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NPPA displays Draft Version of Proposed Price Calculation Sheets for 02 Proposed Ceiling Price/Retail Prices on NPPA’s Website

September 20, 2017
National Pharmaceutical Pricing Authority (NPPA) vide office memorandum dated September 18, 2017 has displayed draft price calculation sheets for the proposed price notifications on the website of NPPA. In this regard, draft 02 calculation sheets of Proposed Ceiling Prices/ Retail Prices based on Pharma Trac data are uploaded on the website. All the companies aggrieved by NPPA’s proposed price fixation, may make representation, if any, against the proposed ceiling price/retail price by submitting documents/information of Price to Retailer (PTR) and Moving Annual Turnover (MAT) data along with supporting documents and copies of Form-V/IPDMS, within 10 working days to NPPA in order to take necessary action in this regard. [No. 8(35)/2016/DP/ (NPPA)-Div.II] URL: http://www.nppaindia.nic.in/order/draft-prposed-working-sheet-18-09-17.pdf Recent posts: West Bengal Government notifies the Time Period for filing GSTR-1 RBI updates Master Direction – Miscellaneous IRDAI issues Draft Amendment to IRDAI’s Payment of commission, remuneration or reward to insurance intermediaries Regulations, 2016 SEBI issues Clarification on Margin Trading Facility Central Goods and Services Tax (Fourth Amendment) Rules, 2017 Clarification regarding Applicability of Zero Rated Supply for the Purpose of Compensation Cess on Exports

Goa Government publishes E-Way Rules and Format for Forms under Goa GST Rules, 2017

September 19, 2017
The State Government of Goa has made the Goa Goods and Services Tax (Sixth Amendment) Rules, 2017 on September 07, 2017 to further amend the Goa Goods and Services Tax Rules, 2017 by substituting the following rules: • Rule 122: Constitution of the Authority • Rule 123: Constitution of the Standing Committee and Screening Committee.- • Rule 124: Appointment, salary, allowances and other terms and conditions of service of the Chairman and Members of the Authority. • Rule 125: Secretary to the Authority • Rule 126: Power to determine the methodology and procedure • Rule 137: Tenure of Authority • Rule 138: Information to be furnished prior to commencement of movement of goods and generation of e-way bill and inserting the following rules under the Chapter XVI: E-Way Rules. • Rule 138A: .Documents and devices to be carried by a person-in-charge of a conveyance • Rule 138B: Verification of documents and conveyances • Rule 138C: Inspection and verification of goods • Rule 138D: Facility for uploading information regarding detention of vehicle Earlier the provision of Rule 138 stated that till such time as an E-way bill system is developed and approved by the Council, the Government may, by notification, specify the documents that the person in charge of a conveyance carrying any consignment of goods shall carry while the goods are in movement or in transit storage. These Rules shall come into force on such date as the State Government may, by notification in the Official Gazette, appoint. [Notification 38/1/2017-Fin(R&C)(13)/2357] URL: http://goaprintingpress.gov.in/downloads/1718/1718-24-SI-EOG-1.pdf Recent posts: Extension of time limit for filing intimation for composition levy by Gujarat State NPPA instructs companies to submit documents/ information related to Form-I application of new drugs under DPCO, 2013 MCA Updates XBRL (eXtensible Business Reporting Language) Validation Tool & CSR Reporting Business Rules Central Government exempts existing models of buses from the applicability of rule 125C of the Central Motor Vehicles Rules, 1989

Jharkhand Government publishes E-Way Rules and Format for Forms under Jharkhand GST Rules, 2017

September 19, 2017
The State Government of Jharkhand has made the Jharkhand Goods and Services Tax (Sixth Amendment) Rules, 2017 on September 07, 2017 to further amend the Jharkhand Goods and Services Tax Rules, 2017 by substituting the following rules: • Rule 122: Constitution of the Authority • Rule 123: Constitution of the Standing Committee and Screening Committee.- • Rule 124: Appointment, salary, allowances and other terms and conditions of service of the Chairman and Members of the Authority. • Rule 125: Secretary to the Authority • Rule 126: Power to determine the methodology and procedure • Rule 137: Tenure of Authority • Rule 138: Information to be furnished prior to commencement of movement of goods and generation of e-way bill and inserting the following rules under the Chapter XVI: E-Way Rules. • Rule 138A: .Documents and devices to be carried by a person-in-charge of a conveyance • Rule 138B: Verification of documents and conveyances • Rule 138C: Inspection and verification of goods • Rule 138D: Facility for uploading information regarding detention of vehicle Earlier the provision of Rule 138 stated that till such time as an E-way bill system is developed and approved by the Council, the Government may, by notification, specify the documents that the person in charge of a conveyance carrying any consignment of goods shall carry while the goods are in movement or in transit storage. These Rules shall come into force on such date as the State Government may, by notification in the Official Gazette, appoint. [S.O. No. 74] URL: http://jhr2.nic.in/egazette/Notification.aspx Recent posts: FSSAI bans use of staple pins on tea bags Tripura Government Extends time limit for filing intimation for composition levy under sub rule (1) of rule 3 of the CGST Rules, 2017 NPPA displays Draft Version of Proposed Price Calculation Sheets for 10 Proposed Ceiling Price/Retail Prices on NPPA’s Website ESIC issues instructions on Determination of Contribution u/s 45-A of the ESI Act. ESIC issues clarification relating to Maternity Benefits under ESI Scheme.

Ministry of New & Renewable Energy issues draft Guidelines for “Offshore Wind Power Assessment Studies and Surveys by Private Players”

September 19, 2017
Ministry of New & Renewable Energy with a view to develop offshore wind power in the country has issued draft Guidelines for “Offshore Wind Power Assessment Studies and Surveys by Private Players”. These guidelinesare preparedwith a view to encourage private participation in offshore studies and surveys by Private Players. The comments/suggestions/views on the draft Policy may please be sent through email (preferably in word format) by October 06, 2017 to Shri P K Dash, Scientist-C at prabir.dash@nic.in. [F. No. 225/1/2017 -WE] URL:http://mnre.gov.in/file-manager/UserFiles/Draft-Guideline-for-offshore-Studies-and-Survey-by-private-players.pdf Recent posts: Extension of time limit for filing intimation for composition levy by Gujarat State NPPA instructs companies to submit documents/ information related to Form-I application of new drugs under DPCO, 2013 MCA Updates XBRL (eXtensible Business Reporting Language) Validation Tool & CSR Reporting Business Rules Central Government exempts existing models of buses from the applicability of rule 125C of the Central Motor Vehicles Rules, 1989

EPFO discontinues Physical Submission of Form-9

September 19, 2017
Employees’ Provident Fund Organization (EPFO) vide circular dated September 18, 2017 has decided to discontinue the submission of Form No. 9 in physical formin respect of all the members joining as well as the establishments being covered on or after October 01, 2017. Since employee master is available in the system containing all relevant details of the employee viz. name, gender, DOB, DOJ, father’s/spouse’s name as well as Aadhar & bank details fetched through ECR, submission of Form No. 9 in physical form by the employer can be discontinued. This would boost e-governance for fully electronic settlement of claims and also facilitate the employers in ease of doing business by reducing their paper work. [WSU/10(1)2011/Changes in MAP/13172] URL: http://www.epfindia.com/site_docs/PDFs/Circulars/Y2017-2018/WSU_Discontinue_PhysicalForm9_13172.pdf Recent posts: Extension of time limit for filing intimation for composition levy by Gujarat State NPPA instructs companies to submit documents/ information related to Form-I application of new drugs under DPCO, 2013 MCA Updates XBRL (eXtensible Business Reporting Language) Validation Tool & CSR Reporting Business Rules Central Government exempts existing models of buses from the applicability of rule 125C of the Central Motor Vehicles Rules, 1989

MCA Revision in Company Forms

September 19, 2017
The Ministry of Corporate Affairs (MCA) is likely to revise the following company forms with effect from September 20, 2017. These forms can be downloaded from MCA21 Company Forms & Download Page. • Form CHG-9: Application for registration of creation or modification of charge for debentures or rectification of particulars filed in respect of creation or modification of charge for debentures; • Form 66: Form for submission of compliance certificate with the Registrar; • Form DIR-12: Particulars of appointment of Directors and the key managerial personnel and the changes among them; • Form CRA-4: Form for filing Cost Audit Report with the Central Government. URL: www.mca.gov.in Recent posts: Maharashtra Government starts distribution of GST Provisional Id and Access Token of Phase 8 dealers NSE Members to submit GSTIN Details to the Exchange before July 25, 2017 Exemptions on Supply of Intra-State Supply of Second Hand Goods under the Central Goods and Services Tax Act APSERC issues draft Arunachal Pradesh State Electricity Regulatory Commission (Procedure, Terms & Conditions for grant of Transmission Licence & other related matters) Regulations, 2017 Cabinet approves Integrated Goods and Services Tax (Amendment) Bill, 2017

TRAI releases consultation paper on “Promoting Local Telecom Equipment Manufacturing”

September 19, 2017
Telecom Regulatory Authority of India (TRAI) vide press release dated September 18, 2017 has released a consultation paper on “Promoting Local Telecom Equipment Manufacturing”. This consultation paper aims to realistically assess India’s true potential in equipment manufacturing with the aim to arrive at recommendations that would enable Indian telecom industry to transition from an import dependent industry to a global hub for manufacturing. The consultation paper is being issued with the following objectives:- (a) To identify the policy measures required to boost Innovation and productivity of local Telecom manufacturing in India. (b) Examine the existing patent laws in context of promoting local manufacturers. (c) Examine the issues of Standardization, Certification and Testing of Telecom Equipments and suggest a framework for improvement to support local telecom equipment manufacturing. (d) Examine issues related to IPR affecting the local telecom equipment manufacturing industry. (e) Examine the current fiscal incentives to promote the local telecom manufacturing and recommend measures for implementation in the future. (f) Identify measures to be taken to attract foreign investment for setting up establishments in India. Written comments on the consultation paper are invited from the stakeholders by October 16, 2017. Counter comments, if any, may be submitted by October 30, 2017. Comments and counter comments will be posted on TRAI’s website www.trai.gov.in. The comments/ counter-comments may be sent in electronic form toArvind@trai.gov.in and bharatgupta.trai@gmail.com.For any clarification/ information, Shri Arvind Kumar, Advisor (BB&PA) may be contacted at Tel. No. +91-11-23220209; Fax: +91-11-23230056. [Press Release No. 75 /2017] URL: http://www.trai.gov.in/sites/default/files/PR_manufacturing.18_9_2017.pdf Recent posts: Maharashtra Government issues clarification on TDS EPFO directs Exempted establishments to file Returns through Newly Launched Portal The Apprenticeship (Fourth Amendment) Rules, 2017 DERC proposes legal advisory cell for consumers Cabinet approves alternative mechanism for creation and launch of a New Exchange Traded Fund

Extension of time limit for submitting Form GST TRAN-1 under Central Goods and Service Tax Rules, 2017

September 19, 2017
The Commissioner, on the recommendations of the Council, has extended the period for submitting the declaration in FORM GST TRAN-1 till October 31, 2017 vide the powers conferred by Rule 120A of the Central Goods and Services Tax Rules, 2017. [Order No. 02/2017-GST] URL: http://www.cbec.gov.in/resources//htdocs-cbec/gst/order2-cgst.pdf The Commissioner, on the recommendations of the Council, has extended the period for submitting the declaration in FORM GST TRAN-1 till October 31, 2017 vide the powers conferred by Rule 120A of the Central Goods and Services Tax Rules, 2017. [Order No. 02/2017-GST] URL: http://www.cbec.gov.in/resources//htdocs-cbec/gst/order2-cgst.pdf Recent posts: CDSCO issued draft Guidance Documents on Essential Principles for safety and performance of medical devices as per Medical Devices Rules, 2017 EPFO issues instructions for employers for use of facility to furnish Compliance in respect of multiple units’ establishments RBI issues Master Circular on Detection and Impounding of Counterfeit Notes Central Government issues draft Gas Cylinders (Amendment) Rules, 2017

Gujarat Government extends the Last Date for Filing the Return in FORM GSTR-3B for the months of August to December, 2017

September 18, 2017
The Commissioner of State Tax, Gujarat, has specified that the return for the following month shall be furnished in FORM GSTR-3B electronically through the common portal on or before the last dates as specified below: Month Last Date for filing of return in FORM GSTR-3B August, 2017 September 20, 2017 September, 2017 October 20, 2017 October, 2017 November 20, 2017 November, 2017 December 20, 2017 December, 2017 January 20, 2018 Every registered person furnishing the return in FORM GSTR-3B shall, subject to the provisions of Section 49 of the Gujarat Goods and Services Tax Act, 2017, discharge his liability towards tax, interest, penalty, fees or any other amount payable under the said Act by debiting the electronic cash ledger or electronic credit ledger, as the case may be, not later than the last date on which he is required to furnish the said return. [Notification No. 35 /2017-State Tax] URL: https://www.commercialtax.gujarat.gov.in/vatwebsite/download/cir_noti/NOTI/Time%20Limit%20for%20Filling%20of%20GSTR3B%20For%20August%20to%20December%202017%20.pdf Recent posts: Jharkhand Government notifies Time for Filing GSTR-1 Jharkhand Government notifies Time for Filing GSTR-3B Central Government issues the Oil Mines Regulations, 2017 TRAI releases “The Standards of Quality of Service of Basic Telephone Service (Wireline) and Cellular Mobile Telephone Service (Fifth Amendment) Regulations, 2017” Further Extension of the last date of filing WBST Return for First Quarter of 2017-18 NSE Filing of Information on Electronic Platform

Gujarat Government notifies Section 51 of the CGST Act, 2017 for TDS

September 18, 2017
The Gujarat Government has appointed September 18, 2017 as the date on which the provisions of Section 51(1) of the Gujarat Goods and Services Tax Act, 2017 shall come into force with respect to persons specified under clauses (a) and (b) of Section 51(1) of the said Act and the persons specified below under clause (d) of Section 51(1) of the said Act, namely: (a) an authority or a board or any other body, – (i) set up by an Act of Parliament or a State Legislature; or (ii) established by any Government, with fifty-one percent or more participation by way of equity or control, to carry out any function; (b) society established by the Central Government or the State Government or a Local Authority under the Societies Registration Act, 1860; (c) public sector undertakings. The said persons shall be liable to deduct tax from the payment made or credited to the supplier of taxable goods or services or both with effect from a date to be notified subsequently, on the recommendations of the Council, by the State Government. [Notification No. 33 /2017-State Tax] URL: https://www.commercialtax.gujarat.gov.in/vatwebsite/download/cir_noti/NOTI/Appointed%20date%20for%20section%2051.pdf Recent posts: Goa Government issues further amendment to Goa Value Added Tax Act, 2005 Central Government launches Pradhan Mantri Vaya VandanaYojana (PMVVY) a Pension Scheme exclusively for the senior citizens SEBI releases Circular on Investments by FPIs in Corporate Debt Central Government issues draft Static and Mobile Pressure Vessels (Unfired) (Amendment) Rules, 2017

Gujarat Government grants Exemption to a Casual Taxable Person making Taxable Supplies of Handicraft Goods from the requirement to obtain Registration

September 18, 2017
The State Government of Gujarat, on the recommendations of the Council, has specified the casual taxable persons making taxable supplies of handicraft goods as the category of persons exempted from obtaining registration under the Central Goods and Services Tax Act, 2017. For being eligible for the above exemption, the aggregate value of such supplies, to be computed on all India basis, should not exceed an amount of twenty lakh rupees in a financial year and the aggregate value of such supplies, to be computed on all India basis, does not exceed an amount of rupees ten lakh in case of Special Category States, other than the State of Jammu and Kashmir. The casual taxable persons mentioned in the preceding paragraph shall obtain a Permanent Account Number and generate an e-way bill in accordance with the provisions of Rule 138 of the Gujarat Goods and Services Tax Rules, 2017. The above exemption shall be available to such persons who are making inter-State taxable supplies of handicraft goods and are availing the benefit of Notification No. 8/2017 – Integrated Tax dated the September 14, 2017. Read Notification No. 8/2017 – Integrated Tax at http://www.cbec.gov.in/resources//htdocs-cbec/gst/IGST_8_2017.pdf [Notification No. 32/2017-State Tax] URL: https://www.commercialtax.gujarat.gov.in/vatwebsite/download/cir_noti/NOTI/Handicraft%20goods%20exemption%20for%20obtaining%20registration.pdf Recent posts: Extension of time limit for filing intimation for composition levy by Gujarat State NPPA instructs companies to submit documents/ information related to Form-I application of new drugs under DPCO, 2013 MCA Updates XBRL (eXtensible Business Reporting Language) Validation Tool & CSR Reporting Business Rules Central Government exempts existing models of buses from the applicability of rule 125C of the Central Motor Vehicles Rules, 1989

Extension of time limit for submitting the declaration in FORM GST TRAN-1 under Rule 120A of the Gujarat GST Rules, 2017

September 18, 2017
The Commissioner of State Tax, Gujarat, on the recommendations of the Council, has extended the period for submitting the declaration in FORM GST TRAN-1 till October 31, 2017 vide the powers conferred by Rule 120A of the Gujarat Goods and Services Tax Rules, 2017 read with Section 168 of the Gujarat Goods and Services Tax Act, 2017. [Order No. 02/2017-GST] URL: https://www.commercialtax.gujarat.gov.in/vatwebsite/download/cir_noti/NOTI/Extension%20in%20Time%20Limit%20For%20TRAN-1.pdf Recent posts: Patents (Amendment) Rules, 2017 Uttarakhand Government notifies the Time Period for filing GSTR-2 TRAI issues Direction to Service Providers regarding Unsolicited Bulk SMSs relating to Investment in Securities Market Maharashtra Government introduces Six Bills in Maharashtra Legislative Assembly CERC extends date for Seeking Comments/Suggestions on framework of Sharing of Interstate Transmission Charges and Losses – Point of Connection Methodology Tamil Nadu Goods and Services Tax (Amendment) Rules, 2017

Gujarat Goods and Services Tax (Seventh Amendment) Rules, 2017

September 18, 2017
The State Government of Gujarat, on September 15, 2017 has made the Gujarat Goods and Services Tax (Seventh Amendment) Rules, 2017 to further amend the Gujarat Goods and Services Tax Rules, 2017. In the Gujarat Goods and Services Tax Rules, 2017, the following amendments have been made: 1) In Rule 3, a new sub-rule 3A is inserted as under: “(3A) Notwithstanding anything contained in sub-rules (1), (2) and (3), a person who has been granted registration on a provisional basis under Rule 24 or who has applied for registration under sub-rule (1) of Rule 8 may opt to pay tax under section 10 with effect from the first day of October, 2017 by electronically filing an intimation in FORM GST CMP-02, on the common portal either directly or through a Facilitation Centre notified by the Commissioner, before the said date and shall furnish the statement in FORM GST ITC-03 in accordance with the provisions of sub – rule (4) of Rule 44 within a period of ninety days from the said date: Provided that the said persons shall not be allowed to furnish the declaration in FORM GST TRAN-1 after the statement in FORM GST ITC-03 has been furnished.” 2) Insertion of Rule 120A after Rule 120 as under: “120A. Every registered person who has submitted a declaration electronically in FORM GST TRAN-1 within the time period specified in Rule 117, Rule 118, Rule 119 and Rule 120 may revise such declaration once and submit the revised declaration in FORM GST TRAN-1electronically on the common portal within the time period specified in the said rules or such further period as may be extended by the Commissioner in this behalf.” 3) Substitution of sub-rule (3) and insertion of sub-rule (4) and (5) in Rule 124 relating to appointment, salary, allowances and other terms and conditions of service of the Chairman and Members of the Authority. 4) In Rule 127 which gives the duties of the Authority, a new clause (iv) has been inserted stating that it shall be the duty of the Authority to furnish a performance report to the Council by the tenth of the close of each quarter. 5) Insertion of two Provisos in Rule 138 which were amended vide Central Goods and Services Tax (Sixth Amendment) Rules, 2017. Rule 138 gives provisions for information to be furnished prior to commencement of movement of goods and generation of e-way bill. [Read Central Goods and Services Tax (Sixth Amendment) Rules, 2017 at http://www.cbec.gov.in/resources//htdocs-cbec/gst/Ntfn%2027_2017.pdf ] 6) Form GST TRAN-1, Form GSTR-4 and Form GST EWB-01 have been amended to insert certain Serial Numbers and Notes. [Notification No. 34 /2017-State Tax] URL: https://www.commercialtax.gujarat.gov.in/vatwebsite/download/cir_noti/NOTI/7th%20Amendment%20in%20GGST%20Rules.pdf Recent posts: Maharashtra Government issues clarification on TDS EPFO directs Exempted establishments to file Returns through Newly Launched Portal The Apprenticeship (Fourth Amendment) Rules, 2017 DERC proposes legal advisory cell for consumers Cabinet approves alternative mechanism for creation and launch of a New Exchange Traded Fund

Rajasthan Government grants Exemption to a Casual Taxable Person making Taxable Supplies of Handicraft Goods from the requirement to obtain Registration

September 18, 2017
The State Government of Rajasthan, on the recommendations of the Council, has specified the casual taxable persons making taxable supplies of handicraft goods as the category of persons exempted from obtaining registration under the Central Goods and Services Tax Act, 2017. For being eligible for the above exemption, the aggregate value of such supplies, to be computed on all India basis, should not exceed an amount of twenty lakh rupees in a financial year. The casual taxable persons mentioned in the preceding paragraph shall obtain a Permanent Account Number and generate an e-way bill in accordance with the provisions of Rule 138 of the Rajasthan Goods and Services Tax Rules, 2017. The above exemption shall be available to such persons who are making inter-State taxable supplies of handicraft goods and are availing the benefit of Notification No. 8/2017 – Integrated Tax dated the September 14, 2017. Read Notification No. 8/2017 – Integrated Tax at http://www.cbec.gov.in/resources//htdocs-cbec/gst/IGST_8_2017.pdf [F. 12(46)FD/TAX/2017-PT.-II-86] URL: http://finance.rajasthan.gov.in/PDFDOCS/TAX/GST/F-GST-6959-15092017.pdf Recent posts: Haryana Government Extends time limit for filing intimation for composition levy under sub rule (1) of rule 3 of the HGST Rules, 2017 CBEC Extends time limit for filing intimation for composition levy under sub rule (1) of rule 3 of the CGST Rules, 2017 TRAI extends last date to receive comments on TRAI’s Consultation paper on data Speed under Wireless Broadband Plans Gujarat Goods and Services Tax (Third Amendment) Rules, 2017 CBDT issues clarificationon TDS to be deducted on amount paid or payable excluding GST

Rajasthan Goods and Services Tax (Seventh Amendment) Rules, 2017

September 18, 2017
The State Government of Rajasthan, on September 15, 2017 has made the Rajasthan Goods and Services Tax (Seventh Amendment) Rules, 2017 to further amend the Rajasthan Goods and Services Tax Rules, 2017. In the Rajasthan Goods and Services Tax Rules, 2017, the following amendments have been made: 1) In Rule 3, a new sub-rule 3A is inserted as under: “(3A) Notwithstanding anything contained in sub-rules (1), (2) and (3), a person who has been granted registration on a provisional basis under Rule 24 or who has applied for registration under sub-rule (1) of Rule 8 may opt to pay tax under section 10 with effect from the first day of October, 2017 by electronically filing an intimation in FORM GST CMP-02, on the common portal either directly or through a Facilitation Centre notified by the Commissioner, before the said date and shall furnish the statement in FORM GST ITC-03 in accordance with the provisions of sub – rule (4) of Rule 44 within a period of ninety days from the said date: Provided that the said persons shall not be allowed to furnish the declaration in FORM GST TRAN-1 after the statement in FORM GST ITC-03 has been furnished.” 2) Insertion of Rule 120A after Rule 120 as under: “120A. Every registered person who has submitted a declaration electronically in FORM GST TRAN-1 within the time period specified in Rule 117, Rule 118, Rule 119 and Rule 120 may revise such declaration once and submit the revised declaration in FORM GST TRAN-1electronically on the common portal within the time period specified in the said rules or such further period as may be extended by the Commissioner in this behalf.” 3) Substitution of sub-rule (3) and insertion of sub-rule (4) and (5) in Rule 124 relating to appointment, salary, allowances and other terms and conditions of service of the Chairman and Members of the Authority. 4) In Rule 127 which gives the duties of the Authority, a new clause (iv) has been inserted stating that it shall be the duty of the Authority to furnish a performance report to the Council by the tenth of the close of each quarter. 5) Insertion of two Provisos in Rule 138 which were amended vide Central Goods and Services Tax (Sixth Amendment) Rules, 2017. Rule 138 gives provisions for information to be furnished prior to commencement of movement of goods and generation of e-way bill. [Read Central Goods and Services Tax (Sixth Amendment) Rules, 2017 at http://www.cbec.gov.in/resources//htdocs-cbec/gst/Ntfn%2027_2017.pdf ] 6) Form GST TRAN-1, Form GSTR-4 and Form GST EWB-01 have been amended to insert certain Serial Numbers and Notes. [F. 12(46)FD/TAX/2017-PT.-II-87] URL: http://finance.rajasthan.gov.in/PDFDOCS/TAX/GST/F-GST-6960-15092017.pdf Recent posts: Extension of time limit for filing intimation for composition levy by Gujarat State NPPA instructs companies to submit documents/ information related to Form-I application of new drugs under DPCO, 2013 MCA Updates XBRL (eXtensible Business Reporting Language) Validation Tool & CSR Reporting Business Rules Central Government exempts existing models of buses from the applicability of rule 125C of the Central

Rajasthan Government notifies Section 51 of the CGST Act, 2017 for TDS

September 18, 2017
The Rajasthan Government has appointed September 18, 2017 as the date on which the provisions of Section 51(1) of the Rajasthan Goods and Services Tax Act, 2017 shall come into force with respect to persons specified under clauses (a) and (b) of Section 51(1) of the said Act and the persons specified below under clause (d) of Section 51(1) of the said Act, namely: (a) an authority or a board or any other body, – (i) set up by an Act of Parliament or a State Legislature; or (ii) established by any Government, with fifty-one percent or more participation by way of equity or control, to carry out any function; (b) society established by the Central Government or the State Government or a Local Authority under the Societies Registration Act, 1860; (c) public sector undertakings: The said persons shall be liable to deduct tax from the payment made or credited to the supplier of taxable goods or services or both with effect from a date to be notified subsequently, on the recommendations of the Council, by the State Government. [F. 12(46)FD/TAX/2017-PT.-II-88] URL: http://finance.rajasthan.gov.in/PDFDOCS/TAX/GST/F-GST-6961-15092017.pdf Recent posts: Extension of time limit for filing intimation for composition levy by Gujarat State NPPA instructs companies to submit documents/ information related to Form-I application of new drugs under DPCO, 2013 MCA Updates XBRL (eXtensible Business Reporting Language) Validation Tool & CSR Reporting Business Rules Central Government exempts existing models of buses from the applicability of rule 125C of the Central Motor Vehicles Rules, 1989

Rajasthan Government extends the Last Date for Filing the Return in FORM GSTR-3B for the months of August to December, 2017

September 18, 2017
The Commissioner of State Tax, Rajasthan, has specified that the return for the following month shall be furnished in FORM GSTR-3B electronically through the common portal on or before the last dates as specified below: Month Last Date for filing of return in FORM GSTR-3B August, 2017 September 20, 2017 September, 2017 October 20, 2017 October, 2017 November 20, 2017 November, 2017 December 20, 2017 December, 2017 January 20, 2018 Every registered person furnishing the return in FORM GSTR-3B shall, subject to the provisions of Section 49 of the Rajasthan Goods and Services Tax Act, 2017, discharge his liability towards tax, interest, penalty, fees or any other amount payable under the said Act by debiting the electronic cash ledger or electronic credit ledger, as the case may be, not later than the last date on which he is required to furnish the said return. [Notification No. F17(131)ACCT/GST/2017/2472] URL: http://rajtax.gov.in/vatweb/download/GstRates/GSTR_3B_date.pdf Recent posts: DGFT extends date for seeking Authorisation for Importing of Gold-Dore TRAI releases Consultation Paper on ‘Auction of Spectrum in 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3300-3400 MHz and 3400-3600 MHz bands’ NPPA displays Draft Version of Proposed Price Calculation Sheets for 06 Proposed Ceiling Price/Retail Prices on NPPA’s Website DGFT revises Entitlement to Export Freely Exportable Items on Free of Cost Basis by Status Holders IRDAI extends the date for Submission of Proposals under Research Grant Scheme CGST and IGST Rate reduced Works Contract Services, Job Work for Textile and Textile Products, Printing Service of Books, Newspapers etc.

RBI directs AD Category-I banks to update export data on EDPMS

September 18, 2017
The Reserve Bank of India (RBI) vide Circular dated September 15, 2017has directed all the Authorised Dealer Category-I (AD Category-I) banks to update the Export Data Processing and Monitoring System (EDPMS) with data of export proceeds on “as and when realised basis” and, with effect from October 16, 2017 generate Electronic Bank Realisation Certificate (eBRC) only from the data available in EDPMS, to ensure consistency of data in EDPMS and consolidated eBRC. [RBI/2017-18/57 A. P. (DIR Series) Circular No. 04] URL: https://rbidocs.rbi.org.in/rdocs/notification/PDFs/APDIR4149E86255563496E80C768875F66C6EB.PDF Recent posts: Tripura Government Extends time limit for filing intimation for composition levy under sub rule (1) of rule 3 of the CGST Rules, 2017 NPPA displays Draft Version of Proposed Price Calculation Sheets for 10 Proposed Ceiling Price/Retail Prices on NPPA’s Website ESIC issues instructions on Determination of Contribution u/s 45-A of the ESI Act. ESIC issues clarification relating to Maternity Benefits under ESI Scheme.

CBEC modifies Tariff Value for Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver

September 18, 2017
The Central Board of Excise and Customs (CBEC) on September 15, 2017 has amended the tariff notification in respect of fixation of tariff value of the following goods: • Crude Palm Oil • RBD Palm Oil • Others – Palm Oil • Crude Palmolein • RBD Palmolein • Others – Palmolein • Crude Soya Bean Oil • Brass Scrap (all grades) • Poppy seeds • Gold, in any form, in respect of which the benefit of entries at serial number 321 and 323 of the Notification No. 12/2012-Customsdated March 17, 2012 is availed • Silver, in any form, in respect of which the benefit of entries at serial number 322 and 324 of the Notification No. 12/2012-Customs dated March 17, 2012 is availed • Areca nuts The Tables 1, 2and 3 provided in the notification will be substituted for the existing tables in its parent notification. These tables contain the details about chapter headings, descriptions of goods and tariff value. [Notification No. 87/2017-CUSTOMS (N.T.)] URL: http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2017/cs-nt2017/csnt87-2017.pdf Recent posts: Maharashtra Government issues clarification on TDS EPFO directs Exempted establishments to file Returns through Newly Launched Portal The Apprenticeship (Fourth Amendment) Rules, 2017 DERC proposes legal advisory cell for consumers Cabinet approves alternative mechanism for creation and launch of a New Exchange Traded Fund

CBEC notifies Section 51 of the CGST Act, 2017 for TDS

September 18, 2017
The Central Government has appointed September 18, 2017 as the date on which the provisions of Section 51(1) of the Central Goods and Services Tax Act, 2017 shall come into force with respect to persons specified under clauses (a) and (b) of Section 51(1) of the said Act and the persons specified below under clause (d) of Section 51(1) of the said Act, namely: (a) an authority or a board or any other body, – (i) set up by an Act of Parliament or a State Legislature; or (ii) established by any Government, with fifty-one percent or more participation by way of equity or control, to carry out any function; (b) society established by the Central Government or the State Government or a Local Authority under the Societies Registration Act, 1860; (c) public sector undertakings: The said persons shall be liable to deduct tax from the payment made or credited to the supplier of taxable goods or services or both with effect from a date to be notified subsequently, on the recommendations of the Council, by the Central Government. [Notification No. 33/2017 – Central Tax] URL: http://www.cbec.gov.in/resources//htdocs-cbec/gst/33_2017-CT_Eng.pdf Recent posts: Maharashtra Government starts distribution of GST Provisional Id and Access Token of Phase 8 dealers NSE Members to submit GSTIN Details to the Exchange before July 25, 2017 Exemptions on Supply of Intra-State Supply of Second Hand Goods under the Central Goods and Services Tax Act APSERC issues draft Arunachal Pradesh State Electricity Regulatory Commission (Procedure, Terms & Conditions for grant of Transmission Licence & other related matters) Regulations, 2017 Cabinet approves Integrated Goods and Services Tax (Amendment) Bill, 2017

CBEC grants Exemption to a Casual Taxable Person making Taxable Supplies of Handicraft Goods from the requirement to obtain Registration

September 18, 2017
The Central Government, on the recommendations of the Council, has specified the casual taxable persons making taxable supplies of handicraft goods as the category of persons exempted from obtaining registration under the Central Goods and Services Tax Act, 2017. For being eligible for the above exemption, the aggregate value of such supplies, to be computed on all India basis, should not exceed an amount of twenty lakh rupees in a financial year and the aggregate value of such supplies, to be computed on all India basis, does not exceed an amount of ten lakh rupees in case of Special Category States, other than the State of Jammu and Kashmir. The casual taxable persons mentioned in the preceding paragraph shall obtain a Permanent Account Number and generate an e-way bill in accordance with the provisions of Rule 138 of the Central Goods and Services Tax Rules, 2017. The above exemption shall be available to such persons who are making inter-State taxable supplies of handicraft goods and are availing the benefit of Notification No. 8/2017 – Integrated Tax dated the September 14, 2017. Read Notification No. 8/2017 – Integrated Tax at http://www.cbec.gov.in/resources//htdocs-cbec/gst/IGST_8_2017.pdf [Notification No. 32/2017 – Central Tax] URL: http://www.cbec.gov.in/resources//htdocs-cbec/gst/32_2017-CT_Eng.pdf Recent posts: TRAI issues Direction to Service Providers regarding Unsolicited Bulk SMSs relating to Investment in Securities Market Mandatory Submission of Aadhar as Identity Document for Grant-in-Aid given by the Ministry to Rashtriya Ayurveda Vidyapeeth RBI amends Basel III Framework on Liquidity Standards CBEC inserts Republic of Niger and Republic of Guinea in Notification Regarding Duty Free Tariff Preference for Least Developed Countries PCBA issues Notice to Regulate Vehicular Noise Pollution and Specifies Consent Requirements for Truck Mounted DG Sets Optional Reporting of Details of One Foreign Bank Account by the Non-Residents in Refund Cases

CBEC extends the Last Date for Filing the Return in FORM GSTR-3B for the months of August to December, 2017

September 18, 2017
The Commissioner, on the recommendations of the Council, has specified that the return for the following month shall be furnished in FORM GSTR-3B electronically through the common portal on or before the last dates as specified below: Month Last Date for filing of return in FORM GSTR-3B August, 2017 September 20, 2017 September, 2017 October 20, 2017 October, 2017 November 20, 2017 November, 2017 December 20, 2017 December, 2017 January 20, 2018 Every registered person furnishing the return in FORM GSTR-3B shall, subject to the provisions of Section 49 of the Central Goods and Services Tax Act, 2017, discharge his liability towards tax, interest, penalty, fees or any other amount payable under the said Act by debiting the electronic cash ledger or electronic credit ledger, as the case may be, not later than the last date on which he is required to furnish the said return. [Notification No. 35/2017 – Central Tax] URL: http://www.cbec.gov.in/resources//htdocs-cbec/gst/35_2017-CT_Eng.pdf Recent posts: Tripura Government Extends time limit for filing intimation for composition levy under sub rule (1) of rule 3 of the CGST Rules, 2017 NPPA displays Draft Version of Proposed Price Calculation Sheets for 10 Proposed Ceiling Price/Retail Prices on NPPA’s Website ESIC issues instructions on Determination of Contribution u/s 45-A of the ESI Act. ESIC issues clarification relating to Maternity Benefits under ESI Scheme.

Central Goods and Services Tax (Seventh Amendment) Rules, 2017

September 18, 2017
The Central Government, on September 15, 2017 has made the Central Goods and Services Tax (Seventh Amendment) Rules, 2017 to further amend the Central Goods and Services Tax Rules, 2017. In the Central Goods and Services Tax Rules, 2017, the following amendments have been made: 1) In Rule 3, a new sub-rule 3A is inserted as under: “(3A) Notwithstanding anything contained in sub-rules (1), (2) and (3), a person who has been granted registration on a provisional basis under Rule 24 or who has applied for registration under sub-rule (1) of Rule 8 may opt to pay tax under section 10 with effect from the first day of October, 2017 by electronically filing an intimation in FORM GST CMP-02, on the common portal either directly or through a Facilitation Centre notified by the Commissioner, before the said date and shall furnish the statement in FORM GST ITC-03 in accordance with the provisions of sub – rule (4) of Rule 44 within a period of ninety days from the said date: Provided that the said persons shall not be allowed to furnish the declaration in FORM GST TRAN-1 after the statement in FORM GST ITC-03 has been furnished.” 2) Insertion of Rule 120A after Rule 120 as under: “120A. Every registered person who has submitted a declaration electronically in FORM GST TRAN-1 within the time period specified in Rule 117, Rule 118, Rule 119 and Rule 120 may revise such declaration once and submit the revised declaration in FORM GST TRAN-1electronically on the common portal within the time period specified in the said rules or such further period as may be extended by the Commissioner in this behalf.” 3) Substitution of sub-rule (3) and insertion of sub-rule (4) and (5) in Rule 124 relating to appointment, salary, allowances and other terms and conditions of service of the Chairman and Members of the Authority. 4) In Rule 127 which gives the duties of the Authority, a new clause (iv) has been inserted stating that it shall be the duty of the Authority to furnish a performance report to the Council by the tenth of the close of each quarter. 5) Insertion of two Provisos in Rule 138 which were amended vide Central Goods and Services Tax (Sixth Amendment) Rules, 2017. Rule 138 gives provisions for information to be furnished prior to commencement of movement of goods and generation of e-way bill. [Read Central Goods and Services Tax (Sixth Amendment) Rules, 2017 at http://www.cbec.gov.in/resources//htdocs-cbec/gst/Ntfn%2027_2017.pdf ] 6) Form GST TRAN-1, Form GSTR-4 and Form GST EWB-01 have been amended to insert certain Serial Numbers and Notes. [Notification No. 34/2017 – Central Tax] URL: http://www.cbec.gov.in/resources//htdocs-cbec/gst/34_2017-CT_Eng.pdf Recent posts: Maharashtra Government Extends time limit for filing intimation for composition levy under sub rule (1) of rule 3 of the MGST Rules, 2017 Government constitutes a GST Feedback and Action Room (FAR) to review the information, calls, media inputs etc. received from Ministries, State Governments, field formations, social media, news channels, emails etc. CBEC issues Exchange Rate Notification

Ministry of Civil Aviation issues Draft Amendment to the Aircraft Rules, 1937

September 15, 2017
The Ministry of Civil Aviation vide notification dated September 11, 2017 has issued draft amendment to the Aircraft Rules, 1937. Vide this amendment: • New definition of Amateur-built aircraft is inserted which means an aircraft with all up weight not exceeding 1500 kilograms, the major portion of which has been fabricated and assembled by person or persons who undertook the construction project solely for their own hobby, education or recreation. • New definition of “Gyroplaneis” inserted which means a rotorcraft whose rotors are not engine-driven, except for initial starting, but are made to rotate by action of the air when the rotorcraft is moving; and whose means of propulsion, consisting usually of conventional propellers, is independent of the rotor system • New Rule 15A is inserted which states that no remotely piloted aircraft of all-up-weight more than 250 grams shall be flown unless such aircraft has been allotted a Unique Identification Number by the Director-General. Objections or suggestions, if any, may be addressed to the Director-General of Civil Aviation, Opposite Safdarjung Airport, New Delhi-110003 or mailed to dgoffice.dgca@nic.in. Any objection or suggestion which may be received from any person with respect to the said draft rules before the expiry of 30 days from the date on which copies of the Gazette of India, in which this notification is published, are made available to the public will be considered by the Central Government. [G.S.R. 1152(E)] URL: http://egazette.nic.in/WriteReadData/2017/178881.pdf No recent posts.
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