Ministry of Finance Clarification with respect to the E-way Bill System Posted On: 31 MAR 2018 6:30PM by PIB Delhi The e-way Bill System for Inter-State movement of goods across the country is being introduced from 01st April 2018. Few clarifications regarding the new e-way bill system are as follows: Situation: -Consider a situation where… Read More »
Section 220 of Finance Act 2018 [Section 220 of Finance Act 2018 deals with Amendment of Act 28 of 2016 and is covered in CHAPTER VIII MISCELLANEOUS] PART XIX AMENDMENT TO THE FINANCE ACT, 2016 Amendment of Act 28 of 2016 220. In the Finance Act, 2016, in section 236, in the opening paragraph, for the words, figures… Read More »
Section 219 of Finance Act 2018 [Section 219 of Finance Act 2018 deals with Amendment of Act 22 of 2015 and is covered in CHAPTER VIII MISCELLANEOUS] PART XVIII AMENDMENTS TO THE BLACK MONEY (UNDISCLOSED FOREIGN INCOME AND ASSETS) AND IMPOSITION OF TAX ACT, 2015 Amendment of Act 22 of 2015 219. In the Black Money (Undisclosed Foreign… Read More »
Section 218 of Finance Act 2018 [Section 218 of Finance Act 2018 deals with Amendment of Act 17 of 2013 and is covered in CHAPTER VIII MISCELLANEOUS] PART XVII AMENDMENTS TO THE FINANCE ACT, 2013 Amendment of Act 17 of 2013 218. In the Finance Act, 2013,— (a) in section 116, in clause (7), after the words “sale… Read More »
Section 217 of Finance Act 2018 [Section 217 of Finance Act 2018 deals with Amendment of Act 23 of 2004 and is covered in CHAPTER VIII MISCELLANEOUS] PART XVI AMENDMENT TO THE FINANCE (NO.2) ACT, 2004 Amendment of Act 23 of 2004 217. In section 97 of the Finance (No.2) Act, 2004, for clause (5), with effect from… Read More »
Section 216 of Finance Act 2018 [Section 216 of Finance Act 2018 deals with Amendment of section 8 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 8 216 . In section 8 of the principal Act, in sub-section (2),— (i) clause (ca) shall be omitted; (ii) after clause (d), the following clause shall be inserted, namely:—… Read More »
Section 215 of Finance Act 2018 [Section 215 of Finance Act 2018 deals with Amendment of section 7 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 7 215 . In section 7 of the principal Act,— (a) in sub-section (1), for the words “every quarter”, the words “on half-yearly basis” shall be substituted; (b) after sub-section… Read More »
Section 214 of Finance Act 2018 [Section 214 of Finance Act 2018 deals with Amendment of section 5 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 5 214 . In section 5 of the principal Act,— (a) for sub-section (3), the following sub-section shall be substituted, namely:— “(3) Notwithstanding anything contained in sub-section (1), the Reserve… Read More »
Section 213 of Finance Act 2018 [Section 213 of Finance Act 2018 deals with Amendment of section 4 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 4 213 . For section 4 of the principal Act, the following section shall be substituted, namely:— “4. Fiscal management principles—(1) The Central Government shall,— (a) take appropriate measures to limit… Read More »
Section 212 of Finance Act 2018 [Section 212 of Finance Act 2018 deals with Amendment of section 3 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 3 212 . In section 3 of the principal Act,— (a) in sub-section (3), item (i) shall be omitted; (b) in sub-section (6), in clause (b), the words “revenue balance… Read More »