Extend The Due Date for Furnishing FORM GSTR-5 For the Month of December, 2024
Posted Date : 11-Jan-2025 , 05:09:37 pm | Posted By: CASANSAAR
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
NOTIFICATION
No. 03/2025 – CENTRAL TAX
New Delhi, the 10th January, 2025
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), the Commissioner, on the recommendations of the Council, hereby extends the time limit for furnishing the return by a non-res...
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GST |
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Master Direction - Reserve Bank of India (Non-resident Investment in Debt Instruments) Directions, 2025
Posted Date : 07-Jan-2025 , 06:51:06 pm | Posted By: CASANSAAR
RBI/2024-25/ 126 FMRD.FMD.No.10/14.01.006/2024-25
January 07, 2025
All Authorised Persons
Madam/Sir,
Master Direction - Reserve Bank of India (Non-resident Investment in Debt Instruments) Directions, 2025
In exercise of the powers conferred under section 6, read with section 47 of the Foreign Exchange Management Act, 1999, the Reserve Bank has issued the following regulations to regulate non-resident investment in debt instruments in Ind...
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RBI |
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Master Direction on Credit Information Reporting
Posted Date : 06-Jan-2025 , 06:00:15 pm | Posted By: CASANSAAR
Master Direction on Credit Information Reporting
The Reserve Bank of India has today issued theMaster Direction – Reserve Bank of India (Credit Information Reporting) Directions, 2025. The Master Direction consolidates the existing instructions on credit information reporting and dissemination, issued to the regulated entities (REs) of the Reserve Bank.
(Puneet Pancholy)
Chief General Manager
Press Release: 2024-2025/1861
...
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RBI |
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Master Direction
Posted Date : 06-Jan-2025 , 05:36:54 pm | Posted By: CASANSAAR
RBI/DoR/2024-25/125
DoR.FIN.REC.No.55/20.16.056/2024-25 January 06, 2025
All Commercial Banks including Small Finance Banks, Local Area Banks and Regional
Rural Banks and excluding Payment Banks
All Primary (Urban) Co-operative Banks/ State Co-operative Banks/ Central Co-
operative Banks
All India Financial Institutions (Exim Bank, NABARD, NHB, SIDBI and NaBFID)
All Non-Banking Financial Companies including Housing Finance Companies
All Asset Reconstruction Companies
All Credit Inform...
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RBI |
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Status of March 30, 2025 for Government transactions through integration with e-Kuber
Posted Date : 03-Jan-2025 , 07:55:01 pm | Posted By: CASANSAAR
RBI/2024-25/103
CO.DGBA.GBD.No.S770/42-01-029/2024-2025
January 03, 2025
All Agency Banks
Madam/Dear Sir,
Status of March 30, 2025 for Government transactions through integration with e-Kuber
The ‘e-Kuber’ which is the Core Banking Solution platform of RBI for Government and other payments does not process any Government transactions on Global holidays (which are 26th January, 15th August, 2nd October, all 2nd and 4th Saturdays of a month and on all Sundays). It is ob...
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RBI |
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Formation of new district in the State of Nagaland
Posted Date : 03-Jan-2025 , 02:52:58 pm | Posted By: CASANSAAR
RBI/2024-25/102
FIDD.CO.LBS.BC.No.11/02.08.001/2024-25
January 02, 2025
The Chairman / Managing Director & Chief Executive Officer
Lead Banks Concerned
Madam/ Dear Sir,
Formation of new district in the State of Nagaland –
Assignment of Lead Bank Responsibility
The Government of Nagaland has notified formation of a new district, viz., Meluri in the state of Nagaland vide Gazette Notification No.GAB-I/Adm-1/CREATION/21 dated November 02, 2024. Accordingly, it has been d...
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RBI |
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Participation of NaBFID as an AIFI in financial markets
Posted Date : 01-Jan-2025 , 07:08:40 pm | Posted By: CASANSAAR
RBI/2024-25/101
FMRD.DIRD.No.09/14.03.004/2024-25
January 01, 2025
To
All eligible market participants
Madam/Sir,
Participation of NaBFID as an AIFI in financial markets
Please refer to thepress release dated March 09, 2022wherein it was communicated that the National Bank for Financing Infrastructure and Development (NaBFID) shall be regulated and supervised as an All-India Financial Institution (AIFI) by the Reserve Bank under Sections 45L and 45N of the Reserve Bank of In...
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RBI |
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Government Debt Relief Schemes (DRS)
Posted Date : 01-Jan-2025 , 10:47:00 am | Posted By: CASANSAAR
RBI/2024-25/100
DOR.STR.REC.54/21.04.048/2024-25
December 31, 2024
All Commercial Banks (including Regional Rural Banks and Local Area Banks)
All Primary (Urban) Co-operative Banks
All State Cooperative Banks & Central Cooperative Banks
All Non-Banking Financial Companies (including Housing Finance Companies)
All All-India Financial Institutions
Madam/Dear Sir,
Government Debt Relief Schemes (DRS)
ThePrudential Framework for Resolution of Stressed Assets dated June 7, 2...
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RBI |
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Introduction of beneficiary bank account name look-up facility for Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) Systems
Posted Date : 30-Dec-2024 , 06:25:07 pm | Posted By: CASANSAAR
RBI/2024-25/99
CO.DPSS.RPPD.No.S987/04.03.001/2024-25
December 30, 2024
The Chairman / Managing Director / Chief Executive Officer of
Banks participating in RTGS and NEFT systems
Dear Sir / Madam,
Introduction of beneficiary bank account name look-up facility for Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) Systems
Please refer toStatement on Developmental and Regulatory Policies dated October 9, 2024, proposing the introduction of beneficiar...
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RBI |
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Reporting Platform for transactions undertaken to hedge price risk of gold
Posted Date : 27-Dec-2024 , 06:25:13 pm | Posted By: CASANSAAR
RBI/2024-25/98
FMRD.FMD.No.08/02.03.185/2024-25
December 27, 2024
To
All Authorised Dealer Category-I Banks
Madam/Sir,
Reporting Platform for transactions undertaken to hedge price risk of gold
Attention of Authorised Dealer Category-I Banks is invited to the following Directions issued by the Reserve Bank and as amended from time to time:
DBOD.No.IBS.817/23.67.001/2002-03 dated October 26, 2002 on Sale of Gold/Silver/Platinum – Forward Contract;
Master ...
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RBI |
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Unified Payments Interface (UPI) access for Prepaid Payment Instruments (PPIs) through third-party applications
Posted Date : 27-Dec-2024 , 06:22:21 pm | Posted By: CASANSAAR
RBI/2024-2025/97
CO.DPSS.POLC.No.S972/02-14-006/2024-25
December 27, 2024
All Prepaid Payment Instrument Issuers (Banks and Non-banks),
National Payments Corporation of India (NPCI) and System Participants
Madam / Dear Sir,
Unified Payments Interface (UPI) access for Prepaid Payment Instruments (PPIs) through third-party applications
Currently, UPI payments from / to a bank account can be carried out using the UPI application of that bank or of any third-party application provid...
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RBI |
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Guidance Note 2/2024 on provisions of the Direct Tax Vivad se Vishwas Scheme, 2024 - reg.
Posted Date : 17-Dec-2024 , 06:21:34 pm | Posted By: CASANSAAR
Guidance Note 2/2024 on provisions of the Direct Tax Vivad se Vishwas Scheme, 2024 - reg.
The Direct Tax Vivad Se Vishwas Scheme, 2024 (hereinafter referred as 'DTVSV Scheme, 2024' or 'Scheme') has been enacted vide Chapter IV of Finance (No.2) Act, 2024 to provide for dispute resolution in respect of pending income tax litigation. The objective of the Scheme is to, inter alia, reduce pending income tax litigation, generate timely revenue for the Government and benefit taxpa...
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Income Tax |
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Credit Flow to Agriculture
Posted Date : 09-Dec-2024 , 11:20:50 am | Posted By: CASANSAAR
RBI/2024-2025/96
FIDD.CO.FSD.BC.No.10/05.05.010/2024-25
December 6, 2024
The Chairman / Managing Director / Chief Executive Officer
All Scheduled Commercial Banks (including Regional Rural Banks and Small Finance Banks)
All State Co-operative Banks and District Central Co-operative Banks
Madam/Sir,
Credit Flow to Agriculture – Collateral free agricultural loans
Please refer to ourcircular FIDD.CO.FSD.BC.No.13/05.05.010/2018-19 dated February 7, 2019on the above subject.
...
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RBI |
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Maintenance of Cash Reserve Ratio (CRR)
Posted Date : 09-Dec-2024 , 11:18:29 am | Posted By: CASANSAAR
RBI/2024-25/95
DoR.RET.REC.52/12.01.001/2024-25
December 06, 2024
All Banks
Madam / Dear Sir,
Maintenance of Cash Reserve Ratio (CRR)
Please refer to ourcircular DOR.RET.REC.33/12.01.001/2022-23 dated May 04, 2022and relative notification on the captioned subject.
2. As announced in theStatement on Developmental and Regulatory Policies dated December 06, 2024, it has been decided to reduce the Cash Reserve Ratio (CRR) of all banks by 50 basis points in two equal tranches of 25...
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RBI |
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Interest Rates on Foreign Currency (Non-resident) Accounts (Banks) [FCNR(B)] Deposits
Posted Date : 09-Dec-2024 , 11:15:22 am | Posted By: CASANSAAR
RBI/2024-25/94
DoR.SPE.REC.No.51/13.03.00/2024-2025
December 06, 2024
All Scheduled Commercial Banks (including Regional Rural Banks)
All Small Finance Banks
All Local Area Banks
All Payments Banks
All Primary (Urban) Co-operative Banks/ DCCBs /State Cooperative Banks
Madam / Sir,
Interest Rates on Foreign Currency (Non-resident) Accounts (Banks) [FCNR(B)] Deposits
Please refer to paragraph 2 of theStatement on Developmental and Regulatory Policiesissued as a part of theBi-mo...
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RBI |
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Extension of time for filing Forms to monitor liquidation and voluntary liquidation processes under the Insolvency and Bankruptcy Code, 2016, and the regulations made thereunder.
Posted Date : 04-Dec-2024 , 07:08:14 pm | Posted By: CASANSAAR
No. IBBI/LIQ/79/2024
02nd December, 2024
To
All Registered Insolvency Professionals
All Recognised Insolvency Professional Entities, and
All Registered Insolvency Professional Agencies
(By mail to registered email addresses and on the website of the IBBI)
Dear Madam / Sir,
Subject: Extension of time for filing Forms to monitor liquidation and voluntary liquidation processes under the Insolvency and Bankruptcy Code, 2016, and the regulations mad...
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Students Zone |
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Implementation of Section 51A of UAPA,1967: Updates to UNSC
Posted Date : 04-Dec-2024 , 06:42:00 pm | Posted By: CASANSAAR
RBI/2024-25/92
DOR.AML.REC.50/14.06.001/2024-25
December 04, 2024
The Chairpersons/ CEOs of all the Regulated Entities
Madam/Dear Sir,
Implementation of Section 51A of UAPA,1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Amendments in 03 Entries
Please refer to Paragraph 51 of ourMaster Direction on Know Your Customer dated February 25, 2016as amended on November 06, 2024 (MD on KYC), in terms of which “Regulated Entities(REs) sha...
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RBI |
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Amendment to Framework for Facilitating Small Value Digital Payments in Offline Mode
Posted Date : 04-Dec-2024 , 06:40:36 pm | Posted By: CASANSAAR
RBI/2024-25/93
CO.DPSS.POLC.No.S908/02-14-003/2024-25
December 04, 2024
The Chairman / Managing Director / Chief Executive Officer Authorised Payment System Operators and Participants (Banks and Non-banks)
Madam / Dear Sir,
Amendment to Framework for Facilitating Small Value Digital Payments in Offline Mode
This has reference to the RBI circular CO.DPSS.POLC.No.S1264 / 02-14-003 / 2021-2022 dated January 03, 2022 (updated as on August 24, 2023) which enabled small...
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RBI |
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Inoperative Accounts / Unclaimed Deposits in banks
Posted Date : 03-Dec-2024 , 11:04:08 am | Posted By: CASANSAAR
RBI/2024-25/91
DoS.CO.PPG.SEC.12/11.01.005/2024-25
December 02, 2024,
The Chairman / Managing Director / Chief Executive Officer All Commercial Banks (excluding Regional Rural banks)
Madam / Dear Sir,
Inoperative Accounts / Unclaimed Deposits in banks
A reference is invited toRBI circular DOR.SOG (LEG).REC/64/09.08.024/2023-24 dated January 1, 2024on the captioned subject. It requires banks, among other things, to undertake an annual review of accounts/ deposits where there a...
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RBI |
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Operational framework for reclassification of Foreign Portfolio Investment to Foreign Direct Investment (FDI)
Posted Date : 11-Nov-2024 , 07:15:45 pm | Posted By: CASANSAAR
RBI/2024-25/90
A.P. (DIR Series) Circular No. 19
November 11, 2024
To
All Category – I Authorised Dealer Banks
Madam / Sir
Operational framework for reclassification of Foreign Portfolio Investment to Foreign Direct Investment (FDI)
Attention of Authorised Dealer (AD) Category - I banks is invited to theForeign Exchange Management (Non-debt Instruments) Rules, 2019, (hereinafter referred to as ‘Rules’) notified by the Central Government on October 17, 2019.
...
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RBI |
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Fully Accessible Route
Posted Date : 07-Nov-2024 , 09:24:32 pm | Posted By: CASANSAAR
RBI/2024-25/88
FMRD.FMD.No.06/14.01.006/2024-25
November 07, 2024
To
All participants in Government Securities market
Madam/Sir,
‘Fully Accessible Route’ for Investment by Non-residents in Government Securities – Inclusion of Sovereign Green Bonds
A reference is invited to thePress Release on ‘Issuance Calendar for Marketable Dated Securities for October 2024 - March 2025’ dated September 26, 2024, issued by the Reserve Bank, notifying, inter alia, ...
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RBI |
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Amendment to the Master Direction - Know Your Customer (KYC) Direction, 2016
Posted Date : 06-Nov-2024 , 06:35:59 pm | Posted By: CASANSAAR
RBI/2024-2025/87
DOR.AML.REC.49/14.01.001/2024-25
November 06, 2024
All the Regulated Entities
Dear Sir/Madam,
Amendment to the Master Direction - Know Your Customer (KYC) Direction, 2016
Please refer to the Master Direction - Know Your Customer (KYC) Direction, 2016 dated February 25, 2016, as amended from time to time, in terms of which Regulated Entities (REs) have to undertake Customer Due Diligence (CDD), as per the process laid out therein, for their customers.
2. On a r...
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RBI |
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Directions for Central Counterparties (CCPs)
Posted Date : 29-Oct-2024 , 12:56:01 pm | Posted By: CASANSAAR
RBI/2024-2025/85
DPSS.CO.RLVPD.No.S789/02.07.038/2024-25
October 28, 2024
Central Counterparties authorised by RBI /
Central Counterparties seeking authorisation from RBI /
Foreign Central Counterparties seeking recognition from RBI
Madam / Dear Sir,
Directions for Central Counterparties (CCPs)
Please refer to thecircular DPSS.CO.OD No.2565/06.08.005/2018-2019 dated June 12, 2019prescribing the directions relating to capital requirements and governance framework for CCPs as als...
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RBI |
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Reserve Bank of India (Access Criteria for NDS-OM) Directions, 2024
Posted Date : 18-Oct-2024 , 07:28:06 pm | Posted By: CASANSAAR
RBI/FMRD/2024-25/124
FMRD.MIOD.No.04/11.01.041/2024-25
October 18, 2024
To
All participants in Government Securities market
Madam/Sir,
Reserve Bank of India (Access Criteria for NDS-OM) Directions, 2024
A reference is invited tocirculars IDMD.DOD.No.5893/10.25.66/2007-08 dated May 27, 2008andIDMD.DOD.No.13/10.25.66/2011-12 dated November 18, 2011issued by the Reserve Bank on guidelines relating to access to Negotiated Dealing System-Order Matching (NDS-OM) electronic trading platfor...
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RBI |
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Facilitating accessibility to digital payment systems for Persons with Disabilities - Guidelines
Posted Date : 11-Oct-2024 , 11:33:45 am | Posted By: CASANSAAR
RBI/2024-25/83
CO.DPSS.POLC.No.S-708/02-12-004/2024-25
October 11, 2024
All Payment System Participants
Madam / Dear Sir,
Facilitating accessibility to digital payment systems for Persons with Disabilities - Guidelines
A reference is invited to Reserve Bank’sMaster Circular on Customer Service in Banks dated July 01, 2015, which, among other things, contains instructions for scheduled commercial banks to ensure banking services for Persons with Disabilities. In this context...
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Category :
RBI |
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0 | Hits : 2912
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Submission of information to Credit Information Companies (CICs) by ARCs
Posted Date : 10-Oct-2024 , 07:17:18 pm | Posted By: CASANSAAR
RBI/2024-25/82
DoR.FIN.REC.No.46/26.03.001/2024-25
October 10, 2024
All Asset Reconstruction Companies (ARCs)
Dear Sir / Madam,
Submission of information to Credit Information Companies (CICs) by ARCs
In terms ofcircular no. DNBS (PD-SC/RC). CC. No. 23/26.03.001/2010-11 dated November 25, 2010on ‘Submission of information to Credit Information Companies’1, ARCs had been advised to become a member of at least one CIC. In order to align these guidelines with the guideli...
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Category :
RBI |
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0 | Hits : 2957
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Implementation of Credit Information Reporting Mechanism subsequent to cancellation of licence or Certificate of Registration
Posted Date : 10-Oct-2024 , 07:13:20 pm | Posted By: CASANSAAR
RBI/2024-25/81
DoR.FIN.REC.47/20.16.042/2024-25
October 10, 2024
All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks, and excluding Payments Banks)
All Primary (Urban) Co-operative Banks/ State Co-operative Banks/ Central Co-operative Banks
All Non-Banking Financial Companies (including Housing Finance Companies)
All Asset Reconstruction Companies
All Credit Information Companies
Dear Sir/ Madam,
Implementation of Credit Information Rep...
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RBI |
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Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit
Posted Date : 09-Oct-2024 , 07:34:56 pm | Posted By: CASANSAAR
RBI/2024-25/80
DOR.STR.REC.45/04.02.001/2024-25
October 9, 2024
All Scheduled Commercial Banks (excluding RRBs),
Primary (Urban) Cooperative Banks & State Cooperative Banks (scheduled banks
having AD category-I license), and
Exim Bank
Dear Sir / Madam,
Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit
Please refer to the instructions issued videcircular No. DOR.STR.REC.44/04.02.001/2024-25 dated September 20, 2024.
2. Government of India, v...
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Category :
RBI |
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Due diligence in relation to non-resident guarantees availed by persons resident in India
Posted Date : 04-Oct-2024 , 07:51:55 pm | Posted By: CASANSAAR
RBI/2024-25/79
A.P. (DIR Series) Circular No. 18
October 04, 2024
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Due diligence in relation to non-resident guarantees availed by persons resident in India
The Reserve Bank of India (RBI) has come across instances of guarantees (including Standby Letters of Credit [SBLCs] and / or performance guarantees) issued by persons resident outside India, favouring persons resident in India, which are not permitted under the extan...
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Category :
RBI |
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Directions - Compounding of Contraventions under FEMA, 1999
Posted Date : 01-Oct-2024 , 07:27:35 pm | Posted By: CASANSAAR
RBI/FED/2024-25/78
A.P. (DIR Series) Circular.No.17/2024-25
October 01, 2024
To,
All Authorised Dealer Category – I banks and Authorised banks
Madam / Sir,
Directions - Compounding of Contraventions under FEMA, 1999
The provisions of section 15 of Foreign Exchange Management Act, 1999 (42 of 1999) [hereinafter referred to as ‘FEMA, 1999’], enable compounding of contraventions and, empowers the Reserve Bank to compound any contravention as defined under se...
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RBI |
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