RBI Introduces Rs 50 banknote in Mahatma Gandhi (New) Series The Reserve Bank of India will shortly issue Rs 50 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India. The new denomination has motif of Hampi with Chariot on …

Number of Taxpayers added after Demonetization-clarification on media reports on different figures given at PM Speech, FM Statement, Rajya Sabha Reply etc. Press Information Bureau  Government of India Ministry of Finance 18-August-2017 19:37 IST Clarification regarding number of Taxpayers added after Demonetization  Various news reports/articles have appeared in …

Non-renewal of THC cannot deprive supporting manufacturer of deduction u/s 80HHC(1A). Lgislative intent is to extend benefit either to exporter or to supporting manufacturer and not to both – High Court ABCAUS Case Law Citation: ABCAUS 2033 (2017) (08) HC Assessment Year :  1996-97 Important Case Laws Cited/relied …

FM asks States to reduce burden of VAT on Petroleum Products used as inputs in GST regime. Arun Jaitely writes to State Chief Ministers Press Information Bureau  Government of India Ministry of Finance 18-August-2017 12:01 IST Finance Minister Sh Arun Jaitley writes to State Chief Ministers to reduce …

Insolvency Resolution Process-Proof of claim by financial creditors by electronic means. Claim for other than financial/operational creditors to be in Form-F INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 16th August, 2017 INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS) (AMENDMENT) REGULATIONS, …

Central Goods and Services Tax Fifth Amendment Rules 2017. CGST Rules Amendment Notification No. 22/2017. Revision of FORM GST REG-13 dated 17th August 2017 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No. 22/2017–Central Tax New Delhi, the 17th August, 2017 G.S.R. 1023(E).—In …