Maharashtra became the first state to bring amendments in the draft GST bill to provide adequate compensation and protection to local bodies following enforcement of Goods and Services Tax from July 1,2017. The decision also means the state government will have to make financial provisions of more than Rs 15,000 crore for the local bodies.… Read More »
THE GOA GOODS AND SERVICES TAX BILL, 2017 (Bill No. 4 of 2017) (As introduced and passed in the Legislative Assembly of Goa on 09/05/2017) A Bill to make a provision for levy and collection of tax on intra-State supply of goods or services or both by the State of Goa and the matters connected… Read More »
Goa Assembly today passed the state Goods and Services Tax (GST) Bill with Chief Minister Manohar Parrikar expressing hope that the state would not face any major losses under the new tax regime. The Parliament had on April 6 passed four legislations to pave the way for nationwide roll-out of GST from July 1. “Goa… Read More »
Vijaya Bank invites Online application for empanellement of concurrent auditors. Vijaya Bank invites Online application for empanellement of concurrent auditors for the year 2017-18. The Chartered Accountant firms/Concurrent Auditors should be on RBI panel. The firm should have necessary office set up and adequate personnel to ensure proper deployment and timely completion of the assignment.… Read More »
Section – 45-I Reserve Bank of India Act 1934 Definitions. 45-I. In this Chapter, unless the context otherwise requires,— 2 [(a) “business of a non-banking financial institution” means carrying on of the business of a financial institution referred to in clause (c) and includes business of a non-banking financial company referred to in clause (f);]… Read More »
Section 45A Reserve Bank of India Act 1934 1 [CHAPTER IIIA COLLECTION AND FURNISHING OF CREDIT INFORMATION Definitions. 45A. In this Chapter, unless the context otherwise requires,— (a) “banking company” means a banking company as defined in section 5 of the Banking 2 [Regulation] Act, 1949 (10 of 1949), and includes the State Bank of… Read More »
Section 12 Customs Act 1962 CHAPTER V LEVY OF, AND EXEMPTION FROM, CUSTOMS DUTIES Dutiable goods. 12. (1) Except as otherwise provided in this Act, or any other law for the time being in force, duties of customs shall be levied at such rates as may be specified under the Customs Tariff Act, 1975 (51… Read More »
Section 2 Customs Act 1962 Definitions. 2. In this Act, unless the context otherwise requires,— (1) “adjudicating authority” means any authority competent to pass any order or decision under this Act, but does not include the Board, 1 [Commissioner (Appeals)] or Appellate Tribunal; (1A) “aircraft” has the same meaning as in the Aircraft Act, 1934… Read More »
Section 2 Special Economic Zone Act 2005 Definitions In this Act, unless the context otherwise requires,— (a) “Appointed day” with reference to a Special Economic Zone means the date on which the Special Economic Zone is notified by the Central Government under sub-section (1) of section 4; (b) “Approval Committee” means an Approval Committee constituted… Read More »
Powers, authority and responsibilities of Municipalities, etc. 243W. Subject to the provisions of this Constitution, the Legislature of a State may, by law, endow— (a) the Municipalities with such powers and authority as may be necessary to enable them to function as institutions of self-government and such law may contain provisions for the devolution of… Read More »