NFRA (Meeting for Transaction of Business) Rules, 2019
Posted Date : 25-May-2019 , 09:08:43 am | Posted By: CASANSAAR
G.S.R. _.- In exercise of the powers conferred by sub-section (10) of section 132 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules, namely:...
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Companies Act |
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MCA notifies Form PAS-6 Reconciliation of Share Capital Audit Report
Posted Date : 25-May-2019 , 09:06:11 am | Posted By: CASANSAAR
G.S.R. (E).- In exercise of the powers conferred by section 26, sub-section (1) of section 27, section 28, section 29, sub-section (2) of section 31. sub-sections (3) and (4) of section 39, sub-section (6) of section 40 and section 42 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to-amend the Companies (Prospectus and Allotment of Securities Rules, 2014, namely –...
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Companies Act |
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CBDT extends due date of TDS Payment, Certificate and Return in Odisha
Posted Date : 25-May-2019 , 09:02:46 am | Posted By: CASANSAAR
With a view to redress genuine hardship faced by the deductors due to the severe disruption of normal life and breakdown of communication systems caused by cyclone "Fani" hitting the state of Odisha on 3rd of May, 2019, the Central Board of Direct Taxes, in exercise of its powers under section 119 of the Income Tax Act, 1961 , hereby-...
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CBDT |
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Incentive for improving service to non-chest branches - RBI
Posted Date : 24-May-2019 , 09:47:48 am | Posted By: CASANSAAR
RBI/2018-19/186
DCM (Plg.) No.2845/10.25.007/2018-19
May 23, 2019
The Chairman & Managing Director
Managing Director/ Chief Executive Officer
All Banks having Currency Chests
Dear Sir/Madam,
Incentive for improving service to non-chest branches
Please refer to ourcircular RBI/2015-16/293 DCM (NPD) No.2564/09.40.02/2015-16 dated January 21, 2016on the captioned subject. It has been ...
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RBI |
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Amendment of Form No 108 of the Income-tax Rules, 1962- Draft notification
Posted Date : 24-May-2019 , 09:46:16 am | Posted By: CASANSAAR
Section 12A of the Income-tax Act, 1961 (the Act) provides for conditions for applicability of sections 11 and 12 of the Act. One such condition under clause (b) of subsection (1) thereof is that where the total income of the trust or institution computed without giving effect to section 11 and 12 exceeds the maximum amount not chargeable to income-tax in any previous year, its accounts for that year have been audited by an accountant as defined in the Explanation below sub-section (2) of sectio...
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Income Tax |
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CBDT amends Income-tax Rules, 1962, in Appendix II, in Form No. 15H
Posted Date : 24-May-2019 , 09:44:53 am | Posted By: CASANSAAR
G.S.R. 375(E),— In exercise of the powers conferred by sub-section (1C) of section 197A 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:___...
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CBDT |
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Risk Management System – Appointment of Chief Risk Officer (CRO) for NBFCs
Posted Date : 17-May-2019 , 09:59:10 am | Posted By: CASANSAAR
RBI/2018-19/184
DNBR (PD) CC. No.099/03.10.001/2018-19
May 16, 2019
Non-Banking Financial Company– Investment and Credit Companies, Infrastructure Finance Companies,
Micro Finance Institutions, Factors and Infrastructure Debt Funds
Madam / Dear Sir,
Risk Management System – Appointment of Chief Risk Officer (CRO) for NBFCs
With the increasing role of NBFCs in direct credit intermediation, there is a need for NBFCs to augment risk management practices. While Boards of...
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RBI |
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RBI publishes Payment and Settlement Systems in India: Vision 2019 – 2021
Posted Date : 16-May-2019 , 08:37:24 am | Posted By: CASANSAAR
The Reserve Bank of India has today placed on its website the “Payment and Settlement Systems in India: Vision 2019 – 2021”. The Payment Systems Vision 2021 with its core theme of ‘Empowering Exceptional (E)payment Experience’ aims atempowering every Indian with access to a bouquet of e-payment options that is safe, secure, convenient, quick and affordable.
The Payment Systems Vision 2021 has been formalised based on inputs from various stakeholders and guidanc...
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RBI |
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Outsourcing of Cash Management – Reconciliation of Transactions
Posted Date : 15-May-2019 , 10:19:34 am | Posted By: CASANSAAR
RBI/2018-19/183
DCM (Plg) No.2746/10.25.07/2018-19
May 14, 2019
The Chairman / Managing Director /
Chief Executive Officer
All Banks
Madam / Dear Sir,
Outsourcing of Cash Management – Reconciliation of Transactions
As stated in para 15 of themonetary policy statement dated October 04, 2016, the Bank had constituted a Committee on Currency Movement [Chair: Shri D.K. Mohanty, Executive Director, Reserve Bank of India] to review the entire gamut of security of the treasure i...
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RBI |
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CBDT further deferred furnishing of GST & GAAR details in Form 3CD till 31st March 2020
Posted Date : 15-May-2019 , 10:17:49 am | Posted By: CASANSAAR
Section 44AB of the Income-tax Act, 1961 ('the Act') read with rule 6G of the Income-tax Rules, 1962 ('the Rules') requires specified persons to furnish the Tax Audit Report along with the prescribed particulars in Form No. 3CD. The existing Form No. 3CD was amended vide notification no. GSR 666(E) dated 20th July, 2018 with effect from 20th August, 2018. However, the reporting under clause 30C and clause 44 of the Tax Audit Report was kept in abeyance till 31st March, 2019 vide ...
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CBDT |
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Clarification for form ADT-1 filed through GNL-2 - MCA
Posted Date : 13-May-2019 , 09:34:21 pm | Posted By: CASANSAAR
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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Corporate Laws |
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Due date of GSTR-3B extended in specified districts of Odisha
Posted Date : 13-May-2019 , 08:00:37 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. 13/2019 – Central Ta...
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GST |
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Due date of GSTR-1 extended in specified districts of Odisha
Posted Date : 13-May-2019 , 07:59:25 am | Posted By: CASANSAAR
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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GST |
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Notification regarding extension of last date for opting old GST rates
Posted Date : 11-May-2019 , 08:47:27 am | Posted By: CASANSAAR
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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GST |
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Date of filing ER-1/ER-2 return for April 2019 extended to 10th June 2019
Posted Date : 11-May-2019 , 08:34:56 am | Posted By: CASANSAAR
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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Excise |
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CBIC notifies change of website www.cbic-gst.gov.in in place of www.aces.gov.in
Posted Date : 10-May-2019 , 09:19:36 am | Posted By: CASANSAAR
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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Service Tax |
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Revised procedures for e-filing of Excise & Service Tax Returns
Posted Date : 10-May-2019 , 09:12:19 am | Posted By: CASANSAAR
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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Service Tax |
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Disclosure on Exposure to Infrastructure Leasing & Financial Services Limited (ILFS) and its group entities
Posted Date : 09-May-2019 , 10:43:56 am | Posted By: CASANSAAR
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 |
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Priority Sector Lending – Targets and Classification
Posted Date : 08-May-2019 , 07:09:19 am | Posted By: CASANSAAR
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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RBI |
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MCA amends Due date for filing DIR-3KYC
Posted Date : 02-May-2019 , 08:40:53 am | Posted By: CASANSAAR
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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Companies Act |
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GST exemption on upfront amount payable in installments for long term lease of plots
Posted Date : 01-May-2019 , 08:56:53 am | Posted By: CASANSAAR
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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GST |
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GST Applicability on Seed Certification Tags.
Posted Date : 01-May-2019 , 08:55:12 am | Posted By: CASANSAAR
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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GST |
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RBI extends deadline for identification of Legal Entity
Posted Date : 26-Apr-2019 , 09:18:36 pm | Posted By: CASANSAAR
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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RBI |
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RBI permits Foreign Portfolio Investors to invest in municipal bonds
Posted Date : 26-Apr-2019 , 08:28:44 am | Posted By: CASANSAAR
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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FEMA |
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Time limit for revocation of cancellation of GST registration extended
Posted Date : 24-Apr-2019 , 09:09:09 am | Posted By: CASANSAAR
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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GST |
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CBIC clarifies manner of utilization of GST Input Tax Credit
Posted Date : 24-Apr-2019 , 08:56:34 am | Posted By: CASANSAAR
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 |
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Opportunity to apply for revocation of cancellation of GST registration
Posted Date : 24-Apr-2019 , 08:55:30 am | Posted By: CASANSAAR
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 |
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Central Goods and Services Tax (Third Amendment) Rules, 2019
Posted Date : 24-Apr-2019 , 08:53:38 am | Posted By: CASANSAAR
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 |
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Tax payment & GST Return Filing by 6% Composition Scheme Dealers
Posted Date : 24-Apr-2019 , 08:52:34 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) (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 |
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Restriction on furnishing of info in PART A of GST EWB-01 wef 21-06-2019
Posted Date : 24-Apr-2019 , 08:51:14 am | Posted By: CASANSAAR
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 |
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