongwith required annexures, and submission of hard copy ...
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VAT |
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Export Outstanding Statement (XOS) Online Bank wide Submission
Posted Date : 01-Oct-2013 , 07:04:48 pm | Posted By: CASANSAAR
RBI/2013-14/306A.P. (DIR Series) Circular No.60
October 01, 2013
To
All Category - I Authorized Dealer Banks
Madam / Sir,
Export Outstanding Statement (XOS)Online Bank wide Submission
Attention of Authorized Dealer Category – I (AD Category – I) banks is invited toA. P. (DIR Series) Circular No. 12 dated September 9, 2000in terms of which AD Category – I banks are required to furnish to the Regional Office concerned of the Reserve Bank, a consolidated statement in...
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FEMA |
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Share Linking to Borrowing Norm in Urban Co-operative Banks
Posted Date : 01-Oct-2013 , 07:02:49 pm | Posted By: CASANSAAR
RBI/2013-14/307UBD CO BPD (PCB) Cir. No. 25/09.18.200/2013-14
October 1, 2013
The Chief Executive OfficerAll Urban Co-operative Banks
Dear Sir / Madam,
Share Linking to Borrowing Norm in Urban Co-operative Banks
Please refer to the instructions contained in para 3 ofcircular UBD PCB Cir. No.4/ 09.18.201/2008-09 dated July 15, 2008on ‘Instruments for Augmenting Capital Funds – UCBs’ indicating the current regulatory prescriptions on share linking to borrowing viz. 2...
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RBI |
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ECB proceeds for acquisition of shares under the Government
Posted Date : 30-Sep-2013 , 06:41:06 pm | Posted By: CASANSAAR
RBI/2013-14/302A.P. (DIR Series) Circular No. 57
September 30, 2013
To
All Authorised Dealer Category – I Banks
Madam / Sir
External Commercial Borrowings (ECB) Policy – ECB proceeds for acquisition of shares under the Government’s disinvestment programme of PSUs - Clarification
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to theA.P. (DIR Series) Circular No. 5 dated August 1, 2005, relating to External Commercial Borrow...
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FEMA |
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Trade Credits for Imports into India
Posted Date : 30-Sep-2013 , 06:39:59 pm | Posted By: CASANSAAR
RBI/2013-14/301A. P. (DIR Series) Circular No. 56
September 30, 2013
To,
All Authorised Dealer Category - I Banks
Madam / Sir
Trade Credits for Imports into India – Review of all-in-cost ceiling
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to theA.P. (DIR Series) Circular No. 9 dated July 11, 2013relating to all-in-cost ceiling of Trade Credits for imports into India.
2. On a review it has been decided that the all-in-cost ceiling as specified u...
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FEMA |
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Treatment of certain savings bank accounts opened for credit of Scholarship amounts and credit of Direct Benefit Transfer under Government Schemes
Posted Date : 30-Sep-2013 , 06:38:54 pm | Posted By: CASANSAAR
RBI/2013-14/300UBD.BPD.(PCB)CIR No. 23/13.01.000/2013-14
September 30, 2013
The Chief Executive Officers ofAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Unclaimed Deposits/Inoperative Accounts in UCBs - Treatment ofcertain savings bank accounts opened for credit of Scholarshipamounts and credit of Direct Benefit Transfer under Government Schemes
Please refer toCircular No.UBD.BPD.(PCB)CIR.No.9/13.01.000/2013-14 dated September 1, 2008on unclaimed deposits/ inoperative accou...
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RBI |
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Performance Audit of Agricultural Debt Waiver & Debt Relief Scheme (ADWDRS), 2008 by CAG & Re-verification Exercise by the banks
Posted Date : 30-Sep-2013 , 06:37:36 pm | Posted By: CASANSAAR
RBI/2013-14/299UBD.BPD.(PCB)CIR No. 22 /13.05.006/2013-14
September 30, 2013
The Chief Executive Officers ofAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Performance Audit of Agricultural Debt Waiver & Debt Relief Scheme(ADWDRS), 2008 by CAG & Re-verification Exercise by the banks
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 a complete verification o...
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RBI |
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DAVT - Amendment in composition scheme 2013.
Posted Date : 30-Sep-2013 , 06:33:58 pm | Posted By: CASANSAAR
Whereas the Lt. Governor of the National Capital Territory of Delhi is of the opinionthat it is necessary in the interest of general public so to do.
Now, therefore, in exercise of the powers conferred by sub-section (12) of section 16 andclause(l) of sub-section (2) of section 102 of the Delhi Value Added Tax Act, 2004 (DelhiAct 3 of 2005) (hereinafter referred to as “the Act”) , the Lt. Governor of the National CapitalTerritory of Delhi, further amends certain provisions, partic...
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VAT |
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Extension of Income Tax Office Hours till 8.00 P.M.on 30th September 2013.
Posted Date : 30-Sep-2013 , 06:02:44 pm | Posted By: CASANSAAR
F-No. 225/117/2013/ITA.IIGovernment of IndiaMinistry of FinanceDepartment of Revenuecentral Board of Direct Taxes
North-Blocky ITA.11 DivisionNew Delhi, the 30thSeptember, 2013
Order
In order to facilitate assessees to comply with part (a) of CBDTs order in F.No.225/117/2013/ITA.II dated 26.09.2013, all CCsIT /DsGIT are hereby directed that all Income Tax Offices shall remain open till 8:00 p.m on 30thSeptember, 2013 for the convenience of taxpayers, who wish to file Report of Audit manua...
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Income Tax |
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Due-Date for Filing ROI for Gujarat Assessees Extended upto 14.10.2013
Posted Date : 30-Sep-2013 , 05:55:45 pm | Posted By: CASANSAAR
F.No. 225/117/2013/ITAIIGovernment of IndiaMinistryofFinanceDepartment of RevenueCentral Board of Direct Taxes
North-Block, ‘TAM DivisionNew Delhi,
the 30thSeptember, 2013
Order under Section 119 of the Income-tax Act. 1961
On consideration of reports of dislocation of general life caused due to recent heavy rains and floods in the State of Gujarat, the Central Board of Di.ect Taxes, in exercise of powers conferred under section 119 of the Income-tax Act, 1961, hereby extends t...
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Income Tax |
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Foreign Contribution (Regulation) Rule, 2011- Online Reporting of Receipt of Foreign Contribution by banks
Posted Date : 27-Sep-2013 , 06:37:51 pm | Posted By: CASANSAAR
RBI/2013-14/297UBD.BPD.(PCB) Cir.No.21/14.01.062/2013-14
September 27, 2013
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Foreign Contribution (Regulation) Rule, 2011- Online Reporting of Receipt of Foreign Contribution by banks – Primary (Urban) Cooperative Banks
Under Rule 16 of the Foreign Contribution (Regulation) Rule, 2011, banks have to report to Central Government any transaction in respect of receipt of foreign contributions. The ...
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RBI |
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Security and Risk Mitigation Measures for Card Present Transactions
Posted Date : 27-Sep-2013 , 06:36:47 pm | Posted By: CASANSAAR
RBI/2013-14/296DPSS (CO) PD No.719/02.14.011/2013-14
September 27, 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 our circularDPSS.PD.CO.No.513 / 02.14.003 /2011-2012 dated September 22, 2011on ...
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RBI |
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CBDT Notifies Rules For General Anti Avoidance Rules (GAAR)
Posted Date : 27-Sep-2013 , 07:43:05 am | Posted By: CASANSAAR
VideNotificationdated 23.09.2013 issued by the CBDT, Rules 10U to 10UC have been inserted in the Income-tax Rules, 1962 to provide for the entire procedure for monitoring the General Anti Avoidance Rules (GAAR). The relevant forms have also been notified. The said Rules will come into effect on 1st April 2016.——————————
NotificationNo. 75/2013, Date – 23thSeptember, 2013
S.O. 2887(E).- In exercise of the powers conferred by sect...
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Income Tax |
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Tax audit report due date for e-filing extended to 31.10.2013
Posted Date : 26-Sep-2013 , 08:12:15 pm | Posted By: CASANSAAR
F.No. 225/117/2013/ITA.II
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
Dated- 26th September, 2013
Order under Section 119 of the Income-tax Act. 1961.
CBDT in exercise of power under sec 119(2)(a) of the IT Act, 1961 read with Sec 139 and Rule 12, has decided to relax the requirement offurnishingthe Report of Auditelectronicallyas prescribed under the proviso to sub-rule (2) of Rule 12 of the IT Rules for the Assessment Year 2013-14 as u...
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Income Tax |
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Overseas Foreign Currency Borrowings by Authorised Dealer Banks
Posted Date : 25-Sep-2013 , 08:55:17 pm | Posted By: CASANSAAR
RBI/2013-14/293A.P. (DIR Series) Circular No. 54
September 25, 2013
To,
All Category - I Authorised Dealer Banks
Madam / Sir,
Overseas Foreign Currency Borrowings by Authorised Dealer Banks – Enhancement of limit
Attention of Authorised Dealer Category - I (AD Category – I) banks is invited toA. P. (DIR Series) Circular No. 40 dated September 10, 2013, in terms of which AD Category I banks were allowed to borrow beyond 50 per cent of their unimpaired Tier I capital subject, int...
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FEMA |
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Pernicious practices of select banks deterring customer protection and accounting integrity
Posted Date : 25-Sep-2013 , 08:53:57 pm | Posted By: CASANSAAR
RBI/2013-14/292DBS.CO.PPD No. 3578 /11.01.005/2013-14
September 17, 2013
The Chairman/Chief ExecutiveAll Scheduled Commercial Banks (Excluding RRBs) / Local Area Banks
Madam/Dear Sir,
Pernicious practices of select banks deterringcustomer protection and accounting integrity
Please refer to our circular DBS.CO.PPD No. 17882/11.01.005/2012-13 dated June 19, 2013, wherein we had observed certain disquieting features in certain practices/products prevalent/ offered by some of the banks. We had ...
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RBI |
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Export Credit in Foreign Currency
Posted Date : 25-Sep-2013 , 08:53:17 pm | Posted By: CASANSAAR
RBI/2013-14/291DBOD.Dir.BC.No. 57 /04.02.001/2013-14
September 25, 2013
All Scheduled Commercial Banks and Exim Bank(excluding RRBs)
Dear Sir/ Madam,
Export Credit in Foreign Currency
Banks extend export credit in Indian Rupees as well as in foreign currency, such as Pre Shipment Credit in Foreign Currency (PCFC) and Post Shipment Credit in Foreign Currency (PSCFC), as per their own internal lending policies within the overall regulatory framework prescribed by the Reserve Bank.
2. It is o...
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RBI |
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Trade Credits for Import into India
Posted Date : 24-Sep-2013 , 08:41:23 pm | Posted By: CASANSAAR
RBI/2013-14/290A.P. (DIR Series) Circular No. 53
September 24, 2013
To,
All Category - I Authorised Dealer Banks
Madam / Sir,
Trade Credits for Import into India
Attention of Authorized Dealer Category - I (AD Category - I) banks is invited toA.P. (DIR Series) Circular No. 87 dated April 17, 2004,A.P. (DIR Series) Circular No. 24 dated November 01, 2004,A.P. (DIR Series) Circular No. 28 dated September 11, 2012andA.P. (DIR Series) Circular No. 59 dated December 14, 2012regarding Trade Cred...
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FEMA |
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Procedure to Track Non-Filers of Income-tax Returns
Posted Date : 24-Sep-2013 , 08:44:04 am | Posted By: CASANSAAR
Instruction No. 14/2013, Dated – 23rd of September, 2013
Subject: StandardOperating Procedurefor cases under Non-filersMonitoring System(‘NMS’)-regarding
The existing procedure for monitoring cases of ‘Non-Filers of IT Returns’ as identified by Director General of Income, Tax (System) has been examined by the Board. It is felt that at present, cases of non-filers are not being uniformly monitored by the Assessing Officers due to lack of consistency in approach i...
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Income Tax |
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Issue Tax refund for AY 2011-12 without further delay
Posted Date : 23-Sep-2013 , 09:41:20 pm | Posted By: CASANSAAR
F.No. 380/112013-IT(B).
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi, the 20th September, 2013
To
All the CCslT (CCA)
Sir/Madam,
Subject: Central Action Plan for F.Y. 2013-14-Pending Refunds for AY 2011-12-reg.
It is seen from the data available on AST that refunds for AY 2011-12 are pending. These need to be issued at the earliest. The same had been conveyed during the lastVideoConference on 23.08.2013, but the progress so f...
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Income Tax |
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filing of stock statement in Form Stock 1 online for the stock available on 31st March for any year, stands withdrawn with immediate effect.
Posted Date : 23-Sep-2013 , 09:20:07 pm | Posted By: CASANSAAR
In consonance with the Notification No.F.3(16)/Fin.(Rev-I)/2013-2014/dsVI/785dated 20/09/2013 regarding revised Form DVAT-16 prescribed by the Government, I,Prashant Goyal, Commissioner, Value Added Tax, Government of National Capital Territory ofDelhi, in exercise of the powers conferred on me under sub-section (1) read with sub-section(3) of section 70 of Delhi Value Added Tax Act, 2004 (Delhi Act 3 of 2005), do hereby notifythat the Notification No. 7(433)/Policy-II/VAT/2012/PF/472-483 dated ...
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VAT |
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Notification DVAT (Third Amendment) Rules, 2013
Posted Date : 22-Sep-2013 , 10:40:42 pm | Posted By: CASANSAAR
No.F.3(16)/Fin.(Rev-I)/2013-14 .– In exercise of the powers conferred by section102 of the Delhi Value Added Tax Act, 2004 (Delhi Act 3 of 2005), the Lt. Governor of theNational Capital Territory of Delhi, hereby, makes the following rules further to amend theDelhi Value Added Tax Rules, 2005, namely:-...
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VAT |
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Delhi Tax Compliance Achievement Scheme, 2013
Posted Date : 22-Sep-2013 , 10:37:44 pm | Posted By: CASANSAAR
Whereas the Lt. Governor of National Capital Territory of Delhi is of the opinion thatit is necessary in the interest of general public so to do.
Now, therefore, in exercise of the powers conferred by section 107 of the Delhi ValueAdded Tax Act, 2004 (Delhi Act 3 of 2005) (hereinafter referred to as “the Act”), the Lt.Governor of National Capital Territory of Delhi, hereby provides for the Delhi TaxCompliance Achievement Scheme, 2013, subject to fulfilling the eligibility conditions...
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VAT |
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Notification Central Form 1 under The Central Sales Tax (Delhi) Rules 2005
Posted Date : 22-Sep-2013 , 10:35:36 pm | Posted By: CASANSAAR
No.F.3(16)/Fin.(Rev-I)/2013-14/ .- In exercise of the powers conferred by subsections 3 and 4 of section 13 of the Central Sales tax Act,1956 (Act No. 74 of 1956), and all otherpowers enabling it in this behalf, the Lt. Governor of the National Capital Territory of Delhi, hereby,makes the following rules further to amend the Central Sales Tax (Delhi) Rules, 2005, namely
RULES
1. Short title and commencement.- (1) These rules may be called the Central Sales Tax [(Delhi)(Second Amendment)] Rules...
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VAT |
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CBDT Modifies Norms For Compulsary Scrutiny Of Cases In FY 2013-14
Posted Date : 21-Sep-2013 , 12:28:49 pm | Posted By: CASANSAAR
InstructionNo. 13/2013
F.No. 225/107/2013/ /ITA.II
To,
All Chief Commissioners of Income-taxAll Directors-General of Income-tax
Sir/Madam,
Subject: Compulsory Manual Selection of cases for scrutiny during the F. Yr. 2013-14 – regd:
I am directed to state that Instruction No. 10 of 2013, dated 5-8-2013 of CBDT on the above captioned subject is partially modified as under:-
2. In Para 3, after clause (i), following clause(s) have been inserted:-
(j) Cases where registration...
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Income Tax |
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Export of Goods and Services
Posted Date : 20-Sep-2013 , 07:45:15 pm | Posted By: CASANSAAR
RBI/2013-14/286A.P. (DIR Series) Circular No. 51
September 20, 2013
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Export of Goods and Services – Project Exports
Attention of Authorized Dealers (AD) is invited toA. P. (DIR Series) Circular No. 32 dated October 28, 2003in terms of which Memorandum of Instructions on Project and Service Exports (PEM) had been revised andA. P. (DIR Series) Circular No. 118 dated June 26, 2013in terms of which the time limit to submit form DPX ...
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FEMA |
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