The GST Act has come into force from 1′ July 2017. To provide assistance to dealers for filling online application for Registration, filling online Returns etc. location wise dedicated help desks have already been set up and contact details have been published on the Maharashtra GST Department’s web site.
Central Board of Excise and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies WEF 07.07.2017
ll applicants desirous of seeking registration as a FVCI are now required to submit their applications online only, through SEBI Intermediary Portal at https://siportal.sebi.gov.in.
The position of direct tax collections till June. 2017 has been reviewed by the Board and it is noted that on several parameters, the growth in revenue is not satisfactory. The gross collections have increased by only 8.4% and it is only due to lower refunds that the net collections are showing a growth rate of about 15%. You will appreciate that once refunds in cases not selected in CASS start getting issued. the growth rate in respect of net collections may also come down.
Due to extensive changes in the systems during the roll out of GST, and ensuring that there is no delay in clearance of such goods due to system issues following decisions have been taken :
The CBDT has devised three Award scheme for the IT employees to be awarded on three different occasions in a year,which are:- a) Presidential Medal for Meritorious Service on the occasion of Republic Day b) Finance Minister’s Award on Income Tax Day i.e. 24th July c) Chairmans Certificate of Appreciation on the occasion of Independence Day
In view of the announcement made in the budget 2014-15 regarding creation of a framework for licensing small banks, and to give a thrust to the supply of credit to micro and small enterprises, agriculture and banking services in unbanked and under-banked regions in the country, Reserve Bank decided to licence new
With the increased thrust on financial inclusion and customer protection and considering the recent surge in customer grievances relating to unauthorized transactions resulting in debits to their accounts/ cards, the criteria for determining the customer liability in these circumstances have been reviewed.
Reference has been received in the Board that seeking clarification as to whether the above concessional duty @ 10% is applicable to goods imported through courier (heading 9804) where the value of the said goods is above Rs. 2000/-. It has been further mentioned that there is no uniformity of practice in the field formations on this issue as different airports are following different practices.
Government of India in the Ministry of Finance (Department of Revenue), No. 8/2017-Integrated Tax (Rate), dated the 28th June, 2017 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 683 (E), dated the 28th June, 2017, in the Table, in Sl No. 10, in column (3) and column (4), for
