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Notifications/Circulars

CBIC enhances monetary limits for filing departmental appeals in legacy matters in CESTAT, HCs and SC

August 22, 2019 15915 Views 0 comment Print

Reduction of Government Litigation —Raising of monetary limits for filing appeals by the Department before CESTAT/High Courts and Supreme Court in Legacy Central Excise and Service Tax-regarding.

Sabka Vishwas (Legacy Dispute Resolution) Scheme Rules, 2019

August 21, 2019 30345 Views 2 comments Print

(1) These rules may be called the Sabka Vishwas (Legacy Dispute Resolution) Scheme Rules, 2019. (2) They shall come into force on the 1st day of September, 2019.

Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 applicable w.e.f 1.9.2019

August 21, 2019 5412 Views 0 comment Print

Notification No. 04/2019 Central Excise-NT dated 21st August, 2019 – central government notifies that the Sabka Vishwas (Legacy Dispute Resolution) Scheme (SVLDRS), 2019 will come into force w.e.f 1st of September, 2019 till 31st December, 2019. Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs Notification No. 04/2019 […]

ICSI Announces 100% Fee Waiver for students of J&K & Ladakh

August 21, 2019 1158 Views 0 comment Print

Government of India has taken major initiatives to bring development in the Union Territories of Jammu & Kashmir and Ladakh. The Institute of Company Secretaries of India aligning with the initiatives of the Government of India, and to achieve a growth process in which people from different walks of life can participate and benefit, has launched a special Fee waiver Scheme for the students of of Jammu & Kashmir (UT) and Ladakh (UT).

MCA clarifies doubts in ‘appointed /acquisition date’ with respect to mergers/amalgamations

August 21, 2019 17454 Views 1 comment Print

MCA has issued a circular today clarifying the import of section 232(6) of the Companies Act, 2013, which deals with the requirement of indicating an appointed date in the scheme of mergers and amalgamations, which would also be the effective date of the merger/amalgamation coming into force.

Real Time Gross Settlement (RTGS) System – Increase in operating hours

August 21, 2019 1359 Views 0 comment Print

At present, the RTGS system is available for customer transactions from 8:00 am to 6:00 pm and for inter-bank transactions from 8:00 am to 7:45 pm. In order to increase the availability of the RTGS system, it has been decided to extend the operating hours of RTGS and commence operations for customers and banks from 7:00 am.

RBI: Processing of e-mandate on cards for recurring transactions

August 21, 2019 2481 Views 0 comment Print

eeping in view the changing payment needs and the requirement to balance the safety and security of card transactions with customer convenience, it has been decided to permit processing of e-mandate on cards for recurring transactions (merchant payments) with AFA during e-mandate registration, modification and revocation, as also for the first transaction, and simple / automatic subsequent successive transactions, subject to conditions listed in the Annex.

SEBI reviews Foreign Portfolio Investors / Buy Back Regulations etc.

August 21, 2019 885 Views 0 comment Print

Securities and Exchange Board of India PR No.20/2019 SEBI Board Meeting The SEBI Board met in Mumbai today and took the following decisions: I. Review of SEBI (Foreign Portfolio Investors) Regulations The Board considered the recommendations of the working group constituted for reviewing the SEBI (Foreign Portfolio Investors) Regulations, 2014 and approved the proposed new […]

12 Bullet points on Annual GST Return and Reconciliation Statement

August 21, 2019 29094 Views 1 comment Print

As you all must be aware, the due-date to file the Annual Return and Reconciliation Statement i.e. 31st August, 2019 is fast approaching. As this is the first time Annual Return is being filed, the due-date had already been extended many times before by the government to give sufficient time to get accustomed and familiar with the Return. Various representations had been received to make the Return filing simpler and easier.

GST Council notifies creation of State Benches of GSTAT

August 21, 2019 5781 Views 0 comment Print

GST Council, hereby notifies the creation of the State Benches of the Goods and Services Tax Appellate Tribunal (GSTAT) as per the details contained in the table 1 below and Area Benches

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