"11 August 2017" Archive

Credit Information Companies (Amendment) Regulations, 2017

Notification No. BBR.CID. No. 786/20.16.050/2017-18 (11/08/2017)

No. BBR.CID. No. 786/20.16.050/2017-18.—In exercise of the powers conferred by section 37 of the Credit Information Companies (Regulation) Act, 2005 (Act 30 of 2005), the Reserve Bank of India hereby makes the following regulations, to amend the Credit Information Companies Regulations, 2006....

Read More

The Revolution in Banking Sector Technology

The Prime Minister in his independence day address in August 2014, announced the Prandhan Mantri Jan-Dhan Yojana as a National Mission on Financial Inclusion encompassing an integrated approach to bring about comprehensive financial inclusion of all the households of the country. ...

Read More
Posted Under: Fema / RBI |

Economic Survey 2016-17 Volume-2 : State of the Economy – An Analytical

Economic Survey 2016-17 Volume 2 was laid in the Parliament today. The Survey notices a rekindled optimism on structural reforms in Indian economy. Various factors such as launch of the GST; Positive impacts of demonetization; decision in principle to privatize Air India...

Read More
Posted Under: Fema / RBI |

Highlights of Reforms Measures in Economic Survey 2016-17 Volume-2

Managing and reducing the various risks in agriculture activities can make the sector resilient, increase profitability and can ensure stable income flows to the farmers. The following reforms are suggested for increasing productivity in agriculture and allied sector:...

Read More
Posted Under: Fema / RBI |

Highlights of the Economic Survey 2016-17 Volume-2

The fiscal outcome of the Central Government in 2016-17 was marked by strong growth in tax revenue, sustenance of the pace of capital spending and a consolidation of non-salary/pension revenue expenditure. This combination allowed the Government to contain the fiscal deficit to 3.5 per cent of GDP in 2016-17....

Read More
Posted Under: Fema / RBI |

ICAI e-Books for New Scheme of Education and Training

The Board of Studies in its continuous endeavor to facilitate students in learning anytime and anywhere by leveraging technology, is introducing e-Books for the benefit of the students registered under the new scheme of education and training. The e-Books are available on the Digital Learning Hub through the following link:...

Read More
Posted Under: Fema / RBI |

DGFT issues Trade Notice clarifying conditions on import of Toor Dal

Trade Notice No. 13/(2015-2020) (11/08/2017)

As per the import data base, 2 lakh MT of Pigeon Peas/Toor Dal has already been imported during the current fiscal year. Therefore, the requirement of issuing detailed procedure for import of Toor Dal no longer exists and no authorization in terms para 2.08 of the Foreign Trade Policy (2015-2020) will be issued....

Read More

Import duty on crude edible palm / Soya oil increased

Notification No. 71/2017-Customs (11/08/2017)

Seeks to further amend notification No. 50/2017-Customs dated the 30th June, 2017, so as to 1> Increase the BCD on crude soya bean oil from 12.5% to 17.5%; 2> Increase the BCD on crude palm oil of edible grade from 7.5% to 15%; and ...

Read More

Notification No. 9/2017-Customs (N.T./CAA/DRI) dated 11.08.2017

Notification No. 9/2017-Customs (N.T./CAA/DRI) (11/08/2015)

Notification No. 9/2017-Customs (N.T./CAA/DRI)- In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), dated 4th June 2015 in Gazette of India, Extra-ordinary, Part-II, section 3, sub-section (i), and as amended by notification No. 133/2015-Customs (N.T.), published vide number G.S.R. 916(E) dated 30...

Read More

Notification No. 8/2017-Customs (N.T./CAA/DRI) Dated 11.08.2017

Notification No. 8/2017-Customs (N.T./CAA/DRI) (11/08/2017)

Notification No. 8/2017-Customs (N.T./CAA/DRI)- In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), dated 4th June 2015 in Gazette of India, Extra-ordinary, Part-II, section 3, sub-section (i), and as amended by notification No. 133/2015-Customs (N.T.)...

Read More

Video: Easiest way to file GSTR 3B first return in excel sheet

Form GSTR 3B is the first return of GST regime to be filed by registered dealer and not composition dealer. This online return pertaining to the period of July 2017 needs to be filed by 20-8-2017. This is the summary return of aggregate turnover of taxable supply, exempt supply, export supply and non levy supply and also tax payable. This...

Read More
Posted Under: Fema / RBI |

Distribution of GST Provisional Id & Access Token of Phase 9 dealers

Trade Circular No. 35T of 2017 (11/08/2017)

Provisional Ids and Access Token of Phase 9 dealers, are now made available by GSTN. Dealer can obtain their Provisional Ids from department's portal www.mahavat.gov.in, using their login credentials. The list of all such dealers is published under GST Tab on Mahavat portal....

Read More

CBEC clarifies on furnishing of Bond/Letter of Undertaking for Export

Circular No. 5/5/2017-GST (11/08/2017)

Notification No. 16/2017 – Central Tax dated 7th July, 2017 specifies conditions to be fulfilled for export under Letter of Undertaking (LUT) in place of bond. In the extant Central Excise provisions, LUTs were limited to manufacturer exporters only....

Read More

Impact of GST on Khadi products

With the exemption to the SSI sector being drastically reduced from the existing Rs.150 lakh to Rs.20 lakh, the exemption cover enjoyed by many of the Khadi Institutions (KIs) has been removed. KIs are now mandated to obtain registration under GST and also pay GST on various Khadi products which is 5%. ...

Read More
Posted Under: Fema / RBI |

Case Study on Section 185 and Section 186 of Companies Act 2013

Loans and advances are used together and in common parlance deemed to be synonyms of each other but as per various judicial decisions there is a clear line of demarcation between the two terms....

Read More
Posted Under: Fema / RBI |

LUT/bond will be processed / accepted within 3 working days: CBEC Chairman

DO.No.22/CH(EC)/2017 (11/08/2017)

It has also been instructed that LUT/bond should be processed on top most priority and should be accepted within a period of three working days from the date of submission of LUT/bond. I hope that the issuance of this circular will bring more clarity regarding exports in the GST regime....

Read More

GSTR-3B An Analysis

Before moving to file GSTR-3B we need to understand why GSTR-3B is required to be filed by a normal taxable person instead of GSTR-1, GSTR-2 and GSTR-3 for the first two month (i.e. July and August, 2017....

Read More
Posted Under: Fema / RBI |

Search Posts by Date

November 2020
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30