Monthly GSTR-1 due date extended for J&K Taxpayers (July 19 to Sep 19)
Posted Date : 14-Dec-2019 , 09:43:25 am | Posted By: CASANSAAR
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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Liquidity Support (LS) Facility - NEFT 24 x 7
Posted Date : 13-Dec-2019 , 09:57:29 pm | Posted By: CASANSAAR
RBI/2019-20/115
FMOD.MAOG.No.138/01.01.001/2019-20
December 13, 2019
The Chairman / Managing Director / Chief Executive Officers
of member banks participating in NEFT payment system
Madam / Dear Sir
Liquidity Support (LS) Facility - NEFT 24 x 7
As announced in theStatement on Developmental and Regulatory Policies dated October 4, 2019, in order to facilitate smooth settlement of NEFT transactions in the accounts of the member banks maintained with the Reserve Bank in a 24x7 envi...
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Operational Risk Management: Price / Yield range setting in e-Kuber
Posted Date : 13-Dec-2019 , 07:13:27 am | Posted By: CASANSAAR
RBI/2019-20/114
Ref. No. IDMD/1615/08.02.032/2019-20
December 12, 2019
All Scheduled Commercial Banks
All State Co-operative Banks/All Scheduled Primary
(Urban) Co-operative Banks /All Financial Institutions/
All Primary Dealers.
Dear Sir / Madam
Operational Risk Management: Price / Yield range setting in e-Kuber
In the recent past there have been a few instances of Fat Finger, Big Figure errors on the part of market participants in G Sec auctions. Realizing that such errors c...
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RBI Master Circular on Collection of Direct Tax – OLTAS
Posted Date : 13-Dec-2019 , 07:12:44 am | Posted By: CASANSAAR
RBI/2019-20/113
DGBA.GBD.No.1141/42.01.034/2019-20
December 12, 2019
To
All Agency Banks
Dear Sir/ Madam
RBI Master Circular on Collection of Direct Tax – OLTAS
Please refer to ourCircular DGBA.GAD.No.458/42.01.034/2016-17 dated August 25, 2016and DGBA.GAD.No.910/42.01.034/2016-17 dated October 14, 2016, on Collection of Direct Taxes, wherein it was clarified that only the Master Circ...
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Availability of National Electronic Funds Transfer (NEFT) System on 24x7 basis
Posted Date : 07-Dec-2019 , 07:45:10 am | Posted By: CASANSAAR
RBI/2019-20/111
DPSS (CO) RPPD No.1097/04.03.01/2019-20
December 6, 2019
The Chairman/Managing Director/Chief Executive Officer
of member banks participating in NEFT payment system
Madam/Dear Sir
Availability of National Electronic Funds Transfer (NEFT) System on 24x7 basis
Please refer to our circular DPSS (CO) RPPD No.510/04.03.01/2019-20 dated August 30, 2019 regarding availability of NEFT on a 24x7 basis.
2. It has been decided that the above facility shall be made availa...
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Acquisition of financial assets by Asset Reconstruction Companies from sponsors and lenders
Posted Date : 07-Dec-2019 , 07:44:13 am | Posted By: CASANSAAR
RBI/2019-20/110
DOR.NBFC(ARC) CC. No. 8/26.03.001/2019-20
December 6, 2019
All Asset Reconstruction Companies
Madam/ Sir,
Acquisition of financial assets by Asset Reconstruction Companies from sponsors and lenders
Please refer to para 2(A) ofCircular DNBS (PD) CC.No.37/SCRC/26.03.001/2013-2014 dated March 19, 2014.
2. On a review, it has been decided that Asset Reconstruction Companies (ARCs) shall not acquire financial assets from the following on a bilateral basis, whatever ...
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Exim Bank's Government of India supported Line of Credit (LOC) of USD 500 million to the Government of Bangladesh
Posted Date : 05-Dec-2019 , 05:25:14 pm | Posted By: CASANSAAR
RBI/2019-20/109 A.P. (DIR Series) Circular No.11
December 05, 2019
All Category – I Authorised Dealer Banks
Madam/Sir
Exim Bank's Government of India supported Line of Credit (LOC) of USD 500 million to the Government of Bangladesh
Export-Import Bank of India (Exim Bank) has entered into an agreement dated April 11, 2019 with the Armed Forces Division, Government of the People’s Republic of Bangladesh for making available to the latter, a Government of India supported Li...
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CBIC Withdraw Circular No. 107/26/2019-GST dt. 18.07.2019 – ITeS services under GST
Posted Date : 05-Dec-2019 , 04:23:10 pm | Posted By: CASANSAAR
Withdrawal of Circular No. 107/26/2019-GST dt. 18.07.2019 – reg....
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IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2019
Posted Date : 02-Dec-2019 , 09:21:31 am | Posted By: CASANSAAR
No. IBBI/2019-20/GN/REG052.—In exercise of the powers conferred by clause (t) of sub-section (1) of section 196 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and Bankruptcy Board of India hereby makes the following regulations further to amend the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, namely: -...
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Corporate Laws |
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Repurchase Transactions (Repo) (Reserve Bank) Directions, 2018 - Amendment
Posted Date : 29-Nov-2019 , 08:18:34 am | Posted By: CASANSAAR
RBI/2019-20/107
FMRD.DIRD.21/14.03.038/2019-20
November 28, 2019
To
All participants in repo market
Dear Sir/Madam
Repurchase Transactions (Repo) (Reserve Bank) Directions, 2018 - Amendment
Please refer toRepurchase Transactions (Repo) (Reserve Bank) Directions, 2018 dated July 24, 2018.
2. Units of Debt Exchange Traded Funds (Debt ETFs) shall henceforth be eligible securities for repo transactions.
3. The Directions, revised as above, areenclosed.
Yours faithfully
...
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Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)
Posted Date : 29-Nov-2019 , 08:17:49 am | Posted By: CASANSAAR
RBI/2019-20/105
FIDD.GSSD.CO.BC.No.15/09.01.01/2019-20
November 26, 2019
The Chairman/ Managing Director & CEO
All Scheduled Commercial Banks &
Small Finance Banks
Madam/Dear Sir
Master Circular – Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)
Please refer to theMaster Circular FIDD.GSSD.CO.BC.No.02/09.01.01/2019-20 dated July 01, 2019on Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM).
2. The latest guideli...
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RBI |
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Extension of last date of filing of Form PAS-6 - MCA
Posted Date : 29-Nov-2019 , 08:14:23 am | Posted By: CASANSAAR
The matter has been examined and it is stated that the time limit for filing Form PAS-6 without additional fees for the half-year ended on 30.09.2019 will be sixty days from the date of deployment of this form on the website of the Ministry...
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Corporate Laws |
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Relaxation of additional fees and extension of last date in filing of forms MGT-7 and AOC-4 under the Companies Act, 2013
Posted Date : 29-Nov-2019 , 08:12:56 am | Posted By: CASANSAAR
In continuation to General Circular No.13/2019 dated 29.10.2019 and keeping in view of the requests received from various stakeholders stating that due to disturbances in internet services and the normal work was affected in the UT of J&K and UT of Ladakh and sought extension of time for filing of financial statements for the financial year ended 31.03.2019. Therefore, it has been decided to extend the due date for filing of e-forrns AOC-4, AOC-4 (CFS) AOC-4 XBRL and e-forrn MGT-7 upto 31.01...
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Companies Act |
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The IBBI amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016
Posted Date : 29-Nov-2019 , 08:09:27 am | Posted By: CASANSAAR
The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2019 today. Some of the amendments made by these Regulations are consequential to the Insolvency and Bankruptcy Code (Amendment) Act, 2019, which came into force on 5th August, 2019....
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Corporate Laws |
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IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2019
Posted Date : 29-Nov-2019 , 08:07:29 am | Posted By: CASANSAAR
No. IBBI/2019-20/GN/REG052.- In exercise of the powers conferred by clause (t) of subsection (1) of section 196 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and Bankruptcy Board of India hereby makes the following regulations further to amend the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, namely: -...
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Corporate Laws |
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IPs to act as IRPs, Liquidators, RPs and Bankruptcy Trustees (Recommendation) Guidelines, 2019
Posted Date : 29-Nov-2019 , 08:06:17 am | Posted By: CASANSAAR
The Insolvency and Bankruptcy Board of India (Board) is required under the Insolvency and Bankruptcy Code, 2016 (Code) to recommend name of an insolvency professional (IP) for appointment as interim resolution professional (IRP) or liquidator as under:
...
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Corporate Laws |
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Exclusion of “Vijaya Bank” and “Dena Bank” from the Second Schedule of the Reserve Bank of India Act, 1934 and cessation as banking companies
Posted Date : 28-Nov-2019 , 06:03:20 pm | Posted By: CASANSAAR
RBI/2019-20/106
DOR.No.Ret.BC.25/12.07.160/2019-20
November 28, 2019
All Scheduled Commercial Banks
Dear Sir/Madam
Exclusion of “Vijaya Bank” and “Dena Bank” from the Second Schedule of the Reserve Bank of India Act, 1934 and cessation as banking companies
“Vijaya Bank” and “Dena Bank” have been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2019 since they have ceased to carry on...
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RBI |
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Extension of the last date of filing of Form NFRA-2 - MCA
Posted Date : 27-Nov-2019 , 06:43:48 pm | Posted By: CASANSAAR
Time limit for filing Form NFRA-2 will be 90 days from the date of deployment of this form on the website of National Financial Reporting Authority (NFRA)
...
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Companies Act |
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CBIC notifies transition plan for J&K reorganization w.e.f. 31.10.2019
Posted Date : 27-Nov-2019 , 10:10:28 am | Posted By: CASANSAAR
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 Government, on the recommendations of the Council, hereby notifies those persons whose principal place of business or place of business lies in the erstwhile State of Jammu and Kashmir till the 30th day of October, 2019; and lies in the Union territory of Jammu and Kashmir or in the Union territory of Ladakh from the 31st...
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GST |
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Due date of filing GSTR-3B for J&K registered persons (Oct 19)
Posted Date : 27-Nov-2019 , 10:09:16 am | Posted By: CASANSAAR
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 amendment in notification of the Government of India in the Ministry of Finance (Department of Revenue), No.44/2019 – Central Tax...
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GST |
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Due date of filing GSTR-3B for J&K registered persons (July 19 to Sep 19)
Posted Date : 27-Nov-2019 , 10:08:07 am | Posted By: CASANSAAR
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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GST |
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Due date of filing GSTR-7 for J&K registered persons (July 19 to Oct 19)
Posted Date : 27-Nov-2019 , 10:06:59 am | Posted By: CASANSAAR
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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GST |
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Due date of filing Monthly (OCT,19) GSTR-1 for J&K registered persons
Posted Date : 27-Nov-2019 , 10:01:16 am | Posted By: CASANSAAR
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 amendment in notification of the Government of India in the Ministry of Finance (Department of Revenue), No.46/2019 – Central Tax, dated the 9th October, 201...
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GST |
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Due date of filing GSTR-1 for J&K registered persons having aggregate turnover exceeding Rs. 1.5 crore
Posted Date : 27-Nov-2019 , 09:51:16 am | Posted By: CASANSAAR
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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GST |
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UTGST: Bus body building includes building of body on chassis of any vehicle
Posted Date : 23-Nov-2019 , 10:33:55 am | Posted By: CASANSAAR
G.S.R......(E).- In exercise of the powers conferred by sub-section (3) of section 8 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017), the Central Government, on the recommendations of the Council, and on being satisfied that it is necessary so to do, hereby makes the following further amendment in the notification of the Government of India, in the Ministry of Finance (Department of Revenue) No.11/2017- Union Territory Tax (Rate), dated the 28th June, 2017, published in the ...
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GST |
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CGST- Bus body building includes building of body on chassis of any vehicle
Posted Date : 23-Nov-2019 , 10:30:21 am | Posted By: CASANSAAR
G.S.R......(E).- In exercise of the powers conferred by sub-section (3) of section 11 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, and on being satisfied that it is necessary so to do, hereby makes the following further amendment in the notification of the Government of India, in the Ministry of Finance (Department of Revenue) No.11/2017- Central Tax (Rate), dated the 28th June, 2017, published in the Gazette of Indi...
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GST |
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CBIC clarifies on Rate of GST on Job Work
Posted Date : 23-Nov-2019 , 10:22:22 am | Posted By: CASANSAAR
Clarification on scope of the notification entry at item (id), related to job work, under heading 9988 of Notification No. 11/2017-Central Tax (Rate) dated 28-06-2017-reg....
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GST |
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IGST-Bus body building includes building of body on chassis of any vehicle
Posted Date : 23-Nov-2019 , 10:18:39 am | Posted By: CASANSAAR
G.S.R......(E).- In exercise of the powers conferred by sub-section (3) of section 6 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), the Central Government, on the recommendations of the Council, and on being satisfied that it is necessary so to do, hereby makes the following further amendment in the notification of the Government of India, in the Ministry of Finance (Department of Revenue) No. 8/2017- Integrated Tax (Rate), dated the 28th June, 2017, published in the Gazette of...
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GST |
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Re-export of unsold rough diamonds from Special Notified Zone of Customs without Export Declaration Form (EDF) formality
Posted Date : 23-Nov-2019 , 10:14:53 am | Posted By: CASANSAAR
RBI/2019-20/103
A.P. (DIR Series) Circular No. 10
November 22, 2019
To
All Category-I Authorised Dealer Banks
Re-export of unsold rough diamonds from Special Notified Zone of Customs without Export Declaration Form (EDF) formality
Attention of Authorised Dealer Category – I banks (AD banks) is invited to theA.P. (DIR Series) Circular No.1 dated July 02, 2015.
2. It has been decided to modify the provisions contained in para 4 of the above A.P. (Dir Series) Circular, as u...
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FEMA |
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Non-resident Rupee Accounts – Review of Policy
Posted Date : 22-Nov-2019 , 06:35:36 pm | Posted By: CASANSAAR
RBI/2019-20/102
A.P. (DIR Series) Circular No. 09
November 22, 2019
To
All Category-I Authorised Dealer Banks
Madam / Sir
Non-resident Rupee Accounts – Review of Policy
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to paragraph 3 ofStatement on Developmental and Regulatory Policiesof the Fourth Bi-Monthly Monetary Policy Statement for 2019-20 dated October 04, 2019.
2. In terms of paragraph 7 of Part II ofMaster Direction No.14 dated Jan...
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