Day: July 18, 2017
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 …
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, …
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” …
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 …
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 …
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 …
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 …
GST rates are lower than pre-GST tax on most items of mass consumption Press Information Bureau Government of India Ministry of Finance 18-July-2017 GST rates so notified are lower than the pre-GST tax incidence on most of the items of mass consumption such as cereals, pulses, milk, tea, …
Textile traders demand for nil GST on fabrics can not be accepted. Organized traders and unorganized sellers in Textile Sector not affected by GST-FinMin Press Information Bureau Government of India Ministry of Finance 18-July-2017 FM: Organized traders and unorganized sellers in Textile Sector have not been affected by …
Star rating of hotels irrelevant for GST rate determination Press Information Bureau Government of India Ministry of Finance 18-July-2017 Government clarifies that accommodation in any hotel, including 5-star hotels, having a declared tariff of a unit of accommodation of less than INR 7500 per unit per day, will …