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Basic excise duty on specified goods in chapter 24 increased

July 6, 2019 4260 Views 0 comment Print

Seeks to increase the basic excise duty on specified goods in chapter 24 under section 5A of the Central Excise Act 1944 vide Notification No. 03/2019-Central Excise Dated 6th July, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 03/2019-Central Excise New Delhi, the 6th July, 2019 G.S.R. 486(E)– In exercise of […]

CBIC amends notification No. 11/2017-CE to omit a chapter 24 entry

July 6, 2019 1812 Views 0 comment Print

CBIC further amends notification No. 11/2017-Central Excise dated 30th June 2017 so as to omit an entry with respect to chapter 24 vide Notification No. 02/2019-Central Excise Dated 6th July, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 02/2019-Central Excise New Delhi, the 6th July, 2019 G.S.R. 485(E). – In exercise […]

Special Economic Zones (Amendment) Act, 2019

July 6, 2019 1659 Views 0 comment Print

(1) This Act may be called the Special Economic Zones (Amendment) Act, 2019. (2) It shall be deemed to have come into force on the 2nd day of March, 2019.

Basel III Framework on Liquidity Standards – LCR, FALLCR against credit disbursed to NBFCs & HFCs

July 5, 2019 669 Views 0 comment Print

As per the roadmap, FALLCR is scheduled to increase by 0.50 per cent of NDTL on August 1 and December 1, 2019, respectively. It has been decided that, with immediate effect, banks will be permitted to reckon this increase in FALLCR of 1.0 per cent of the bank’s NDTL as Level 1 HQLA for computing LCR, to the extent of incremental outstanding credit to NBFCs and Housing Finance Companies (HFCs

CBDT notifies Chhattisgarh Building and Other Construction Workers Welfare Board for exemption U/s. 10(46)

July 4, 2019 1113 Views 0 comment Print

Notification No. 52/2019- Central Government notifies‘Chhattisgarh Building and Other Construction Workers’ Welfare Board’, a Board constituted by the Government of Chhattisgarh, in respect of the following specified income arising to that council under section 10(46) of Income Tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 52/2019 New […]

CBDT notifies National Skill Development Corporation for exemption U/s. 10(46)

July 4, 2019 4239 Views 0 comment Print

Notification No. 51/2019-  Central Government notifies ‘National Skill Development Corporation’, a body constituted by the Central Government, in respect of the following specified income arising to that council under section 10(46) of Income Tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 51/2019 New Delhi, the 4th July, […]

Companies (Significant Beneficial Owners) second Amendment Rules, 2019

July 1, 2019 14469 Views 0 comment Print

MCA notifies Companies (Significant Beneficial Owners) second Amendment Rules, 2019 and also notified revised FORM NO. BEN-2 – Return to the Registrar in respect of declaration under section 90.

Section 81 of Companies (Amendment) Act, 2017 applicable from 15 August 2019

July 1, 2019 4308 Views 0 comment Print

Central Government hereby appoints the 15 August, 2019 as the date on which the provisions of section 81 of the Companies (Amendment) Act, 2017 shall come into force. Government of India Ministry of Corporate Affairs Notification New Delhi, 01st July, 2019 S.O. 2269(E).- In exercise of the powers conferred by sub‑section (2) of section 1 […]

Nidhi (Amendment) Rules, 2019

July 1, 2019 32112 Views 6 comments Print

Nidhi means a company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit, and which complies with the rules made by the Central Government for regulation of such class of companies.’.

Kerala Flood Cess to be levied from 1st day of August, 2019

June 29, 2019 12774 Views 0 comment Print

Government have decided to appoint the date of levy and collection of Kerala Flood cess with effect from the 1st day of August, 2019 and also to make suitable amendment in the said rules.

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