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Notifications

Bank to provide Aadhaar enrolment and update facilities in Bank premises

July 14, 2017 3471 Views 0 comment Print

i. Every Scheduled Commercial Bank shall set up Aadhaar enrolment and update facility inside its bank premises at a minimum of 1 out of their every 10 branches by 30th August, 2017. ii. The selection of branches for enrolment and update facility shall be such that it covers all the district headquarters where it is present, and that there is maximum coverage of Talukas/Block in every district.

Notification No. 67/2017 – Customs Dated: 14th July, 2017

July 14, 2017 3483 Views 0 comment Print

Notification No. 67/2017-Customs In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 25/2005-Customs, dated the 1st March, 2005.

Banks to Record Transactions details in Passbook/Statement of Account

July 13, 2017 4053 Views 0 comment Print

It has come to our notice that many banks still do not provide adequate details of the transactions in the passbooks and / or statements of account to enable the account holders to cross-check them.

Investment in plant and machinery for classification as MSME not depreciated value

July 13, 2017 27951 Views 3 comments Print

Ministry has clarified that for the investment in plant and machinery for the purpose of classification of an enterprise as Micro, Small or Medium, the purchase value of the plant and machinery is to be reckoned and not the book value (purchase value minus depreciation).

Companies (Meetings of Board and its Powers) Second Amendment Rules 2017

July 13, 2017 6840 Views 0 comment Print

(e) Any director who intends to participate in the meeting through electronic mode may intimate about such participation at the beginning of the calendar year and such declaration shall be valid for one year :

CBDT notifies rules to determine of Fair Market Value of unquoted shares

July 12, 2017 8877 Views 0 comment Print

Determination of Fair Market Value for share other than quoted share. 11UAA. For the purposes of section 50CA, the fair market value of the share of a company other than a quoted share, shall be determined in the manner provided in sub-clause (b) or sub-clause(c),as the case may be,

Madhya Pradesh Goods and Services Tax Act, 2017

July 12, 2017 8820 Views 0 comment Print

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 Madhya Pradesh and the matters connected therewith or incidental thereto

Amendment in Chapter Notes and Import Policy and Policy Conditions of items under Chapter 98 of ITC (HS), 2017 – Schedule -1 (Import Policy)

July 12, 2017 2247 Views 0 comment Print

S.O. (E): In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby amends Chapter Notes and Import Policy and Policy Conditions of items of Chapter 98 as under

Branded dried leguminous vegetables will be taxable under GST

July 12, 2017 1623 Views 0 comment Print

G.S.R. (E).- In the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No.2/2017-Central 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. 674(E), dated the 28th June, 2017

12% GST on Citrus fruit, clementines, wilkings, grape fruits, including lemons & limes

July 12, 2017 1881 Views 0 comment Print

G.S.R. (E).- In the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No.1/2017-Central 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. 673(E), dated the 28th June, 2017

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