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Old 03-22-2017, 02:08 PM
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Shilparana Shilparana is offline
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Join Date: Sep 2014
Posts: 975
Default Latest India Tax News 22 March 2017

1. Finance Ministry seeks to limit cash transactions at Rs 2 lakh in Finance Bill amendment. Effective from 01.04.2017.
2. 30 individuals on I-T Deptt radar for Tax evasion to the tune of Rs.500 Cr. established during demonetization and planning to initiate criminal prosecution against them.
3. GST Council to approve Composition, Valuation, Input Tax Credit & Transition Rules on Council Meeting on 31-3-17. Other Rules already approved.
4. Companies (Indian Accounting Standards) Amendment Rules 2017 effective from 1.4.2017.
5. Central Board of Excise and Customs (CBEC) has started Migration to GST on or before 31st March 2017. Log on to to obtain Provisional ID and password. Use it to enroll at Call Help Desk No 1800 1200 232 or mail to
6. State Bank of India is going to shut down 47% of associate banks' offices (SBBJ, DBOH, SBOP, SBOT & SBOM) post-merger .Out of five head offices of the associate banks, will retain only two. All banks branches to operate under SBI w.e.f. 1.4.2017.


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