Central Goods and Services Tax (Fifth Amendment) Rules, 2021
Posted Date : 03-Jun-2021 , 09:34:49 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 Government, on the recommendations of the Council, hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017, namely:...
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GST |
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CBIC extends due date of filing FORM ITC-04 for QE March, 2021
Posted Date : 03-Jun-2021 , 09:33:35 am | 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) and sub-rule (3) of rule 45 of the Central Goods and Services Tax Rules, 2017, the Commissioner, with the approval of the Board, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 11/2021- Central Tax, dated the 1st May, 2021, published in the Gazette of India, Extraordinary, ...
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GST |
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Due date of filing GSTR-4 for financial year 2020-21 extended
Posted Date : 03-Jun-2021 , 09:32:20 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 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. 21/2019- Central Tax, dated the 23rd April, 2019, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 322(E)...
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GST |
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Extension of date of GST compliances falling between 15.04.21 to 29.06.21
Posted Date : 03-Jun-2021 , 09:31:00 am | Posted By: CASANSAAR
G.S.R.....(E).– In exercise of the powers conferred by section 168A of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), read with section 20 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), and section 21 of Union Territory Goods and Services Tax Act, 2017 (14 of 2017), the Government, on the recommendations of the Council, hereby makes the following amendments in the notification of the Government of In...
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GST |
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CBIC rationalize late fee for delay in filing FORM GSTR-7
Posted Date : 02-Jun-2021 , 10:10:13 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 Government, on the recommendations of the Council, hereby waives the amount of late fee payable under section 47 of the said Act by any registered person, required to deduct tax at source under the provisions of section 51 of the said Act, for failure to furnish the return in FORM GSTR-7 for the mon...
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GST |
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CBIC rationalize late fee for delay in filing FORM GSTR-4
Posted Date : 02-Jun-2021 , 10:09:11 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 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. 73/2017– Central Tax, dated the 29th December, 2017, published in the Gazette of India, Extrao...
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GST |
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CBIC rationalize late fee for delay in filing FORM GSTR-1
Posted Date : 02-Jun-2021 , 10:07:46 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 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. 4/2018– Central Tax, dated the 23rd January, 2018, published in the Gazette of India, Extraord...
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GST |
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CBIC rationalize late fee for delay in filing FORM GSTR-3B and waiver for specified taxpayers & specified tax periods.
Posted Date : 02-Jun-2021 , 10:05:54 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 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. 76/2018– Central Tax, dated the 31st December, 2018, published in the Gazette of India, Extrao...
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GST |
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Late GST return : Interest rate lowered for March to May 2021
Posted Date : 02-Jun-2021 , 10:02:29 am | Posted By: CASANSAAR
G.S.R.....(E).- In exercise of the powers conferred by sub-section (1) of section 50 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with section 148 of the said Act, the Government, on the recommendations of the Council, hereby makes the following further amendments in notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 13/2017 – Central Tax, dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, ...
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GST |
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CBIC extends due date of Form GSTR-1 for May 2021 by 15 days
Posted Date : 02-Jun-2021 , 10:00:14 am | 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 makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 83/2020 – Central Tax, dated the 10th November, 2020, published in the Gazette of India, Extraordinary, Pa...
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GST |
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Revised Section 50 GST interest Provisions notified w.e.f. 01.06.2021
Posted Date : 02-Jun-2021 , 09:58:54 am | Posted By: CASANSAAR
S.O. ..... (E).— In exercise of the powers conferred by sub-section (2) of section 1 of the Finance Act, 2021 (13 of 2021) (hereinafter referred to as the said Act), the Central Government hereby appoints the 1 st day of June, 2021, as the date on which the provisions of section 112 of the said Act shall come into force....
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GST |
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Customer Due Diligence for transactions in Virtual Currencies (VC)
Posted Date : 01-Jun-2021 , 10:08:01 am | Posted By: CASANSAAR
RBI/2021-22/45
DOR. AML.REC 18 /14.01.001/2021-22
May 31, 2021
All Commercial and Co-operative Banks / Payments Banks/ Small Finance Banks /
NBFCs / Payment System Providers
Madam / Dear Sir,
Customer Due Diligence for transactions in Virtual Currencies (VC)
It has come to our attention through media reports that certain banks/ regulated entities have cautioned their customers against dealing...
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RBI |
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Investment by Foreign Portfolio Investors (FPI) in Government Securities: Medium Term Framework (MTF)
Posted Date : 01-Jun-2021 , 10:07:22 am | Posted By: CASANSAAR
RBI/2021-22/44
A.P. (DIR Series) Circular No. 05
May 31, 2021
To,
All Authorized Persons
Madam / Sir
Investment by Foreign Portfolio Investors (FPI) in Government Securities: Medium Term Framework (MTF)
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 1 to the Foreign Exchange Management (Debt Instruments) Regulations, 2019 notified, videNotification No. ...
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FEMA |
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Format of compliance report on Corporate Governance by Listed Entities
Posted Date : 01-Jun-2021 , 10:01:01 am | Posted By: CASANSAAR
As per the provisions of Regulation 27(2) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), a listed entity is required tosubmit a quarterly compliance report on corporate governance in the format specified by the Board from time to time to recognised Stock Exchange(s)...
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SEBI |
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Guidelines regarding cancellation of Registration under Rule 22 (3) of CGST Rules, 2017
Posted Date : 26-May-2021 , 08:23:15 am | Posted By: CASANSAAR
CBEC – 20/16/34/2019-GST/802
Government of India
Ministry of Finance
Department of Revenue
Central Board of Indirect Taxes and Customs
GST Policy Wing
***
North Block, New Delhi
Dated: 24th May, 2021
To,
The Principal Chief Commissioners / Chief Commissioners of Central Tax
Madam / Sir,
Subject: Guidelines regarding cancellation of Registration under Rule 22 (3) of CGST Rules, 2017- Reg.
Kind attention is invited to Rule 22 (3) ofCGST Rules, 2017reg...
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GST |
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Amalgamation of District Central Co-operative Banks (DCCBs) with the State Co-operative Bank (StCB) - Guidelines
Posted Date : 25-May-2021 , 09:43:23 am | Posted By: CASANSAAR
RBI/2021-22/42
DOR.RUR.REC.No.17/19.51.007/2021-22
May 24, 2021
All State and Central Cooperative Banks
Dear Sir/ Madam,
Amalgamation of District Central Co-operative Banks (DCCBs) with the State Co-operative Bank (StCB) - Guidelines
The Banking Regulation (Amendment) Act, 2020 (39 of 2020) has been notified for the State Co-operative Banks (StCBs) and District Central Co-operative Banks (DCCBs) with effect from, April 1, 2021 vide Notification dated December 23, 2020 issued by G...
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RBI |
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Relaxation in timeline for compliance with various payment system requirements - RBI
Posted Date : 22-May-2021 , 09:21:32 am | Posted By: CASANSAAR
RBI/2021-22/41
CO.DPSS.POLC.No.S-106/02-14-003/2021-2022
May 21, 2021
The Chairman / Managing Director / Chief Executive Officer
All Scheduled Commercial Banks, including Regional Rural Banks /
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks / Payments Banks / Small Finance Banks /
Local Area Banks / Non-Bank PPI Issuers /
Authorised Payment System Operators / Participants
Madam / Dear Sir,
Relaxation in time...
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RBI |
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Clarification on offsetting the excess CSR spent for FY 2019-20 - MCA
Posted Date : 21-May-2021 , 09:36:13 am | Posted By: CASANSAAR
Keeping in view the spread of COVID-19 in India, an appeal dated 30.03.2020 was made to MDs/CEOs of top 1000 companies in terms of market capitalization, to contribute generously to “Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund” (PM CARES Fund). In the appeal, it was mentioned that such contribution may, inter-alia, include the unspent CSR amount, if any, and an amount over and above the minimum prescribed CSR amount for FY 2019-20, which can later ...
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Category :
Corporate Laws |
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Extension of time limits of certain compliances to provide relief to taxpayers in view of server pandemic.
Posted Date : 20-May-2021 , 05:08:37 pm | Posted By: CASANSAAR
Extension of time limits of certain compliances to provide relief to taxpayers in view of server pandemic....
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CBDT |
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Launch of new E-filing Portal of the Income Tax - Non-availability of e-Filing services from 01.06.2021 to 06.06.2021
Posted Date : 20-May-2021 , 09:33:31 am | Posted By: CASANSAAR
The Income Tax Department is going to launch its new E-filing portalwww.incometax.gov.inon June 7th, 2021. In preparation for this launch and for migration activities, the existing portal of the Department atwww.incometaxindiaefiling.gov.inwould not be available for a brief period of 6 days from1stJune to 6thJune 2021....
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Income Tax |
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Sovereign Gold Bond Scheme (SGB) 2021-22- Series I/II/III/IV/V/VI
Posted Date : 15-May-2021 , 07:31:32 am | Posted By: CASANSAAR
RBI/2021-22/39
IDMD.CDD.No.45187/14.04.050/2021-22
May 14, 2021
The Chairman & Managing Director
All Scheduled Commercial Banks,
(Excluding RRBs)
Designated Post Offices
Stock Holding Corporation of India Ltd. (SHCIL)
National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd.
Dear Sir/Madam,
Sovereign Gold Bond Scheme (SGB) 2021-22- Series I/II/III/IV/V/VI
Government of India has vide itsNotification No F.No4.(4)-B (W&M)/2021 dated May 12, 2021has announc...
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RBI |
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CBDT amends Income Tax rule 2DB and Form No.10BBA
Posted Date : 17-Apr-2021 , 10:04:47 am | Posted By: CASANSAAR
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
New Delhi
Notification No. 32/2021- Income Tax Dated: 15th April, 2021
G.S.R. 274(E).—In exercise of the powers conferred by sub-clause (iii) of clause (c) ofExplanation 1to the clause (23FE) of section 10 read with section 295 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. Short title ...
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CBDT |
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Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit- Extension
Posted Date : 13-Apr-2021 , 08:07:48 am | Posted By: CASANSAAR
RBI/2021-22/21
DOR.CRE.REC.06/04.02.001/2021-22
April 12, 2021
All Scheduled Commercial Banks (excluding RRBs)
Small Finance Banks, Primary (Urban) Cooperative Banks
and EXIM Bank
Dear Sir / Madam,
Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit-Extension
Please refer to the instructions issued videDBR.Dir.BC.No.69/04.02.001/2019-20 dated May 13, 2020.
2. In this connection, Government of India has approved the extension of Interest Equalization Sch...
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RBI |
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Enhancement of limit of maximum balance per customer at end of the day from ₹1 lakh to ₹2 lakh – Payments Banks (PBs)
Posted Date : 09-Apr-2021 , 07:42:27 am | Posted By: CASANSAAR
RBI/2021-22/20
DoR.LIC.REC.5/16.13.218/2021-22
April 8, 2021
Chief Executive Officers of Payments Banks
Dear Sir/Madam,
Enhancement of limit of maximum balance per customer at end of the day from ₹1 lakh to ₹2 lakh – Payments Banks (PBs)
Please refer to paragraph 3 ofStatement on Developmental and Regulatory Policies dated April 7, 2021on the above subject.
2. In terms of paragraph 4(i) of the ‘Guidelines for Licensing of Payments Banks’ (Licensin...
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RBI |
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Reporting and Accounting of Central Government transactions of March 2021 – Change of date of closure
Posted Date : 08-Apr-2021 , 09:45:43 am | Posted By: CASANSAAR
RBI/2021-22/18
DGBA.GBD.No.S26/42.01.029/2021-22
April 07, 2021
All Agency Banks
Madam/Dear Sir,
Reporting and Accounting of Central Government transactions of March 2021 – Change of date of closure
Please referCircular DGBA.GBD.No.S-140/42.01.029/2020-21 dated March 18, 2021where in the date of closure for reporting residual transactions of March 2021 was fixed as April 10, 2021.
2. On account of holidays on April 10 and 11, 2021 (second Saturday and Sunday respectively...
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Category :
RBI |
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0 | Hits : 1602
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Asset Classification and Income Recognition following the expiry of Covid-19 regulatory package
Posted Date : 08-Apr-2021 , 09:44:44 am | Posted By: CASANSAAR
RBI/2021-22/17
DOR.STR.REC.4/21.04.048/2021-22
April 7, 2021
All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks)
All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks
All All-India Financial Institutions
All Non-Banking Financial Companies (including Housing Finance Companies)
Madam / Dear Sir,
Asset Classification and Income Recognition following the expiry of Covid-19 regulatory package
...
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Category :
RBI |
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External Commercial Borrowings (ECB) Policy – Relaxation in the period of parking of unutilised ECB proceeds in term deposits
Posted Date : 08-Apr-2021 , 09:43:42 am | Posted By: CASANSAAR
RBI/2021-22/16
A.P. (DIR Series) Circular No. 01
April 07, 2021
To
All Category-I Authorised Dealer Banks
Madam / Sir,
External Commercial Borrowings (ECB) Policy – Relaxation in the period of parking of unutilised ECB proceeds in term deposits
Please refer to paragraph 12 of theGovernor’s Statement on Developmental and Regulatory Policies dated April 07, 2021. In this connection, attention of Authorized Dealer Category-I (AD Category-I) banks is invited to paragra...
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Category :
FEMA |
Comments :
0 | Hits : 1600
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Priority Sector Lending (PSL) - Lending by banks to NBFCs for On-Lending
Posted Date : 08-Apr-2021 , 09:42:55 am | Posted By: CASANSAAR
RBI/2021-22/15
FIDD.CO.Plan.BC.No.8/04.09.01/2021-22
April 7, 2021
The Chairman/ Managing Director
Chief Executive Officer
All Scheduled Commercial Banks
(Excluding Regional Rural Banks, Small Finance Banks, Urban Co-operative Banks and Local Area Banks)
Dear Sir/Madam
Priority Sector Lending (PSL) - Lending by banks to NBFCs for On-Lending
Please refer to our Circular No.RBI/2019-20/179 FIDD.CO.Plan.BC.No.19/04.09.01/2019-20 dated March 23, 2020advising, inter alia, that the ...
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Category :
RBI |
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Priority Sector Lending (PSL) – Increase in limits for bank lending against Negotiable Warehouse Receipts (NWRs) / electronic Negotiable Warehouse Receipts (eNWRs)
Posted Date : 08-Apr-2021 , 09:41:58 am | Posted By: CASANSAAR
RBI/2021-22/14
FIDD.CO.Plan.BC.No.7/04.09.01/2021-22
April 7, 2021
The Chairman / Managing Director/
Chief Executive Officer
[All Commercial Banks including Regional Rural Banks,
Small Finance Banks, Local Area Banks and
Primary (Urban) Co-operative Banks other than Salary Earners’ Banks]
Dear Sir/Madam
Priority Sector Lending (PSL) – Increase in limits for bank lending against Negotiable Warehouse Receipts (NWRs) / electronic Negotiable Warehouse Receipts (eNWRs)
...
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Category :
RBI |
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0 | Hits : 814
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Gold Monetization Scheme (GMS), 2015
Posted Date : 06-Apr-2021 , 08:29:28 am | Posted By: CASANSAAR
RBI/2021-22/13
DoR.AUT.REC.2/23.67.001/2021-22
April 5, 2021
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
Dear Sir/Madam
Gold Monetization Scheme (GMS), 2015
In exercise of the powers conferred on the Reserve Bank of India under Section 35A of the Banking Regulation Act, 1949, the RBI makes the following amendments in the Reserve Bank of India (Gold Monetization Scheme, 2015)Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22, 2015,with immedi...
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Category :
RBI |
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