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Recording of PPO No. in passbook of Pensioners / Family Pensioners

June 8, 2017 960 Views 0 comment Print

As you are aware, it has been decided to record the PPO number in all the pension passbooks of the pensioners/family pensioners issued to them. This is to alleviate the difficulties reported by pensioners/family pensioners to get duplicate Pension Payment Orders (PPO) in case of missing of original PPO, transfer of pension account from one bank/branch to another bank/branch, commencement of family pension to spouse or dependent children after the death of pensioner, etc. in the absence of ready availability of PPO numbers.

Guideline for Enrollment of GST Practitioner

June 8, 2017 8709 Views 2 comments Print

The forms pertaining to GST Practitioner are as follows : GST PCT 1: Application for enrollment as a GST Practitioner. GST PCT 2: Certificate of enrollment as a GST practitioner , issued by an authorized officer. GST PCT 3: Notice seeking additional information on application for enrollment or show cause notice issued to GST practitioners for misconduct,

Revised Branch Authorisation Policy for unbanked villages

June 8, 2017 735 Views 0 comment Print

Rationalisation of Branch Authorisation Policy – Revision of Guidelines’ wherein final guidelines on ‘Banking Outlets’ have been issued with a view to facilitate financial inclusion as also to provide flexibility to banks on the choice of delivery channel.

Haryana Goods and Services Tax Act, 2017

June 8, 2017 1665 Views 0 comment Print

THE HARYANA GOODS AND SERVICES TAX ACT, 2017 AN ACT to make a provision for levy and collection of tax on intra-State supply of goods or services or both by the State of Haryana and for matters connected therewith or incidental thereto.

India Signs MLC to Prevent Base Erosion and Profit Shifting

June 8, 2017 1398 Views 0 comment Print

Finance Minister Shri Arun Jaitley signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting at Paris on 7th June, 2017 on behalf of India.

Master Direction: Information Technology Framework for NBFC Sector

June 8, 2017 3267 Views 0 comment Print

In exercise of the powers conferred in terms of clause (b) of sub-section (1) of 45-L of the Reserve Bank of India Act, 1934 (Act 2 of 1934), the Reserve Bank of India being satisfied for the purpose of enabling it to regulate the credit system of the country to its advantage it is necessary so to do, hereby issues Master Directions – Information Technology Framework for the NBFC Sector, 2017 hereinafter specified.

Burden of tax on Heena Manufacturers and Traders under GST

June 8, 2017 4143 Views 4 comments Print

The GST Council at its meeting on May 18, 19 has evolved a consensus on GST rates for goods and services, leading us closer to July 1 implementation. The underlying objective of rate declaration was clear for some time, which is to maintain the current effective indirect tax burden to control inflation and avoid surprises. The government has kept a large number of items under 18% tax slab.

Haryana Goods And Services Tax Act, 2017 (Download)

June 8, 2017 7305 Views 0 comment Print

Notification No. Leg. 19/2017 THE HARYANA GOODS AND SERVICES TAX ACT, 2017 AN ACT to make a provision for levy and collection of tax on intra-State supply of goods or services or both by the State of Haryana and for matters connected therewith or incidental thereto.

Govt abolishes various Cesses in last 3 years for roll-out of GST

June 7, 2017 1755 Views 1 comment Print

The Central Government in the last three General Budgets viz 2015-16, 2016-17 and 2017-18 has gradually abolished various cesses on goods and services in order to prepare the ground for smooth roll- out of Goods and Service Tax (GST) from 1st July, 2017.

FCRA: Validation of Foreign Contribution bank accounts

June 7, 2017 1896 Views 0 comment Print

It is, however, seen that a number of associations have not validated their foreign contribution designated accounts causing problems for the banks to comply with the provisions of FCRA 2010/FCRR, 2011. A list of such organizations is attached.

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