Revised IGST Rates (Exemtions) to give effect to GST council decisions notified
Posted Date : 15-Nov-2017 , 08:55:09 am | Posted By: CASANSAAR
G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 6 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), the Central Government, being satisfied that it is necessary in the public interest so to do, on the recommendations of the Goods and Services Tax Council, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.2/2017- Integrated Tax (Rate), dated the 28th June, 2017, ...
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Revised IGST Rates to give effect to GST council decisions notified
Posted Date : 15-Nov-2017 , 08:53:39 am | Posted By: CASANSAAR
G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 5 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), the Central Government, 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.1/2017- Integrated Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide n...
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GST |
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Revised CGST Notification to extend exemption to admission to protected monument
Posted Date : 15-Nov-2017 , 08:44:38 am | Posted By: CASANSAAR
G.S.R......(E).- In exercise of the powers conferred by sub-section (1) of section 11 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No.12/2017- Central Tax (Rate), dated the 28th June, 2017, published i...
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GST |
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Revised Notification to specify CGST rates for restaurants and job work on handicraft goods
Posted Date : 15-Nov-2017 , 08:42:42 am | Posted By: CASANSAAR
G.S.R......(E).- In exercise of the powers conferred by sub-section (1) of section 9, subsection (1) of section 11, sub-section (5) of section 15 and sub-section (1) of section 16 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, in the Ministry of Finan...
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Notification for concessional CGST rate of 2.5% on scientific and technical equipments
Posted Date : 15-Nov-2017 , 08:39:09 am | Posted By: CASANSAAR
G.S.R….(E).- In exercise of the powers conferred by sub-section (1) of section 11 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 being satisfied that it is necessary in the public interest so to do , on the recommendations of the Council, hereby exempts the goods specified in column (3) of the Table below, from the so much of the central tax leviable thereon under section ...
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GST |
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Revised CGST Notification regarding restriction of ITC on certain fabrics
Posted Date : 15-Nov-2017 , 08:37:29 am | Posted By: CASANSAAR
G.S.R. (E).- In exercise of the powers conferred by clause (ii) of the proviso to sub-section (3) of section 54 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.5/2017-Central Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Se...
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GST |
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Revised reverse charge on raw cotton (CGST) to give effect to GST council decisions notified
Posted Date : 15-Nov-2017 , 08:35:09 am | Posted By: CASANSAAR
G.S.R. (E).- In exercise of the powers conferred by sub-section (3) of section 9 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, 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.4/2017- Central Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number ...
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Revised CGST Rates (Exemtions) to give effect to GST council decisions notified
Posted Date : 15-Nov-2017 , 08:30:58 am | Posted By: CASANSAAR
G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 11 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.2/2017-Central Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide...
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GST |
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Revised CGST Rates to give effect to GST council decisions notified
Posted Date : 15-Nov-2017 , 08:28:32 am | Posted By: CASANSAAR
G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 9 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.1/2017-Central Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide ...
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GST |
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Auction for Sale (Re-issue) of Government Stock (GS)
Posted Date : 14-Nov-2017 , 10:47:24 am | Posted By: Md Irsad Alam
Government of India hereby notifies sale (re-issue) of the following Government Stocks:
Name of the Security
Date of Original Issue
Tenure(yy-mm-dd)
Date of Maturity
Base
Method
Notified Amount(in ₹ Crore)
GoI FRB 2024
Nov 07, 2016
08-00-00
Nov 07, 2024
Price
Multiple
3000
6.79% GS 2027
May 15, 2017
10-00-00
May 15, 2027
Price
Multiple
8000
7.73% GS 2034
Oct. 12, 2015
19-02-07
Dec. 19, 2034
Price
Multiple
2000
7.72% GS 2055
Oct 26,2015
40-00...
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RBI |
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Auction of Government of India Dated Securities
Posted Date : 14-Nov-2017 , 10:45:53 am | Posted By: Md Irsad Alam
Government of India (GoI) has offered to sell (re-issue) four dated securities for notified amount of₹ 15,000 croreas per the following details:
Sr No
Security
Notified Amount(in ₹ crore)
GoI Notification
Auction Date
Settlement date
1
GoI FRB 2024
3,000
F.No.4(7)-W&M/2017 datedNovember 13, 2017
November 17, 2017(Friday)
November 20, 2017(Monday)
2
6.79% GS 2027
8,000
3
7.73% GS 2034
2,000
4
7.72% GS 2055
2,000
Total
15,000
...
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RBI |
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Banking Facility for Senior Citizens and Differently abled Persons
Posted Date : 10-Nov-2017 , 08:16:35 am | Posted By: CASANSAAR
RBI/2017-18/89
DBR.No.Leg.BC.96/09.07.005/2017-18
November 9, 2017
All Scheduled Commercial Banks (including RRBs)
All Small Finance Banks and Payments Banks
Dear Sir/ Madam
Statement on Developmental and Regulatory Policies - October 4, 2017-Banking Facility for Senior Citizens and Differently abled Persons
Please refer toParagraph 8of Statement on Developmental and Regulatory Policies, released by Reserve Bank of India on October 4, 2017 as part of Fourth Bi-monthly Monetary P...
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RBI |
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Risk Management and Inter-Bank Dealings – Simplified Hedging Facility
Posted Date : 10-Nov-2017 , 08:15:32 am | Posted By: CASANSAAR
RBI/2017-18/88
A.P. (DIR Series) Circular No. 11
November 09, 2017
To,
All Authorised Dealer Category - I Banks
Madam/Sir,
Risk Management and Inter-Bank Dealings – Simplified Hedging Facility
Attention of Authorised Dealers Category – I (AD Category – I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 (Notification No.FEMA. 25/RB-2000 dated May 3, 2000) issued under clause (h) of...
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FEMA |
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Directions on Managing Risks and Code of Conduct in Outsourcing of Financial Services by NBFCs
Posted Date : 10-Nov-2017 , 08:14:38 am | Posted By: CASANSAAR
RBI/2017-18/87
DNBR.PD.CC.No.090/03.10.001/2017-18
November 09, 2017
To
All Non-Banking Financial Companies (NBFCs),
Madam/ Sir,
Directions on Managing Risks and Code of Conduct in Outsourcing of Financial Services by NBFCs
In exercise of the powers conferred under Section 45 L of the Reserve Bank of India Act, 1934, the Reserve Bank of India after being satisfied that it is necessary and expedient in the public interest so to do and with a view to put in place necessary safeg...
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RBI |
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Clarification on Indirect Transfer provisions in case of redemption of share or interest outside India
Posted Date : 09-Nov-2017 , 11:52:11 am | Posted By: May I Help You.
Under the provisions contained in section 9(1 )(i) of the Income-tax Act, 1961 ('Act'), all income accruing or arising, whether directly or indirectly, through or from any business connection in India, or through or from any property in India, or through or from any asset or source of income in India or through the transfer of a capital asset situate in India, shall be deemed to accrue or arise in India. Explanations 5, 6 and 7 of section 9(1 )(i) further define the scope of said provisi...
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Income Tax |
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Due date for generation of GSTR-2A & Form GSTR-1A
Posted Date : 08-Nov-2017 , 08:56:53 am | Posted By: CASANSAAR
F.No. 349/164/2017-GST
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
GST Policy Wing
New Delhi, Dated the 6th November, 2017
To,
The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners / Commissioners of Central Tax (All)
The Principal Director Generals / Director Generals (All)
Madam/Sir,
Sub –Due date for generation of FORM GSTR-2A and FORM GSTR-1A in accordance with the extension of due ...
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GST |
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Online Registration Mechanism and Filing System for Clearing Corporations
Posted Date : 06-Nov-2017 , 10:48:48 am | Posted By: Md Irsad Alam
1. In order to ease the process of application for recognition / renewal, reporting and other filings in terms Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 and other circulars issued from time to time, SEBI has introduced a digital platform for online filings related to Clearing Corporations.
2. All applicants desirous of seeking registration / renewal as a Clearing Corporation in terms of Regulation 4 and 12 of the Securities Contracts (Regula...
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SEBI |
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Introduction of Legal Entity Identifier for large corporate borrowers
Posted Date : 03-Nov-2017 , 07:35:02 am | Posted By: CASANSAAR
RBI/2017-18/82
DBR.No.BP.BC.92/21.04.048/2017-18
November 02, 2017
All Scheduled Commercial Banks (Excluding Regional Rural Banks),
All India Financial Institutions (Exim Bank, SIDBI, NHB, NABARD),
Local Area Banks, Small Finance Banks
Madam/Dear Sir,
Introduction of Legal Entity Identifier for large corporate borrowers
The Legal Entity Identifier (LEI) code is conceived as a key measure to improve the quality and accuracy of financial data systems for better risk management po...
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RBI |
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Order of CBDT on extension of due date of ITR / TAR to 7th Nov 2017
Posted Date : 01-Nov-2017 , 09:17:13 am | Posted By: CASANSAAR
On consideration of representations from various stakeholders for further extension of ‘due-date’, being 30th September, 2017 for assessees covered under clause (a) of Explanation 2 of section 139(1) of the Income-tax Act, 1961 pertaining to Assessment Year 2017-2018, the CBDT in modification of its order dated 31.08 2017 in file of even number, hereby further extends the ‘due-date‘ for filing income-tax returns and reports of audit pertaining to Assessment Year 2017-2018...
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CBDT |
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Auction for Sale (Re-issue) of Government Stock (GS)
Posted Date : 31-Oct-2017 , 10:42:29 am | Posted By: Md Irsad Alam
Government of India hereby notifies sale (re-issue) of the following Government Stocks:
Name of the Security
Date of Original Issue
Tenure(yy-mm-dd)
Date of Maturity
Base
Method
Notified Amount(in ₹ Crore)
GoI FRB 2024
Nov 07, 2016
08-00-00
Nov 07, 2024
Price
Multiple
3000
6.79% GS 2027
May 15, 2017
10-00-00
May 15, 2027
Price
Multiple
8000
7.73% GS 2034
Oct. 12, 2015
19-02-07
Dec. 19, 2034
Price
Multiple
2000
6.62% GS 2051
Nov. 28, 2016
35-...
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RBI |
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Auction of Government of India Dated Securities
Posted Date : 31-Oct-2017 , 10:41:01 am | Posted By: Md Irsad Alam
Government of India (GoI) has offered to sell (re-issue) four dated securities for notified amount of₹ 15,000 croreas per the following details:
Sr No
Security
Notified Amount(in ₹ crore)
GoI Notification
Auction Date
Settlement date
1
GoI FRB 2024
3,000
F.No.4(7)-W&M/2017 datedOctober 30, 2017
November 3, 2017(Friday)
November 6, 2017(Monday)
2
6.79% GS 2027
8,000
3
7.73% GS 2034
2,000
4
6.62% GS 2051
2,000
Total
15,000
Sub...
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RBI |
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CBEC notifies extension of due date to file Form GSTR-2 and Form GSTR-3 for July, 2017
Posted Date : 31-Oct-2017 , 08:45:35 am | Posted By: CASANSAAR
G.S.R. …..(E). In exercise of the powers conferred by the first proviso to sub-section (2) of section 38 and sub-section (6) of section 39 read with section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Commissioner hereby makes the following amendments in the notification number 30/2017-Central Tax, dated the 11th September, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (i), vide number G.S.R. 1144 (E), dated the 11th Sept...
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GST |
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Revised GST TRAN-1 filing due date extended to 30th November 2017
Posted Date : 29-Oct-2017 , 09:19:38 am | Posted By: CASANSAAR
In exercise of the powers conferred by rule 120A of the Central Goods and Services Tax Rules, 2017 read with section 168 of the Central Goods and Services Tax Act, 2017, and in supersession of Order No. 02/2017-GST dated 18th September, 2017, the Commissioner, on the recommendations of the Council, hereby extends the period for submitting the declaration in FORM GST TRAN-1 till 30th November, 2017....
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GST |
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GST TRAN-1 filing due date extended to 30th November 2017
Posted Date : 29-Oct-2017 , 09:18:06 am | Posted By: CASANSAAR
In exercise of the powers conferred by rule 117 of the Central Goods and Services Tax Rules, 2017 read with section 168 of the Central Goods and Services Tax Act, 2017, and in supersession of Order No. 03/2017-GST dated 21st September, 2017, the Commissioner, on the recommendations of the Council, hereby extends the period for submitting the declaration in FORM GST TRAN-1 till 30th November, 2017....
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GST |
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GST REG-26 filing due date extended to 31st December 2017
Posted Date : 29-Oct-2017 , 09:16:49 am | Posted By: CASANSAAR
In exercise of the powers conferred by clause (b) of sub-rule (2) of rule 24 of the Central Goods and Services Tax Rules, 2017 read with section 168 of the Central Goods and Services Tax Act, 2017, the Commissioner, on the recommendations of the Council, hereby extends the period for submitting electronicallythe application in the FORM GST REG- 26 till 31st December 2017....
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GST |
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GST CMP-03 filing due date extended to 30th November 2017
Posted Date : 29-Oct-2017 , 09:15:47 am | Posted By: CASANSAAR
In exercise of the powers conferred by sub-rule (4) of rule 3 of the Central Goods and Services Tax Rules, 2017 read with section 168 of the Central Goods and Services Tax Act, 2017 (hereafter referred to as “the Act”), on the recommendations of the Council, and in supersession of Order No. 04/2017-GST dated 29th September, 2017, the period for intimation of details of stock held on the date preceding the date from which the option to pay tax under section 10 of the Act is exercised ...
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GST |
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GST-ITC-04 filing due date extended to 30th November 2017
Posted Date : 29-Oct-2017 , 09:13:26 am | Posted By: CASANSAAR
G.S.R. (E):- In pursuance of section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) and sub-rule (3) of rule 45 of the Central Goods and Services Tax Rules, 2017, the Commissioner, with the approval of the Board, hereby extends the time limit for making the declaration in FORM GST ITC-04, in respect of goods dispatched to a job worker or received from a job worker or sent from one job worker to another, during the quarter July to September, 2017, till the 30th day of November, ...
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GST |
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GST ITC-01 filing due date extended to 30th November 2017
Posted Date : 29-Oct-2017 , 09:12:13 am | Posted By: CASANSAAR
G.S.R. …..(E). In pursuance of section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter referred to as the said Act) and clause (b) of sub-rule (1) of rule 40 of the Central Goods and Services Tax Rules, 2017, the Central Government hereby makes the following amendments in the notification number 44/2017-Central Tax, dated the 13th October, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (i), vide number G.S.R. 1258 (E), d...
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GST |
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Central Goods and Services Tax (Eleventh Amendment) Rules, 2017
Posted Date : 29-Oct-2017 , 09:11:02 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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GST |
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Clarification of classification of cut pieces of fabric under GST
Posted Date : 28-Oct-2017 , 07:55:29 am | Posted By: CASANSAAR
Fabrics are classifiable under chapters 50 to 55 of the First Schedule to the Customs Tariff Act, 1975 on the basis of their constituent materials and attract a uniform GST rate of 5% with no refund of the unutilized input tax credit....
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GST |
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