Manual filing of applications for Advance Ruling and appeals before Appellate Authority for Advance Ruling

Circular No. 25/25/2017-GST F. No. 275/22/2017-CX.8A Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs GST Policy Wing New Delhi, dated 21st December, 2017 To, Principal Chief Commissioners/Chief Commissioners/ Principal Commissioners/Commissioner of Central Tax (All) Principal Director Generals/Director Generals (All) Sub: Manual filing of applications for Advance Ruling and… Read More

Clarification on issues regarding treatment of supply by an artist in various States and supply of goods by artists from galleries

Circular No. 22/22/2017-GST F. No. 349/58/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs GST Policy Wing New Delhi, dated 21st December, 2017 To, The Principal Chief Commissioners/Chief Commissioners/ Principal Commissioners/ Commissioners of Central Tax (All) The Principal Director Generals/ Director Generals (All) Madam/Sir, Subject: Clarification on issues… Read More

Properties of struck off companies from RoC can’t be used, operated, transferred or alienated: MCA

Properties of struck off companies from RoC can’t be used, operated, transferred or alienated in any manner   The Central Government has drawn the attention of all the concerned States and Union Territories (UTs) towards the fact that so far,  2,24,733, companies have been struck off from Register of Companies and that assets, properties etc. (i.e.… Read More

Govt. establishes SEEPZ Special Economic Zone Authority

 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 22nd December, 2017 S.O. 4010(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the SEEPZ Special Economic… Read More

Listed companies must comply on appointing women board directors: MCA

Listed companies must comply on appointing women board directors; total 142 listed companies fined  Section 149 of Companies Act, 2013 (the Act) read with the corresponding rules requires every listed company and prescribed class of companies to have a women director.   Section 172 of the Act lays down punishment for non-compliance.   Registrar of Companies have… Read More

Govt. establishes Himachal Pradesh Computerization of Police Society

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 22nd December, 2017 S.O. 4011(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the ‘Himachal Pradesh Computerization… Read More

India: Financial Sector Assessment Program 2017

Dec 21, 2017                                                                                                         … Read More

CBEC relaxes requirement for mandatory e-sealing till 1st March 2017

Circular No. 5V 2017 -Customs F.No:450/08/2015-Cus.IV Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) Room No. 227-B, North Block , New Delhi , 21st December ,2017 To, All Principal Chief Commissioners of Customs /Customs(Prev.). All Chief Commissioners of Customs / Customs (Prev.). All Principal Commissioners of Customs/Customs (Prev.).… Read More

SEBI issues circular on Exemption application under Regulation 11 (1) of SEBI Takeover Code

CIRCULAR SEBI/HO/CFD/DCR1/CIR/P/2017/131                                                                                                         December 22,… Read More

CBDT issues Income –tax (25th Amendment) Rules, 2017

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 20th December, 2017 G.S.R. 1527(E).—In exercise of the powers conferred by section 282 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the… Read More

RBI Clarification on Banks under Prompt Corrective Action

The Reserve Bank of India has come across some misinformed communication circulating in some section of media including social media, about closure of some Public Sector Banks in the wake of their being placed under the Prompt Corrective Action (PCA) framework. In this context attention is drawn to the press release issued on June 5, 2017,… Read More

RBI releases Report on Trend and Progress of Banking in India 2016-17

The Reserve Bank of India today released the statutory Report on Trend and Progress of Banking in India 2016-17. This Report presents the performance and salient policy measures relating to the banking sector during 2016-17. The Report also provides an analysis of the co-operative banks and non-banking financial institutions. The highlights of the Report are set… Read More

RBI advice agency banks to follow guidelines /instructions issued by government

RBI/2017-18/111 DGBA.GBD/1616/15.02.005/2017-18 December 21, 2017 All Agency Banks Dear Sir / Madam, Prompt implementation of Governments’ instructions by agency banks It is brought to our notice that some agency banks are not adhering to instructions/ notifications issued by Government (Central as well as States) promptly by stating that further communications have not been received by… Read More

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