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Notifications/Circulars

Weekly newsletter from Chairman, CBIC dated 04/10/2021

October 4, 2021 603 Views 0 comment Print

The month of October has started off on a positive note, with the gross GST revenue collection achieved being Rs. 1,17,010 crores for the month of September, 2021. This is higher by 23% compared to the corresponding period of the previous year.

Advisory regarding absconding & escape prisoners- use of ePrisons to leverage technology

October 4, 2021 849 Views 0 comment Print

Considering the importance of taking timely action in the event of any inmate absconding/ escaping from custody/prison, it is considered necessary to have recent photographs of prisoners updated in the system and also generate immediate alerts which would enable tracking of such inmates by the law enforcement agencies.

Clarification regarding Entry 11A of Schedule B’ under Maharashtra VAT

October 4, 2021 828 Views 0 comment Print

It is clarified that, this benefit is available for RCS flights on both – origin as well as departure airports. This benefit is available for operating all RCS-UDAN flights by Fixed Wing Aircraft, Helicopters and Seaplanes at any Airport/ Heliport/ Helipad/ Water Aerodrome located within the State of Maharashtra subject to the conditions stated in Notification cited at reference (2). This clarification is with effect from the date of introduction of the entry i.e. w.e.f. 01/04/2017.

Online exit process for NPS subscribers under Government Sector

October 4, 2021 678 Views 0 comment Print

NPS Subscribers are empowered with the comprehensive end to end digitally enabled solutions to fulfill their evolving needs and allow them for performing various facets of NPS viz On-boarding, maintenance, contribution deposit, partial withdrawal and exit with greater ease and convenience. PFRDA had already enabled online paperless exit process of Non Govt Sector Subscribers.

Discontinuation of usage of pool accounts for transactions in units of Mutual Funds on Stock Exchange Platforms

October 4, 2021 588 Views 0 comment Print

i. Pooling of funds and/ or units by stock brokers / clearing members in any form or manner shall be discontinued for mutual fund transactions. ii. Similar to mechanisms for transactions in mutual fund units by MFDs and IAs, stock exchanges shall put necessary mechanisms in place for stock brokers / clearing members also, to ensure that funds pay-in is directly received by the clearing corporation from the investor account and funds pay-out is directly made to the investor account.

Discontinuation of usage of pool accounts for transactions in MF units

October 4, 2021 1260 Views 0 comment Print

3.1. AMCs shall ensure that the transactions (financial/ non-financial) can be executed only if there is a service agreement between the AMC and the service provider / platform.

Enhancement in family pension of employees of banks – Treatment of additional liability

October 4, 2021 606 Views 0 comment Print

RESERVE BANK OF INDIA RBI/2021-22/105 DOR.ACC.REC.57/21.04.018/2021-22 October 4, 2021 All Member Banks of the Indian Banks’ Association covered under the 11th Bipartite Settlement and Joint Note dated November 11, 2020 Madam / Sir, Enhancement in family pension of employees of banks – Treatment of additional liability The Indian Banks’ Association (IBA) has approached us for […]

Partial Modification of Membership of GST Law Committee (LC)

October 4, 2021 1911 Views 0 comment Print

In partial modification to the Office Memorandum of even no. dated 29th May 2017, 30th November 2018, 22nd January 2019, 05th March 2019, 20th August 2019, 26th August 2019 and 6th July, 2020, with respect to constitution of the Law Committee, its membership is now reconstituted as follows:

Contingency Fund of India (Amendment) Rules, 2021

October 4, 2021 4857 Views 0 comment Print

An amount equivalent to forty per cent of the Fund corpus shall be placed at the disposal of the Secretary, Ministry of Finance, Department of Expenditure for the purpose of meeting unforeseen expenditure, and beyond this limit, all further Contingency Fund releases shall be made with the approval of Secretary to the Government of India, Department of Economic Affairs, after the approval of Secretary to the Government of India Department of Expenditure.

Resumption of Blocking of E-Way Bill (EWB) generation facility

October 4, 2021 1017 Views 0 comment Print

1. The blocking of E way bill generation facility had been temporarily suspended by Government on account of Covid pandemic. In terms of Rule 138 E (a) and (b) of the CGST Rules, 2017, the E Way Bill generation facility of a person is liable to be restricted, in case the person fails to file […]

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