Due dates for furnishing details/Returns for the months of July 2017 and August, 2017 Extended
Posted Date : 06-Sep-2017 , 10:04:08 pm | Posted By: CASANSAAR
G.S.R. …..(E).— In exercise of the powers conferred by the second proviso to sub-section (1) of section 37, 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) and in supersession of notifications No. 18/2017-Central Tax, dated the 8th August, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 994 (E) dated the 8t...
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GST |
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System based reconciliation of information furnished in FORM GSTR-1 and FORM GSTR-2 with FORM GSTR-3B
Posted Date : 04-Sep-2017 , 08:23:21 am | Posted By: CASANSAAR
Sections 37, 38 and section 39 of the CGST Act, 2017(hereinafter referred to as ‘the Act’) read with rules 59, 60 and 61 of the CGST Rules, 2017(hereinafter referred to as ‘the Rules’) require every registered person to furnish details of outward supplies made in a month in FORM GSTR-1, details of inward supplies received in a month in FORM GSTR-2 and a return in FORM GSTR-3 by the 10th, 15th and 20thof the next month respectively. Keeping in view that taxpayers may face ...
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GST |
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No late fee for late filing of FORM GSTR-3B, for the month of July
Posted Date : 01-Sep-2017 , 09:39:30 pm | Posted By: CASANSAAR
G.S.R. ( )E.:- In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby waives the late fee payable under section 47 of the said Act, for all registered persons who failed to furnish the return in FORM GSTR-3B for the month of July, 2017 by the due date. ...
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GST |
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CBDT extends due date for tax audit and return filing from 30th Sept. to 31st Oct
Posted Date : 01-Sep-2017 , 09:04:49 am | Posted By: CASANSAAR
CBDT extends due date for tax audit and return filing from 30th Sept. to 31st Oct 2017....
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CBDT |
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Govt. notifies Eway Bill Rules - FORM GST EWB-01
Posted Date : 30-Aug-2017 , 10:09:55 pm | 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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Extension of time period for filing of details in FORM GSTR-6 for months of July & August.
Posted Date : 29-Aug-2017 , 08:24:17 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) (hereafter in this notification referred to as “the said Act”), the Commissioner, hereby extends the time limit for furnishing the return by an Input Service Distributor under sub-section (4) of section 39 of the said Act read with rule 65 of the Central Goods and Services Tax Rules, 2017, for the month as ...
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GST |
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Extension of Time period for filing of details in FORM GSTR-5A for month of July
Posted Date : 29-Aug-2017 , 08:22:04 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), the Commissioner, hereby extends the time limit for furnishing the return for the month of July, 2017, by a person supplying online information and database access or retrieval services from a place outside India to a non-taxable online rec...
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GST |
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Seeks to amend notification No. 17/2017-CT(R) to make ECO responsible for payment of GST on services provided by way of house-keeping such as plumbing, carpentering etc.
Posted Date : 23-Aug-2017 , 07:29:22 am | Posted By: CASANSAAR
G.S.R......(E).- In exercise of the powers conferred by sub-section (5) 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.17/2017- Central 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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Seeks to amend notification No. 13/2017-CT(R) to amend RCM provisions for GTA and to insert explanation for LLP.
Posted Date : 23-Aug-2017 , 07:28:07 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 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 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide numbe...
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GST |
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Seeks to amend notification No. 12/2017-CT(R) to exempt services provided by Fair Price Shops to Government and those provided by and to FIFA for FIFA U-17
Posted Date : 23-Aug-2017 , 07:26:49 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 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 in the Ga...
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GST |
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Seeks to amend notification No. 11/2017-CT(R) to reduce CGST rate on specified supplies of Works Contract Services, job work for textile & textile products, printing service of books, newspapers etc, admission to planetarium
Posted Date : 23-Aug-2017 , 07:25:30 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 amendments in the notification of the Government of India, in the Ministry of Finance (Depa...
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GST |
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CBDT notifies revised Form no. 29B for MAT Audit
Posted Date : 21-Aug-2017 , 09:38:40 pm | Posted By: CASANSAAR
G.S.R. 1028(E).—In exercise of the powers conferred by sub-section (4) of section 115JB 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. (1) These rules may be called the Income-tax (22nd Amendment), Rules, 2017.
(2) They shall come into force from the date of their publication in the official Gazette.
2. In the Income-tax Rules, 1962, &m...
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CBDT |
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Submit note in respect of each high-pitched assessment case - RS
Posted Date : 21-Aug-2017 , 08:49:07 am | Posted By: CASANSAAR
F.No. 225/ 287 /2017/ITA.II
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi, the 18th August, 2017
To
All Pr. Chief Commissioners of Income Tax,
Sir,
Subject: Functioning of Regional Committees to deal with Tax Payer Grievances from High Pitched Assessments-reg.
Kindly refer to the above mentioned subject.
2. In April, 2017, Board had called for all India information regarding functioning of Regional Committees to dea...
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Income Tax |
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CBEC notifies 18% GST rate on supply of tractor parts
Posted Date : 21-Aug-2017 , 08:46:54 am | Posted By: CASANSAAR
CBEC notifies 18% GST rate on supply of tractor parts...
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GST |
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CBEC releases FAQs on IT and Jewellery sectors under GST
Posted Date : 21-Aug-2017 , 08:40:29 am | Posted By: CASANSAAR
CBEC releases FAQs on IT and Jewellery sectors under GST...
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GST |
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CBEC explains concept of Special Audit, Provisional Assessment, Debit Note and Credit Note under GST
Posted Date : 21-Aug-2017 , 08:36:03 am | Posted By: CASANSAAR
CBEC explains concept of Special Audit, Provisional Assessment, Debit Note and Credit Note under GST...
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GST |
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CBEC notifies Rules reversal of credit of Additional duty of Customs on Gold dore bar and Other Changes
Posted Date : 18-Aug-2017 , 08:04:22 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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GSTR-3B due date extended with Conditions; No Change in due date of Payment
Posted Date : 18-Aug-2017 , 08:00:53 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) (hereafter in this notification referred to as “the said Act”) 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”) and notification No. 21/2017- Central Tax dated 08th August, 2017 published in the Gazette of India, Extraordinary, Part II, Section 3, S...
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GST |
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Interest Subvention Scheme for Short Term Crop Loans during the year 2017-18
Posted Date : 17-Aug-2017 , 08:26:22 am | Posted By: CASANSAAR
RBI/2017-18/48
FIDD.CO.FSD.BC.No.14/05.02.001/2017-18
August 16, 2017
The Chairman / Managing Director & CEOs
All Public & Private Sector Scheduled Commercial Banks
Madam/Dear Sir:
Interest Subvention Scheme for Short Term Crop Loans during the year 2017-18
Please refer to our circularFIDD CO.FSD.BC.No.29/05.02.001/2016-17 dated May 25, 2017conveying continuation of Interest Subvention Scheme on the interim basis. In this regard, it is advised that Government of India ha...
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RBI |
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Core Banking Solution (CBS) Requirements for Urban Co-operative Banks (UCBs)
Posted Date : 17-Aug-2017 , 08:25:28 am | Posted By: CASANSAAR
RBI/2017-18/47
DCBR.BPD.PCB.Cir.No.03/09.18.300/2017-18
August 16, 2017
Chief Executive Officers
All Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Core Banking Solution (CBS) Requirements for Urban Co-operative Banks (UCBs)
Please refer to ourcircular DCBR.CO.PCB.Cir.No.14/09.18.300/2015-16 dated April 13, 2016announcing the Scheme for providing financial assistance to urban co-operative banks for implementation of Core Banking Solution (CBS).
2. As stated therein, a d...
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RBI |
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Reserve Bank Commercial Paper Directions, 2017
Posted Date : 11-Aug-2017 , 12:00:13 pm | Posted By: CASANSAAR
RBI/2017-18/43
FMRD.DIRD.2/14.01.002/2017-18
August 10, 2017
To
All market participants
Dear Sir/Madam
Reserve Bank Commercial Paper Directions, 2017
Reserve Bank had issued draft directions on Commercial Paper for public comments on February 02, 2017. Taking into account the comments received, The Reserve Bank Commercial Paper Directions, 2017 have been finalised andenclosedherewith.
Yours faithfully
(T. Rabi Sankar)
Chief General Manager...
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RBI |
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Tri-Party Repo (Reserve Bank) Directions, 2017
Posted Date : 11-Aug-2017 , 11:58:28 am | Posted By: CASANSAAR
RBI/2017-18/42
FMRD.DIRD.4/14.03.024/2017-18
August 10, 2017
To
All market participants
Dear Sir/Madam
Tri-Party Repo (Reserve Bank) Directions, 2017
Please refer to Paragraph 6 of thestatement on Developmental and Regulatory Policies, Reserve Bank of India issued as part of thethird Bi-monthly Monetary Policy Statement for 2017-18 dated August 2, 2017regarding introduction of tri-party repos.
2. The draft tri-party directions were released for public comments on April 11, ...
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RBI |
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Risk Management and Interbank Dealings- Reports to the Reserve Bank
Posted Date : 11-Aug-2017 , 11:57:11 am | Posted By: CASANSAAR
RBI/2017-18/41
A .P. (DIR Series) Circular No. 3
August 10, 2017
To
All Authorised Dealer Category - I Banks
Madam / Sir,
Risk Management and Interbank Dealings- Reports to the Reserve Bank
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 May 3, 2000) andMaster Directions on Risk Manag...
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RBI |
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Date for filing of GSTR-3B - CBEC
Posted Date : 08-Aug-2017 , 09:22:52 pm | Posted By: CASANSAAR
G.S.R. …..(E).— In exercise of the powers conferred by sub-rule (5) of rule 61 of the Central Goods and Services Tax Rules, 2017, read with section 168 of the Central Goods and Services Act, 2017 (12 of 2017), the Commissioner, on the recommendations of the Council, specifies that the return for the month as specified in column (2) of the Table below shall be furnished in FORM GSTR-3B electronically through the common portal before the dates as specified in the corresponding entry i...
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GST |
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Time period for filing of details in FORM GSTR-3
Posted Date : 08-Aug-2017 , 09:21:21 pm | Posted By: CASANSAAR
G.S.R. …..(E).—In exercise of the powers conferred by the sub-section (6) of section 39 read with section 168 of the Central Goods and Services Act, 2017 (12 of 2017), the Commissioner, on the recommendations of the Council, hereby extends the time limit for furnishing the return under sub-section (1) of section 39 of the said Act for the month as specified in column (2) of the Table below, within the period as specified in the corresponding entry in column (3) of the said Table, na...
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GST |
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Time period for filing of details of inward supplies in FORM GSTR-2
Posted Date : 08-Aug-2017 , 09:20:59 pm | Posted By: CASANSAAR
G.S.R. …..(E).— In exercise of the powers conferred by the first proviso to sub-section (2) of section 38 read with section 168 of the Central Goods and Services Act, 2017 (12 of 2017), the Commissioner, on the recommendations of the Council, hereby extends the time limit for furnishing the details specified in sub-section (2) of section 38 of the said Act for the month as specified in column (2) of the Table below, within the period as specified in the corresponding entry in column...
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GST |
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Time period for filing of details of outward supplies in FORM GSTR-1
Posted Date : 08-Aug-2017 , 09:19:07 pm | 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 extends the time limit for furnishing the details as specified in sub-section (1) of section 37 of the said Act for the month as specified in column (2) of the Table below, within the period as specified in the corresponding entry i...
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GST |
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Government Banking - Issue of Letters of Credit and Bank Guarantee
Posted Date : 04-Aug-2017 , 08:27:50 am | Posted By: CASANSAAR
RBI/2017-18/39
DGBA.GBD.No.279/31.02.007/2017-18
August 3, 2017
All Agency Banks
Dear Sir / Madam
Government Banking - Issue of Letters of Credit and Bank Guarantee
Please refer to Circular No. DGBA.GAD.No.H.6254/31.03.002/2011-12 dated March 28, 2012 regarding procedure relating to Letter of Credit (LC) enclosing a copy of letter dated November 30, 2011 issued by the Office of Controller General of Account.
2. A review has been undertaken on the entire gamut of LC/BG transact...
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RBI |
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Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standard
Posted Date : 03-Aug-2017 , 06:44:58 am | Posted By: CASANSAAR
RBI/2017-18/36
DBR.BP.BC.No. 81/21.04.098/2017-18
August 02, 2017
All Scheduled Commercial Banks
(excluding RRBs)
Dear Sir/Madam,
Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standard
Please refer to our circularDBOD.BP.BC.No.120/21.04.098/2013-14 dated June 9, 2014“Basel III Framework on Liquidity ...
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RBI |
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Issue of comprehensive Credit Information Reports- RBI
Posted Date : 03-Aug-2017 , 06:43:45 am | Posted By: CASANSAAR
RBI/2017-18/35
DBR.CID.BC.No.79/20.16.042/2017-18
August 2, 2017
All Credit Information Companies
Dear Sir/Madam
Issue of comprehensive Credit Information Reports
Please refer to para (v) of Annex IV to ourcircular DBOD.No.CID.BC.127/20.16.056/2013-14 dated June 27, 2014advising Credit Information Companies (CICs) to include information on all accounts, both current and past, of a customer having mu...
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RBI |
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