Day: March 22, 2018
Non-Compliant NBFCs which have not fulfilled their obligations under PML Rules relating to registration of Principal Officer have been asked to do so Prevention of Money Laundering Act, 2002 (PMLA) and the Rules impose obligation on reporting entities (RE’s) including Non-Banking Financial Companies (NBFC’s) to verify identity of …
GST Exemptions on Skill Development, Start-Ups and Tourism Shri Shiv Pratap Shukla, Minister of State for Finance in written reply to a question in Rajya Sabha has briefed members on GST exemptions available on Skill Development, Start-Ups and Tourism. It was stated that all kinds of representations received …
Linking of SWIFT to the Core Banking System Shri Shiv Pratap Shukla, Minister of State for Finance in written reply to a question in Rajya Sabha briefed members on Linking of SWIFT to the Core Banking System. It was stated that the Department of Economic Affairs has apprised that …
States Exempted from Tax Refund after GST The North Eastern and Hilly States have not been provided exemption from tax refund till March, 2027 under GST. The GST Council in the meeting held on 30.09.2016, had decided that all entities exempted from payment of indirect tax under the then …
e-way bill on movement of goods from dry-ports and SEZs within the zone – Govt.clarification on representations received. Clarity on E-Way Bill Government has received various representations from Association of Exporters as well as Corporate Bodies seeking clarity on e-way bill regarding movement of goods from dry-ports to …
India and Hong Kong sign Double Taxation Avoidance Agreement (DTAA) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 19th March, 2018 PRESS RELEASE India and Hong Kong sign Double Taxation Avoidance Agreement (DTAA) On 19.03.2018, Government of India and the …
Task Force constituted to draft a new Direct Tax Law A Task Force has been constituted to review the Income-tax Act, 1961 & to draft a new Direct Tax Law in consonance with the economic needs of the country. Suggestions & feedback are invited from stakeholders in the …
Government notifies NFRA w.e.f. 21st March, 2018. Rules for appointment of office bearers have also been notified simultaneously. As per section 132(4) of the Companies Act, 2013, the National Financial Reporting Authority (NFRA) has been empowered to investigate either suo moto or on a reference made to it by the …
