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, …