Loading...

⚠ ✕
❮ Top
☎ Help
☰
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback✕

Contact Us At :

✉ E-mail: [email protected]

✆ To Call / Whatsapp, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search ✕
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
✕
Create New Category
Hide
Title :
Description :
❮❮ Hide
❮ Default View
Expand ❯❯
Close ✕
🔎 Filters / Advanced Search ❯
TEXT

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In
Main Text + AI Text ❯
  • Main Text
  • Main Text + AI Text
  • AI Text
  • Title Only
Law:
---- All Laws---- ❯
  • ---- All Laws----
  • Income Tax
  • Central GST Laws
  • SGST - State GST Laws
  • Customs
  • FTP - Foreign Trade Policy
  • SEZ - Special Economic Zone
  • FEMA - Foreign Exchange Management
  • Companies Law
  • SEBI - Securities & Exchange Board of India
  • IBC - Insolvency and Bankruptcy
  • LLP - Limited Liability Partnership
  • Trust and Society
  • PMLA - Money-Laundering
  • Indian Laws
  • Service Tax
  • Central Excise
  • DVAT - Delhi Value Added Tax
  • Reserve Bank of India
Year: ?
Publishing Year
---- All Years ---- ❯
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
  • 2001
  • 2000
  • 1999
  • 1998
  • 1997
  • 1996
  • 1995
  • 1994
  • 1993
  • 1992
  • 1991
  • 1990
  • 1989
  • 1988
  • 1987
  • 1986
  • 1985
  • 1984
  • 1983
  • 1982
  • 1981
  • 1980
  • 1979
  • 1978
  • 1977
  • 1976
  • 1975
  • 1974
  • 1973
  • 1972
  • 1971
  • 1970
  • 1969
  • 1968
  • 1967
  • 1966
  • 1965
  • 1964
  • 1963
  • 1962
  • 1961
  • 1960
  • 1959
  • 1958
  • 1957
  • 1956
  • 1955
  • 1954
  • 1953
  • 1952
  • 1951
  • 1950
  • 1949
  • 1948
  • 1947
  • 1946
  • 1945
  • 1944
  • 1943
  • 1942
  • 1941
  • 1940
  • 1939
  • 1938
  • 1937
  • 1936
  • 1935
From Date:
To Date:
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
☰   Show Results ❯
❮
❯
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

Circulars
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
Instructions on Issuance of TDS certificates in form no. 16A and option to authenticate same by way of Digital Signature
Show AI Summary
TDS certificate authentication: TIN-generated Form 16A is required for specified banks and companies; digital or manual signature permitted.
A TIN website facility will enable deductors to download Form No.16A generated from their e-TDS statements with a unique certificate number; specified companies and banking institutions must use TIN-downloaded Form No.16A for relevant deductions, others may elect to do so. Downloaded certificates may be authenticated by digital or manual signature, while non-TIN-issued certificates require manual signature. The systems authority will prescribe procedures, formats and standards, and TIN-downloaded certificates issued per those procedures will be treated as valid for statutory TDS certification requirements.
Compliance of provisions of the Companies Act, 1956 and Rules made thereunder
Show AI Summary
Statutory annual filing compliance: non filing companies face restricted MCA 21 filing rights and signing prohibitions until filings are updated.
Companies that have not filed statutory annual accounts and annual reports on MCA 21 are barred from filing any MCA 21 forms except specified forms (including Form 32, Form 20B, Form 21A, DIN 3, Form 21, Form 1AA, Form 62, Forms 23AC/23ACA, investor protection fund deposit forms and cost audit forms). Directors are prohibited from signing MCA 21 filings for such companies, and company secretaries and auditors are not permitted to sign or certify filings; coordinated regulatory action and stakeholder consultation are contemplated.
Corrigendum - Manual filing and processing of bills of entry/shipping bills - stringent checks required to prevent misuse - Regarding.
Show AI Summary
Manual processing restriction limited to exceptional genuine cases; authority vested in Commissioner and withdrawn when EDI feasible.
Manual filing and processing of bills of entry and shipping bills is permitted only as an exception when EDI is not feasible; the authority to grant such permission rests solely with the Commissioner of Customs, and any permission must be withdrawn once EDI processing becomes feasible to prevent misuse and protect revenue.
Reporting of Offshore Derivative Instruments(ODIs)/ Participatory Notes(PNs) activity
Show AI Summary
Reporting requirement for offshore derivative instruments updated-old format permitted temporarily while revised reporting and undertaking take effect.
SEBI deferred implementation of the new reporting format for Offshore Derivative Instruments/Participatory Notes, permitting the old format through the June reporting month while requiring the first monthly report under the revised timetable to be submitted for the July reporting month and making the additional undertaking applicable from the April reporting month onward.
25/2011 - 12-05-2011 Companies Law
Filling of Balance Sheet and Profit and Loss Account in eXtensible Business Reporting Language (XBRL) mode.
Show AI Summary
XBRL filing coverage updated to include listed companies and subsidiaries meeting capital or turnover thresholds, excluding certain sectors.
The corrigendum revises Phase I coverage for XBRL filing by requiring all companies listed in India and their subsidiaries that meet prescribed capital or turnover thresholds to file balance sheet and profit and loss accounts in XBRL, while excluding banking companies, insurance companies, power companies, non banking financial companies and overseas subsidiaries of these entities.
Disposal of duty free imported vehicles belonging to privileged persons - Regarding.
Show AI Summary
Disposal of duty-free vehicles by privileged persons now governed by Foreign Privileged Persons Rules, enabling regulated sales to non-privileged buyers.
The amendment replaces the former restriction that duty free vehicles imported by foreign diplomats and privileged persons could only be sold to other privileged persons and had to be re exported, with a provision that such vehicles shall be disposed of in the manner specified in the Foreign Privileged Persons (Regulation of Customs Privileges) Rules, 1957, as amended.
Prosecution provision in Finance Act, 1994 – regarding.
Show AI Summary
Prosecution for material service tax offences targets non issuance of invoices, fake credit claims and failure to remit collected tax.
Prosecution under section 89(1) of the Finance Act, 1994 targets material service tax offences: failure to issue prescribed invoices within the statutory period (including rules for reverse charge recipients), availment and utilization of credit without receipt of services (including fake or altered invoices), maintenance or supply of false books or materially false information affecting tax liability, and collection of tax followed by non remittance. Corporate officers may be prosecuted with a due diligence defence; mens rea is presumed and the accused bears the burden to disprove it. Sanctioning and procedural safeguards, a monetary threshold for prosecution, and recording of reasons by sanctioning authorities are mandated.
Manual filing of Bills of Entry and Shipping Bills in-Regarding.
Show AI Summary
Manual filing exception for customs documents permitted only when EDI infeasible, subject to commissioner approval and mandatory EDI data entry.
Electronic filing is mandated for all Bills of Entry and Shipping Bills, but the Commissioner may allow manual filing only where EDI is not feasible. For ICES 1.5 technical problems, the Systems Manager, after EDI section recommendation, must verify the snag and endorse the request, which is then submitted via ADC/JC to the Commissioner for final permission considering licensing and DGFT implications. Upon approval, Import & Bond will register manual documents with running serial numbers, forward copies to Statistics for mandatory EDI data entry, and keep records to ensure all manual filings are entered into the EDI system.
Approval for FDI in Limited Liability Partnership firms
Show AI Summary
FDI in LLPs: permitted in sectors allowing full automatic foreign investment, subject to sectoral prohibitions and funding rules.
FDI in LLPs is permitted only in sectors allowing full foreign investment through the automatic route without FDI-linked performance conditions; LLPs with FDI cannot engage in agricultural/plantation activity, print media or real estate, nor make downstream investments. Foreign capital must be received by inward remittance or by debit to permitted foreign currency accounts via authorized banks. FIIs, FVCIs and ECBs are not permitted. Designated partners must satisfy residency requirements under foreign exchange law, corporate designated partners must be Companies Act-registered companies, conversion of FDI companies to LLPs needs prior government approval, and designated partners are liable for compliance and penalties.
Procedural differences in LLP F.O. Portal from MCA 21 should be available on website to avoid the problem of users
Show AI Summary
Digital signature requirement: USB token signatures mandatory for LLP filings and designated Partner user IDs must file specific forms.
LLP portal filings require creation of a Business User ID with an uploaded DSC; one designated partner must upload a DSC for incorporation while other designated partners may file Form 7 from their own IDs without DSC. Form 7 must be filed from the respective designated partner's ID; Forms 1 and 2 must be filed from the same designated partner's ID. The system forbids use of multiple Business User IDs by one person and blocks Form 2 if different IDs are used. Form 2 is permitted only after approval of Forms 7 and 1. USB token digital signatures are mandatory and professionals must not file using their own IDs for clients.
Regarding imports of goods under Chapter 84 of ITC (HS) and the requirement of compliance to Chapter 87 Import License Notes.
Show AI Summary
Import licensing applicability: licensing notes for chapter eighty-seven do not apply to machines classified under chapter eighty-four.
Licensing Notes No.1 and No.2 of the vehicle chapter do not apply to goods such as reach stackers and forklifts that are classifiable under the machinery chapter, since those items are machines and equipment and should be classified and regulated under the machinery chapter rather than under the vehicle chapter's import licensing notes.
Leviability of Service Tax on the Flying Training School and Aircraft Maintenance Engineering Institutes - reg.
Show AI Summary
Commercial training or coaching service: flying and maintenance institutes taxable as courses are not statutorily recognized.
Commercial training or coaching service applied to flying training schools and aircraft maintenance engineering institutes is taxable because their courses and certificates are not "recognized by law" in the statutory sense; DGCA approval or reliance on training for licensing does not amount to statutory recognition, and amendments and notifications narrowing exemptions exclude these institutes from relief.
Procedure for disposal/removal of packing material, nylon/metal strips, wooden plastic pallets/material from CFSs reg.
Show AI Summary
Disposal procedure for unserviceable packing material requires dock authority permission and regulatory NOC before removal from CFSs.
Procedure mandates that CFSs apply to dock authorities to verify and obtain permission for removal of unserviceable packing materials left by importers or exporters; dock authority permission is conditional on a no objection certificate from competent regulatory authorities where required, and gate personnel will allow removal after prescribed checks and verifications.
Introduction of Biometric Smart Cards-reg.
Show AI Summary
Biometric smart cards replacing magnetic Customs passes to secure identification and require revalidation on detail changes.
Introduction of a Biometric Smart Cards regime for Custom House Agents, their employees and self-operating importer/exporter representatives to replace magnetic-strip Customs passes; cards will embed digitally encoded individual and firm information in an electronic chip, require revalidation on detail changes, and will be issued after photography and particulars verification through a phased substitution process requiring inventory, return of existing passes, and submission of pass statements to the department.
24/2011 - 11-05-2011 Companies Law
Loan to Public Limited Companies under Section 295 of the Companies Act, 1956
Show AI Summary
Central government approval under Section 295 should be sought only when the specified subsections apply.
Approval for loans, guarantees or securities to Public Limited Companies is required from the Central Government only where sub section (d) or (e) of section 295 of the Companies Act, 1956 applies. Companies should not seek prior approval for transactions that do not fall under those sub sections, and any application must clearly state the facts showing that the provisions are attracted.
Regarding Monthly Technical Reports both Customs and (Central Excise and Service Tax) Annexures on litigation matters – revisions
Show AI Summary
Revisions to monthly litigation report annexures issued to standardise Customs and Central Excise & Service Tax reporting procedures.
The circular prescribes revisions to the annexures of the Monthly Technical Reports for litigation matters concerning Customs and Central Excise & Service Tax, directing all Chief Commissioners, Director Generals, Commissioners, the appellate tribunal registry, and the Directorate of Legal Affairs to adopt the updated reporting format and content to standardise monthly departmental litigation reporting.
Clarification regarding Short Term Accommodation Service and Restaurant Service
Show AI Summary
Service tax scope for short-term accommodation and specified restaurants clarified; taxable value rules and applicability outlined.
Clarifies valuation and scope for service tax on Short Term Accommodation Service and Restaurant Service: declared tariff (including amenities but excluding discounts) determines liability while tax is charged on the actual amount collected after discounts; separate tariffs permitted for intelligible customer classes; declared tariff including food is taxable unless food is billed separately; seasonal tariff revisions must be uniform and declared; state luxury tax and VAT excluded from taxable value. For restaurants, tax applies only where premises are air-conditioned and licensed to serve alcohol; clearly demarcated outlets not meeting both criteria are not taxable; extensions of the restaurant are taxable; room service billed separately is not taxable under either head.
Regarding import of liquid bulk cargo and storage of the same in Bonded Warehouse outside the port area by transporting through pipeline.
Show AI Summary
Unloading of liquid bulk cargo into bonded warehouse via pipeline allowed with prior customs permission and compliance.
Direct discharge of imported liquid bulk cargo into bonded storage tanks outside the port via pipeline may be allowed under Section 33 provided the cargo is liquid bulk, the receiving premises are a bonded warehouse, prior permission of the proper officer is obtained before unloading, all Customs Act requirements are met, and where tanks lie outside the port Commissioner's jurisdiction concurrence of the local Commissioner is obtained with necessary safeguards; clearance for home consumption remains subject to customs requirements.
Appointment of Common Adjudicating Authority
Show AI Summary
Assignment of Show Cause Notices: DRI-issued notices referred to Commissioner of Customs (Adjudication) for adjudication.
The Board, invoking powers under the Customs Act notification, assigns two show cause notices issued by the Directorate of Revenue Intelligence, Chennai Zonal Unit - against M/s Starwin Tex and M/s S & H Inc., Coimbatore - to the Commissioner of Customs (Adjudication), Chennai for adjudication, and directs service of the order to the DRI headquarters, the Chennai Zonal Unit, the Chief Commissioner of Central Excise, Coimbatore Zone, and the Board webmaster.
Setting up of ACES Certified Facilitation Centres (CFCs)
Show AI Summary
ACES Certified Facilitation Centres enable authorized members to perform ACES filings on behalf of taxpayers for prescribed fees.
CBEC and the professional institutes will permit eligible members holding Certificates of Practice to establish ACES Certified Facilitation Centres (CFCs) to assist taxpayers lacking IT resources. CFCs may provide digitization and online filing/uploading of registration applications, returns, claims, permissions and intimations within ACES, and may perform all ACES functions on behalf of taxpayers who authorize them, in return for prescribed service charges.

Circulars

Back

All Circulars

Showing Results for :
Reset Filters
No Records Found

Circulars

Processing of refund applications filed by Canteen Stores Department (CSD).

Contents
Summary
Note

Note

-

Bookmark

(New) -

Download

Print

Print

Refund entitlement for CSD: invoice-based GST refund procedure and inter-authority payment coordination instituted.
CSD refunds are invoice-based entitlements of fifty per cent of tax on inward supplies made subsequently to unit run canteens or authorized customers and ... Summary

Topics

Acts Income Tax