G.S.R......(E).— In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said Act), the Central Government, on the recommendations of the Council, hereby makes the following amendment in the notification of Government of India in the Ministry of Finance, (Department of Revenue), No. 47/2019 – Central Tax dated the 9th October, 2019, published in the Gazette of India, Extraordinary, Part II, Sectio...

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Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes And Customs) New Delhi, Notification No. 76/2020 – Central Tax Dated: 15th October, 2020 G.S.R. 636(E).— In exercise of the powers conferred by section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), read with sub-rule (5) of rule 61 of the Central Goods and Services Tax Rules, 2017 (hereafter in this notificat...

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Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes And Customs) New Delhi, Notification No. 75/2020 – Central Tax Dated: 15th October, 2020 G.S.R. 635(E).—In exercise of the powers conferred by the second proviso to sub-section (1) of section 37 read with, section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), the Commissioner, on the recommendations...

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Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes And Customs) New Delhi, Notification No. 74/2020 – Central Tax Dated: 15th October, 2020 G.S.R. 634(E).—In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), the Central Government, on the recommendations of the Council, hereby notifies the registered persons having aggr...

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RBI/2020-2021/54 DoR.No.BP.BC.22/21.04.141/2020-21 October 12, 2020 All Commercial Banks Madam/ Sir, SLR holdings in HTM category Please refer to paragraph 2 ofStatement on Developmental and Regulatory Policies of the Monetary Policy Statement, 2020-21 dated October 9, 2020and ourcircular DoR.No.BP.BC.9/21.04.141/2020-21 dated September 1, 2020on the above subject. 2. Banks are permitted to exceed the limit of 25 per cent of the total investments under Held to Maturity (HTM) c...

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RBI/2020-21/53 DOR.No.BP.BC.23/21.06.201/2020-21 October 12, 2020 All Scheduled Commercial Banks (Including Small Finance Banks, Excluding Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Regulatory Retail Portfolio – Revised Limit for Risk Weight Please refer to paragraph 5 of theStatement on Developmental and Regulatory Policies dated October 9, 2020on the limit for regulatory retail portfolio. 2. In terms of para 5.9 on “Claims included in the Regula...

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RBI/2020-2021/52 IDMD.CDD.No.730/14.04.050/2020-21 October 9, 2020 The Chairman& Managing Director All Scheduled Commercial Banks, (Excluding RRBs) Designated Post Offices Stock Holding Corporation of India Ltd.(SHCIL) National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd. Dear Sir/Madam, Sovereign Gold Bond Scheme (SGB) 2020-21- Series VII, VIII, IX, X, XI, XII Government of India has vide itsNotification No F.No4.(4)-B (W&M)/2020 dated October 9, 20...

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RBI/2020-2021/50 A.P. (DIR Series) Circular No.03 October 09, 2020 To All Category - I Authorised Dealer Banks Madam / Sir, Export Data Processing and Monitoring System (EDPMS) Module for ‘Caution/De-caution Listing of Exporters’ - Review Please refer to Para 4 ofStatement on Development and Regulatory Policies issued on October 9, 2020. In this connection, attention of Authorised Dealer Category – I banks (AD banks) is invited to Para 3.1 of theAPDIR Circula...

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Clarification relating to application of sub-rule (4) of rule 36 of the CGST Rules, 2017 for the months of February, 2020 to August, 2020 – reg. Vide Circular No. 123/42/2019 – GST dated 11th November, 2019, various issues relating to implementation of sub-rule (4) of rule 36 of the Central Goods and Services Tax Rules, 2017 (hereinafter referred to as the CGST Rules) relating to availment of input tax credit (ITC) in respect of invoices or debit notes, the details of which have n...

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RBI/2020-21/48 DOR (PCB).BPD.Cir No.3/13.05.001/2020-21 October 7, 2020 The Managing Director / Chief Executive Officer All Primary (Urban) Co-operative Banks All State Co-operative Banks All District Central Co-operative Banks Dear Sir / Madam, Interest Subvention Scheme for MSMEs – Co-operative banks Government of India, Ministry of Micro, Small and Medium Enterprises (MSMEs) had announced the ‘Interest Subvention Scheme for MSMEs 2018’ on November 2, 2018 ...

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G.S.R. 610(E).—In exercise of the powers conferred by section 44AB, section 92E, clause (iv) of sub-section (2) of section 115BAA, sub-clause (iii) of clause (c) of sub-section (2) of section 115BAB, clause (iii) of sub-section (2), proviso to sub-section (3) and sub-section (5) of section 115BAC, clause (iii) of sub-section (2), proviso to sub-section (3) and sub-section (5) of section 115BAD read with section 295 the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes he...

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G.S.R......(E). - In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby notifies the registered persons required to prepare the tax invoice in the manner specified under sub-rule (4) of rule 48 of the Central Goods and Services Tax Rules, 2017, who have prepared tax invoice in a manner other than the said manner, as the class of persons who shall, during the period fro...

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G.S.R..605(E).—In exercise of the powers conferred by sub-section (3) and (4) of section 5, sub­section (1) of section 6 and clause (xxv) of section 20 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), read with sub-section (5) of section 15 and section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby makes the fo...

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G.S.R. 606(E).—In exercise of the powers conferred by sub-section (3) and (4) of section 7, sub­section (1) of section 8 and clause (iv) and clause (xxvii) of section 21 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017) read with sub-section (5) of section 15 and section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Counci...

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G.S.R. 604(E).—In exercise of the powers conferred by sub-section (3) and (4) of section 9, sub- section (1) of section 11, sub-section (5) of section 15 and section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Depa...

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G.S.R……(E). - In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017, namely:-...

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G.S.R.....(E).—In exercise of the powers conferred by sixth proviso to rule 46 of the Central Goods and Services Tax Rules, 2017, the Government, on the recommendations of the Council, hereby makes the following amendments in notification of the Government of India in the Ministry of Finance (Department of Revenue), No.14/2020 – Central Tax, dated the 21st March, 2020, published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i), vide number G.S.R. 197(E), dat...

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G.S.R.....(E).– In exercise of the powers conferred by sub-section (1) of section 44 of the Central Goods and Services Tax Act, 2017 (12 of 2017), read with rule 80 of the Central Goods and Services Tax Rules, 2017, the Commissioner, on the recommendations of the Council, hereby makes the following amendment in the notification of Government of India in the Ministry of Finance (Department of Revenue), No. 41/2020-Central Tax, dated the 5th May, 2020, published in the Gazette of India, Extr...

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G.S.R……(E). - In exercise of the powers conferred by sub-rule (4) of rule 48 of the Central Goods and Services Tax Rules, 2017, the Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 13/2020 – Central Tax, dated the 21st March, 2020, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number...

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The date for furnishing of Income-tax returns under section 139 of the Income-tax Act, 1961 (' Act') for the Assessment Year 2019-20 was 31 st March, 2020. However, on consideration of difficulties being faced by the taxpayers due to COVID-19 pandemic, the said date was initially extended to 30th June,2020 and subsequently to 31" July,2020 and 30'h September,2020 vide the Taxation and other laws (Relaxations of certain provisions), Ordinance dated 31.03.2020, Notification No.35 ...

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RBI/2020-21/43 DOR.BP.BC.No.16/21.04.098/2020-21 September 29, 2020 All Commercial Banks (excluding Regional Rural Banks, Local Area Banks and Payments Banks) Dear Sir/Madam, Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) Please refer to ourcircular DOR.BP.BC.No.46/21.04.098/2019-20 dated March 27, 2020on Net Stable Funding Ratio (NSFR) guidelines. 2. In view of the continued uncertainty on account of COVID-19, on a review, it has been deci...

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RBI/2020-21/42 DOR.BP.BC.No15/21.06.201/2020-21 September 29, 2020 All Commercial Banks (Excluding Small Finance Banks, Payment Banks, RRBs and LABs) Dear Sir/Madam, Basel III Capital Regulations - Review of transitional arrangements Please refer tocircular DOR.BP.BC.No.45/21.06.201/2019-20 dated March 27, 2020on ‘Basel III Capital Regulations - Review of transitional arrangements’. 2. In view of the continuing stress on account of COVID-19, it has been decided to...

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Circular No. 17 of 2020 F. No. 370133/22/2020-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) **** Dated: 29th September, 2020 Sub.: Guidelines under section 194-O (4) and section 206C (1-I) of the Income-tax Act, 1961 —reg. Finance Act, 2020 inserted a new section 194-0 in the Income-tax Act 1961 (hereinafter referred to as “the Act-) which mandates that with effect from 1st day of October, 2020, an e-c...

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In continuation to this Ministry’s General Circulars No.14/2020 dated 8th April, 2020, No.17/2020 dated 13th April, 2020 and No.22/2020 dated 15.06.2020 and after due examination and it: has been decided to allow companies to conduct their EGMs through VC or OAVM or transact. items through postal ballot in accordance with the framework provided in the aforesaid Circulars upto 31st December, 2020. All other requirements provided in the said Circulars shall remain unchanged....

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In continuation to this Ministry’s General Circular No. 23/2020 dated 17.06.2020 [G.C.] and after clue examination and it has been decided to extend scheme till 31.12.2020. Accordingly, the figures “30.09.2020” and “01.10.2020” wherever they appear in the G.C. shalt be substituted with figures “31.12.2020” and “01.01.2021” respectively....

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In continuation to this Ministry’s General Circular No. 13/2020 dated 30.03.2020, in view of large scale disruption caused by the COVID-19 pandemic and after due examination, it has been decided to extend aforesaid scheme till 31st December, 2020. All other requirements provided in the said circular shall remain unchanged....

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In continuation to this Ministry’s General Circular No.12/2020 dated 30.03.2020, in view of the large scale disruption caused by the COVID-19 Pandemic and after due examination, it has been decided to extend aforesaid scheme till 31st December, 2020. All other requirements provided in the said circular shall remain unchanged....

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RBI/2020-21/41 DPSS.CO.RPPD.No.309/04.07.005/2020-21 September 25, 2020 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Local Area Banks / Payment Banks / Small Finance Banks / National Payments Corporation of India Madam / Dear Sir, Positive Pay System for Cheque Truncation System Please refer to theStatement...

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Ministry Of Finance (Department of Revenue) (Central Board Of Indirect Taxes And Customs) Notification No. 68/2020 – Central Tax New Delhi, the 21st September, 2020 G.S.R. 573(E).—In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), the Government, on the recommendations of the Council, hereby waives the amount of late fee payable under section 47 of...

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Ministry Of Finance (Department of Revenue) (Central Board Of Indirect Taxes And Customs) Notification No. 67/2020 – Central Tax New Delhi, the 21st September, 2020 G.S.R. 572(E).—In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), read with section 148 of the said Act, the Government, on the recommendations of the Council, hereby makes the followin...

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