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Notifications/Circulars

Major Achievements of MCA for The Month of March, 2017

April 17, 2017 1629 Views 0 comment Print

MCA, vide notification no. G.S.R. 258(E), dated 17.03.2017 has notified amendments to Ind AS 102(Share-based Payments) and to Ind AS 7(Statement of Cash Flows). Amendments to Ind AS 102, pertaining to the classification and measurement of share-based payment transactions clarify as to how to account for certain types of share-based payment transactions.

Amendments to MVAT Act, SCPT Act, PT Act, ET Rules in Maharashtra

April 15, 2017 6603 Views 0 comment Print

In pursuance of clause (3) of article 348 of the Constitution of India, the following translation in English of the Maharashtra Tax Laws (Levy, Amendment and Validation) Act, 2017 (Mah. Act No. XXXI of 2017), is hereby published under the authority of the Governor.

Circular No. 206/4/2017-Service Tax, Dated: 13.04.2017

April 13, 2017 10839 Views 0 comment Print

Issues related to levy of service tax on the services provided by a person located in non-taxable territory to a person located in non-taxable territory by way of transportation of goods by a vessel from a place outside India to the customs station in India

Notification No. 16/2017-Service Tax, Dated: 13.04.2018

April 13, 2017 10920 Views 1 comment Print

Seeks to amend Service Tax Rules, 1994 so as to,(i) Specify the importer as defined under clause (26) of section 2 of the Customs Act, 1962 (52 of 1962) of goods as the person liable for paying service tax in case of services provided or agreed to be provided by a person located in non-taxable […]

TRQ for Raw Sugar: Amendment in import policy

April 13, 2017 1074 Views 0 comment Print

Central Government hereby makes the following amendments in the import policy conditions of ‘Raw Sugar’ classified under Exim Code 170114 of Chapter 17 of ITC (HS), 2017 – Schedule – 1 (Import Policy), as notified vide Notification No 1 dated 05.04.2017, as under:

Amendments in Product Description of 3 items in MEIS Schedule

April 13, 2017 1113 Views 0 comment Print

The product description in the MEIS Schedules of Babies Garments and Clothing Accessories of Wool or Fine Animal Hair, Othr Mcanry Parts Of Heading 8485, Other Seats Of Heading 9401 existing prior to Public Notice 61 dated 07.03.2017 has been corrected in line with ITC (HS).

Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2017

April 13, 2017 16062 Views 0 comment Print

GSR ._ In exercise of the powers conferred by section 234 read with section 469 of the Companies Act, 2013, the Central Government, in consultation with the Reserve Bank of India, hereby makes the following rules to amend the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016

Sec. 234 notified: Merger or Amalgamation of Company with Foreign Company

April 13, 2017 4101 Views 0 comment Print

Government hereby appoints 13th day of April, 2017 as date on which provisions of section 234 of Companies Act, 2013 related to ‘Merger or Amalgamation of Company with Foreign Company’ shall come into force.

Custom notification on TRQ benefit (duty free) for import of raw sugar

April 13, 2017 1119 Views 0 comment Print

1. Time line for availing TRQ benefit (duty free) for import of raw sugar [1701] has been extended from 12.06.2017 to 30.06.2017. 2. Actual user condition has been prescribed for importing raw sugar at Nil rate, availing TRQ benefit for manufacture of white/ refined sugar.

Banks to celebrate June 5-9, 2017 as Financial Literacy Week

April 13, 2017 990 Views 0 comment Print

The literacy week will focus on four broad themes, viz. KYC, Exercising Credit Discipline, Grievance Redressal and Going Digital (UPI and *99#).

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