G.S.R......(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 of the Council, hereby extends the time limit for furnishing the details of outward supplies in FORM GSTR-1 of the Central Goods and Services Tax Rules, 2017, by such class of registered persons having agg...

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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) (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 aggregate turnover of up to 1.5 crore rupees in the preceding financial year or the current financial year, as the class of registered persons who shall follow the special procedure as mentioned...

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G.S.R.....(E).–In exercise of the powers conferred by section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with sub-rule (5) of rule 61 of the Central Goods and Services Tax Rules, 2017 (hereafter in this notification referred to as the said rules), the Commissioner, on the recommendations of the Council, hereby makes the following further amendment in notification of the Government of India in the Ministry of Finance (Department of Revenue), No.29/2019 – Cen...

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G.S.R.....(E).–In exercise of the powers conferred by section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with sub-rule (5) of rule 61 of the Central Goods and Services Tax Rules, 2017 (hereafter in this notification referred to as the said rules), the Commissioner, on the recommendations of the Council, hereby makes the following further amendment in notification of the Government of India in the Ministry of Finance (Department of Revenue), No.44/2019 – Cen...

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G.S.R.....(E).–In exercise of the powers conferred by 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 of the Council, hereby makes the following further amendment in notification of the Government of India in the Ministry of Finance (Department of Revenue), No.28/2019 – Central Tax, dated the 28th Jun...

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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) (hereafter in this notification referred to as the said Act), the Central Government, on the recommendations of the Council, hereby makes the following amendment in notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 27/2019 – Central Tax, dated the 28th June, 2019, published in the Gazette of India, Extraordinary, ...

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G.S.R.....(E).–In exercise of the powers conferred by 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 of the Council, hereby makes the following further amendment in notification of the Government of India in the Ministry of Finance (Department of Revenue), No.46/2019 – Central Tax, dated the 9th Octo...

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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) (hereafter in this notification referred to as the said Act), the Central Government, on the recommendations of the Council, hereby makes the following amendment in notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 45/2019 – Central Tax, dated the 09th October, 2019, published in the Gazette of India, Extraordinar...

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G.S.R….(E).- In exercise of the powers conferred by sub-section (6C) of section 25 of the Central Goods and Services Tax Act, 2017 (12 of 2017) , the Central Government, on the recommendations of the Council, hereby notifies the date of coming into force of this notification as the date, from which the -...

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G.S.R.....(E).–In exercise of the powers conferred by sub-section (6) of section 39 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 hereby makes the following further amendment in notification of the Government of India in the Ministry of Finance (Department of Revenue), No.26/2019 – Central Tax, dated the 28th June, 2019, published in the Gazette of India, Extraordinary,...

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G.S.R….(E).- In exercise of the powers conferred by sub-section (6D) of section 25 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby notifies that the provisions of sub-section (6B) or subsection (6C) of the said Act shall not apply to a person who is not a citizen of India or to a class of persons other than the following class of persons, namely:–...

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G.S.R….(E).- In exercise of the powers conferred by sub-section (6B) of section 25 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby notifies the date of coming into force of this notification as the date, from which an individual shall undergo authentication, of Aadhaar number, as specified in rule 8 of the Central Goods and Services Tax Rules, 2017 (hereinafter referred to as the said rules), in order to b...

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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 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 sub-section (1) of section 44 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), read with rule 80 of the Central Goods and Services Tax Rules, 2017 (hereafter in this notification referred to as the said rules), the Commissioner, on the recommendations of the Council, hereby extends the time limit for furnishing of the annual return specified under section 44 of t...

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Various representations have been received from the trade and industry seeking clarification on issues being faced by entities covered under Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as the “IBC”)....

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Representations have been received from various taxpayers seeking clarification in respect of apportionment and transfer of ITC in the event of merger, demerger, amalgamation or change in the constitution/ownership of business. Certain doubts have been raised regarding the interpretation of subsection (3) of section 18 of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as the CGST Act) and sub-rule (1) of rule 41of the Central Goods and Services Tax Rules, 2017 (hereinafter...

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RBI/2019-20/179 FIDD.CO.Plan.BC.No.19/04.09.01/2019-20 March 23, 2020 The Chairman/ Managing Director Chief Executive Officer All Scheduled Commercial Banks (Excluding Regional Rural Banks & Small Finance Banks) Dear Sir/ Madam, Priority Sector Lending - Lending by banks to NBFCs for On-Lending Please refer to ourCircular No. FIDD.CO.Plan.BC.07/04.09.01/2019-20 dated August 13, 2019advising, inter alia, that the bank loans to registered NBFCs (other than MFIs) for on-lendi...

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RBI/2019-20/178 DOR.No.BP.BC.43 /21.01.003/2019-20 March 23, 2020 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir/Madam, Large Exposures Framework Please refer to ourcircular No.DBR.No.BP.BC.43/21.01.003/2018-19 dated June 03, 2019on the captioned subject. 2. In terms of para 7.13 of the circular, any Credit Risk Mitigation (CRM) instrument (e.g. SBLC/BG from Head Office/other overseas branch) from which CRM benefits like shifting of exposure/ risk we...

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In exercise of the powers conferred under Rule 8 ofThe Direct Tax Vivad se Vishwas Rules,2020, the Principal Director General of Income Tax (Systems) hereby lays down the following procedures: CLICK HERE FOR NOTIFICATION.......... ...

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Relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 due to the CoVID -19 virus pandemic CLICK HERE FOR SEBI CIRCULAR ...

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The Direct Tax Vivad se Vishwas Act,2020 (VSVS) has been enacted on 17.3.2020. The Rules alongwith Forms1-5 of VivadSeVishwasScheme2020 have been notified on18.3.2020 vide notification No.18 of 2020. CLICK HERE FOR NOTIFICATION ...

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GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE PRINCIPAL CHIEF COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION), NEW DELHI. Dated : 18thMarch, 2020 Notification Subject: – Notification of ‘designated authority under ‘theDirect Tax Vivad Se Vishwas Act, 2020‘ -reg. In exercise of the powers under sub-section (1) and (2) of section 120 of the Income-tax Act, 1961 conferred upon me by the Government of India, Central Board of Direct Taxes...

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President Assents Direct Tax Vivad se Vishwas Act, 2020 on 17th March, 2020 the Act will help Government to reduce Litigation on Direct Taxes and also offer an Opportunity to Taxpayers to get rid of Litigation by opting this Scheme...

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RBI/2019-20/177 A. P. (DIR Series) Circular No. 22 March 17, 2020 To, All Authorised Dealer Category - I Banks Madam / Sir, Settlement system under Asian Clearing Union (ACU) Mechanism The Board of Directors of ACU have decided to permit Japanese Yen for settling payments among the ACU member countries. Accordingly, clause (a) and (b) of Article IV of the General Provisions of Agreement establishing the Asian Clearing Union have been revised and the Asian Monetary Unit is now ...

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RBI/2019-20/176 DOR.No.BP.BC.41/08.12.014/2019-20 March 17, 2020 All Scheduled Commercial Banks (excluding RRBs) Madam / Dear Sir, Issue of Long Term Bonds by Banks – Financing of Infrastructure and Affordable Housing Please refer to thecircular DBOD.BP.BC.No.25/08.12.014/2014-15 dated July 15, 2014and subsequent circulars on the above subject. Also refer to thecircular DBR.BP.BC.No.42/08.12.014/2016-17 dated December 1, 2016advising that for the purpose of definition of &...

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RBI/2019-20/175 DOR.BP.BC.No.42/21.04.141/2019-20 March 17, 2020 All Scheduled Commercial Banks Dear Sir/Madam, Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks – Spreading of MTM losses and creation of Investment Fluctuation Reserve (IFR) Please refer to ourcircular DBR.No.BP.BC.102/21.04.048/2017-18 dated April 2, 2018on the captione...

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RBI/DPSS/2019-20/174 DPSS.CO.PD.No.1810/02.14.008/2019-20 March 17, 2020 All Payment System Providers and System Participants Madam / Sir, Guidelines on Regulation of Payment Aggregators and Payment Gateways This has reference to Reserve Bank of India (RBI)circular DPSS.CO.PD.No.1102/02.14.08/2009-10 dated November 24, 2009on ‘directions for opening and operation of accounts and settlement of payments for electronic payment transactions involving intermediaries’. 2...

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RBI/2019-20/173 DGBA.GBD.No.1744/42.01.029/2019-20 March 17, 2020 All Agency Banks Dear Sir / Madam, Reporting and Accounting of Central Government Transactions of March 2020 Please refer toCircular DGBA.GBD.No.2394/42.01.029/2018-19 dated March 20, 2019advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBIC, Departmentalised Ministries and non-Civil Ministries) at the Receiving/Nodal/Focal Point branches of your...

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RBI/2019-20/172 DoS.CO.PPG.BC.01/11.01.005/2019-20 March 16, 2020 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) All Local Area Banks All Small Finance Banks and All Payment Banks/All UCBs/NBFCs Madam / Dear Sir, COVID-19- Operational and Business Continuity Measures As you are aware, the World Health Organization (WHO) has declared the recent outbreak of the novel coronavirus disease (COVID-19) a pandemic indicating...

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G.S.R.(E).- In exercise of the powers conferred by section-3' sub-section (1) of section 7 and sub-section (1) and (2) of section 469 of the Companies Act' 20 13 (18 of 2013), the Centrai Glvernmint hereby makes the following rules further to amend the companies (Incorporatlonf Rules' 2014' namely: - ...

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