Following category of registered persons who shall not be eligible for refund of ninety per cent. of the total amount claimed as refund on account of zerorated supply of goods or services or both on a provisional basis, namely:- i. any registered person who has been granted registration under the said Act or under the existing law within a period of six months from the date of application for refund; or
Power of Central Government to authorise Reserve Bank for issuing directions to banking companies to initiate insolvency resolution process. `35AA. The Central Government may, by order, authorise the Reserve Bank to issue directions to any banking company or banking companies to initiate insolvency resolution process in respect of a default, under the provisions of the Insolvency and Bankruptcy Code, 2016.
Policy Condition No. 4 restricting imports of gold and silver under Exim Codes 7113, 7114, 7115 and 7118 from South Korea is inserted in Chapter 71 of ITC(HS) 2017 .
Principle of Restriction Relating to the importations or exportations of gold or silver is added at (i) under para 2.07 of Foreign Trade policy (2015-20).
A dealer who continues to do business of selling the goods (after from 01 April 2017) mentioned in para 2/3 above, however, shall remain liable to pay tax under the MVAT Act, 2002 and the CST Act, 1956. Such dealers may include the dealers who are liable to pay tax under the MGST/CGST/IGST Acts brought in from forth 01/07/2017.
Central Government hereby appoints the 24th day of August,2017 as the date on which the provisions of sub-sections (8), (9) and sub-section (10) of section 212 of the Companies Act, 2013 shall come into force.
(1) This Act may be called the Central Goods and Services Tax (Extension to Jammu and Kashmir) Act, 2017. (2) It shall be deemed to have come into force on the 8th day of July, 2017.
(1) These rules may be called the Companies (Arrests in connection with Investigation by Serious Fraud Investigation Office) Rules, 2017. (2) They shall come into force on the date of their publication in the Official Gazette.
Standard Operating Procedure (SOP) should be followed for the process of settlement of claims. Anything that is not contained in the current SOP shall be governed by the existing Manual of Accounting Procedure (MAP). In case of any conflict between the SOP and the Manual of Accounting Procedure, this SOP shall be followed.
Attention is drawn to circular of even no dated 31.07.2017, vide which information regarding the launch of the online system for generation of COC was conveyed & the physical application for COC was discontinued.
