Legislation Updates Archives

Waiver of late fee payable for delayed filing of FORM GSTR-3B for Aug & Sep, 2017

Notification No. 50/2017-Central Tax G.S.R (E).– In exercise of the powers conferred by Section 128 of the Central Goods and Services Tax

Legislation Updates Notifications

Comments sought on Draft Guidelines for Ground Water Extraction

The Central Grounder Water Authority (CGWA) has sent Draft guidelines for “issuance of NOC” for ground water withdrawal and draft “Public Notice”

Legislation Updates Notifications

Comments invited for amendment of Income Tax Rules with reference to registration of Charitable or Religious Trusts

Vide Finance Act, 2017, a new clause (ab) was inserted in sub-section (1) of Section 12A of the Income Tax Act, 1961

Legislation Updates Notifications

S. 247 of Companies Act, 2013 relating to Valuation by Registered Valuers to commence from 18.10.2017

The Ministry of Corporate Affairs has issued Notification for commencement of Section 247 of the Companies Act, 2013 [Valuation by Registered Valuers]

Foreign Legislation Legislation Updates

Customs Valuation (Determination of Value of Imported Goods) Amendment Rules, 2017 notified

NOTIFICATION G.S.R. 1202(E) .— In exercise of the powers conferred by Section 156 read with Section 14 of the Customs Act, 1962

Legislation Updates Rules & Regulations

IBBI relaxes norms for information utilities

No. IBBI/2017-18/GN/REG016.— In exercise of the powers conferred by sub-section (1) of Section 196 read with Section 240 of the Insolvency and

Legislation Updates Notifications

Government rescinds Notification No. 4/2017 dt. 23.08.2017 relating to Gems and Jewellery sector

The Government has received representations from various Associations in the Gems and Jewellery sector with respect to certain incongruities in Notification No.

Legislation Updates Notifications

CBEC extends facility of Letter of Undertaking to all exporters

G.S.R….(E).- In exercise of the powers conferred by Section 54 of the Central Goods and Services Tax Act, 2017, and Section 20

Legislation Updates Notifications

Ambit of ‘legal services’ expanded for the purpose of CGST

CORRIGENDUM New Delhi, 25th September, 2017 G.S.R. 1199(E).— In the notification of the Government of India in the Ministry of Finance (Department

Legislation Updates Notifications

Amendments to RBI Master Direction on Financial Services provided by Banks

Amendments to Master Direction- Reserve Bank of India (Financial Services provided by Banks) Directions, 2016 Considering the suggestions and queries received from

Legislation Updates Rules & Regulations

Companies can have only 2 layers of subsidiaries

Notification G.S.R. 1176(E).- In exercise of the powers conferred under proviso to clause (87) of Section 2, Section 450 read with sub-sections

Legislation Updates Notifications

CBEC reduces CGST rate on specified supplies of Works Contract Services

Notification No. 24/2017-Central Tax (Rate) G.S.R. 1179(E).- In exercise of the powers conferred by sub-section (1) of section 9, sub?section (1) of

Legislation Updates Notifications

RBI classifies P2P lending firms as NBFCs

NOTIFICATION No. DNBR. 045/CGM (CDS)-2017.—The Reserve Bank of India, on being satisfied that it is necessary to do so, in exercise of

Cabinet Decisions Legislation Updates

Cabinet approves introduction of the Dentists (Amendment) Bill, 2017

The Union Cabinet chaired by the Prime Minister has given its approval for introduction of the Dentists (Amendment) Bill, 2017 in Parliament

Legislation Updates Notifications

CBEC notifies revised rates of compensation cess on various motor vehicles

G.S.R. (E).- In exercise of the powers conferred by sub-section (2) of section 8 of the Goods and Services Tax (Compensation to

Cabinet Decisions Legislation Updates

Govt. to introduce the Payment of Gratuity (Amendment) Bill, 2017 in Parliament

The Union Cabinet has given its approval for introduction of the Payment of Gratuity (Amendment) Bill, 2017 in Parliament. The Amendment will

Foreign Legislation Legislation Updates

RBI notifies the Credit Information Companies (Amendment) Regulations, 2017

No. BBR.CID. No. 786/20.16.050/2017-18.—In exercise of the powers conferred by Section 37 of the Credit Information Companies (Regulation) Act, 2005 (Act 30