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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Change in Bank Rate - RBI
Posted Date : 03-Aug-2017 , 06:42:56 am | Posted By: CASANSAAR
RBI/2017-18/34
DBR.No.Ret.BC.82/12.01.001/2017-18
August 02, 2017
The Chairperson / CEOs of all Scheduled and Non Scheduled Banks
Dear Sir / Madam,
Change in Bank Rate
Please refer to ourcircular DBR.No.Ret.BC.58/12.01.001/2016-17 dated April 06, 2017on the captioned subject.
2. As announced in theThird Bi-Monthly Monetary Policy Statement 2017-18 dated August 02, 2017, the Bank Rate stands adjusted by 25 basis points from 6.50 per cent to 6.25 per cent with effect from August...
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RBI |
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Standing Liquidity Facility for Primary Dealers - RBI
Posted Date : 03-Aug-2017 , 06:42:12 am | Posted By: CASANSAAR
RBI/2017-2018/33
REF.No.MPD.BC.382/07.01.279/2017-18
Shravana 11,1939 (Saka)
August 2, 2017
To
All Primary Dealers
Dear Sir/Madam,
Standing Liquidity Facility for
Primary Dealers
Please refer to theThird Bi-monthly Monetary Policy Statement, 2017-18 - Resolution of the Monetary Policy Committee (MPC), in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 25 basis points from 6.25 per cent to 6.0 per cent with immediate effect.
2...
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RBI |
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Liquidity Adjustment Facility – Repo and Reverse Repo Rates
Posted Date : 03-Aug-2017 , 06:41:28 am | Posted By: CASANSAAR
RBI/2017-2018/32
FMOD.MAOG. No 121/01.01.001/2017-18
August 2, 2017
All Scheduled Commercial Banks (excluding RRBs), Scheduled Urban Co-operative Banks and Standalone Primary Dealers
Madam / Sir,
Liquidity Adjustment Facility – Repo and Reverse Repo Rates
As announced in theThird Bi-monthly Monetary Policy Statement, 2017-18, today, it has been decided by the Monetary Policy Committee (MPC) to reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis po...
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RBI |
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Marginal Standing Facility - RBI
Posted Date : 03-Aug-2017 , 06:40:36 am | Posted By: CASANSAAR
RBI/2017-2018/31
FMOD.MAOG. No. 122/01.18.001/2017-18
August 2, 2017
All Scheduled Commercial Banks (excluding RRBs) Scheduled UCBs & PDs
Madam / Sir,
Marginal Standing Facility
As announced in theThird Bi-monthly Monetary Policy Statement, 2017-18, today, it has been decided by the Monetary Policy Committee (MPC) to reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 6.25 per cent to6.0 per centwith immediate effect.
Consequent to th...
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RBI |
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IGST to be levied on High sea sales - CBEC
Posted Date : 03-Aug-2017 , 06:39:04 am | Posted By: CASANSAAR
Leviability of Integrated Goods and Services Tax (IGST) on High Sea Sales of imported goods and point of collection thereof-reg....
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GST |
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Companies (Incorporation) Second Amendment rules, 2017
Posted Date : 31-Jul-2017 , 08:04:22 am | Posted By: CASANSAAR
G.S.R... (E)- In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (lncorporation) Rules, 2014, namely: -
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Companies Act |
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GST - Exporter eligible for refund of Compensation Cess paid on exports
Posted Date : 28-Jul-2017 , 07:38:37 am | Posted By: CASANSAAR
F.No.354/136/2017-TRU
Government of India
Ministry of Finance
Department of Revenue
(Tax Research Unit)
*****
New Delhi, Dated 26th July, 2017
To
Principal Chief Commissioners/Principal Directors General,
Chief Commissioners/Directors General,
Principal Commissioners/Commissioners,
All under CBEC.
Madam/Sir,
Subject: Clarification regarding applicability of section 16 of the IGST Act, 2017, relating to zero rated supply for the purpose of Compensation Cess on exports...
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GST |
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CBEC notifies amendment related to AIRs of duty drawback
Posted Date : 28-Jul-2017 , 07:35:50 am | Posted By: CASANSAAR
MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 26th July, 2017
No. 73/2017-CUSTOMS (N.T.)
G.S.R. 954(E).—In exercise of the powers conferred by sub-sections (2) and (3) of section 75 of the Customs Act, 1962 (52 of 1962) and sub-section (2) of section 37 of the Central Excise Act, 1944 (1 of 1944), read with rules 3, 4 and 5 of the Customs, Central Excise Duties and Service Tax Drawback Rules, 1995, the Central Government hereby amend the notification of t...
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Custom |
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Appointment of Statutory Central Auditors (SCAs) – modification of rest period
Posted Date : 27-Jul-2017 , 10:13:08 pm | Posted By: CASANSAAR
RBI/2017-18/29
DBS.ARS.BC.04/08.91.001/2017-18
July 27, 2017
The Chief Executive Officers
All Indian Private Sector Banks/ All Foreign Banks operating in India
Dear Sir/Madam,
Appointment of Statutory Central Auditors (SCAs) – modification of rest period
Please refer to DBS.No.ARS.BC.8/08.91.001/2000-2001 dated January 30, 2001 addressed to private sector banks in terms of which, inter alia, an audit firm, subject to its fulfilling the prescribed eligibility norms will be ...
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RBI |
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Clarifications on computation of book profit for the purposes of levy of MATunder section 115JB of the Income-tax Act, 1961
Posted Date : 26-Jul-2017 , 12:33:39 pm | Posted By: Md Irsad Alam
Central Government notified the Indian Accounting Standards (Ind AS) which are converged with International Financial Reporting Standards (IFRS) vide Companies (Indian Accounting Standards) Rules, 2015. Consequently, the Finance Act, 2017, has amended the provisions of section 115JB of the Income-tax Act, 1961 (‘the Act’) for Ind AS compliant companies w.e.f. 1st day of April, 2017 (A.Y. 2017-18). The Central Board of Direct Taxes ('the Board ') has received representations f...
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Income Tax |
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Master Direction - Lending to Micro, Small & Medium Enterprises (MSME) Sector
Posted Date : 26-Jul-2017 , 12:24:09 pm | Posted By: Md Irsad Alam
As you are aware, the Reserve Bank of India has, from time to time, issued a number of guidelines / instructions / circulars / directives to banks in the matters relating to lending to Micro, Small & Medium Enterprises Sector. TheMaster Directionenclosed incorporates the updated guidelines / instructions / circulars on the subject. The list of circulars consolidated in this Master Direction is indicated in theAppendix. The Direction will be updated from time to time as and when fresh instruc...
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RBI |
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Clarification regarding applicability of exemption given to certain private companies under section 143(3)(i) of the Companies Act, 2013
Posted Date : 26-Jul-2017 , 07:56:04 am | Posted By: CASANSAAR
F.No. 1/V2014- CL-V
Government of India
Ministry of Corporate Affairs
Dated: 25th July, 2017
5th Floor, ‘A’ Wing, Shastri Bhawan,
Dr. R. P. Road, New Delhi.
To
All Regional Directors,
All Registrar of Companies,
All Stakeholders.
Sub: Clarification regarding applicability of exemption given to certain private companies under section 143(3)(i) of the Companies Act, 2013- reg.
Sir,
Stakeholders have drawn attention of this Ministry to the serial no. 5 ...
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Companies Act |
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GST - Extension of date for filing option for composition scheme
Posted Date : 21-Jul-2017 , 06:35:22 pm | Posted By: CASANSAAR
In exercise of the powers conferred by section 168 of the Central Goods and Services Tax Act, 2017, the Board hereby extends the period for filing an intimation in FORM GST CMP-01 under sub-rule (1) of rule (3) of the Central Goods and Services Tax Rules, 2017 upto 16th August, 2017....
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GST |
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Master Circular – Detection and Impounding of Counterfeit Notes
Posted Date : 21-Jul-2017 , 06:09:35 am | Posted By: CASANSAAR
RBI/2017-18/26
DCM (FNVD) G – 4/16.01.05/2017-18
July 20, 2017
The Chairman/ Managing Director /Chief Executive Officer
All Banks and
Director of Treasuries of all States
Dear Sir / Madam,
Master Circular – Detection and Impounding of Counterfeit Notes
Please refer to theMaster Circular DCM (FNVD) G-6/16.01.05/2016-17 dated July 20, 2016consolidating the instructions issued till July 20, 2016, relating to Detection and Impounding of Counterfeit Notes. TheMaster Circ...
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RBI |
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CBDT Amends Form No. 3CEFA related to Application for Opting for Safe Harbour
Posted Date : 20-Jul-2017 , 09:45:55 am | Posted By: CASANSAAR
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION NO. 62/2017
New Delhi, the 18th July, 2017
INCOME-TAX
G.S.R. 891(E).—Inexercise of the powers conferred by section 295 read with sub-section (2) of section 92CB 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 theIncome-tax (21stAm...
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CBDT |
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CBDT Clarifies, No TDS on GST paid or payable on services when GST is separately shown in invoice
Posted Date : 19-Jul-2017 , 05:12:23 pm | Posted By: CASANSAAR
CBDT Circular regarding deduction of TDS on GST component.
CBDT substituted the word ‘’Service Tax’’ by ‘’Goods and Services Tax (GST)’’ in circular no. 1/2014 issued on 13 Jan 2014. So, there is no need to deduct TDS on GST component if shown separately on invoice.
...
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GST |
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Auction for Sale (Re-issue) of 6.57% Government Stock 2033
Posted Date : 18-Jul-2017 , 11:37:04 am | Posted By: Md Irsad Alam
Government of India hereby notifies sale (re-issue) 6.57 percent Government Stock 2033 of for an aggregate amount of₹ 2,000crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Notification’) as also the terms and conditions specified in the General Notification F. No. 4 (13)–W&M/2008, dated October 8, 2008 issued by Government of India.
Method of Issue2. The Stock will be sold through Reserve Bank of India...
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RBI |
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Auction for Sale (Re-issue) of 6.79% Government Stock 2029
Posted Date : 18-Jul-2017 , 11:33:53 am | Posted By: Md Irsad Alam
Government of India hereby notifies sale (re-issue) of 6.79 percent Government Stock 2029 for an aggregate amount of₹ 7,000crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Notification’) as also the terms and conditions specified in the General Notification F. No. 4 (13)–W&M/2008, dated October 8, 2008 issued by Government of India.
Method of Issue2. The Stock will be sold through Reserve Bank of India...
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RBI |
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Auction for Sale (Re-issue) of 6.84 per cent Government Stock 2022
Posted Date : 18-Jul-2017 , 11:32:26 am | Posted By: Md Irsad Alam
Government of India hereby notifies sale (re-issue) of‘6.84 percent Government Stock 2022’(hereinafter called 'the Stock') for an aggregate amount of₹ 3,000 crore(nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Notification’) as also the terms and conditions specified in the General Notification F. No. 4 (13)–W&M/2008, dated October 8, 2008 issued by Government of India.
Method of Issue2. The Sto...
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RBI |
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Auction of Government of India Dated Securities
Posted Date : 18-Jul-2017 , 11:30:58 am | Posted By: Md Irsad Alam
Government of India has offered to sell (re-issue) four dated securities for notified amount ofRs 15,000 croreas per the following details:
Sr No
Security
Notified Amount(in Rs crore)
GoI Notification
Auction Date
Settlement date
1
6.84% GS 2022
3,000
4(7)-W&M/2017dated July 17, 2017.
July 21, 2017(Friday)
July 24, 2017(Monday)
2
6.79% GS 2029
7,000
4(7)-W&M/2017(i)dated July 17, 2017.
3
6.57% GS 2033
2,000
4(7)-W&M/2017(ii)dated July 17, 2017.
...
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RBI |
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Advisory to trade for issues related to GST Migration and New Registrations
Posted Date : 17-Jul-2017 , 07:47:49 am | Posted By: CASANSAAR
Office of the Commissioner of sales Tax,
Maharashtra State,
8th Flr., Vikrikar Bhavan,
Mazgaon, Mumbai-400010
TRADE CIRCULAR No. JCST/Mahavikas/GST Enrollment/2017-18/B-405Mumbai, Dt. 15/07/2017
Trade Circular No. 31T of 2017
Subject: Advisory to trade for issues related to GST Migration and New Registrations.
The GST Enrollment process for existing taxpayers from Maharashtra State has been started from 11th November 2016 and New Registration Process on GST Portal has been started...
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GST |
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Recording of Details of Transactions in Passbook/Statement of Account by Co-operative Banks
Posted Date : 14-Jul-2017 , 06:56:16 am | Posted By: CASANSAAR
RBI/2017-18/24
DCBR.BPD.(PCB/RCB).Cir.No.02/12.05.001/2017-18
July 13, 2017
The Chief Executive Officer
All Primary (Urban) Co-operative Banks/
All State Co-operative Banks/
All District Central Co-operative Banks
Dear Sir/Madam,
Recording of Details of Transactions in Passbook/Statement of Account by Co-operative Banks
Please refer to ourcircular UBD.CO.BPD.(PCB).No.18/12.05.001/2010-11 dated October 26, 2010and para 4.6.3 of Annex to ourcircular RPCD.CO.RCB.BC.No.36/07.51.01...
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RBI |
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Revision in funding limits, Audio-visual content and provision of hand held projectors
Posted Date : 14-Jul-2017 , 06:55:19 am | Posted By: CASANSAAR
RBI/2017-18/23
FIDD.FLC.BC.No.11/12.01.018/2017-18
July 13, 2017
To Chairman/MD & CEO
Scheduled Commercial Banks
(Including RRBs & Small Finance Banks)
Dear Sir/Madam,
Financial Literacy by FLCs (Financial Literacy Centres) and rural branches - Revision in funding limits, Audio-visual content and provision of hand held projectors
Please refer to ourcircular FIDD.FLC.BC.No.22/12.01.018/2016-17 dated March 2, 2017on policy review of guidelines for FLCs and rural branches ...
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RBI |
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Interest rates for Small Savings Schemes
Posted Date : 14-Jul-2017 , 06:54:25 am | Posted By: CASANSAAR
RBI/2017-18/22
DGBA.GBD. 69/15.02.005/2017-18
July 13, 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.GAD.2618/15.02.005/2016-17 dated April 6, 2017on the above subject. The Government of India, had vide their Office Memorandum (OM) No.F.No.01/04/2016–NS dated June ...
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RBI |
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Investment in plant and machinery for the purpose of classification as Micro, Small and Medium Enterprises – documents to be relied upon
Posted Date : 14-Jul-2017 , 06:53:32 am | Posted By: CASANSAAR
RBI/2017-18/21
FIDD.MSME & NFS.BC.No.10/06.02.31/2017-18
July 13, 2017
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Dear Sir / Madam,
Investment in plant and machinery for the purpose of classification as Micro, Small and Medium Enterprises – documents to be relied upon
Please refer to ourMaster Direction FIDD.MSME&NFS.3/06.02.31/2016-17 dated July 21, 2016on ...
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RBI |
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