Daily Archives: January 3, 2018

GST Rates on Job Work in India

By | January 3, 2018

GST on Job Work Analysis of GST Rates on Job Work in India Is there any GST on Job Work services ? Service classification for manufacturing services on physical inputs (goods) owned by others [ job work ] is 9988. Group 99881 : Food, beverage and tobacco manufacturing services Group 99882 : Textile, wearing apparel… Read More »

Category: GST

FRDI Bill of India : what will happen to Bank Deposit in case of failures of Banks : Key Features

By | January 3, 2018

Ministry of Finance Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 seeks to protect and enhance the depositors’ existing rights and bring in a comprehensive and efficient resolution regime for financial firms. Posted On: 02 JAN 2018 4:07PM by PIB Delhi Rationale for the Financial Resolution and Deposit Insurance Bill, 2017 There is no comprehensive and… Read More »

Electoral Bonds Scheme Notified by Govt of India for political funding

By | January 3, 2018

The Government of India notifies the Scheme of Electoral Bonds to cleanse the system of political funding in the country; Electoral Bond would be a bearer instrument in the nature of a Promissory Note and an interest free banking instrument; Bond(s) would be issued/purchased for any value, in multiples of Rs.1,000, Rs.10,000, Rs.1,00,000, Rs.10,00,000 and… Read More »