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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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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GST |
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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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GST on construction services against transfer of development right & vice versa
Posted Date : 27-Jan-2018 , 09:02:38 am | Posted By: CASANSAAR
G.S.R......(E).- In exercise of the powers conferred by section 21 of Union Territory Goods and Services Tax Act, 2017 (14 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 exempts Central Govt’s share of Profit Petroleum from Union Territory Tax
Posted Date : 27-Jan-2018 , 09:02:05 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 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 Union territory tax as is leviable on the co...
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GST |
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CBEC notifies CGST rates of various services as recommended by GST Council
Posted Date : 27-Jan-2018 , 08:59:35 am | Posted By: CASANSAAR
G.S.R......(E).- In exercise of the powers conferred by sub-section (1) of section 7, subsection (1) of section 8 and clause (iv) and clause (v) of section 21 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017) read with 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 ...
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CBEC notifies services exempt from GST wef 25.01.2018
Posted Date : 27-Jan-2018 , 08:59:06 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 makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No.12/2017- Union Territory Tax (Rate), dated the 28th June, 20...
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GST |
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MCA amended rules regarding Appointment and Qualification of Directors
Posted Date : 27-Jan-2018 , 08:53:20 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 (Appointment and Qualification of Directors) Rules, 2014, namely:
1. (1) These rules may be called the companies (Appointment and eualification of Directors) Amendment Rules, 2018.
(2) They shall come into force on the date of their publication in the official Gazette.
...
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Companies Act |
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MCA Revises Document Filing & Company Incorporation Fees
Posted Date : 27-Jan-2018 , 08:48:41 am | Posted By: CASANSAAR
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 20th January, 2018
G.S.R. 48(E).— In exercise of the powers conferred by sections 396, 398, 399, 403 and 404 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 (Registration Offices and Fees) Rules, 2014, namely:—
(1) These rules may be called the Companies (Registration Offices and...
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Companies Act |
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Exim Bank's Government of India supported Line of Credit of USD 71.40 million to the Government of Côte d’Ivoire
Posted Date : 25-Jan-2018 , 06:02:55 pm | Posted By: Manya
RBI/2017-18/125
A.P. (DIR Series) Circular No.17
January 25, 2018
All Category – I Authorised Dealer Banks
Madam/Sir
Exim Bank's Government of India supported Line of Credit of USD 71.40 million to the Government of Côte d’Ivoire
Export-Import Bank of India (Exim Bank) has entered into an Agreement on May 22, 2017 with the Government of Côte d'Ivoire for making available to the latter, a Government of India supported Line of Credit (LoC) of USD 71.4 millio...
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Exim Bank's Government of India supported Line of Credit of USD 100 million to the Government of the Republic of Kenya
Posted Date : 25-Jan-2018 , 06:01:23 pm | Posted By: Manya
RBI/2017-18/124
A.P. (DIR Series) Circular No.16
January 25, 2018
All Category – I Authorised Dealer Banks
Madam/Sir
Exim Bank's Government of India supported Line of Credit of USD 100 million to the Government of the Republic of Kenya
Export-Import Bank of India (Exim Bank) has entered into an agreement dated January 11, 2017 with the Government of the Republic of Kenya for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 100 mill...
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RBI |
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cross-empowerment of State tax officers for processing and grant of refund
Posted Date : 24-Jan-2018 , 08:47:43 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 makes the following amendment in the notification of the Government of India in the Ministry of Finance, Department of Revenue No. 11/2017 - Integrated Tax dated the 13th October, 2017, published in the Gazette of India, Extrao...
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GST |
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Amending notification No. 39/2017-Central Tax dated 13.10.2017 for cross-empowerment of State tax officers for processing and grant of refund
Posted Date : 24-Jan-2018 , 08:45:19 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 makes the following amendment in the notification of the Government of India in the Ministry of Finance, Department of Revenue No. 39/2017 - Central Tax dated the 13th October, 2017, published in the Gazette of ...
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GST |
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Amendment of notification No. 4/2017-Central Tax dated 19.06.2017 for notifying e-way bill website
Posted Date : 24-Jan-2018 , 08:44:31 am | Posted By: CASANSAAR
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), and in supersession of the notification of the Government of India in the Ministry of Finance, Department of Revenue No. 4/2017 - Central Tax dated 19th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 606 (E), dated th...
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GST |
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Extension of date for filing the return in FORM GSTR-6
Posted Date : 24-Jan-2018 , 08:43:20 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 supersession of notification No. 62/2017-Central Tax, dated the 15th November, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 1418(E), dated the 15th November, 2017, except as respects things done or omitted to be done ...
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Reduction of late fee in case of delayed filing of FORM GSTR-6
Posted Date : 24-Jan-2018 , 08:42:07 am | 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) (hereafter in this notification referred to as the said Act), the Central Government, on the recommendations of the Council, hereby waives the amount of late fee payable by any registered person for failure to furnish the return in FORM GSTR6 by the due date under section 47 of the said Act, which is in excess of an amount of twentyfive rupees for every day d...
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Reduction of late fee in case of delayed filing of FORM GSTR-5A
Posted Date : 24-Jan-2018 , 08:41:12 am | 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) (hereafter in this notification referred to as the said Act), the Central Government, on the recommendations of the Council, hereby waives the amount of late fee payable by any registered person for failure to furnish the return in FORM GSTR5A by the due date under section 47 of the said Act, which is in excess of an amount of twenty-five rupees for every day...
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GST |
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Reduction of late fee in case of delayed filing of FORM GSTR-5
Posted Date : 24-Jan-2018 , 08:40:00 am | 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) (hereafter in this notification referred to as the said Act), the Central Government, on the recommendations of the Council, hereby waives the amount of late fee payable by any registered person for failure to furnish the return in FORM GSTR5 by the due date under section 47 of the said Act, which is in excess of an amount of twentyfive rupees for every day d...
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GST |
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Reduction of late fee in case of delayed filing of FORM GSTR-1
Posted Date : 24-Jan-2018 , 08:38:57 am | 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) (hereafter in this notification referred to as the said Act), the Central Government, on the recommendations of the Council, hereby waives the amount of late fee payable by any registered person for failure to furnish the details of outward supplies for any month/quarter in FORM GSTR-1 by the due date under section 47 of the said Act, which is in excess of an...
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FEMA |
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First Amendment 2018, to CGST Rules
Posted Date : 24-Jan-2018 , 08:37:53 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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Seeks to extend the last date for filing FORM GSTR-3B for December, 2017 till 22.01.2018.
Posted Date : 22-Jan-2018 , 11:00:28 am | Posted By: Manya
...
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GST |
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Formation of new districts in the State of Assam - Assignment of Lead Bank Responsibility
Posted Date : 19-Jan-2018 , 10:49:16 am | Posted By: Manya
RBI/2017-18/122
FIDD.CO.LBS.BC.No.2195/02.08.001/2017-18
January 18, 2018
The Chairmen & Managing Directors/ Chief Executive Officers
All Lead Banks
Dear Sir/Madam,
Formation of new districts in the State of Assam -
Assignment of Lead Bank Responsibility
The Government of Assam vide Gazette Notifications dated January 25, 2016, February 26, 2016 and August 5, 2016 had notified the creation of eight new districts in the State of Assam. It has been decided to assign the lead bank respo...
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RBI |
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Amendment in the AEO Programme Circular No. 33/2016 dated 22/7/2016
Posted Date : 19-Jan-2018 , 09:58:40 am | Posted By: CASANSAAR
Please refer to CBEC’s Circular No. 33/2016 dated 22/7/2016 on AEO Programme. Consequent to the mid-term review of Foreign Trade Policy (FTP) wherein certain additional benefits have been assigned to AEO Certified entities, there is an urgent requirement for modification in the existing CBEC’s Circular No.33/2016-Cus. dated 22.07.2016....
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Custom |
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Disclosures by Insolvency Professionals and other Professionals appointed by Insolvency Professionals conducting Resolution Processes
Posted Date : 17-Jan-2018 , 08:51:37 pm | Posted By: CASANSAAR
The Insolvency and Bankruptcy Code, 2016 read with regulations made thereunder provide for appointment of an insolvency professional [(Interim Resolution Professional (IRP) / Resolution Professional (RP)] to conduct the resolution process (Corporate Insolvency Resolution Process and the Fast Track Process) and discharge other duties. These authorise the Insolvency Professional to appoint registered valuers, accountants, legal and other professionals to assist him in discharge of his duties in re...
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Companies Act |
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Fees payable to an insolvency professional and to other professionals appointed by an insolvency professional
Posted Date : 17-Jan-2018 , 08:47:32 pm | Posted By: CASANSAAR
Section 206 of the Insolvency and Bankruptcy Code, 2016 (Code) provides that only a person registered as an insolvency professional with the Insolvency and Bankruptcy Board of India (IBBI) can render services as an insolvency professional under the Code. Section 23 read with section 5(27) of the Code requires that an insolvency professional, who is appointed as an interim resolution professional or a resolution professional, shall conduct the entire corporate insolvency resolution process, inclu...
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Companies Act |
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Interest rates for Small Savings Schemes - RBI
Posted Date : 12-Jan-2018 , 08:41:01 am | Posted By: CASANSAAR
RBI/2017-18/120
DGBA.GBD.1781/15.02.005/2017-18
January 11, 2018
All Agency Banks handling Small Saving Schemes
Dear Sir
Interest rates for Small Savings Schemes
Please refer to ourcircular DGBA.GBD.954/15.02.005/2017-18 dated October 12, 2017on the above subject. The Government of India, had vide their Office Memorandum (OM) No.F.No.01/04/2016–NS dated December 27, 2017 advised the rate of interest on various small savings schemes for the fourth quarter of the financial ye...
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RBI |
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7.75% Savings (Taxable) Bonds, 2018 - Amendments
Posted Date : 10-Jan-2018 , 08:52:19 am | Posted By: CASANSAAR
RBI/2017-18/119
IDMD.CDD.No.1728/13.01.299/2017-18
January 08, 2018
The Chairman & Managing Director
State Bank of India & 18 Nationalised Banks
Axis Bank Ltd., ICICI Bank Ltd., HDFC Bank Ltd.,
Stock Holding Corporation of India ltd.(SHCIL)
Dear Sir/Madam,
7.75% Savings (Taxable) Bonds, 2018 - Amendments
Please refer to ourCircular RBI/2017-18/114 IDMD.CDD.No.1671/13.01....
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RBI |
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Insolvency professional not to outsource his responsibilitie
Posted Date : 06-Jan-2018 , 07:21:14 am | Posted By: CASANSAAR
The Insolvency and Bankruptcy Code, 2016 (Code) read with regulations made thereunder cast specific duties and responsibilities on an insolvency professional. An insolvency professional is required to perform certain tasks under the Code while acting as an Interim Resolution Professional, a Resolution Professional, a Liquidator or a Bankruptcy Trustee for various processes. For example, an insolvency professional is required to manage the operations of the corporate debtor as a going concern. He...
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Corporate Laws |
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Insolvency professional to ensure compliance with provisions of the applicable laws
Posted Date : 06-Jan-2018 , 07:20:02 am | Posted By: CASANSAAR
A corporate person undergoing insolvency resolution process, fast track insolvency resolution process, liquidation process or voluntary liquidation process under the Insolvency and Bankruptcy Code, 2016 (Code) needs to comply with provisions of the applicable laws (Acts, Rules and Regulations, Circulars, Guidelines, Orders, Directions, etc.) during such process. For example, a corporate person undergoing insolvency resolution process, if listed on a stock exchange, needs to comply with every pro...
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Corporate Laws |
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Insolvency professional to use Registration Number and Registered Address in all his communications.
Posted Date : 06-Jan-2018 , 07:18:47 am | Posted By: CASANSAAR
It has been observed that a few insolvency professionals are using different addresses and emails while communicating with the stakeholders, despite repeated advice from the Insolvency Bankruptcy Board of India (IBBI) to use the addressees and emails registered with the IBBI in all their communications....
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Corporate Laws |
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