Monthly Archives: December 2016

Kept cases in Call Book where SCN is issued prior to or post 06.07.2011 : CBEC

By | December 29, 2016
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F.No.276/104/2016-CX.8A (Pt.) Ministry of Finance Department of Revenue Central Board of Excise & Customs (Legal Cell)  ******** `C’ Wing, 5th Floor, HUDCO-VISHALA Building Bhikaji Cama Place, R.K. Puram, New Delhi-66: dated the 28.12.2016. Instruction  To, All Principal Chief Commissioners/Chief Commissioners of Customs, Central Excise and Service Tax; The Director General of Revenue Intelligence/ Central Excise… Read More »

Full time Employment – No certificate of practice to advocate can be granted : HC

By | December 29, 2016
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Held In view of the conditions of the service contract of the 1st respondent with the Gujarat Industrial Development Corporation, we are convinced that the service of the 1st respondent is full-time employment and she is not entitled for grant of an temporary certificate HIGH COURT OF GUJARAT Bar Council of Gujarat v. Jalpa Pradeepbhai… Read More »

Rights of Persons with Disabilities Act 2016 Notified

By | December 29, 2016
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THE RIGHTS OF PERSONS WITH DISABILITIES ACT 2016 The Rights of Persons with Disabilities Act 2016 act will come into force from date to be notified by Central Government. MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 28th December, 2016/Pausha 17, 1938 (Saka) The following Act of Parliament received the assent of the… Read More »

Govt Amended Black Money (Undisclosed Foreign Income and Assets) Rules 2016

By | December 29, 2016
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MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 28th December, 2016 G.S.R. 1180(E).—In exercise of the powers conferred by section 85 read with section 32, section 74 and section 77 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (22 of 2015), the Central Board of Direct… Read More »

Dr. Viral V. Acharya Appointed Deputy Governor of RBI

By | December 29, 2016
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Dr. Viral V. Acharya Appointed Deputy Governor, Reserve Bank of India Date : Dec 28, 2016 The Central Government has, through notification F No. 7/1/2012-BO-I (Pt.) dated December 28, 2016, appointed Dr. Viral V. Acharya, currently C.V. Starr Professor of Economics, Department of Finance, New York University – Stern School of Business, (resume enclosed) as… Read More »

RBI given additional time for Classification of standard asset as substandard

By | December 29, 2016
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RBI/2016-17/198 DBR.No.BP.BC.49/21.04.048/2016-17 December 28, 2016 All Regulated Entities Madam / Dear Sir, Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances Please refer to circular DBR.No.BP.BC.37/21.04.048/2016-17 dated November 21, 2016. 2. On a review, it has been decided to: (i) Provide 30 days, in addition to the 60 days provided vide the… Read More »

Govt proposed jail to people holding old notes

By | December 28, 2016
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 Holding demonetized notes of Rs 5,00 and 1,000 ? Govt of India to bring Ordinance The Union Cabinet has approved an ordinance to impose penalty and a jail term for people holding demonetized notes of Rs 5,00 and 1,000. Only specified category of people will be allowed to keep demonetized notes. However, anyone can possess… Read More »

Helpline No. 14444 for addressing all queries on digital payments

By | December 28, 2016
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Dial ‘ 14444 ‘ for all queries on digital payments Nasscom, telecom operators, and NITI Aayog have come together in creating a dedicated helpline – 14444 – for addressing all queries on digitial payments, as government takes strides to push for more digital transactions post demonetisation. After the fourth meeting of the Committee of Chief… Read More »

GST Book by BIMAL JAIN – GUIDE to Revised Model GST Law

By | December 28, 2016
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GUIDE to Revised Model GST Law   This GST Book by BIMAL JAIN – GUIDE to Revised Model GST Law  includes Discussion/analysis on Revised Model GST Law along with its comparison with First Model GST Law Link to Buy GUIDE to Revised Model GST Law, Paperback: 670 pages Language: English KEY FEATURES OF THE BOOK :- GUIDE to… Read More »