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Circulars
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Amendments to Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) -reg.
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RoDTEP validity extension: scrip validity increased and transferee-holder conditions removed under electronic duty credit rules.
Amendments delete conditions relating to the transferee holder of RoDTEP scrips, removing transferee-holder restrictions, and amend the Electronic Duty Credit Ledger regulations to increase the validity period of generated scrips to a longer prescribed term; the Public Notice operates as a Standing Order and invites stakeholders to report implementation difficulties to the Commissioner of Customs, Chennai-IV.
Submission of details on non-receipt of login credentials for CBLMS
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CBLMS login credential access requires Customs Brokers who face non-receipt to submit prescribed details through the designated email channel.
CBLMS login credentials for Customs Brokers operating in Mangaluru Customs Commissionerate under Regulation 7(2) of the Customs Brokers Licensing Regulations, 2018, are sent to mobile numbers registered with ICEGATE. Brokers who have not received the credentials must submit their details in the prescribed Annexure-I format by email to the designated office at the earliest.
Regarding review of enforcement activities conducted by Mobile Squad units.
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Mobile Squad enforcement reporting shifts to BO Web Portal processing, with interception numbers, Case IDs, and transporter entries streamlined.
Online processing of Mobile Squad enforcement work is to continue through the BO Web Portal developed by GSTN, with data received through API integration and an ARN-wise Collection Report available in the MS Section under the Enforcement tab. Re-entry of Register-5 report data on the departmental website's Enforcement tab is no longer required. Earlier instructions are superseded. Interception numbers are to be obtained by SMS, Case IDs generated on the BO Web Portal, and entries in the MS Entry Module are to be made only for action against identified tax-evading transporters.
Amendment in Para 2.107 (TRQ under FTA/CECA) of Handbook of Procedure 2015-2020
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TRQ authorization requirements updated to mandate IEC and GSTIN and clarify IGCR and job work rules for gold imports.
TRQ authorisations for tariff heading 7108 must include the Importer Exporter Code (IEC) of nominated agencies or qualified jewellers and the GSTIN of the jewellery manufacturer; TRQ importers must follow the Customs import rules for concessional or specified end use and relevant circulars. The IGCR procedure applies to the importer until supply to the end use recipient and monthly statement filing; job work restrictions apply only to work on goods belonging to the importer and do not apply to end use recipients, allowing TRQ holders to use imported gold for manufacture with or without job work.
Exim Bank’s Short-Term Line of Credit (STLoC) of EUR 100 million to the Banco Exterior de Cuba for purchase of rice from India
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Short-Term Line of Credit enables financing for rice purchases from India subject to Indian-supply content and procedural compliance.
Exim Bank provided a Short-Term Line of Credit to Banco Exterior de Cuba to finance rice procurement from India, permitting exports of eligible goods and services subject to the Foreign Trade Policy. At least 75 per cent of the contract price must be supplied from India and up to 25 per cent may be procured abroad. The facility is subject to an eight-month terminal utilization period; shipments must be declared in Export Declaration Form/Shipping Bill. No agency commission is payable under the STLoC, and AD Category I banks must notify exporters and permit commission remittances only after realisation and compliance with extant rules. Directions are issued under FEMA.
Request for Quote (RFQ) platform for trade execution and settlement of trades in listed Non-convertible Securities, Securitised Debt Instruments, Municipal Debt Securities and Commercial Paper
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Stock brokers' access to RFQ platforms enabled to place client bids, expanding participation and straight-through settlement.
Registered stock brokers in the debt segment are authorised to place and seek bids on the Request for Quote (RFQ) platform on behalf of clients as well as in proprietary capacity, expanding participant access to the electronic RFQ interface which supports anonymous or disclosed quotes, OTO or OTM modes, bilateral quote negotiation with straight-through clearing and settlement, for eligible debt instruments as specified by exchanges.
Authority regarding action consequential to issuance of Show Cause Notice and for issuance of recurring SCN in case of an enforcement action initiated by the Central authorities against a taxpayer assigned to State and vice versa"
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Enforcement jurisdiction controls consequential actions, while jurisdictional tax authority must issue recurring show cause notices and handle refunds.
All consequential actions arising from an enforcement action lie with the authority that initiated the enforcement, while refunds must be granted by the jurisdictional tax authority administering the taxpayer. Recurring SCNs do not require fresh investigation and should therefore be issued by the jurisdictional authority that maintains the taxpayer's records and assessments rather than by the initiating investigating authority.
Festival Season Intensive Enforcement Campaign (17-10-2022 to 31-10-2022) – Progress Report Format and Instructions
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Festival season GST enforcement targets taxable goods, e-commerce transactions, vehicle checks, and daily progress reporting.
Intensive enforcement against possible GST tax evasion was directed during the festival season from 17-10-2022 to 31-10-2022, in view of the sharp rise in sales, stocking, transport, and e-commerce movement of taxable goods such as gold and bullion, dry fruits, sweets, electrical and electronic goods, textiles, readymade garments, utensils, gift items, FMCG goods, and firecrackers. Vigilance/Enforcement units and Mobile Squad units were instructed to inspect relevant business premises, warehouses, cold storages, vehicles, and online transactions, and to submit daily progress reports in a prescribed format.
Implementation of Notification No. 38/2015-2020 dated 12th October, 2022
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Export quota for broken rice requires authenticated LCs and online DGFT authorisation within prescribed timelines.
Allocation of a quota of 3,97,267 MT for export of broken rice under HS Code 1006 40 00 is notified and export remains Prohibited except via quota-based Registration Certificate/Permission issued by DGFT; applications must be filed online in the DGFT ECOM system within the prescribed window, include purchase order/invoice and LC authenticated by the recipient bank, meet LC and bank message exchange date requirements prior to 8 September 2022, and will be examined per Handbook of Procedure para 2.72, with Export Authorisations valid until 31 March 2023.
Inclusion of Paragraph 2.79C (D) in the Handbook of Procedures of the Foreign Trade Policy (FTP) 2015-20 to notify the procedure for General Authorisation for Export after Repair in India (GAER)
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General Authorization for Export after Repair permits re-export of imported controlled items to the same foreign entity subject to compliance and reporting.
A new GAER allows re-export of imported SCOMET items to the same foreign entity after repair in India when imported under a contract/MSA to an authorised repair facility, provided the exporter obtains a one-time GAER (with Bill of Entry on first shipment), the items retain original specifications with no value addition, subsequent shipments are reported quarterly to DGFT with shipping and Bill of Entry details, and exports to sanctioned or high risk destinations or where initial export authorization is suspended are excluded.
Governing Council for Social Stock Exchange (“SSE”)
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Social Stock Exchange must form a Governing Council to oversee registration, fundraising and disclosures by social enterprises.
SEBI requires each Social Stock Exchange to constitute a Social Stock Exchange Governing Council under Regulation 292D to oversee registration, fundraising and disclosures by Social Enterprises. The SGC must have at least seven members drawn from specified stakeholder categories, be supported by SSE administrative staff, meet at least four times a year, and operate under procedures and conflict-of-interest guidelines set by the stock exchange board. Its remit includes advising on SSE development, onboarding and listing procedures, disclosure adequacy, review of functioning and governance matters.
Suspension, Cancellation or Surrender of Certificate of Registration of a Credit Rating Agency
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Cancellation or suspension of CRA registration halts regulatory recognition of its ratings and mandates orderly migration to other registered CRAs.
From the date of order or surrender request, a CRA must disclose the action, stop new mandates, permit client withdrawal and facilitate migration to other SEBI-registered CRAs; continue cooperation with SEBI and provide records until wound up. On surrender acceptance or winding up the CRA must return the certificate, cease representing itself as registered, suspend rating activity and make liability provisions. Cancellation leaves ratings valid until client withdrawal/migration or winding up; surrender leaves ratings valid until client withdrawal/migration or SEBI acceptance; suspension renders ratings invalid during suspension. Issuers must obtain ratings from other registered CRAs for regulatory compliance.
Introduction of Customs Brokers Licensing management System (CBLMS)
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Customs broker licensing digitisation requires licensees to create portal profiles, enabling online management, uniform procedures, and support access.
Customs Brokers Licensing Management System (CBLMS) is introduced as a central online platform for end-to-end management of Customs Broker licensing processes. Its initial Customs Broker profile module requires integration of existing broker data and profile creation on the portal by Customs Brokers licensed under the applicable licensing framework. The system seeks to digitise administration, reduce physical interface, promote procedural uniformity, enable timely processing, and enhance accountability. Login credentials are linked to ICEGATE-registered mobile numbers, with portal guidance and helpdesk support available for profile-related issues.
Amendments to Rebate of State and Central Taxes and Levies (RoSCTL) Scheme
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RoSCTL duty credit scrips gain two-year validity while specified transferee-holder conditions are removed from the scheme framework.
RoSCTL Scheme amendments remove specified conditions concerning transferee-holders of duty credit scrips by deleting paragraph 4(2), paragraph 5(5), and the reference to "the transferee" in paragraph 6. Corresponding amendments to the Electronic Duty Credit Ledger Regulations extend the validity of RoSCTL scrips from one year to two years from their date of generation.
Amendment in Standard Input Output Norms (SION) of ‘Chemical & Allied Product’ (Product Code ‘A’): Suspension of SIONs A254, A257, A282, A1939, A1973, A2061, A2331, A2539, A2818, A3056 and A3486
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Suspension of SIONs suspends specified chemical product norms; exporters must seek Advance Authorization under Handbook procedures.
Immediate suspension of specified Standard Input Output Norms (SIONs) for listed chemical and allied export products is effected; exporters seeking Advance Authorization for those products must apply under Para 4.07 of the Handbook of Procedures, Vol. I, to obtain input entitlement through the prescribed procedural route.
Extension of Validity regarding Export of Raw Sugar to USA under Tariff Rate Quota (TRQ) for the fiscal Year 2022 from 30.09.2022 to 31.12.2022
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Extension of Validity for Raw Sugar TRQ: export validity extended under Foreign Trade Policy provisions.
The Director General of Foreign Trade, under Paragraph 2.04 of the Foreign Trade Policy, amends Public Notice No. 28/2015-20 read with Public Notice No. 07/2015-20 to extend the validity for exports of raw sugar to the USA under the Tariff Rate Quota (TRQ) from 30.09.2022 to 31.12.2022. All other terms and conditions of the earlier notices remain unchanged.
Clarification on various issues relating to applicability of demand and penalty provisions under the Delhi Goods and Services Tax Act, 2017 in respect of transactions involving fake invoices
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Fraudulent Input Tax Credit triggers GST demand and exclusive penal liability; fake invoice issuers face separate penal provisions.
Issuing tax invoices without actual supply is not a "supply" and does not create tax demand under the DGST Act for the issuer, but the issuer is punishable for issuing invoices without supply. A recipient who fraudulently avails and utilizes ITC without receipt of goods/services is liable to demand and recovery of the ITC with interest and penal action under the fraudulent-ITC provision, with exclusivity of that penalty. If such a recipient passes on the credit by issuing invoices without supply, no tax demand arises for nonexistent outward supply, but penal provisions for issuing fake invoices and wrongful availment/utilization of ITC apply, and others who benefit may also be penalised.
Review of provisions pertaining to Electronic Book Provider platform
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Electronic Book Provider rules prioritise best-bid allocation and optional anchor investor portion, standardising bidding, disclosures and settlement.
Revision of the Electronic Book Provider (EBP) framework prescribes mandatory and optional use of the EBP platform for defined primary issuances, identifies eligible participants, mandates issuer disclosures in placement memoranda and term sheets, and replaces time-priority allocation with price- or yield-based allocation principles favouring the best bid. It introduces an optional anchor investor portion within the base issue with issuer-selected anchors and allocation limits, caps green shoe size, standardises bidding windows and anonymous order-driven bidding formats, requires detailed arranger disclosures, specifies pay-in and settlement via clearing corporations or escrow, prescribes debarment for pay-in defaults, allocates duties to issuers, RTAs and EBPs, and mandates annual CISA audit. The provisions take effect from the specified commencement date.
Amendment in Import Policy Condition under ITC(HS) 08028010 of Chapter 08 of ITC(HS) 2022, Schedule - I (Import Policy)
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Import quota for Fresh Areca Nut permitted from Bhutan via specified land route, subject to DGFT registration and conditions.
The import policy amendment permits a specified annual quantity of Fresh (green) Areca Nut to be imported from Bhutan without application of Minimum Import Price, provided imports are effected only through the designated land customs station and accompanied by a valid Registration Certificate issued by DGFT. DGFT prescribes RC application via its Import Management System, sets per RC quantity limits, RC validity limits, and reserves the right to change allocation modalities; Customs (Kolkata) must establish mechanisms for RC registration, utilisation tracking and compliance monitoring.
Allocation of Portal Login IDs and Roles for Employees on Boweb Portal and Vyas Central Portal as per Circular No. 3186 dated 08-10-2021
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Portal Access Allocation: role-based logins and a verification workflow ensure appropriate departmental access and data control.
Role-based login IDs and passwords are to be allotted on Boweb and Vyas Central per Circular No. 3186: Boweb roles (Assistant to Appellate Authority, Advance Ruling steno roles, Assistant to Commissioner, View Jurisdictional Record/Dashboard) are assigned to specified clerical, stenographer, inspector, computer, collection and number cadres; Vyas Central grants View/Enter/Edit permissions for module menus to those cadres for data feeding without a Verification option, with verification reserved to designated officers; sub-state and local administrators will provision credentials and offices must ensure staff receive access within the prescribed period and notify the ID section and headquarters.

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Withdrawal of Circular No. Bikri-kar/Vividh-28/2018-2352, dated August 13, 2019

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Omission of Rule 95A leads to withdrawal of circular, annulling prior refund guidance for airport retail supplies.
Following the retrospective omission of Rule 95A from the Bihar GST Rules, 2017, which had addressed refunds for taxes on inward supplies by airport ... Summary

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Acts Income Tax