Circular No 37/11/2018 GST Clarifications on exports related refund issues .Circular No 37/11/2018 GST Dated the 15th March, 2018 F. No.349/47/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs GST Policy Wing New Delhi, Dated the 15th March, 2018 To, The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/ Commissioners of… Read More »
Agency commission payable to banks for operating Special Deposit Scheme (SDS) RBI/2017-18/140 DGBA.GBD.2294/15.01.001/2017-18 March 15, 2018 All Agency Banks handling Special Deposit Scheme Dear Sir, Agency commission payable to banks for operating Special Deposit Scheme (SDS) Please refer to para 2 of our Master Circular RBI/2017-18/2 dated July 1, 2017 on Conduct of Government Business by Agency… Read More »
The Lok Sabha on Wednesday passed the Finance Bill 2018 after the Finance Minister Arun Jaitley moved as many as 21 amendments. The relevant appropriation Bills moved by Jaitley were also passed through voice vote. We will update more details soon.
Dear Taxpayer, Greetings from Team GSTN. As you are aware, taxpayers sending or receiving goods are required to generate e-way bill for such movement of goods, as provided in Rule 138 of the CGST Rules, 2017. The e-way bill is to be necessarily generated for movement of goods in certain cases, like where value of… Read More »
Ministry of Railways Cashless Ticket Booking In Railways Posted On: 14 MAR 2018 5:24PM by PIB Delhi Following schemes have been introduced for promotion of cashless transaction on Indian Railways:- i. The facility of online booking of reserved tickets has been provided through Indian Railway Catering and Tourism Corporation (IRCTC) website. The payment for tickets… Read More »
Ministry of Railways Discontinuation of pasting of reservation chart Posted On: 14 MAR 2018 5:22PM by PIB Delhi Based on a similar successful experiment conducted by South Western Railway, the practice of pasting of reservation charts on train coaches was discontinued at New Delhi, Hazrat Nizamuddin, Bombay Central, Chennai Central, Howrah and Sealdah stations… Read More »
Ministry of Finance Cabinet approves Agreement for the Avoidance of Double Taxation and Prevention of Fiscal Evasion between India and Iran Posted On: 14 MAR 2018 7:34PM by PIB Delhi The Union Cabinet, chaired by Prime Minister Shri Narendra Modi has approved an Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal… Read More »
E-Newsletter on GST Febraury 2018 E-Newsletter on GST- Febraury, 2018 issue : Download
SECTION 251 OF THE INCOME-TAX ACT, 1961 – COMMISSIONER (APPEALS) – POWERS OF – IRREGULARITIES IN APPELLATE ORDERS LETTER F.NO.DGIT (VIG.)/HQ/SI/APPEALS/2017-18/9959, DATED 8-3-2018 CBDT has issued Instruction No. 20/2003 dated 23-12-2003 directing for issue of appellate orders within 15 days of the last hearing. The Instruction was reiterated vide CBDT letter F.No. 279/Misc.53/2003-ITJ dated 19.06.2015 for strict compliance. The instructions… Read More »
The Chit Funds (Amendment) Bill 2018 STATEMENT OF OBJECTS AND REASONS The Chit Funds Act, 1982 was enacted to provide for the regulation of chit funds which are indigenous business in India and have conventionally satisfied the financial needs of the low-income households. The chit is a mechanism which combines credit and savings in a… Read More »