Finance Minister approves the formation of 2 Committees for facilitating implementation of GST from 1.4.2016

GST, Income Tax, Service Tax

Finance Minister has approved the formation of 2 Committees for facilitating implementation of Goods and Services Tax from 1.4.2016. A Steering Committee been formed under the Co-Chairmanship of Additional Secretary, Department of Revenue and Member Secretary, Empowered Committee of State Finance Ministers. This Committee has Members from Department of Revenue, Central Board of Excise & Customs,…

Exposure Draft on IRDAI (TPA-Health Services) REGULATIONS, 2015 – Comments Invited

Insurance, IRDA Regulation/ Notification/ Circular/ Press Releases

Over fourteen years have elapsed since the introduction of TPAs into the Indian Insurance Industry and since the notification of the IRDA (TPA – Health Services) Regulations, 2001 in 2001. While certain amendments were carried out during 2013 and 2014, it was felt necessary to revisit certain provisions governing the TPA space. In addition to…

Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, Others – Palm Oil, Crude Palmolein, RBD Palmolein, Others – Palmolein, Crude Soyabean Oil, Brass Scrap (All Grades), Poppy Seeds, Areca Nuts, Gold and Silver Notified 

Customs

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs(CBEC), being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of…

Auction for Sale (Re-Issue) of ‘Government Stocks

Misc. Items

The Government of India have announced the Sale (issue/re-issue) of (i) “7.68 per cent Government Stock 2023” for a notified amount of  Rs. 3,000 crore (nominal) through price based auction, (ii) “7.72 per cent Government Stock 2025” for a notified amount of  Rs. 6,000 crore (nominal) through price based auction, (ii) “8.24 per cent Government Stock  2033”…