CBEC notifie mandates Monthly Tax Payment & filing of Form GSTR-3B till March, 2018
Posted Date : 16-Nov-2017 , 01:40:11 pm | 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) read with sub-rule (5) of rule 61 of the Central Goods and Services Tax Rules, 2017, the Commissioner, on the recommendations of the Council, hereby specifies that the return in FORM GSTR-3B for the month as specified in column (2) of the Table shall be furnished electronically through the common portal, on or before the last date as specified in the correspo...
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Central Goods and Services Tax (Twelfth Amendment) Rules, 2017
Posted Date : 16-Nov-2017 , 01:38:34 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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Revised Notification to specify UT rates for restaurants and job work on handicraft goods
Posted Date : 15-Nov-2017 , 09:39:53 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 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 d...
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Revised UTT Notification to extend exemption to admission to protected monument
Posted Date : 15-Nov-2017 , 09:23:21 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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Notification for concessional UT rate of 2.5% on scientific and technical equipments
Posted Date : 15-Nov-2017 , 09:22:05 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) ( hereafter in this notification 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 goods specified in column (3) of the Table below, from the so much of the union territory tax leviable thereon...
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Revised UTT Notification regarding restriction of ITC on certain fabrics
Posted Date : 15-Nov-2017 , 09:21:08 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 21 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.5/2017-Union Territory Tax (Rate),...
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Revised reverse charge on raw cotton (UTT) to give effect to GST council decisions notified
Posted Date : 15-Nov-2017 , 09:19:22 am | Posted By: CASANSAAR
G.S.R. (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 amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.4/2017- Union Territory Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (...
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Revised UT Rates (Exemtions) to give effect to GST council decisions notified
Posted Date : 15-Nov-2017 , 09:17:25 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, 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.2/2017-Union territory Tax (Rate), dated the 28th June, 2017, published in t...
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Revised UT Rates to give effect to GST council decisions notified
Posted Date : 15-Nov-2017 , 09:17:15 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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Revised IGST Notification for exemption to supply of Skimmed milk powder, or concentrated milk for use in the production of milk distributed through co-operatives dairy
Posted Date : 15-Nov-2017 , 09:12:36 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 makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 30/2017-Integrated Tax (Rate), dated the 22 nd September,...
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Revised IGST Notification to extend exemption to admission to protected monument
Posted Date : 15-Nov-2017 , 09:08:53 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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Revised Notification to specify IGST rates for restaurants and job work on handicraft goods
Posted Date : 15-Nov-2017 , 09:07:16 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 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,...
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Notification for concessional IGST rate of 5% on scientific and technical equipments
Posted Date : 15-Nov-2017 , 09:05:36 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”), 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 goods specified in column (3) of the Table below, from the so much of the integrated tax leviable thereon under sect...
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Revised IGST Notification regarding restriction of ITC on certain fabrics
Posted Date : 15-Nov-2017 , 09:03:01 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 makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.5/2017- Integrated Tax (Rate), dated th...
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Revised reverse charge on raw cotton (IGST) to give effect to GST council decisions notified
Posted Date : 15-Nov-2017 , 09:00:00 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, 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.4/2017- Integrated Tax (Rate), dated the 28th June, 2017, published in the Gazette of In...
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Revised IGST Rates (Exemtions) to give effect to GST council decisions notified
Posted Date : 15-Nov-2017 , 08:55:09 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 makes the following 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, ...
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Revised IGST Rates to give effect to GST council decisions notified
Posted Date : 15-Nov-2017 , 08:53:39 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, Sub-section (i), vide n...
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Revised CGST Notification to extend exemption to admission to protected monument
Posted Date : 15-Nov-2017 , 08:44:38 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 28th June, 2017, published i...
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Revised Notification to specify CGST rates for restaurants and job work on handicraft goods
Posted Date : 15-Nov-2017 , 08:42:42 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 Finan...
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Notification for concessional CGST rate of 2.5% on scientific and technical equipments
Posted Date : 15-Nov-2017 , 08:39:09 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) ( hereafter in this notification 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 goods specified in column (3) of the Table below, from the so much of the central tax leviable thereon under section ...
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Revised CGST Notification regarding restriction of ITC on certain fabrics
Posted Date : 15-Nov-2017 , 08:37:29 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), 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.5/2017-Central Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Se...
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Revised reverse charge on raw cotton (CGST) to give effect to GST council decisions notified
Posted Date : 15-Nov-2017 , 08:35:09 am | Posted By: CASANSAAR
G.S.R. (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.4/2017- 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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Revised CGST Rates (Exemtions) to give effect to GST council decisions notified
Posted Date : 15-Nov-2017 , 08:30:58 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 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), vide...
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Revised CGST Rates to give effect to GST council decisions notified
Posted Date : 15-Nov-2017 , 08:28:32 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 further 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 ...
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Auction for Sale (Re-issue) of Government Stock (GS)
Posted Date : 14-Nov-2017 , 10:47:24 am | Posted By: Md Irsad Alam
Government of India hereby notifies sale (re-issue) of the following Government Stocks:
Name of the Security
Date of Original Issue
Tenure(yy-mm-dd)
Date of Maturity
Base
Method
Notified Amount(in ₹ Crore)
GoI FRB 2024
Nov 07, 2016
08-00-00
Nov 07, 2024
Price
Multiple
3000
6.79% GS 2027
May 15, 2017
10-00-00
May 15, 2027
Price
Multiple
8000
7.73% GS 2034
Oct. 12, 2015
19-02-07
Dec. 19, 2034
Price
Multiple
2000
7.72% GS 2055
Oct 26,2015
4...
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RBI |
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Auction of Government of India Dated Securities
Posted Date : 14-Nov-2017 , 10:45:53 am | Posted By: Md Irsad Alam
Government of India (GoI) has offered to sell (re-issue) four dated securities for notified amount of₹ 15,000 croreas per the following details:
Sr No
Security
Notified Amount(in ₹ crore)
GoI Notification
Auction Date
Settlement date
1
GoI FRB 2024
3,000
F.No.4(7)-W&M/2017 datedNovember 13, 2017
November 17, 2017(Friday)
November 20, 2017(Monday)
2
6.79% GS 2027
8,000
3
7.73% GS 2034
2,000
4
7.72% GS 2055
2,000
Total
15,000
...
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RBI |
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Banking Facility for Senior Citizens and Differently abled Persons
Posted Date : 10-Nov-2017 , 08:16:35 am | Posted By: CASANSAAR
RBI/2017-18/89
DBR.No.Leg.BC.96/09.07.005/2017-18
November 9, 2017
All Scheduled Commercial Banks (including RRBs)
All Small Finance Banks and Payments Banks
Dear Sir/ Madam
Statement on Developmental and Regulatory Policies - October 4, 2017-Banking Facility for Senior Citizens and Differently abled Persons
Please refer toParagraph 8of Statement on Developmental and Regulatory Policies, released by Reserve Bank of India on October 4, 2017 as part of Fourth Bi-monthly Monetary P...
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Risk Management and Inter-Bank Dealings – Simplified Hedging Facility
Posted Date : 10-Nov-2017 , 08:15:32 am | Posted By: CASANSAAR
RBI/2017-18/88
A.P. (DIR Series) Circular No. 11
November 09, 2017
To,
All Authorised Dealer Category - I Banks
Madam/Sir,
Risk Management and Inter-Bank Dealings – Simplified Hedging Facility
Attention of Authorised 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) issued under clause (h) of...
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Directions on Managing Risks and Code of Conduct in Outsourcing of Financial Services by NBFCs
Posted Date : 10-Nov-2017 , 08:14:38 am | Posted By: CASANSAAR
RBI/2017-18/87
DNBR.PD.CC.No.090/03.10.001/2017-18
November 09, 2017
To
All Non-Banking Financial Companies (NBFCs),
Madam/ Sir,
Directions on Managing Risks and Code of Conduct in Outsourcing of Financial Services by NBFCs
In exercise of the powers conferred under Section 45 L of the Reserve Bank of India Act, 1934, the Reserve Bank of India after being satisfied that it is necessary and expedient in the public interest so to do and with a view to put in place necessary safeg...
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Clarification on Indirect Transfer provisions in case of redemption of share or interest outside India
Posted Date : 09-Nov-2017 , 11:52:11 am | Posted By: May I Help You.
Under the provisions contained in section 9(1 )(i) of the Income-tax Act, 1961 ('Act'), all income accruing or arising, whether directly or indirectly, through or from any business connection in India, or through or from any property in India, or through or from any asset or source of income in India or through the transfer of a capital asset situate in India, shall be deemed to accrue or arise in India. Explanations 5, 6 and 7 of section 9(1 )(i) further define the scope of said provisi...
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