Statutory updates

Applicability of Regulations to Registered Reinsurance Entities

The Insurance Regulatory and Development Authority of India clarifies that specific regulations, guidelines, and circulars do not apply to registered reinsurance entities.

Clarification on Eligible Duties in Section 140(1) of CGST Act

The Central Board of Indirect Taxes and Customs clarifies that the expression eligible duties in section 140(1) of the CGST Act includes the CENVAT credit of service tax paid…

GST Applicability on Programmes Conducted by IIMs

This circular clarifies goods and services tax applicability on various programmes conducted by the Indian Institutes of Management.

GST Applicability on Asian Development Bank and International Finance Corporation

Services provided by the Asian Development Bank and the International Finance Corporation are exempt from Goods and Services Tax.

Classification of Printing of Pictures Service

The Central Board of Indirect Taxes and Customs clarifies that the service of printing of pictures falls under service code 998386.

GST Rate on Food and Beverage Services by Educational Institutions

This circular clarifies the goods and services tax rate that applies to food and beverage services provided by educational institutions.

GST on Services of Business Facilitator or Correspondent to Bank

This circular clarifies the goods and services tax treatment for services that a business facilitator or a business correspondent provides to a banking company.

Clarification on Electronic Form of Written Mandate for Insurance Brokers

Insurance brokers and insurers receive a clarification that client mandates communicated through an electronic form satisfy the written mandate requirement under the IRDAI…

Policy for bulk transfer of self-managed Superannuation Fund to NPS (as is where is basis)

Integrated Goods and Services Tax Amendment Rules 2018

The Central Government amends the Integrated Goods and Services Tax Rules, 2017 to add rules for determining the place of supply for inter-State supplies and cross-border services.

Extension of Migration Time Period for Provisional ID Holders

The Central Government extends the time period for taxpayers who received provisional IDs to complete their migration process.

Extension of GSTR-3B Time Limit for Migrated Taxpayers

This notification extends the time limit for furnishing the return in FORM GSTR-3B for newly migrated taxpayers.

69/2018-Central Tax : Seeks to extend the time limit for furnishing the return in FORM GSTR-3B for the newly migrated taxpayers.

70/2018-Central Tax : Seeks to extend the time limit for furnishing the return in FORM GSTR-3B for the newly migrated taxpayers.

Extension of Time Limit for FORM GSTR-1 for Newly Migrated Taxpayers

The Central Board of Indirect Taxes and Customs extends the time limit for furnishing the details of outward supplies in FORM GSTR-1 for the newly migrated taxpayers.

72/2018-Central Tax : Seeks to extend the time limit for furnishing the details of outward supplies in FORM GSTR-1 for the newly migrated taxpayers.

Exemption from Tax Deduction at Source for Inter-Government Supplies

The Central Government exempts supplies of goods or services between specified Government departments and public sector entities from tax deduction at source under the Central…

74/2018-Central Tax : Fourteenth amendment to the CGST Rules, 2017.