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IBBI (Fast Track Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2018

February 7, 2018 1710 Views 0 comment Print

The Insolvency and Bankruptcy Board of India (IBBI) has amended the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 yesterday.

GST Settlement of Funds (Amendment) Rules, 2018

February 6, 2018 3615 Views 0 comment Print

At any point of time in any particular financial year, the Central Government may, on the recommendations of the Goods and Services Tax Council, provisionally settle any sum of integrated goods and services tax collected in that particular financial year which has not been settled so far.

IBBI (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2018

February 6, 2018 6228 Views 0 comment Print

The Insolvency and Bankruptcy Board of India (IBBI) amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 yesterday.

Custom Duty on import of Chana (Chickpeas) increased to 40%

February 6, 2018 996 Views 0 comment Print

Seeks to increase BCD tariff rate on Chana (Chickpeas), [Tariff item 0713 20 0] from 30% to 40% by invoking section 8A (1) of the Customs Tariff Act, 1975 and accordingly, the effective rate of BCD on Chana (Chickpeas), will also be 40%

CBEC increases import duty on all types of sugar to 100%

February 6, 2018 1107 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3 of Customs Tariff Act, 1975 (51 of 1975)

Compliance of Labour Laws relating to Contract Labour hired by Railways

February 6, 2018 2100 Views 0 comment Print

In this regard, a letter is being issued to all General Manager of Indian Railways (all Zones), Kolkata Metro Corporation, Director General, RDSO and Chairman & Managing Director, IRCTC for ensuring compliance in respect of contract workers being Principal Employers.

Corrigendum to Order of constitution of Insolvency Law Committee

February 6, 2018 651 Views 0 comment Print

Ministry of Corporate Affairs vide its order dated 16.11.2017 constituted Insolvency Law Committee to examine the suggestions received and related matters regarding provisions of Insolvency and Bankruptcy Code, 2016.

AS 22 or Ind AS 12 not applicable to Government Company: MCA

February 5, 2018 10467 Views 1 comment Print

Provisions of Accounting Standard 22 or Indian Accounting Standard 12 relating to deferred tax asset or deferred tax liability shall not apply, for seven years with effect from the 1st April, 2017, to a Government company which:—

J&K Govt. notifies Reimbursement of Taxes for promotion of industries

February 5, 2018 2394 Views 1 comment Print

State of Jammu and Kashmir hereby notifies the following scheme for providing budgetary support to the manufacturing units in the shape of reimbursement of State Taxes paid under Jammu and Kashmir Goods and Services Tax Act, 2017.

Amendment in import policy condition of pepper

February 5, 2018 1026 Views 0 comment Print

Import policy of Light black pepper classified under EXIM Code 0904 11 20 under Advance Authorization Scheme is laid down, in partial modification of the Notification No. 42 /2015-20 dated 6th December, 2017.

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