Corporate Law Reporter - The Daily Journal

CBEC aims to reduce matters of Service Tax and Central Excise on priority

Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs North Block, New Delhi – 110 001 Tel. : +91-11-23092849, Fax : +91-11-23092890 E-mail : chmn-cbec@nic.in DO.No.26/CH(EC)/2017 … Read More

CBEC invites suggestions on Draft ‘Expenditure Budget Manual, 2017 by 15.09.2017

Government of India Directorate General of Human Resource Development Customs & Central Excise Plot No.C-4 (West Wing) Ground Floor, IRCON Building District Centre, Saket, New Delhi-1210017 D.O.F. No. 8/B/10(136) HRD (EMC)/2017 6Th September, 2017 Dear Sub: Draft ‘Expenditure Budget Manual, 2017’-reg This is to inform you that the draft of first Edition of… Read More

Govt. amends the rates of compensation cess on various motor vehicles.

[TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY] GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 5/2017-Compensation Cess (Rate) New Delhi, the 11th September, 2017 G.S.R. (E).- In exercise of the powers conferred by sub-section (2) of section 8 of the Goods and Services… Read More

Decisions taken on Services – 21st GST Council Meeting, 9th September, 2017

The following decisions were taken by the GST Council at its 21st meeting held in Hyderabad on 9th September, 2017. The information is being uploaded immediately after the GST Council’s decision and it will be subject to further vetting during which the list may undergo some changes. The decisions of the GST Council are being… Read More

Govt.extends time limit for filing of GSTR-6 by an Input Service Distributor

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No. 31/2017 – Central Tax New Delhi, the 11th September, 2017 G.S.R. …..(E).—In exercise of the powers conferred by sub-section (6) of section 39… Read More

CBEC further extends the time limit for filing GSTR-1, GSTR-2 and GSTR-3

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No. 30/2017 – Central Tax New Delhi, the 11th September, 2017 G.S.R.(E).- In exercise of the powers conferred by the second proviso to sub-section… Read More

Direct Tax Collections up-to August, 2017 in 2017-18 show Growth of 17.5%

Direct Tax Collections up-to August, 2017 in the current Financial Year 2017-18 show Growth of 17.5% The Direct Tax collections up to August, 2017 in the current Financial Year 2017-18 continue to register a steady growth. Direct Tax collections, net of refunds, stands at Rs. 2.24 lakh crore which is 17.5% higher than the net collections for… Read More

RBI says it uses sophisticated machines for processing currency notes

It has been reported in a section of the press, quoting a reply to RTI application, that RBI was not using machines for counting Specified Bank Notes (SBNs). RBI actually uses sophisticated Currency Verification & Processing (CVPS) machines for checking the numerical accuracy and genuineness of the currency notes, including SBNs. These machines are way… Read More

Alteration in the name of “National Bank of Abu Dhabi PJSC” to “First Abu Dhabi Bank PJSC” in RBI Act

RBI/2017-18/53 DBR.No.Ret.BC.84/12.07.150/2017-18 September 7, 2017 All Scheduled Commercial Banks Dear Sir/Madam Alteration in the name of "National Bank of Abu Dhabi PJSC" to "First Abu Dhabi Bank PJSC" in the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the name of "National Bank of Abu Dhabi PJSC" has been changed… Read More

Inclusion of “Qatar National Bank SAQ” to Schedule -II of the Reserve Bank of India Act, 1934

RBI/2017-18/52 DBR.No.Ret.BC.83/12.07.150/2017-18 September 07, 2017 All Scheduled Commercial Banks Dear Sir/Madam, Inclusion of “Qatar National Bank SAQ” in the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the “Qatar National Bank SAQ” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DBR.IBD.No.18/23.03.032/2017-18… Read More

Inclusion of “Ujjivan Small Finance Bank Limited” in Schedule-II of the Reserve Bank of India Act, 1934

RBI/2017-18/54 DBR.No.Ret.BC.85/12.07.150/2017-18 September 07, 2017 All Scheduled Commercial Banks Dear Sir/Madam, Inclusion of “Ujjivan Small Finance Bank Limited” in the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the “Ujjivan Small Finance Bank Limited” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide… Read More

Bombay HC judgement on Promotion or increase in salary in a private-establishment

(A) BRIEF FACTS: A.1 Petitioner is a registered company under the Companies Act and is publishing daily newspapers from Nagpur. Petitioner-company is an industry within the meaning of Section 2(j) and respondent is a workman under section 2 (s) of the Industrial Disputes Act, 1947. Instant petition takes an exception to the judgment and order passed… Read More

Procedure for payment of Stamp Duty on Share Certificates in Delhi

Allotment of Securities S. NO. PARTICULARS DETAILS 1. Allotment within 60 days Allotment shall be done within 60 days of receipt of application money. 2. If not allotted within 60 days, refund in next 15 days If allotment is not done within 60 days then refund the whole application money within next 15 days. 3.… Read More