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Small Finance Banks – Compendium of Guidelines on Financial Inclusion and Development

July 6, 2017 966 Views 0 comment Print

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

Customer Protection – Limiting Liability of Customers in Unauthorized Electronic Banking Transactions

July 6, 2017 1368 Views 0 comment Print

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.

18% IGST on Rental services of transport vehicles with or without operators

July 5, 2017 4818 Views 0 comment Print

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

IGST exemption to SEZs on import of Goods by a unit/developer in an SEZ

July 5, 2017 5097 Views 1 comment Print

Central Government exempts all goods imported by a unit or a developer in the Special Economic Zone for authorised operations, from the whole of the integrated tax leviable thereon under sub-section (7) of section 3 of the Customs Tariff Act, 1975 (51 of 1975) read with section 5 of the Integrated Goods and Service Tax Act, 2017 (13 of 2017).

Amendment in Notification No. 12/2012-Cus dated 17.03.2012

July 5, 2017 9915 Views 0 comment Print

G.S.R. (E). – In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government 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

Amendment in Sch. IV of Companies Act 2013

July 5, 2017 2784 Views 0 comment Print

Central Government hereby makes the following amendments to Schedule IV of the said Act, namely:- 2. In the Companies Act, 2013, in Schedule IV, -(i) in paragraph III, in sub-para (12), for the words acting within his authority, the words act within their authority shall be substituted;

Export of Sandalwood oil moved from ‘Free’ to ‘Restricted’ category

July 5, 2017 1920 Views 0 comment Print

Central Government hereby makes the following amendments in Notification No. 37/2015-2020 dated 27.01.2017 on (Export policy of Sandalwood oil at Sr. No. 185, Chapter 44 of ITC(HS) Classification – Schdule 2 (Export Policy), with immediate effect:

Impact of GST on unsold stock of pre-packaged commodities -reg.

July 4, 2017 2673 Views 0 comment Print

The undersigned is directed to refer to the above mentioned subject and to state that in exercise of the powers conferred by rule 33(1) of the Legal Metrology (Packaged Commodities) Rules, 2011, the Central Government hereby permits the manufacturers or packers or importers of pre-packaged commodities to declare the changed retail sale price (MRP)

CBDT Amends Rule 29B and Form No. 15C

July 4, 2017 8052 Views 0 comment Print

In the Income-tax Rules, 1962 (hereafter referred to as the Principal rules), in rule 29B, in sub-rule (1), clause (i), for the words interest on securities the words and brackets and figures interest on securities (other than interest payable on securities referred to in proviso to section 193) shall be substituted.

Securities Contracts (Regulation) (Third Amendment) Rules, 2017

July 3, 2017 1890 Views 0 comment Print

1. (1) These rules may be called as Securities Contracts (Regulation) (Third Amendment) Rules, 2017. (2) They shall come into force on the date of their publication in the Official Gazette.

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