Statutory updates

Foreign Exchange Management Permissible Capital Account Transactions Amendment Regulations 2019

The Reserve Bank of India issues the Foreign Exchange Management (Permissible Capital Account Transactions) (Amendment) Regulations, 2019.

Specification of Joint Secretary for Income-tax Act Information

The Central Government specifies the Joint Secretary (PMAY), Ministry of Housing and Urban Affairs, for the purpose of Section 138, sub-section 1, clause a, sub-clause ii of the…

Extension of Due Date for FORM GSTR-3B for January 2019

The Central Board of Indirect Taxes and Customs extends the due date to furnish FORM GSTR-3B for January 2019.

33rd GST Council Meeting

89/08/2019-GST : Seeks to clarify situations of mentioning details of inter-State supplies made to unregistered persons in Table 3.2 of FORM GSTR-3B and Table 7B of FORM GSTR-1.

Place of Supply and State Name on Invoices for Inter-State Supply

Registered persons who make inter-State supplies of goods or services must state the place of supply and the name of the State on their tax invoices.

Tax Payment Clarification for Warehoused Goods Supply (July 2017 to March 2018)

Suppliers who paid central tax and state tax on the supply of warehoused goods between July 2017 and March 2018 satisfy legal provisions as a one-time exception.

IRDAI Insurance Brokers First Amendment Regulations 2018

The Insurance Regulatory and Development Authority of India amends the Insurance Brokers Regulations 2018 to add a proviso for foreign equity capital calculations.

Extension of FORM GSTR-7 Due Date for January 2019

The Central Board of Indirect Taxes and Customs extends the time limit to furnish FORM GSTR-7 for the month of January 2019.

Corrigendum : Corrigendum to Notification No. 03/2019-Central Tax.

Corrigendum to Income-tax Notification No. 10/2019

The Central Board of Direct Taxes issues a corrigendum to correct a date in notification number G.S.R. 76(E).

Amendments to Earlier Circulars under CGST Act 2017

This circular amends multiple earlier circulars issued under the CGST Act 2017 to align them with the GST Amendment Acts effective from 01.02.2019.

07/2019-Central Tax : Seeks to extend the due date for furnishing of FORM GSTR-7 for the months of October, 2018 to December, 2018 till 28.02.2019.

FEMA E-Commerce Security Transfer Amendment Regulations

The Reserve Bank of India amends the Foreign Exchange Management regulations for security transfers by persons resident outside India.

Recognition of BSE Limited as Recognised Association for Commodity Derivatives

The Central Government notifies M/s. BSE Limited as a recognised association under the Income-tax Act, 1961.

Amendment to Income-tax Notification No. S.O. 2088(E)

The Central Government amends notification number S.O. 2088(E) to update the authority that approves share issuance for specific companies under the Income-tax Act, 1961.

Income-tax (15th Amendment) Rules, 2019

The Central Board of Direct Taxes amends rule 12D of the Income-tax Rules, 1962.

Centralised Verification Scheme 2019 for Income Tax Notices

The Central Board of Direct Taxes establishes the Centralised Verification Scheme 2019 for the centralised issuance of notices, processing of information or documents, and…