Process ITRs of all Non-scrutiny cases for A Y 2016-17 by 31.03.2018 - DIT
Posted Date : 09-Feb-2018 , 09:49:50 am | Posted By: CASANSAAR
DIRECTORATE OF INCOME TAX (SYSTEMS)
ARA Center, Ground Floor, E-2, Jhandewalan Extension
F.No: DGIT(S)-3/AST/Processing of CASS Cases/101/2016-17/2
Date: 07.02.2018
Sir/Madam,
Subject: Pendency of processing u/s 143(1) for ITR paper and E-filed Returns-regarding
As you may be aware, the time barring date for processing of paper ITRs for AY 2016-17 and few belated ITRs of AY 2015-16 is 31.03.2018. Same applies to all e-filed Returns for the AY 2016-17 and belated ITRs of AY 2015-16 ...
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GST Settlement of Funds (Amendment) Rules, 2018
Posted Date : 08-Feb-2018 , 09:07:26 am | Posted By: CASANSAAR
MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 6th February, 2018
G.S.R. 145(E).—In exercise of the powers conferred by section 53 read with section 17 of the Central Goods and Services Tax Act, 2017 (12 of 2017), sections 17 and 18 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017) and section 21 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017), the Central Government hereby makes the following amendments in the Goods and...
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GST |
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Relief for MSME Borrowers registered under Goods and Services Tax
Posted Date : 08-Feb-2018 , 08:29:42 am | Posted By: CASANSAAR
RBI/2017-18/129
DBR.No.BP.BC.100/21.04.048/2017-18
February 07, 2018
All banks and NBFCs regulated by the Reserve Bank of India
Madam / Dear Sir,
Relief for MSME Borrowers registered under Goods and Services Tax (GST)
Presently, banks and NBFCs in India generally classify a loan account as Non-Performing Asset (NPA) based on 90 day and 120 day delinquency norms, respectively. It has been represented to us that formalisation of business through registration under GST had adver...
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RBI |
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24 FAQs on Taxation of Long Term Capital Gain on Shares
Posted Date : 06-Feb-2018 , 09:52:42 am | Posted By: CASANSAAR
F.No. 370149/20/2018-TPL
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi, Dated 4th February, 2018
Subject: Frequently Asked Questions (FAQs) regarding taxation of long-term capital gains proposed in Finance Bill, 2018-reg.
Under the existing regime, long term capital gains arising from transfer of long term capital assets, being equity shares of a company or a unit of equity oriented fund or a unit of business trust, is exempt f...
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Income Tax |
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Seeks to postpone the coming into force of the e-way bill rules
Posted Date : 03-Feb-2018 , 05:41:37 pm | Posted By: Manya
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section
(i)]
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
Notification No. 11/2018 – Central Tax
New Delhi, the 2
nd February, 2018
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 rescinds, except as
respects things done or omi...
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GST |
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Small Saving Schemes – Payment of Agency Commission
Posted Date : 01-Feb-2018 , 05:05:13 pm | Posted By: Manya
RBI/2017-18/127
DGBA.GBD.No.1972/15.02.005/2017-18
February 01, 2018
All Agency Banks handling Small Saving Schemes
Dear Sir / Madam
Small Saving Schemes – Payment of Agency Commission
Please refer to Government of India Notification F. No. 7/10/2014-NS dated October 10, 2017, wherein, all Public Sector Banks, ICICI Bank Ltd., Axis Bank Ltd., and HDFC Bank Ltd., were authorised to receive subscriptions under National Saving Time Deposit Scheme, 1981, National Saving (Monthl...
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RBI |
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CBEC notifies Nil GST compensation cess rate on old and used motor vehicles
Posted Date : 27-Jan-2018 , 09:51:05 am | Posted By: CASANSAAR
G.S.R. (E).- In exercise of the powers conferred by sub-section (2) of section 8 of the Goods and Services Tax (Compensation to States) Act, 2017 (15 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-Compensation Cess (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-s...
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GST |
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CBEC amends Notification related to concessional IGST rate on scientific equipments
Posted Date : 27-Jan-2018 , 09:28:42 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), (hereafter in this notification referred to as “the said Act”) read with sub-section (3) of section 6 of 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, makes the following amendments in the notification of the Government of India, ...
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GST |
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CBEC notifies Changes in Rate of IGST on Motor Vehicle wef 25.01.2018
Posted Date : 27-Jan-2018 , 09:28:18 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 being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby exempts the central tax on inter-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 th...
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GST |
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CBEC exempts Central Govt’s share of Profit Petroleum from IGST
Posted Date : 27-Jan-2018 , 09:26:30 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, 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 services by way of grant of license or lease to explore or mine petroleum crude or natural gas or both, from so much of the integrated tax as is leviable on the consideratio...
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GST |
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CBEC exempts royalty and license fee included in transaction value from IGST
Posted Date : 27-Jan-2018 , 09:26:02 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), hereinafter 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 integrated tax leviable under section 5 read with section 7 of the said Act on the supply of services, imported into the territory of India, covered by sub...
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GST |
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CBEC notifies Revised IGST Rate on Various Goods wef 25.01.2018
Posted Date : 27-Jan-2018 , 09:25:42 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, Subsection (i), vide ...
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GST |
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CBEC notifies changes in list of goods exempt from IGST wef 25.01.2018
Posted Date : 27-Jan-2018 , 09:25:15 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, 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- Integrated Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)...
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GST |
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CBEC notifies revised IGST rates on various services wef 25.01.2018
Posted Date : 27-Jan-2018 , 09:22:45 am | Posted By: CASANSAAR
G.S.R......(E).- In exercise of the powers conferred by sub-section (1) of section 5, subsection (1) of section 6 and clause (iii) and clause (iv) of section 20 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017) read with sub-section (5) of section 15 and subsection (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, ...
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GST |
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CBEC exempt Certain Services wef 25.01.2018 from GST
Posted Date : 27-Jan-2018 , 09:22:07 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, 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, publishe...
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GST |
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RCM on immovable property renting by Govt to registered person wef 25.01.2018
Posted Date : 27-Jan-2018 , 09:21:37 am | Posted By: CASANSAAR
GSR......(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 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 28thJune, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section ...
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GST |
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Revised Procedure for tax payment on construction services against transfer of development right & vice versa
Posted Date : 27-Jan-2018 , 09:21:09 am | Posted By: CASANSAAR
G.S.R......(E).- In exercise of the powers conferred by section 20 of Integrated Goods and Services Tax Act, 2017 (13 of 2017) read with section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby notifies the following classes of registered persons, namely:-...
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GST |
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CBEC notifies Changes in Rate of CGST on Motor Vehicle wef 25.01.2018
Posted Date : 27-Jan-2018 , 09:17:45 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 exempts 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 ...
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GST |
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CBEC notifies changes in list of goods exempt from CGST wef 25.01.2018
Posted Date : 27-Jan-2018 , 09:17:22 am | Posted By: CASANSAAR
G.S.R. (E).- In exercise of the powers conferred by sub-sections (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), vid...
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GST |
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CBEC notifies Revised CGST Rate on Various Goods wef 25.01.2018
Posted Date : 27-Jan-2018 , 09:16:55 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 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 number ...
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GST |
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CBEC exempt Central Government’s share of Profit Petroleum from Central tax
Posted Date : 27-Jan-2018 , 09:16:23 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 exempts the intra-State supply of services by way of grant of license or lease to explore or mine petroleum crude or natural gas or both, from so much of the central tax as is leviable on the consideration pai...
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GST |
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0 | Hits : 350
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GST on construction services against transfer of development right & vice versa
Posted Date : 27-Jan-2018 , 09:12:49 am | Posted By: CASANSAAR
G.S.R......(E).- In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby notifies the following classes of registered persons, namely...
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Category :
GST |
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0 | Hits : 406
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RCM on renting of immovable property by Govt to registered person
Posted Date : 27-Jan-2018 , 09:12:28 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), v...
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GST |
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CBEC notifies exemption on certain services wef 25.01.2018
Posted Date : 27-Jan-2018 , 09:12:04 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 28thJune, 2017, published in...
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GST |
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GST rates of various services applicable from 25.01.2018 notified
Posted Date : 27-Jan-2018 , 09:11:34 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 Financ...
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Category :
GST |
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0 | Hits : 510
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CBEC amends Notification related to concessional UTGST on scientific equipments
Posted Date : 27-Jan-2018 , 09:07:55 am | Posted By: CASANSAAR
G.S.R….(E).- In exercise of the powers conferred by sub-section (1) of section 8 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017) ( hereafter in this notification referred to as “the said Act”) read with sub-section (3) of section 8 of 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, makes the following amendments in the notification of the Government of In...
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Category :
GST |
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0 | Hits : 385
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CBEC notifies Changes in Rate of UTGST on Motor Vehicle wef 25.01.2018
Posted Date : 27-Jan-2018 , 09:07:26 am | Posted By: CASANSAAR
G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 8 of the Union Territory Goods and Services Tax Act, 2017 (14 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 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 ...
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Category :
GST |
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0 | Hits : 475
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CBEC notifies changes in list of goods exempt from UTGST wef 25.01.2018
Posted Date : 27-Jan-2018 , 09:06:57 am | Posted By: CASANSAAR
G.S.R. (E).- In exercise of the powers conferred by sub-sections (1) of section 8 of the Union Territory Goods and Services Tax Act, 2017 (14 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- Union Territory Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-...
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GST |
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0 | Hits : 355
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CBEC notifies Revised UTGST Rate on Various Goods wef 25.01.2018
Posted Date : 27-Jan-2018 , 09:06:23 am | Posted By: CASANSAAR
G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 7 of the Union Territory Goods and Services Tax Act, 2017 (14 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-Union territory Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i...
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Category :
GST |
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0 | Hits : 356
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CBEC notifies RCM on renting of immovable property to a registered person
Posted Date : 27-Jan-2018 , 09:03:19 am | Posted By: CASANSAAR
GSR......(E).- In exercise of the powers conferred by sub-section (3) of section 7 of the Union Territory Goods and Services Tax Act, 2017 (14 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- Union Territory Tax (Rate), dated the 28thJune, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Su...
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Category :
GST |
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0 | Hits : 608
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