CBEC amends IGST Rate on various Products as per 22nd GST Council Decision
Posted Date : 16-Oct-2017 , 08:36:36 am | Posted By: CASANSAAR
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 number G.S.R. ...
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IGST under RCM on services provided by Overseeing Committee members to RBI
Posted Date : 16-Oct-2017 , 08:35:37 am | Posted By: CASANSAAR
In exercise of the powers conferred by sub-section (3) 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 further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No.10/2017- Integrated 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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CBEC amends Exemptions on supply of services under IGST Act, 2017
Posted Date : 16-Oct-2017 , 08:34:29 am | Posted By: CASANSAAR
- 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, 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.9/2017- Integrated Tax (Rate), dated the 28th June, 2017, published in the Gazett...
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Reverse charge mechanism u/s 5(4) of IGST Act suspended till 31.03.2018
Posted Date : 16-Oct-2017 , 08:33:38 am | Posted By: CASANSAAR
- 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, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby exempts the inter-State supply of goods or services or both received by a registered person from any supplier, who is not registered, from the whole of the integrated tax leviable thereon under sub-section (4) of section 5...
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IGST: Cross-empowerment of State Tax officers for processing & grant of refund
Posted Date : 16-Oct-2017 , 08:29:30 am | Posted By: CASANSAAR
G.S.R….(E).- In exercise of the powers conferred by section 4 of the Integrated Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the “IGST Act”), on the recommendations of the Council, the Central Government hereby specifies that the officers appointed under the respective State Goods and Services Tax Act, 2017 or the Union Territory Goods and Service Tax Act, 2017 (14 of 2017) (hereafter in this notification referred to as “th...
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GST not payable on inter-State supplies of taxable services by exempt persons
Posted Date : 16-Oct-2017 , 08:28:20 am | Posted By: CASANSAAR
G.S.R. …..(E).— In exercise of the powers conferred by section 20 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017) read with sub-section (2) of section 23 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 specifies the persons making inter-State supplies of taxable services and having an aggregate turnover, to be computed on al...
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New items been added to list of handicraft goods for IGST exemption
Posted Date : 16-Oct-2017 , 08:27:16 am | Posted By: CASANSAAR
G.S.R. …..(E).— —In exercise of the powers conferred by section 20 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017) read with sub-section (2) of section 23 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.8/2017- Integrated Tax, dated the 14th Septem...
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Seeks to exempt payment of tax under section 9(4) of the CGST Act, 2017 till 31.03.2017
Posted Date : 16-Oct-2017 , 08:25:32 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 amendment in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No.8/2017- Central Tax (Rate), dated the 28th June, 2017, published in the Gazette ...
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CBEC notifies Central Tax rate (GST) on leasing of motor vehicles
Posted Date : 16-Oct-2017 , 08:23:48 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 notifies the central tax on intra-State supplies of goods, the description of which is specified in column (3) of the Table below, falling under the tariff item, sub-heading, heading or Chapter as specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), as the case ...
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GST under RCM sale of Used vehicles, seized and confiscated goods, old and used goods
Posted Date : 16-Oct-2017 , 08:22:43 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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CBEC exempts GST on Duty Credit Scrips, Govt to Govt supplies and Changes related to actionable claim
Posted Date : 16-Oct-2017 , 08:21:17 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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CBEC amends GST Rate on various Products as per 22nd GST Council Decision
Posted Date : 16-Oct-2017 , 08:20:05 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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RCM on Supply of services by the members of Overseeing Committee to RBI
Posted Date : 16-Oct-2017 , 08:19:11 am | Posted By: CASANSAAR
GSR......(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 further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No.13/2017- Central Tax (Rate), dated the 28thJune, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vid...
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CBEC amendment in notification related to Exemptions on supply of services under CGST Act
Posted Date : 16-Oct-2017 , 08:18:09 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), 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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CBEC notifies GST Rate on Composite supply of works contract, Transport, GTA, Renting of Motor Vehicle etc
Posted Date : 16-Oct-2017 , 08:15:56 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 Finance...
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CBEC notifies revised turnover limit for opting Composition Scheme
Posted Date : 16-Oct-2017 , 08:13:22 am | Posted By: CASANSAAR
G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 10 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.8/2017- Central Tax, dated the 27 th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R....
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Central Goods and Services Tax (Ninth Amendment) Rules, 2017
Posted Date : 16-Oct-2017 , 08:11:43 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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Time limit to file Form GST ITC-01 for July, Aug, Sep extended to 31.10.2017
Posted Date : 16-Oct-2017 , 08:09:31 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 Commissioner, hereby extends the time limit for making a declaration, in FORM GST ITC-01, by the registered persons, who have become eligible during the months of July, 2017, August, 2017 and September, 2017, to the effect that they are eligible ...
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Time limit for filing of Form GSTR-6 for July, Aug, Sep extended to 15.11.2017
Posted Date : 16-Oct-2017 , 08:08:21 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) (hereinafter referred to as the said Act) and in supercession of notification No. 26/2017-Central Tax, dated the 28th August, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 1071 (E), dated the 28th August, 2017, except as respects things done or omitted to...
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Time limit to file FORM GSTR-5A for July, Aug, Sep extended to 20.11.2017
Posted Date : 16-Oct-2017 , 08:06:41 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) and section 20 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), and in supersession of notification No. 25/2017-Central Tax, dated the 28th August, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 1070 (E), dated the 28th August, 2017, except...
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GSTR-4 form for quarter July to Sep, 2017 can be submitted till 15.11.2017
Posted Date : 16-Oct-2017 , 08:04:31 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) (hereinafter referred to as the said Act), the Commissioner hereby extends the time limit for furnishing the return by a composition supplier, in FORM GSTR-4, under sub-section (2) of section 39 of the said Act read with rule 62 of the Central Goods and Services Tax Rules, 2017 for the quarter July to September, 2017 t...
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No GST on advance payment for small taxpayers with annual turnover less than Rs.1.5 crores
Posted Date : 16-Oct-2017 , 08:02:25 am | Posted By: CASANSAAR
G.S.R….(E).- In exercise of the powers conferred by section 148 of the Central Goods andServices Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the ‘saidAct’), the Central Government, on the recommendations of the Council, hereby notifies theregistered person whose aggregate turnover in the preceding financial year did not exceedone crore and fifty lakh rupees or the registered person whose aggregate turnover in the yearin which such person has obtai...
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GST - Cross-empower State Tax officers for processing and grant of refund
Posted Date : 16-Oct-2017 , 08:00:04 am | Posted By: CASANSAAR
G.S.R….(E).- In exercise of the powers conferred by sub-section (1) of section 6 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the “CGST Act”), on the recommendations of the Council, the Central Government hereby specifies that the officers appointed under the respective State Goods and Services Tax Act, 2017 or the Union Territory Goods and Service Tax Act, 2017 (14 of 2017) (hereafter in this notification referred...
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GST Notification - New items been added to list of handicraft goods
Posted Date : 16-Oct-2017 , 07:57:46 am | Posted By: CASANSAAR
G.S.R. 1252(E).—In exercise of the powers conferred by sub-section (2) of section 23 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. 32/2017- Central Tax, dated the 15th September, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vid...
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Master Circular –Scheme of Penalties for bank branches based on performance in rendering customer service to the members of public
Posted Date : 13-Oct-2017 , 07:53:02 am | Posted By: CASANSAAR
RBI/2017-18/76
DCM (CC) No.G-3/03.44.01/2017-18
October 12, 2017
The Chairman & Managing Director
Chief Executive Officers
All Banks
Master Circular –Scheme of Penalties for bank branches based on performance in rendering customer service to the members of public
Please refer to theCircular DCM (CC) No.G-3/03.44.01/2016-17 dated July 20, 2016on the scheme of penalties.
2. A revised and updated version on the subject isannexedfor information and necessary action.
3....
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Risk Management and Inter-Bank Dealings – Facilities for Hedging Trade Exposures invoiced in Indian Rupees
Posted Date : 13-Oct-2017 , 07:52:20 am | Posted By: CASANSAAR
RBI/2017-18/75
A.P. (DIR Series) Circular No. 08
October 12, 2017
To
All Authorized Dealer Category - I Banks
Madam / Sir,
Risk Management and Inter-Bank Dealings – Facilities for Hedging Trade Exposures invoiced in Indian Rupees
Attention of Authorized 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 M...
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Interest rates for Small Savings Schemes - RBI
Posted Date : 13-Oct-2017 , 07:51:21 am | Posted By: CASANSAAR
RBI/2017-18/74
DGBA.GBD.954/15.02.005/2017-18
October 12, 2017
The Chairman/Chief Executive Officer
Agency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014,
Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004
Dear Sir
Interest rates for Small Savings Schemes
Please refer to ourcircular DGBA.GBD.69/15.02.005/2017-18 dated July 13, 2017on the above subject. The Gov...
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Sovereign Gold Bonds Scheme, Operational Guidelines - RBI
Posted Date : 09-Oct-2017 , 08:05:44 am | Posted By: CASANSAAR
RBI/2017-18/72
IDMD.CDD.No.927/14.04.050/2017-18
October 06, 2017
The Chairman & Managing Director
All Scheduled Commercial Banks
(Excluding RRBs)
Designated Post Offices
Stock Holding Corporation of India ltd.(SHCIL)
National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd.
Dear Sir/Madam,
Sovereign Gold Bonds Scheme, Operational Guidelines
This has reference to theGoI notification F.No.4(25)-B/(W&M)/2017andRBI circular IDMD.CDD.No.929/14.04.050/2017-18...
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Sovereign Gold Bond Scheme - RBI
Posted Date : 09-Oct-2017 , 08:04:38 am | Posted By: CASANSAAR
RBI/2017-18/71
IDMD.CDD.No.929/14.04.050/2017-18
October 06, 2017
The Chairman & Managing Director
All Scheduled Commercial Banks,
(Excluding RRBs)
Designated Post Offices
Stock Holding Corporation of India Ltd.(SHCIL)
National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd.
Dear Sir/Madam,
Sovereign Gold Bond Scheme
Government of India has vide its Notification F.No. 4(25)-B/(W&M)/2017 dated October 06, 2017announced that the Sovereign Gold Bond Scheme...
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Maintenance of SLR and holdings of SLR in HTM category
Posted Date : 05-Oct-2017 , 07:44:00 am | Posted By: CASANSAAR
RBI/2017-18/70
DBR.No.Ret.BC.90/12.02.001/2017-18
October 4, 2017
All Commercial Banks,
Primary (Urban) Co-operative Banks (UCBs)
State and Central Co-operative Banks (StCBs/CCBs)
Madam/Dear Sir,
Section 24 and Section 56 of the Banking Regulation Act, 1949 –
Maintenance of SLR and holdings of SLR in HTM category
Please refer to ourcirculars DBR.No.BP.BC.65/21.04.141/2015-16 dated December 10, 2015andDBR.No.Ret.BC.71/12.01.001/2016-17 dated June 7, 2017on the captioned s...
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