Govt notifies Integrated Goods and Services Tax Rules, 2017
Posted Date : 29-Jun-2017 , 08:16:34 am | Posted By: CASANSAAR
G.S.R. (E).- In exercise of the powers conferred by section 22 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017) read with section 20 of the said Act, the Central Government hereby makes the following rules, namely:-...
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Govt notifies certain sections of IGST Act, 2017 w.e.f 01.07.2017
Posted Date : 29-Jun-2017 , 08:14:40 am | Posted By: CASANSAAR
G.S.R. …..(E).— In exercise of the powers conferred by sub-section (3) of section 1 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), the Central Government hereby appoints the 1st day of July, 2017, as the date on which the provisions of sections 4 to 13, 16 to 19, 21, 23 to 25 of the said Act, shall come into force...
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Govt notifies rates of integrated tax on Petroleum operations
Posted Date : 29-Jun-2017 , 08:08:19 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 Council, hereby exempts inter-State supplies of goods, the description of which is specified in column (3) of the Table below read with relevant List appended hereto and falling under the tariff item, sub-heading, heading or Chapt...
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Govt notifies List of Goods exempt from integrated tax under IGST Act, 2017
Posted Date : 29-Jun-2017 , 08:05:41 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 exempts inter-State supplies of goods, the description of which is specified in column (3) of the Schedule appended to this notification, falling under the tariff item, sub-heading, heading o...
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Govt notifies Item wise and Integrated Tax Rate wise List of Goods
Posted Date : 29-Jun-2017 , 08:02:16 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 notifies the rate of the integrated tax of-
(i) 5 per cent. in respect of goods specified in Schedule I,
(ii) 12 per cent. in respect of goods specified in Schedule II,
(iii) 18 per cent. in respect of goods specified in Schedule III,
(iv) 28 per cent. in respect of goods speci...
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Notification prescribe refund of 50% of IGST on supplies to CSD U/S 20
Posted Date : 29-Jun-2017 , 07:57:56 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 section 55 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby specifies the Canteen Stores Department (hereinafter referred to as the CSD), under the Ministry of Defence, as a person who shall be entitled to claim a refund of fifty per cent. of the applicable integrated tax paid by...
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Govt. allows EVC verification via common portal for GST documents wef 22-06-2017
Posted Date : 29-Jun-2017 , 07:53:46 am | Posted By: CASANSAAR
G.S.R. (E).- In pursuance of sub-rule (1) of rule 26 of the Central Goods and Services Tax Rules, 2017, the Central Board of Excise and Customs hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.6/2017-Central Tax, dated the 19th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 608 (E), dated the 19th June, 2017, namely:-...
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Govt. notifies number of digit of HSN code to be mentioned in tax invoice
Posted Date : 29-Jun-2017 , 07:50:38 am | Posted By: CASANSAAR
G.S.R. …..(E).— In pursuance of the first proviso to rule 46 of the Central Goods and Services Tax Rules, 2017, the Central Board of Excise and Customs, on the recommendations of the Council, hereby notifies that a registered person having annual turnover in the preceding financial year as specified in column (2) of the Table below shall mention the digits of Harmonised System of Nomenclature (HSN) Codes, as specified in the corresponding entry in column (3) of the said Table, in a ...
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Govt. notifies list of goods not eligible for refund in case of unutilized credit
Posted Date : 29-Jun-2017 , 07:47:37 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) read with section 20 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017) the Central Government, on the recommendations of the Council, hereby notifies the goods, the description of which is specified in column (3) of the Table below and falling under the tariff item, heading, sub-heading or Chapter, as the case m...
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Govt. notifies list of goods on which IGST paid under reverse charge
Posted Date : 29-Jun-2017 , 07:45:41 am | Posted By: CASANSAAR
G.S.R. (E).- 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 specifies the supply of goods, the description of which is specified in column (3) of the Table below and falling under the tariff item, subheading, heading or Chapter, as the case may be, as specified in the corresponding entry in column (2) of the said Table, made by the person as ...
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Govt. notifies remaining CGST rules, 2017 applicable from 1st July 2017
Posted Date : 29-Jun-2017 , 07:42:56 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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Govt Notified GST to be made effective from July 1, 2017
Posted Date : 29-Jun-2017 , 07:40:35 am | Posted By: CASANSAAR
G.S.R. …..(E).— In exercise of the powers conferred by sub-section (3) of section 1 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government hereby appoints the 1st day of July, 2017, as the date on which the provisions of sections 6 to 9, 11 to 21, 31 to 41, 42 except the proviso to sub-section (9) of section 42, 43 except the proviso to sub-section (9) of section 43, 44 to 50, 53 to 138, 140 to 145, 147 to 163, 165 to 174 of the said Act, shall come int...
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Review of Offer for Sale (OFS) of Shares through Stock Exchange Mechanism
Posted Date : 28-Jun-2017 , 02:06:07 pm | Posted By: Md Irsad Alam
1. Comprehensive guidelines on Offer for Sale of Shares through stock exchange mechanism were issued vide circular no CIR/MRD/DP/18/2012 dated July 18, 2012. These guidelines have been modified from time to time based on the representation/suggestion received from various stakeholders.
2. Based on the representation received and in order to further streamline the process of OFS with an objective to encourage greater participation by employees, the existing provision with respect to restriction ...
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SEBI |
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GST Circular - Proper officer for provisions relating to Registration and Composition levy under the CGST Act, 2017
Posted Date : 27-Jun-2017 , 07:46:39 am | Posted By: CASANSAAR
In exercise of the powers conferred by Clause (91) of section 2 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the Act) read with Section 20 of the Integrated Goods and Services Tax Act (13 of 2017) and subject to sub-section (2) of section 5 of the said Act, the Board, hereby assigns the officers mentioned in Column (2) of the Table below, the functions as the proper officers in relation to the various sections of the of the said Act or the rules made t...
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Payment of agency commission for government receipts
Posted Date : 23-Jun-2017 , 06:55:51 am | Posted By: CASANSAAR
RBI/2016-17/327
DGBA.GBD.No.3333/31.02.007/2016-17
June 22, 2017
All Agency Banks
Dear Sir / Madam
Payment of agency commission for government receipts
Please refer toCircular No. DGBA.GAD.7575/31.12.011/2011-12 dated May 22, 2012regarding the rationalisation and revision of agency commission payable to agency banks on government transactions undertaken by them.
2. As you are aware, the agency commission on government receipts is paid by Reserve Bank per transaction basis. In ...
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Recording of Details of Transactions in Passbook/ Statement of Account
Posted Date : 23-Jun-2017 , 06:54:58 am | Posted By: CASANSAAR
RBI/2016-17/326
DBR.No.Leg.BC.76/09.07.005/2016-17
June 22, 2017
All Scheduled Commercial Banks (including RRBs)
All Small Finance Banks and Payments Banks
Dear Sir/ Madam,
Recording of Details of Transactions in Passbook/ Statement of Account
Please refer to instructions contained in Paragraphs 6 and 7 of ourcircular DBOD.No.Leg.BC.74/09.07.005/2003-04 dated April 10, 2004on "Committee on Procedures and Performance Audit on Public Services - Report No. 3 - Banking Operatio...
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Relaxation on Auditor’s rotation for Private companies having paid up share capital of 50 crore
Posted Date : 23-Jun-2017 , 06:53:17 am | Posted By: CASANSAAR
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 22nd June, 2017
G.S.R. 621(E).– In exercise of the powers conferred by section 139 read with 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 (Audit and Auditors) Rules, 2014, namely:-
1. Short title and commencement.-
(1) These rules may be called the Companies (Audit and Auditors) Second Amendment...
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Companies Act |
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Service Tax Return for period April 2017 to June 2017 can be filed upto 15th Aug 2017
Posted Date : 22-Jun-2017 , 08:29:19 pm | Posted By: CASANSAAR
Service tax return due date for period april 2017 to june 2017 is 15th August 2017,Notification No- ST-18/2017 dt 22.06.2017
Finance Ministry notifies filing of Service Tax Returns in Form ST-3 / ST-3C for the period April – June 2017 byAugust 15; Revised Return for said period shall be submitted within a period of 45 days from date of submission of return under Rule 7 of Service Tax Rules.
...
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Deposit of specified bank notes with Reserve Bank of India
Posted Date : 22-Jun-2017 , 06:55:25 am | Posted By: CASANSAAR
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 20th June, 2017
G.S.R. 611(E).-In exercise of the powers conferred by sub-section (1) of Section 11 of the Specified Bank Notes (Cessation of Liabilities) Act, 2017 ( 2 of 2017), the Central Government hereby makes the following rules, namely:-
1. Short title and commencement.-
(1) These rules may be called the Specified Bank Notes (Deposit by Banks, Post Offices and District Central Cooperative ...
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CBEC notifies CGST Rules, 2017 w.e.f. 22.06.2017
Posted Date : 20-Jun-2017 , 09:42:28 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, namely:-
Chapter I
PRELIMINARY
1. Short title, Extent and Commencement.- (1) These rules may be called the Central Goods and Services Tax Rules, 2017.
(2) They shall come into force with effect from 22nd June, 2017....
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CBEC notifies Modes of verification under CGST Rules, 2017
Posted Date : 20-Jun-2017 , 09:37:20 am | Posted By: CASANSAAR
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF EXCISE AND CUSTOMS
Notification No. 6/2017 — Central Tax
New Delhi, the 19th June, 2017
G.S.R. (E).- In exercise of the powers conferred by sub-rule (1) of rule 26 of the Central Goods and Services Tax Rules, 2017 (hereinafter referred to as the said Rules), the Central Board of Excise and Customs hereby notifies the following modes of verification, for the purpose of the said rule, namely:‑
(...
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CBEC notifies persons who are exempt from obtaining GST registration
Posted Date : 20-Jun-2017 , 09:35:39 am | Posted By: CASANSAAR
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF EXCISE AND CUSTOMS
Notification No. 5/2017 — Central Tax
New Delhi, the 19th June, 2017
G.S.R. (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 hereby specifies the persons who are only engaged in making supplies of taxable goods or services or both, the total tax on which is li...
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CBEC notifies www.gst.gov.in as Common GST Electronic Portal
Posted Date : 20-Jun-2017 , 09:33:13 am | Posted By: CASANSAAR
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF EXCISE AND CUSTOMS
Notification No. 4/2017–Central Tax
New Delhi, the 19th June, 2017
G.S.R…. (E).- In exercise of the powers conferred by section 146 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with section 20 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), the Central Government hereby notifies www.gst.gov.in as the Common Goods and Services T...
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CBEC notifies jurisdiction of Central GST Tax Officers
Posted Date : 20-Jun-2017 , 09:20:00 am | Posted By: CASANSAAR
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF EXCISE AND CUSTOMS
Notification No. 2/2017 – Integrated Tax
New Delhi, the 19th June, 2017
G.S.R . (E). – In exercise of the powers conferred by sub-section (2) of section 14 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017) (hereinafter referred to as the said Act), read with sub-rule (2) of rule 14 of the Central Goods and Services Tax Rules, 2017, the Central Govern...
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CBEC notifies certain sections of CGST Act, 2017 w.e.f. 22.06.2017
Posted Date : 20-Jun-2017 , 09:14:40 am | Posted By: CASANSAAR
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF EXCISE AND CUSTOMS
Notification No. 1/2017 – Integrated Tax
New Delhi, the 19th June, 2017
G.S.R. …..(E).— In exercise of the powers conferred by sub-section (3) of section 1 of the CentralGoods and Services Tax Act, 2017 (13 of 2017), the Central Government hereby appoints the 22nd day of June, 2017, as the date on which the provisions of sections 1, 2, 3, 14, 20 and 22 of t...
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GST |
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Seeks to amend Cenvat Credit Rules,2004 to allow un-availed CENVAT Credit in respect of services provided by the Government, local authority or any other person by way of assignment of the right to use of any natural resource.
Posted Date : 16-Jun-2017 , 11:23:23 am | Posted By: Md Irsad Alam
In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944) and section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the CENVAT Credit Rules, 2004, namely:-
1. (1) These rules may be called the CENVAT Credit (Third Amendment) Rules, 2017.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the CENVAT Credit Rules, 2004, in rule 4, in sub-rule (7), ...
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Excise |
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Interest and Dividend information reporting in case of Custodial AccountsRule 114G(1)(e) of the Income Tax Rules, 1962
Posted Date : 16-Jun-2017 , 11:14:37 am | Posted By: Md Irsad Alam
1. This has reference to SEBI Circular No. CIR/MIRSD/2/2015 dated August 26, 2015 on implementation of the Multilateral Competent Authority Agreement and Foreign Account Tax Compliance Act.
2. In terms of Rule 114G(1)(e)(i) of Income Tax Rules, 1962 issued under Section 285BA of Income Tax Act, 1961 following information is required to be reported by reporting financial institution in the case of reportable custodial account:- (i) the total gross amount of interest, the total gross amount of di...
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SEBI |
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Sub: Non-compliance with certain provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 (“ICDR Regulations”)
Posted Date : 16-Jun-2017 , 11:11:59 am | Posted By: Md Irsad Alam
1. Regulations 111A and 111B of ICDR Regulations inter alia specify liability of a listed entity or any other person for contravention and actions which can be taken by the respective stock exchange and the revocation of such actions, in the manner specified by SEBI.
2. Stock exchanges shall impose fines on the companies for non-compliance with certain provisions of ICDR Regulations as under: Regulation Violation Fine 95(1) Delay in completion of bonus issue. ₹ 20,000 per day of non-complianc...
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SEBI |
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Formation of a new district in the State of West Bengal - Assignment of Lead Bank Responsibility
Posted Date : 16-Jun-2017 , 11:05:41 am | Posted By: Md Irsad Alam
The Government of West Bengal vide Gazette Notification dated February 07, 2017 notified the creation of a new district “Kalimpong” by redefining the limits of Darjeeling District of West Bengal. It has been decided to assign the lead bank responsibility of this new district to State Bank of India as detailed below:-
Sr No
Newly carved district
Erstwhile District
Sub-division under the newly created district
Lead Bank Responsibility assigned to
District Working Code allot...
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RBI |
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Period for Submission of Agency Commission Claims - RBI
Posted Date : 16-Jun-2017 , 08:36:14 am | Posted By: CASANSAAR
RBI/2016-17/322
DGBA.GBD.No.3262/31.02.007/2016-17
June 15, 2017
All Agency Banks
Dear Sir
Period for Submission of Agency Commission Claims
Please refer to circular No.DGBA.GAD.1031/31.12.010/98-99 dated May 6, 1999 wherein all agency banks were advised to submit their eligible agency commission claims to the Reserve Bank of India within two quarters from the end of the quarter during which the transactions have been conducted.
2. On a review, it has now been decided to reduc...
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RBI |
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