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GST on Boarding & Lodging facilities both on monthly & daily tariffs

March 31, 2020 19899 Views 1 comment Print

In re Srisai Luxurious Stay LLP (GST AAR Karnataka) 1. Whether the daily accommodation services ranging from Rs.300 to Rs.500 per bed are eligible for exemption under Notification No.12/2017-Central Tax? The daily accommodation services ranging from Rs.300 to 500 per bed are eligible for exemption under Notification No. 12/2017- Central Tax (Rate) dated 28.06.2017 2. […]

Exemption from IGST & Compensation Cess upto 31.03.2021 on imported against AA/EPCG

March 30, 2020 6999 Views 0 comment Print

CBIC extends the exemption from Integrated Tax and Compensation Cess upto 31.03.2021 on goods imported against AA/EPCG authorizations vide Notification No. 18/2020-Customs dated 30th March, 2020.

All about FAR for Investment by Non-residents in Govt Securities 

March 30, 2020 2325 Views 0 comment Print

Reserve Bank of India RBI/2019-20/200 A.P. (DIR Series) Circular No. 25 Dated: March 30, 2020 To All Authorized Persons Madam / Sir ‘Fully Accessible Route’ for Investment by Non-residents in Government Securities Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the following regulations / directions, as amended from time to time, and […]

FAR for Non-residents Investment in specified Govt Securities

March 30, 2020 576 Views 0 comment Print

The Reserve Bank shall notify the Government securities that shall be eligible for investment under the FAR (hereinafter, ‘specified securities’). These securities will continue to be eligible for investment by residents. ‘Specified securities’, once so designated, shall remain eligible for investment under the FAR until maturity.

PSU Banks Amalgamation- SLBC/ UTLBC Convenorship & Lead Bank responsibilities

March 30, 2020 960 Views 0 comment Print

Reserve Bank of India RBI/2019-20/197 FIDD.CO.LBS.BC.No.22/02.01.001/2019-20 March 30, 2020 The Chairmen/ Managing Directors & CEOs SLBC/ UTLBC Convenor Banks and Lead Banks Madam / Dear Sir, Amalgamation of Public Sector Banks – Assignment of SLBC/ UTLBC Convenorship and Lead Bank responsibilities The amalgamations of Oriental Bank of Commerce and United Bank of India with Punjab […]

Investment by Foreign Portfolio Investors (FPI): Investment limits

March 30, 2020 1131 Views 0 comment Print

The limit for FPI investment in corporate bonds is increased to 15% of outstanding stock for FY 2020-21. The revised limits for FPI investment in Central Government securities (G-secs) and State Development Loans (SDLs) for FY 2020-21 will be advised separately. Till such time, the current limits (as in Table – 2), shall continue to be applicable.

DRAFT IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2020

March 28, 2020 588 Views 0 comment Print

(1) These regulations may be called the Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2020. (2) They shall come into force on the 28th March, 2020.

Retrospective issuance of Certificates of Origin under India’s Trade Agreements

March 28, 2020 6369 Views 0 comment Print

On account of the lockdown/curfew in India due to the COVID-19 pandemic, the Indian agencies authorised, in accordance with Para 2.103 of Handbook of Procedure, 2015-2020, to issue the certificate of origin under India’s free trade agreements (FTAs), comprehensive economic cooperation agreements (CECA), comprehensive economic partnership agreements (CEPA) and preferential trade agreements (PTAs) are temporarily closed and unable to issue the certificate of origin.

Appeal to generously donate to PM CARES Fund

March 28, 2020 798 Views 0 comment Print

Appeal to generously donate to ‘Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)’. This fund will enable micro-donations as a result of which a large number of people will be able to contribute with smallest of denominations.

IRDAI relaxes timelines for certain provisions of IRDAI (Re-insurance) Regulations, 2018

March 28, 2020 573 Views 0 comment Print

Insurance Regulatory and Development Authority of India Relaxation of timelines for certain provisions of the IRDAI (Re-insurance) Regulations, 2018 In view of Covid-19 pandemic, Government of India has initiated various measures including enforcement of lock-down in various areas.  Similar steps are also initiated by Governments of various countries which could result in disruption in the operations […]

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