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Notifications/Circulars

UTGST on Services in relation to a function entrusted to a municipality

July 26, 2018 627 Views 0 comment Print

CBIC notifies with effect from 27th of July, 2018 vide Notification No. 16/2018-Union Territory Tax (Rate), Dated: 26th July, 2018 that services by way of any activity in relation to a function entrusted to a municipality under Article 243W shall be treated neither as a supply of good nor a service

UTGST: RCM on services by individual DSAs to banks/ NBFCs wef 27.07.2018

July 26, 2018 1365 Views 1 comment Print

CBIC amends Notification No. 13/2017- Union Territory Tax (Rate) so as to specify services supplied by individual Direct Selling Agents (DSAs) to banks/ non-banking financial company (NBFCs) to be taxed under Reverse Charge Mechanism (RCM) vide Notification No. 15/2018-Union Territory Tax (Rate) Dated: 26th July, 2018.

CBIC notifies UTGST exemption on certain services from 27th July, 2018

July 26, 2018 1626 Views 0 comment Print

CBIC notifies UTGST exemption on certain services from 27th July, 2018 vide Notification No. 14/2018-Union Territory Tax (Rate) Dated: 26th July, 2018 to give effect to recommendation of 28th GST Council meeting held on 21.07.2018.

Revised UTGST rates on various services WEF 27th July, 2018

July 26, 2018 1329 Views 0 comment Print

CBIC notifies UTGST rates of various services vide Notification No. 13/2018-Union Territory Tax (Rate) Dated: 26th July, 2018 with effect from 27th of July, 2018 as recommended by Goods and Services Tax Council in its 28th meeting held on 21.07.2018.

IGST exemption on Urea sold on high sea sale basis- Reg.

July 26, 2018 2457 Views 0 comment Print

Seeks to exempt IGST calculated on the assessable value over and above the value (Pool in Price) at which Urea is sold by Department of Fertilizers to Fertilizer Marketing Entities on high sea sale basis vide Notification No. 55/2018 —Customs, Dated:  26th July, 2018. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue), New Delhi […]

Issue Lower/ Nil Rate TDS deduction Certificate within prescribed time

July 26, 2018 8844 Views 0 comment Print

CBDT instructed its officers to Adhere to prescribed time-line for issue of certificate of no deduction or deduction of tax at lower rate u/s 197 and 195 of the I.T. Act-1961

Prevention of Corruption (Amendment) Act, 2018

July 26, 2018 23742 Views 0 comment Print

Prevention of Corruption (Amendment) Act, 2018 received the assent of the President on the 26th July, 2018 and is applicable from the same date.

Nil CGST Compensation Cess (Rate) on Fuel Cell Motor Vehicles & Coal rejects notified

July 26, 2018 5526 Views 0 comment Print

CBIC prescribes NIL Rate of GST Compensation Cess on Coal rejects supplied by a coal washery, arising out of coal on which compensation cess has been paid and no input tax credit thereof has not been availed by any person and on Fuel Cell Motor Vehicles vide Notification No. 2/2018-Compensation Cess (Rate) , Dated:  26th […]

Short Sale (Reserve Bank) Directions, 2018

July 25, 2018 3345 Views 0 comment Print

These Directions shall be called the Short Sale (Reserve Bank) Directions, 2018 and shall supersede all directions/guidelines issued on the subject, as listed under Annex I. These Directions shall come into force with effect from July 26, 2018.

SEBI Issues Consultation Paper on “Revisiting the public issue process”

July 25, 2018 1446 Views 0 comment Print

Securities market, including the market for public offerings, is dynamic and needs to keep pace with the evolving economic and technological environment. In order to keep pace with the change, there has been a commensurate change in the regulatory framework governing the primary market.

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