In continuation of General Circular No. 09/2014 dated 25.04.2014, the Ministry of Corporate Affairs has received representation from stakeholders seeking relaxation of fee for filing c-form no. ADT 1, particularly form ADT-1 filed through GNI,-2 during the period from 01.04.2014 to 20.10.2014 for appointment of Auditor for the period from 01.04.2014 to 31.03.2019 due to non-availability of c-form ADT-1 during the said period....

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Category : Corporate Laws | Comments : 0 | Hits : 1231

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. 13/2019 – Central Ta...

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Category : GST | Comments : 0 | Hits : 1239

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), the Commissioner, on the recommendations of the Council, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 12/2019- Central Tax, dated the 07th March, 2019, published in the Gazette of India, Extraordinary, Part I...

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Category : GST | Comments : 0 | Hits : 1230

G.S.R......(E).- In exercise of the powers conferred by sub-sections (1), (3)and (4) of section 9, sub-section (1) of section 11,sub-section (5) of section 15, sub-section (1) of section 16 and section 148 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 in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India...

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Category : GST | Comments : 0 | Hits : 938

F. No. 267/58/2019/CX-8 Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs New Delhi, Dated, the 8thMay, 2019 Order No.:- 01/2019 Central Excise Subject: – Extension of time limit for filing of Monthly Return for production and removal of goods and other relevant particulars and CENVAT credit specified in Form ER-1 and specified in ER-2 —reg. WHEREAS the migration and integration of legacy data fromwww.aces.gov....

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Category : Excise | Comments : 0 | Hits : 1361

In the said notification, for the words ” www.aces.gov.in“the words “www.cbic-gst.gov.in“shall be substituted....

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Category : Service Tax | Comments : 0 | Hits : 1102

Revised Procedure for electronic filing of Central Excise returns and for electronic payment of Excise duty and Service tax arrears under the new portal www.cbic-gst.gov.in....

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Category : Service Tax | Comments : 0 | Hits : 1222

RBI/2018-19/181 DBR.BP.BC.No.38/21.04.048/2018-19 May 8, 2019 All Scheduled Commercial Banks All India Financial Institutions (EXIM Bank, NABARD, NHB and SIDBI) Dear Sir/ Madam, Disclosure on Exposure to Infrastructure Leasing & Financial Services Limited (ILFS) and its group entities Please refer to thecircular DBR.BP.BC.No.37/21.04.048/2018-19 dated April 24, 2019on the captioned subject. In view of the National Company Law Appellate Tribunal’s (NCLAT) order dated Ma...

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RBI/2018-19/179 FIDD.CO.Plan.BC.18 /04.09.01/2018-19 May 6, 2019 The Chairman/MD & CEO All Regional Rural Banks/All Small Finance Banks Dear Sir/ Madam, Priority Sector Lending – Targets and Classification Please refer to Para 10 of theStatement on Developmental and Regulatory Policiesof theFirst Bi-Monthly Monetary Policy Statement 2019-20 dated April 4, 2019and Para 9 ofMaster Direction – Regional Rural Banks (RRBs) - Priority Sector Lending – Targets and...

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MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, 30thApril, 2019 G.S.R.__ (E). — In exercise of the powers conferred by the second proviso to sub-section (1), sub-section (4), clause (I) of sub-section (6) of section 149, sub-sections (3) and (4) of section 150, section 151, sub-section (5) of section 152, section 153, section 154, section 157, section 160, sub-section (1) of section 168 and section 170 read with section 469 of theCompanies Act, 2013(18 of 2013), the Centra...

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Category : Companies Act | Comments : 0 | Hits : 2591

Representations have been received by the Board seeking clarification regarding admissibility of GST exemption on the upfront amount which is determined upfront but is paid or payable in installments for long term (thirty years, or more) lease of industrial plots or plots for development of financial infrastructure under Notification 12/2017 – Central Tax (R) S. No.41 dated 28.06.2017...

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Category : GST | Comments : 0 | Hits : 1282

Representations have been received by the Board seeking clarification regarding applicability of GST on supply of Seed Certification Tags. Reference in this regard has also been received from the State of Tamil Nadu...

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Category : GST | Comments : 0 | Hits : 1242

RBI/2018-19/177 FMRD.FMID.No.15/11.01.007/2018-19 April 26, 2019 To All eligible market participants Dear Sir/Madam, Legal Entity Identifier: Extension of deadline A reference is invited tocircular FMRD.FMID.No.10/11.01.007/2018-19 dated November 29, 2018issued by the Reserve Bank on requirement of Legal Entity Identifier (LEI) for participation in non-derivative markets. 2. Based on the feedback and requests received from market participants, and with a view to enable smoo...

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Category : RBI | Comments : 0 | Hits : 1304

RBI/2018-19/176 A.P. (DIR Series) Circular No. 33 April 25, 2019 To All Authorised Persons Madam / Sir Investment by Foreign Portfolio Investors (FPI) in Debt - Review Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2017 notified videNotification No. FEMA 20(R)/2017-RB dated November 07, 2017,as amended from time to time an...

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Category : FEMA | Comments : 0 | Hits : 1625

S.O. (E). ––WHEREAS, sub-section (2) of section 29 of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as the „CGST Act‟) provides for cancellation of registration by proper officer in situations described in clause (a) to clause (e) as under: - ...

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Category : GST | Comments : 0 | Hits : 1993

Section 49 was amended and Section 49A and Section 49B were inserted vide Central Goods and Services Tax (Amendment) Act, 2018 [hereinafter referred to as the CGST (Amendment) Act]. The amended provisions came into effect from 1 st February 2019....

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Category : GST | Comments : 0 | Hits : 1758

Registration of several persons was cancelled under sub-section (2) of section 29 of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as “the said Act”) due to non-furnishing of returns in FORM GSTR-3B or FORM GSTR-4. Sub-section (2) of section 29 of the said Act empowers the proper officer to cancel the registration, including from a retrospective date. Thus registration have been cancelled either from the date of order of cancellation of registration or from a ...

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Category : GST | Comments : 0 | Hits : 1576

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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Category : GST | Comments : 0 | Hits : 1322

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 paying tax under the provisions of section 10 of the said Act or by availing the benefit of notification of the Government of India, Ministry of Finance, Department of Revenue No. 02/2019– Centra...

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Category : GST | Comments : 0 | Hits : 1365

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 appoints the 21st day of June, 2019, as the date from which the provisions of the Central Goods and Services Tax (Fourteenth) Amendment Rules, 2018 rule 12 of [notification No. 74/2018–Central Tax, dated the 31st December, 2018, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide num...

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Category : GST | Comments : 0 | Hits : 1289

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 number 34/2018 – Central Tax, dated the 10th August, 2018, published in the Gazette of India, E...

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Category : GST | Comments : 0 | Hits : 1178

RBI/2018-19/170 DNBR (PD) CC.No.098/03.10.001/2018-19 April 16, 2019 To All Systemically Important Non-Deposit taking Non-Banking Financial Company – Investment and Credit Companies Madam/Sir, Licensing as Authorised Dealer- Category II A large segment of population is increasingly getting connected with forex transactions on individual accounts. In order to increase the accessibility...

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Category : RBI | Comments : 0 | Hits : 1137

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 12th April, 2019 G.S.R. 304(E).—In exercise of powers conferred by sections 200 and 203 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:— 1. Short title and commencement (1) These rules may be called theIncome-tax (3rd Amendment) Rules,...

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Category : CBDT | Comments : 0 | Hits : 1247

Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 CIRCULAR No. IBBI/IP/020/2019 Dated: 12th April, 2019 To All Registered Insolvency Professionals All Recognized Insolvency Professional Entities (By mail to registered email addresses and on website of the IBBI) Subject: Compliance with regulations 7 (2) (ca) and 13 (2) (ca) of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016. ...

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Category : Corporate Laws | Comments : 0 | Hits : 1296

As per Rule 16A(3) of the Companies (Acceptance of deposit) Rules, 2014 "every company other than Government company shall file a onetime return of outstanding receipt of money or loan by a company but not considered as deposits, in terms of clause (c) of sub-rule 1 of rule 2 from the 01 51 April, 2014 to the date of publication of the notification in the Official Gazette, as specified in Form 0 PT-3 within ninetij days from the date of said publication of this notification along with the f...

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Category : Corporate Laws | Comments : 0 | Hits : 1452

RBI/2018-19/167 A.P. (DIR Series) Circular No.29 April 11, 2019 To All Category - I Authorised Dealers and Authorised Banks Madam/Sir Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 - Opening of Foreign Currency Accounts by Re-insurance and Composite Insurance brokers Attention of Authorised Dealers (ADs) is invited to the Foreign Exch...

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Category : FEMA | Comments : 0 | Hits : 1075

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) (hereinafter referred to as the said Act), the Commissioner hereby extends the time limit for furnishing the return by a registered person required to deduct tax at source under the provisions of section 51 of the said Act in FORM GSTR-7 of the Central Goods and Services Tax Rules, 2017 under sub-section (3) of section 39 o...

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Category : GST | Comments : 0 | Hits : 1251

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), the Commissioner, on the recommendations of the Council, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 44/2018- Central Tax, dated the 10th September, 2018, published in the Gazette of India, Extraordinary, P...

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Category : GST | Comments : 0 | Hits : 1267

Vide Notification in GSR 1217 (E) dated December 18, 2018, sub-rule (4) of Rule 10DB of the Income-tax Rules, 1962 (the Rules) was amended with effect from December 18, 2018; to provide that the period for furnishing of the report under sub-section (4) of section 286 of the Income-tax Act, 1961 (the Act) by the constituent entity referred to in that sub-section shall be twelve months from the end of the reporting accounting year....

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Category : CBDT | Comments : 0 | Hits : 1417

RBI/2018-19/166 DCM (CC) No.2482/03.39.01/2018-19 April 08, 2019 Chairman/Managing Director/ Chief Executive Director All banks Madam/Sir, Minimum Standards for a Currency Chest As stated in para 15 of themonetary policy statement dated October 04, 2016, the Bank had constituted a Committee on Currency Movement (CCM) [Chair: Shri D.K. Mohanty, Executive Director]. The Committee, inter-alia, recommended that the Reserve Bank should encourage banks to open large Currency Chests (...

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Category : RBI | Comments : 0 | Hits : 1441