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Notification & Circulars


Works Contract (Composition Scheme for Payment of ST)Rule

 

    Works Contract (Composition Scheme for Payment of Service Tax) Rules, 2007   Notification  No. 7/2008-Service Tax       In exercise of the powers conferred by sections 93 and 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes..

Posted in Service Tax

Substitutions in Notification No No. 6/2005

 

Substitutions in Notification No No. 6/2005   Notification No. 8/2008-Service Tax   In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, on being satisfied that it is necessary in the public interest so to ..

Posted in Service Tax

No Charge for Balance Enquiry through ATM

 

No Charge for Balance Enquiry through ATM     Reserve Bank of India has announced a good news for all the users of ATM.  Automated Teller Machines (ATMs) have gained prominence as a delivery channel for banking transactions in India. Banks have been deployi..

Posted in Others

Adopt electronic Medium for Bulk Payments to ensure Safety

 

Adopt electronic Medium for Bulk Payments to ensure Safety   Recognising the importance of ensuring the safety and security of the payment systems, Reserve Bank of India (RBI) has put in place three modes of electronic payments, namely:-      ..

Posted in Others

New approach towards monitoring of frauds in NBFCs

 

RBI-2007-2008/257 DNBS.PD.CC. No.112 /03.10.42/2007-08 With Referance to Circular No. 106 dated September 04, 2007 on the captioned subject which has now been revised as under: Para 2.2- Cases of 'negligence and cash shortages' and 'irregularities in foreign exchange transactions' referred t..

Posted in Others

Submission of Returns and Audited Balance Sheet by SCs/RCs

 

Submission of Returns and Audited Balance Sheet by SCs/RCs In partial modification of the circular CC No. 5/SCRc/10.30.000/2006-07 dated April 25, 2007, all the Securitisation Companies/Reconstruction Companies registered with the Bank are advised to furnish the position of..

Posted in Audit

Revised Norms of UCBs for Regulatory Purposes

 

Revised Norms of UCBs for Regulatory Purposes Cir.No.35 /09.20.001/07-08 Banks are being categorized for regulatory purposes as under: (a) Tier I Banks: Unit banks i.e. banks having a single branch / HO with deposits up to Rs. 100 crore and banks having multiple branches within a single dis..

Posted in Others

Tariff Items are Inserted in Custom’s Notification 69/2004

 

  Tariff Items are Inserted in Custom’s Notification 69/2004   Notification No. 32/2008-Customs     In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act,1962 (52 of 1962), the Central Government, on being satisfied that it is necessary..

Posted in Custom

Appointment of Joint Commissioner of Customs

 

Appointment of Joint Commissioner of Customs    Notification No. 17  / 2008-Customs (N.T.)         In exercise of the powers conferred by sub-section (1) of section 4 and   sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Centr..

Posted in Custom

Enhancement for Overseas Investments by Mutual Funds

 

Enhancement for Overseas Investments by Mutual Funds   SEBI/IMD/CIR No.2/122577/08      Please refer to clause 1 (a) of SEBI Circular SEBI/IMD/CIR No.7/104753/08 dated September 26, 2007 pertaining to overseas investments by mutual funds.    In consultation wit..

Posted in Others