GST Council’s recommendations during its 26th meeting in New Delhi
Ministry of Finance Return filing System The present system of filing of GSTR 3B and GSTR 1 is extended for another three months i.e., April to June, 2018 till the new return system is finalized. A new model was discussed extensively and Group of Ministers on IT has been tasked to finalize the same.… Read More
GST council decides to extend tax exemption for exporters for 6 months
Ministry of Finance Sending a strong positive signal to the exporting community, the GST Council in its 26thmeeting held here today decided to extend the available tax exemptions on imported goods for a further 6 months beyond 31.03.2018. Thus, exporters presently availing various export promotion schemes can now continue to avail such exemptions on… Read More
GST council made recommendations regarding Data Analytics in its 26th meeting
Ministry of Finance In the 26th meeting held here today , the GST Council has been apprised of the fact that CBEC and GSTN have started detailed data analytics across a number of data sets available with them. The outcome of preliminary data analysis has revealed interesting insights: It has emerged that there is variance between… Read More
Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Amendment Rules, 2018
MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 8th March, 2018 G.S.R. 213(E) .– In exercise of the powers conferred by sub-sections (1) and (2) of section 469 read with section 398 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Filing of… Read More
SEBI issues circular on Separate limit of Interest Rate Futures for FPIs
CIRCULAR IMD/FPIC/CIR/P/2018/46 March 08, 2018 To, 1. All Foreign Portfolio Investors (through their designated Custodians of Securities) 2. The Depositories (NSDL and CDSL) 3. The Recognized Stock Exchanges Dear Sir / Madam, Sub: Separate limit of Interest Rate Futures (IRFs) for Foreign Portfolio Investors (FPIs) 1. Reserve Bank of India, in its Statement on Developmental… Read More
DGFT amends Para 2.17 of the Foreign Trade Policy 2015-20
Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhavan Notification No. 52/2015-20 New Delhi, Dated: 7 March 2018 Subject: Amendment in Para 2.17 of the Foreign Trade Policy 2015-20 on “Prohibition on direct or indirect import and export from/to DPRK (Democratic People’s Republic of Korea) in terms of UNSC… Read More
CBEC notifies Central Goods and Services Tax (Second Amendment) Rules, 2018
MINISTRY OF FINANCE (Department of Revenue) CENTRAL BOARD OF EXCISE AND CUSTOMS NOTIFICATION New Delhi, the 7th March, 2018 No. 12/2018-Central Tax G.S.R. 204(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… Read More
Aadhar submission not mandatory by the new members of EPS 1995 till 31.03.2018 in Assam
Employees’ Provident Fund Organization Ministry of Labour & Employment, Government of India Bhavishya Nidhi Bhawan Bhikaji Cama Place, New Delhi- 110066 www.epfindia.gov.in Phone No. 011-26196236, Fax. 011-26189910, Email- rc.pension@epfindia.gov.in No: Pension-I/17(10)2016-17/Jeevan Pramaan /27583 … Read More
DGFT amends Appendix 4J of Hand Book of Procedures 2015-20
(TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART·I SECTION·I) GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE PUBLIC NOTICE No. 64/2015-2020 NEW DELHI, DATED THE 5th March, 2018 Subject: Amendments in Appendix 4J of Hand Book of Procedures 2015-20 - reg. In exercise of powers conferred under Paragraph 1.03 of… Read More
Govt. rescinds notification No. 06/2018 – CT dated 23.01.2018
[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. 13/2018 – Central Tax New Delhi, the 7th March, 2018 G.S.R…. (E).- In exercise of the powers conferred by section 128 of the… Read More
MCA notifies Companies (Accounts) Amendment Rules, 2018
MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 27 February, 2018 G.S.R. (E).—In exercise of the powers conferred by sub-sections (1) and (3) of section 128, sub section (3) of section 129, section 133, section 134, sub section (1) of 136 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central… Read More
Clarifications regarding GST in respect of certain services
Circular No. 34/8/2018-GST 1 F. No. 354/17/2018-TRU Government of India Ministry of Finance Department of Revenue Tax research Unit **** Room No. 146G, North Block, New Delhi, 1 st March 2018 To, The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioner of Central Tax (All) / The Principal Director Generals/ Director Generals (All) Madam/Sir, Subject:… Read More
RBI revises guidelines on Priority Sector Lending
RBI/2017-18/135 FIDD.CO.Plan.BC.18/04.09.01/2017-18 March 01, 2018 The Chairman/ Managing Director & CEOs All Scheduled Commercial Banks Dear Sir/ Madam, Priority Sector Lending – Targets and Classification Please refer to the revised priority sector guidelines issued to banks vide FIDD.CO.Plan.BC.54/04.09.01/2014-15 circular dated April 23, 2015. It was stipulated therein under Para (II) (i) that the sub-targets for lending… Read More
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