The Central Government notifies that all provisions of the Protocol amending the Convention between India and Morocco for the avoidance of double taxation and the prevention of…
The Telecom Regulatory Authority of India (TRAI) has finalized API specifications to enable Distribution Platform Operators (DPOs) to integrate their platforms with the TRAI…
Corrigendum to Notification No. 48/2018 on Grant Receipts
The Central Board of Direct Taxes amends notification number 48/2018 to modify the description of grant receipts in paragraph 1, clause (a).
CBDT·21 Oct 2019·Notification·Notification No. 82/2019
Core Settlement Guarantee Fund Notification for Multi Commodity Exchange Clearing Corporation
The Central Government notifies the Core Settlement Guarantee Fund set up by the Multi Commodity Exchange Clearing Corporation Limited, Mumbai.
CBDT·21 Oct 2019·Notification·Notification No. 83/2019/F. No. 178/16/2016-ITA-I
IDFC Infrastructure Finance Limited Infrastructure Debt Fund Notification
The Central Government notifies the infrastructure debt fund IDFC Infrastructure Finance Limited for the purpose of clause (47) of section 10 of the Income Tax Act, 1961.
The Reserve Bank of India regulates the mode of payment and reporting requirements for investment in India by persons resident outside India.
IRDAI·17 Oct 2019·Circular·IRDAI/LIFE/CIR/MISC/189/10/2019
Master Circular on Insurance Advertisements
All insurers and insurance intermediaries must follow updated standards for promotional communications and advertisements to protect the insuring public.
CBDT·15 Oct 2019·Notification·Notification No. 80/2019/F. No. 370142/12/2019-TPL (Part 2)
Specified Entities Exempt from TDS on Cash Withdrawals under Section 194N
The Central Government specifies certain authorised dealers and Full-Fledged Money Changers for clause (v) of the proviso to section 194N of the Income-tax Act, 1961.
Clarification on GST rates and classification for specific goods
This circular clarifies Goods and Services Tax rates and classifications for specific goods including heat-treated leguminous vegetables, almond milk, mechanical sprayers, Indian…
CBIC-GST·11 Oct 2019·Circular·Circular No. 114/33/2019-GST
Clarification on Scope of Support Services to Petroleum and Gas Exploration, Mining, or Drilling
The Central Board of Indirect Taxes and Customs clarifies the scope of the entry for services of exploration, mining, or drilling of petroleum crude or natural gas under heading…
CBIC-GST·11 Oct 2019·Circular·Circular No. 115/34/2019-GST
Clarification on GST on Airport Levies PSF and UDF
Passenger Service Fee and User Development Fee charged by airport operators are consideration for services provided to passengers and are liable to GST.
CBIC-GST·11 Oct 2019·Circular·Circular No. 116/35/2019-GST
GST Levy on Donor Name Display by Charitable Organisations
Charitable organisations do not pay goods and services tax on donations or gifts from individual donors when the display of the donor name acts as public recognition and gratitude.
GST Exemption for DG Shipping Approved Maritime Courses
Goods and Services Tax exemption applies to maritime courses conducted by Maritime Training Institutes of India that hold approval from the Director General of Shipping.
CBIC-GST·11 Oct 2019·Circular·Circular No. 118/37/2019-GST
Place of Supply for Software and Design Services in ESDM Industry
This circular clarifies the determination of the place of supply for software and design services provided by suppliers in the taxable territory to recipients in the non-taxable…
CBIC-GST·11 Oct 2019·Circular·Circular No. 119/38/2019-GST
Taxability of Securities Lending Scheme 1997 under GST
The Central Board of Indirect Taxes and Customs clarifies that the lending of securities under the Securities Lending Scheme 1997 is a taxable service under GST.
CBIC-GST·11 Oct 2019·Circular·Circular No. 120/39/2019-GST
Clarification on Effective Date of Explanation in Notification No. 11/2017-CTR
The Government clarifies that the explanation inserted via notification No. 17/2018-CTR is effective from 21 September 2017 based on section 11(3) of the CGST Act.
Clarification on GST for Grant of Alcoholic Liquor Licenses
The Central Board of Indirect Taxes and Customs clarifies that the grant of alcoholic liquor licenses by State Governments is neither a supply of goods nor a supply of service.
Designation of Special Courts for Karnataka Under Income-tax Act
The Central Government designates specific courts in Karnataka as Special Courts for the trial of offenses under the Income-tax Act, 1961.
IRDAI·11 Oct 2019·Circular·IRDA/F&A/CIR/MISC/184/10/2019
Preparation of Financial Statements by Life Insurers
Life insurance companies must present financial statements according to updated instructions for expenses of management, format adherence, and intermediary remuneration.
