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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 …
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 …
Second visit in the name of concluding search without without finding anything new for being seized could not validate second panchnama for limitation period u/s 153B(2)(a) – Delhi High Court ABCAUS Case Law Citation:ABCAUS 1297 (2017) (07) HC The Issue:All the appeals were directed against the order of …
DGFT related GST FAQ on export and FTP issues. Emails and tweets received by DGFT have been developed into a 20 question answers FAQ DGFT related GST FAQ FAQs on export and FTP related issues of GST The emails and tweets received by DGFT were scrutinized and developed …
No concealment penalty for wrong claim on the advice of CA. Even if it was wrong, it could be a good case for addition but not for penalty – Punjab & Haryana High Court ABCAUS Case Law Citation: ABCAUS 1296 (2017) (07) HC The Question framed for determination: …