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Lok Sabha Passes Aadhaar and Other Laws (Amendment) Act, 2019

June 18, 2019 984 Views 0 comment Print

The Lok Sabha on 4th July 2019 passed the Aadhaar (Amendment) Bill 2019, which seeks to replace Ordinance brought by the Centre last March. With over 122 crore Aadhaar numbers having been issued and with the widespread use of Aadhaar as a proof of identity for various purposes by the Government of India, State Governments […]

Govt imposes retaliatory duties on 28 specified goods exported from USA

June 15, 2019 5787 Views 0 comment Print

Notification No. 17/2019-Customs- Seeks to further amend notification No. 50/2017-Customs dated 30.06.2017 to implement the imposition of retaliatory duties on 28 specified goods originating in or exported from USA and preserving the existing MFN rate for all these goods for all countries other than USA. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification […]

Govt increases customs duty on lentils, boric acid & laboratory reagents

June 15, 2019 1272 Views 0 comment Print

Notification No.16/2019–Customs, Dated: 15.06.2019- Seeks to increase the tariff rate of customs duty on lentils, boric acid and laboratory reagents by amending First schedule to the Customs Tariff Act, 1975 under emergency powers under section 8A of the Customs Tariff Act. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 16/2019–Customs New Delhi, […]

Government Reduces Rate of ESI Contribution from 6.5% to 4%

June 13, 2019 17838 Views 1 comment Print

The Government of India has taken a historic decision to reduce the rate of contribution under the ESI Act from 6.5% to 4%(employers’ contribution being reduced from 4.75% to 3.25% and employees’ contribution being reduced from 1.75% to 0.75%). Reduced rates will be effective from 01.07.2019.This would benefit 3.6 crore employees and 12.85 lakh employers.

Minimum Import Price of Cashew kernel (broken / whole) enhanced

June 12, 2019 1176 Views 0 comment Print

Central Government hereby amends the import policy conditions of cashew kernels (broken) against HS Code 08013210 and cashew kernel (whole) against HS Code 08013220 under Chapter 8 of ITC (HS), 2017, Schedule – I (Import Policy.  Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Notification No. 08/2016-2020-DGFT New […]

Change in Constitution of Appellate Authority under CA, CS, CMA Laws

June 10, 2019 2989 Views 0 comment Print

Central Govt makes further amendments in notification of Govt of India by which it notified Constitution of Appellate Authority under CA, CS & CMA Laws

RBI direction to banks on minimum facilities in BSBD Account

June 10, 2019 822 Views 0 comment Print

Banks are now advised to offer the following basic minimum facilities in the BSBD Account, free of charge, without any requirement of minimum balance. i. The deposit of cash at bank branch as well as ATMs/CDMs ii. Receipt/ credit of money through any electronic channel or by means of deposit /collection of cheques drawn by Central/State Government agencies and departments

Export of River Sand & Stone Aggregates permitted to Maldives

June 7, 2019 3216 Views 0 comment Print

Export of the quantities of River Sand and Stone Aggregates with the annual ceiling indicated in the table in Note 1 above has been permitted for export to the Republic of Maldives under Bi-lateral Trade Agreement between Government of India and Government of the Republic of Maldives.

Companies (Incorporation) Sixth Amendment Rules, 2019

June 7, 2019 10287 Views 0 comment Print

Companies (Incorporation) Sixth Amendment Rules, 2019– MCA notifies new Form No. INC-32 (SPICe form) Application for grant of License to an existing company under section 8 vide notification No. G.S.R. 411(E) dated 7th June, 2019. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 7th June, 2019 G.S.R. 411(E).—In exercise of the powers conferred by sub-sections […]

Maharashtra PT -Returns & Tax Payment by employers- Limit increased

June 6, 2019 5583 Views 0 comment Print

Maharashtra State Tax on Professions, Trades, Callings and Employments (Amendment) Rules, 2019 FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400 032, dated the 6th June 2019. NOTIFICATION MAHARASHTRA STATE TAX ON PROFESSIONS, TRADES, CALLINGS AND EMPLOYMENTS ACT, 1975. No. PFT-2019/C.R.8/Taxation-3.—Whereas the Government of Maharashtra is satisfied that circumstances exist which render it […]

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