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Check out the latest additions to CAalley ...

Updates were in the following categories:

Indian News

GST Rules

GST Form

CBDT Draft

Legal Updates

  • Income Tax
  • GST
  • MCA
  • SEBI
  • Customs
  • DGFT

 


Indian News:

GST: Govt clarifies norms for transactions

Need for robust law to protect citizens sensitive information: Supreme Court

Fraud analysis: GSTN to get new partner

CBDT extends deadline for linking Aadhaar with PAN

GST collections dip for second straight month in February

Four PSBs, ATM service providers under tax lens

Haven't filed returns yet? I-T offices open till Mar 31 despite festivals

Now, you can propose two names while incorporating your company

Sebi plans tough norms to check listing rules

PNB may soon get a defaulter tag, first time for any bank in India

Stage set for E-Way Bill from April 1

Service tax can't be imposed in J&K, says tribunal of pre-GST levy

Irdai extends deadline for linking Aadhaar with various insurance policies

Sebi plans to lower expenses charged by mutual funds

Sebi plans new buyback rules, maximum limit likely to be capped at 25%

March 31 deadline for CbC reports will not apply to certain MNC groups: CBDT

Biz with nil tax liability may get to file GST returns twice a year

E-way bill rollout from April 1; GSTR-3B to be filed till June

Sebi drops insider trading case against Kokila Dhirubhai Ambani

RBI is being naive; auditors alone aren’t responsible for the banking mess

Govt issues norms for appt of NFRA chairperson, members

Company registration up 8% to over 68,000 since GST rollout: Govt

MCA has filed prosecution against 780 listed companies

CSR spending of Indian companies up by 14% in last 2 fiscals: Report

You still can’t file I-T returns without Aadhaar number

Income Tax Dept rejects stay on Rs 131 crore tax demand, says NDTV

GST officer arrested for taking Rs 30,000 bribe

PNB blames concurrent auditor for not flagging off SWIFT transactions

ITR filing: Income Tax Department has a message for taxpayers

Bankruptcy cases: Govt may allow more time to restructure as lawsuits mount

Parliament passes payment of gratuity bill

Changes to IBC: Homebuyers to get financial creditor tag

CBDT invites suggestions to draft new Direct Tax Law

Fraud at listed firms: Sebi to rein in erring auditors, valuers

SEBI board to take up debt default disclosure

India-Hong Kong pact: Experts see lower withholding tax rate on royalty, interest

Fleeing billionaires push Modi government to ground alleged defaulters

Merger of PSUs needed to take on global competition: SCOPE Chairman

Miss March 31 date to file belated tax return for FY16, risk an I-T notice

 


GST Rules:

CGST Rules, 2017 as amended upto March 23, 2018

 


GST Form:

Simplified Anti-Profiteering Application Form

 


CBDT Draft:

Questionnaire seeking suggestions and feedback to draft a New Direct Tax Law
[Last date for submission: April 2, 2018, to be submitted to This email address is being protected from spambots. You need JavaScript enabled to view it. ]

 


Legal Updates

Income Tax:

Extension of deadline for linking PAN with Aadhar [Order u/s 119]

Income Tax offices open on March 29, 30 & 31 [Order u/s 119]

CBDT issues clarification regarding requirement for furnishing of Country-by Country report under section 286(4) of IT Act, 1961 [Press Release]

 

GST:

Clarification on issues related to Job Work [Circular No.38]

Seeks to prescribe the due dates for filing FORM GSTR-3B for the months of April to June, 2018 [No.16/2018-Central Tax]

Notifies the date from which E-Way Bill Rules shall come into force [No.15/2018-Central Tax]

Amending the CGST Rules, 2017(Third Amendment Rules, 2018) [No.14/2018-Central Tax]

Seeks to exempt payment of tax under section 9(4) of the CGST Act, 2017 till 30.06.2018 [No.10/2018-Central Tax (Rate)]

Seeks to exempt payment of tax under section 5(4) of the IGST Act, 2017 till 30.06.2018 [No.11/2018-Integrated Tax (Rate)]

Seeks to exempt payment of tax under section 7(4) of the UT GST Act, 2017 till 30.06.2018 [No.10/2018-Union Territory tax(rate)]

 

MCA:

The Companies (Incorporation) Second Amendment Rules, 2018

The National Financial Reporting Authority (Manner of Appointment and other Terms and Conditions of Service of Chairperson and Members) Rules, 2018

Commencement Notification dated 21.03.2018

 

SEBI:

Guidelines for Liquidity Enhancement Schemes (LES) in Commodity Derivatives Contracts

Master Circular on Prevention of Unauthorised Trading by Stock Brokers

Due diligence and reporting requirements under Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS)

Risk Management norms for commodity derivatives

 

Customs:

Seeks to impose anti-dumping duty on Veneered Engineered Wooden Flooring, originating in or exported from China PR, Malaysia, Indonesia and the European Union [No.17(ADD)]

Seeks to amend Notification No 69/2011- -Customs, dated the 29thJuly, 2011 [No.34]

Refund of IGST on Export - Extension of date in SB005 alternate mechanism cases & clarifications in other cases [Circular No.8]

Seeks to Amend notification No 52/2003- Customs dated 31.03.2003 for extending exemption from IGST and compensation cess to EOUs on imports till 01.10.2018 [No.33]

Seeks to further amend notification No. 50/2017-Customs so as to reduce BCD from 10% to 5% on Opencell(15.6” and above) of LCD/LED TV panels [No.32]

Seeks to amend notification No. 50/2017-Customs, dated 30.06.2017, so as to make consequential amendment in wake of change made vide notification on No. 22/2018-Customs (N.T.) dated 20.03.2018 [No.31]

Seeks to amend notification No. 27/2011-Customs, dated the 1st March, 2011, so as to reduce export duty on raw sugar, white or refined sugar from 20% to Nil [No.30]

Amendments in the First Schedule to the Customs Tariff Act, 1975 [No.22(NT)]

Seeks to notify provisional assessment for imports of "Jute Products" [No.16(ADD)]

Seeks to amend notification No. 03/2013 - Customs(ADD) dated 26 March, 2013 [No.15(ADD)]

Seeks to impose anti-dumping duty on imports of 'Monoisopropylamine' originating in or exported from China PR [No.14(ADD)]

Seeks to impose anti-dumping duty on imports of 'Resorcinol' originating in or exported from China PR and Japan [No.13(ADD)]

Seeks to impose anti-dumping duty on imports of 'Dimethylacetamide' originating in or exported from China PR and Turkey [No.12(ADD)]

Seeks to order for provisional assessment in the matter of initiation of New Shipper Review under Rule 22 of the Customs Tariff (Identification, Assessment and Collection oduty on dumped articles and for determination of injury) Rules, 1995 [No.11(ADD)]

Seeks to amend notification No. 11/2014-Customs (ADD) dated the 11th March, 2014 [No.10(ADD)]

 

DGFT:

Amendment in import policy conditions of apples under Exim code 08081000 of Chapter 08 of ITC (HS), 2017 - Schedule -1 ( Import Policy) [No.56]

Amendments to Foreign Trade Policy 2015-20 - Extension to Integrated Goods and Service Tax (IGST) and compensation Cess exemption under EOU Scheme till 01.10.2018 [No.55]

Amendments to Foreign Trade Policy 2015-2020 - Extension of Integrated and Goods and Service Tax (IGST) and Compensation Cess exemption under Advance Authorisation and EPCG Scheme till 01.10.2018 [No.54]

Processing of MEIS applications under FTP 2015-20 in terms of Public Notice 62 dated 16.02.2018 [Trade Notice No.26]

Amendments in Handbook of Procedures 2015-20 [Public Notice No.68]

Processing of Merchandise Exports from India Scheme (MEIS) applications for SEZs Exports [Public Notice No.67]