Daily Archive: Tuesday, July 18, 2017

GST Sectoral FAQ on Textiles Sector. CBEC FAQ Booklet under GST sectoral Series

Author: | Categories: GST No comments
GST Sectoral FAQ on Textiles. CBEC has compiled and released a FAQ Booklet under GST sectoral Series. The booklet conmprises of  20 FAQs on GST related to Textile Sector GST Sectoral FAQ on Textiles Sector Question 1: As per Chapter 53 heading 5303 of the GST rate schedule, raw jute has been

 

GST Sectoral FAQ on Exports. CBEC has compiled and released a FAQ Booklet under GST sectoral Series

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GST Sectoral FAQ on Exports. CBEC has compiled and released a FAQ Booklet under GST sectoral Series. The booklet conmprises of  33 FAQs on GST related to Export sector GST Sectoral FAQ on Exports FAQ-EXPORTS Question 1: How are exports treated under the GST Law? Answer: Under the GST Law,

 

GST MSME Sectoral FAQ Series. 57 Question and Answers Booklet by CBEC

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CBEC has compiled and released a FAQ under GST sectoral Series. The booklet conmprises of  57 FAQs on GST in MSME Sector GST MSME Sectoral FAQ  Question 1: What is GST? Answer: GST stands for Goods and Services Tax, which is levied on supply of goods or services. “Supply” is

 

Banks to disclose to Stock Exchamges NPA/Provisioning difference with as assessed by RBI – SEBI

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Banks to disclose to Stock Exchamges NPA/Provisioning difference with as assessed by RBI if exceeds 15% of published net profits after tax/incremental Gross NPAs Securities and Exchange Board of India CIRCULAR CIR/CFD/CMD/80/2017 July 18, 2017 To All banks which have listed specified securities All recognized stock exchanges Dear Sir

 

Bank charges levied by SBI beyond free transaction limits based on monthly average balance

Author: | Categories: Finance Ministry No comments
Bank charges levied by SBI beyond free transaction limits based on monthly average balance(MAB) in savings bank account. No limit for MAB of Rs. 1 Lakhs Press Information Bureau Government of India Ministry of Finance 18-July-2017 Imposition of charges on frequent banking  State Bank of India (SBI) has informed

 

Infusion of capital in Public Sector Banks by Government of India under Indradhanush Plan

Author: | Categories: Finance Ministry No comments
Infusion of capital in Public Sector Banks by Government of India under Indradhanush Plan Press Information Bureau Government of India Ministry of Finance 18-July-2017 Infusion of capital in Public Sector Banks  Reserve Bank of India (RBI) as a regulator formulates banking policy which includes non-performing assets recognition and resolution.

 

GST to migrate from a complicated and multi tax system to a simpler tax system.

Author: | Categories: GST No comments
GST to migrate from a complicated and multi tax system to a simpler tax system. With only 5 ration rates, overall the GST is much simpler to earlier tax  Press Information Bureau Government of India Ministry of Finance 18-July-2017   GST : to migrate from a complicated and multi