Subordination of Commissioner of Income-tax (e-Verification)
The Central Board of Direct Taxes directs that the Commissioner of Income-tax (e-Verification) works under the Principal Director General of Income-tax (Systems).
Display of Information by POPs for Online NPS Contributions
Points of Presence display fee details and settlement times for online National Pension System contributions on their websites and in promotional materials.
CBIC-GST·08 Mar 2019·Circular·Circular No. 93/12/2019-GST
Clarification on Nature of Supply for Priority Sector Lending Certificates
Banks trading Priority Sector Lending Certificates on the e-Kuber portal of the Reserve Bank of India must treat the supply as an inter-State trade or commerce.
Tax Exemption for Royalty and Fees of Elbit Systems Limited
The Central Government specifies that income of the foreign company M/s Elbit Systems Limited by way of royalty or fees for technical services does not form part of total income…
CBDT·08 Mar 2019·Notification·Notification No. 16 /2019/F. No. 200/8/2018-ITA-I
Gratuity Limit Specification under Section 10
The Central Government specifies twenty lakh rupees as the gratuity limit under section 10 of the Income-tax Act, 1961.
10/2019-Central Tax : To give exemption from registration for any person engaged in exclusive supply of goods and whose aggregate turnover in the financial year does not exceed Rs 40 lakhs.
11/2019-Central Tax : Seeks to prescribe the due dates for furnishing of FORM GSTR-1 for those taxpayers with aggregate turnover upto Rs. 1.5 crores for the months of April, May and June, 2019.
CBIC-GST·07 Mar 2019·Notification·Notification No. 12/2019 – Central Tax
GSTR-1 Due Dates for April to June 2019
The Central Board of Indirect Taxes and Customs prescribes the due dates for furnishing FORM GSTR-1 for registered persons with an aggregate turnover of more than 1.5 crore rupees…
CBIC-GST·07 Mar 2019·Notification·13/2019-Central Tax
GSTR-3B Due Dates for April to June 2019
The Central Board of Indirect Taxes and Customs sets the due dates for furnishing FORM GSTR-3B for the months of April, 2019 to June, 2019.
CBIC-GST·07 Mar 2019·Notification·14/2019 – Central Tax
The Central Board of Indirect Taxes and Customs sets the aggregate turnover threshold to one crore and fifty lakh rupees for availing the composition scheme.
CBIC-GST·07 Mar 2019·Notification·2/2019- Union Territory Tax
Exemption from GST Registration for Exclusive Suppliers of Goods
The Central Government exempts persons engaged in the exclusive supply of goods from obtaining registration under the Central Goods and Services Tax Act.
CBIC-GST·07 Mar 2019·Circular·Circular No. 92/11/2019-GST
Tax Treatment of Sales Promotion Schemes under GST
This circular clarifies the tax treatment, valuation, and Input Tax Credit availability for various sales promotion schemes under the Goods and Services Tax framework.
CBIC-GST·07 Mar 2019·Circular·F.No. 20/16/04/2018 -GST
Corrigendum to Circular No. 76/50/2018-GST on Tax Collected at Source Valuation
The Central Board of Indirect Taxes and Customs amends serial number 5 of Circular No. 76/50/2018-GST.
CBDT·06 Mar 2019·Notification·Notification No. 14/2019/F.No.203/09/2018/ITA-II
Approval of Units for Section 35(1)(ii) Scientific Research
The Central Government approves three units under the aegis of Agricultural Development Trust, Baramati, Pune for section 35(1)(ii) of the Income Tax Act, 1961.
IRDAI·05 Mar 2019·Circular·IRDAI/CAD/CIR/MISC/038/03/2019
Non-Compliance of awards passed by Ombudsman
The Insurance Regulatory and Development Authority of India cautions all insurers against non-compliance with awards passed by the Insurance Ombudsman and non-submission of…
Income Tax Share Issuance Exemption for Resident Consideration
The Central Board of Direct Taxes exempts resident share consideration from the provisions of clause (viib) of sub-section (2) of section 56 of the Income-tax Act, 1961.
RBI·27 Feb 2019·Notification·FEMA 10(R)(2)/2019-RB
Foreign Currency Accounts by Resident Persons Amendment Regulations, 2019
The Reserve Bank of India amends the Foreign Exchange Management regulations to permit specific agencies to maintain non-interest bearing foreign currency accounts in India.
CBDT·27 Feb 2019·Notification·Notification No. 12/2019/F. No. 225/49/2019-ITA.II
Nodal Officers for PM-KISAN Information Sharing
The Central Government specifies Nodal Officers of all State Governments and Union Territories to receive income tax assessee information.
