RBI has Revised the Threshold for Reporting of Frauds from Rs. 25 lakhs to Rs.1 Crore

RBI has Revised the Threshold for Reporting of Frauds from Rs. 25 lakhs to Rs.1 Crore

February 18, 2016 RBI/2015-16/327 DNBR (PD) CC.No.075/03.10.001/2015-16 All Deposit taking NBFCs (including RNBCs) and NBFCs- ND-SI Madam/ Sir, Frauds – Future approach towards monitoring of frauds in NBFCs Please refer to circulars DNBS.PD.CC.No.127 / 03.10.42 / 2008-09 dated August 14, 2008, DNBS. PD. CC. No. 256 … Continue Reading →
No Swachh Bharat Cess on Services which are exempted vide order u/s 93(2) of Finance Act 1994

No Swachh Bharat Cess on Services which are exempted vide order u/s 93(2) of Finance Act 1994

February 17, 2016 CBEC vide Notification No. 05/2016-Service Tax dated February 17, 2016 make amendment in notification No. 22/2015-Service Tax dated the 6th November, 2015 to grant exemption from Swachh Bharat Cess on services which are exemption through special order under section 93(2) of Finance Act 1994. GOVERNMENT … Continue Reading →
CBEC Instruction on Effect of ‘in limine’ dismissal of  Special Leave Petition (SLP)

CBEC Instruction on Effect of ‘in limine’ dismissal of Special Leave Petition (SLP)

February 09, 2016 F.No.276/114/2015-CX.8A Ministry of Finance Department of Revenue Central Board of Excise & Customs (Legal Cell) INSTRUCTION Sub:- Effect of ‘in limine’ dismissal of  Special Leave Petition (SLP) by the Supreme Court and Filing of Review Petition in Supreme Court- regarding; Board has … Continue Reading →