Statutory updates

Exemption for Maharashtra Electricity Regulatory Commission Income

The Central Government notifies specified income of the Maharashtra Electricity Regulatory Commission under clause (46) of section 10 of the Income-tax Act, 1961.

Contributory Health Service Scheme Notification under Section 80D

The Central Government notifies the Contributory Health Service Scheme of the Department of Atomic Energy for clause (a) of sub-section (2) of section 80D of the Income-tax Act…

Clarifications on GST for hostel, court fees, rides, and hospital services

This circular clarifies Goods and Services Tax applicability for hostel accommodation, Consumer Disputes Redressal Commission fees, animal joy rides, rental access equipment…

notification 6/2018 f. no.225/61/2018/ita ii notification of government e marketplace gem under section 138 of the income tax act

Proper Officer Assignment and Monetary Limits Under Sections 73 and 74

The Central Board of Excise and Customs empowers Superintendents of Central Tax to issue show cause notices and orders under section 74 of the Central Goods and Services Tax Act…

Transfer of Unclaimed amount to Senior Citizens welfare Fund-Accounting Pr

Rescission of Notification No. 74/2017-Central Tax

The Central Government rescinds Notification No. 74/2017-Central Tax dated the 29th December, 2017.

Modification of Non Insurance Services Norms for TPAs

The Insurance Regulatory and Development Authority of India replaces Annexure 24 of a previous circular to align norms with regulation provisions.

IRDAI (Insurance Brokers) Regulations, 2018

GST Applicability on Retained Polybutylene and LPG Feedstock

This circular clarifies Goods and Services Tax applicability on Polybutylene feedstock and Liquefied Petroleum Gas retained for the manufacture of Poly Iso Butylene and Propylene…

Clarification on Goods Supplied to Indian Railways

This circular clarifies the applicable Goods and Services Tax rates for goods supplied to the Indian Railways.

Central Tax Notification 10/2018 Amending Notification 39/2017

The Central Government amends notification No. 39/2017-Central Tax to change the scope of cross-empowerment for State tax officers.

Amendment to Notification No. 11/2017-Integrated Tax

The Central Government amends notification No. 11/2017-Integrated Tax to change the exception text regarding rule 96.

3/2018-Central Tax : First Amendment 2018, to CGST Rules

Reduction of late fee for delayed filing of FORM GSTR-1

The Central Government reduces the late fee payable by any registered person for delayed filing of FORM GSTR-1.

Reduction of late fee for delayed filing of FORM GSTR-5

The Central Government reduces the late fee for any registered person who fails to furnish the return in FORM GSTR-5 by the due date.

Late Fee Reduction for Delayed FORM GSTR-5A Filing

The Central Government reduces the late fee for any registered person who fails to furnish the return in FORM GSTR-5A by the due date.

Central Tax Notification 7/2018: FORM GSTR-6 Late Fee Reduction

The Central Government waives the late fee for any registered person who fails to furnish the return in FORM GSTR-6 by the due date.