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Central Goods and Services Tax Act, 2017

April 12, 2017 557871 Views 1 comment Print

1. (1) This Act may be called the Central Goods and Services Tax Act, 2017. (2) It extends to the whole of India except the State of Jammu and Kashmir. An Act to make a provision for levy and collection of tax on intra-State supply of goods or services or both by the Central Government and for matters connected therewith or incidental thereto.

Integrated Goods and Services Tax Act, 2017

April 12, 2017 107136 Views 1 comment Print

An Act to make a provision for levy and collection of tax on inter-State supply of goods or services or both by the Central Government and for matters connected therewith or incidental thereto.

Union Territory Goods and Services Tax Act, 2017

April 12, 2017 16155 Views 0 comment Print

1. (1) This Act may be called the Union Territory Goods and Services Tax Act, 2017. (2) It extends to the Union territories of the Andaman and Nicobar Islands, Lakshadweep, Dadra and Nagar Haveli, Daman and Diu, Chandigarh and other territory.

GST (Compensation to States) Act, 2017

April 12, 2017 32232 Views 0 comment Print

1. (1) This Act may be called the Goods and Services Tax (Compensation to States) Act, 2017. (2) It extends to the whole of India. (3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

Companies (Removal of Names of Companies from Register of Companies) Amendment Rules, 2017

April 12, 2017 3306 Views 0 comment Print

G.S.R. ….(E).- In exercise of the powers conferred by sub–sections (1), (2) and (4) of section 248 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules to amend the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016

Security Substitution Facility for term repos under Liquidity Adjustment Facility

April 12, 2017 879 Views 0 comment Print

As announced in the First Bi-monthly Monetary Policy Statement for 2017-18, it has been decided to allow substitution of collateral (security) by the market participants during the tenor of the term repos conducted by Reserve Bank of India under the Liquidity Adjustment Facility, from April 17, 2017.

Service Tax (Settlement of Cases) Amendment Rules, 2017

April 12, 2017 5250 Views 0 comment Print

CBEC notifies form and rules for application for settlement of a case of Any Person under sub-section (5) of section 32E of Excise Act, made applicable to service tax vide section 83 of the Finance Act, 1994 (32 of 1994)

Amendment in RBI directions relating to IFSC Banking Units (IBUs)

April 10, 2017 1170 Views 0 comment Print

The fixed deposits accepted from non-banks by the IBUs cannot be repaid pre-maturely within the first year. However, fixed deposits accepted as collateral from non-banks for availing credit facilities from IBUs or deposited as margin in favour of an exchange, can be adjusted prematurely in the event of default in repayment of the loan or meeting a margin call.

Lok Sabha passes Motor Vehicle Amendment Bill 2017

April 10, 2017 2166 Views 0 comment Print

THE MOTOR VEHICLES (AMENDMENT) BILL, 2017 A BILL further to amend the Motor Vehicles Act, 1988. It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint and different dates may be appointed for different provisions of this Act and any reference in any such provision to the commencement of this Act shal be construed as a reference to the coming into force of that provision.

Checklist relating to government business for internal / concurrent audit

April 7, 2017 2433 Views 0 comment Print

Internal inspectors/auditors may verify the agency commission claims submitted by branches and confirm their accuracy during the course of their inspection/audit. The following may be specifically examined during the course of internal/concurrent audit at agency bank branches:

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