Statutory updates

Master Directions on Fraud Risk Management for Banks

Commercial banks and all India financial institutions must follow master directions for fraud risk management to ensure prevention, early detection, and timely reporting of fraud.

Master Directions on Fraud Risk Management in Non-Banking Financial Companies (NBFCs) (including Housing Finance Companies)

Master Directions on Fraud Risk Management in Urban Cooperative Banks (UCBs) / State Cooperative Banks (StCBs) / Central Cooperative Banks (CCBs)

Uttaranchal Board of Technical Education Income Exemption

The Central Government notifies specified income of the Uttaranchal Board of Technical Education, Roorkee for income tax exemption under clause (46) of section 10 of the…

Specified Companies Payments to Micro and Small Enterprise Suppliers Amendment Order, 2024

Specified companies provide information in MSME Form-1 only when payments remain pending to micro or small enterprises for more than 45 days.

01/2024-Compensation Cess (Rate) : Seeks to provide exemption from Compensation Cess on supplies under heading 2202 by URCs to authorised customers.

02/2024-Central Tax (Rate) : Seeks to amend notification No. 1/2017- Central Tax (Rate)

02/2024-Integrated Tax (Rate) : Seeks to amend notification No. 1/2017- Integrated Tax (Rate)

02/2024-Union Territory Tax (Rate) : Seeks to amend notification No. 1/2017- Union Territory Tax (Rate)

03/2024-Central Tax (Rate) : Seeks to amend notification No. 2/2017- Central Tax (Rate)

03/2024-Integrated Tax (Rate) : Seeks to amend notification No. 2/2017- Integrated Tax (Rate)

03/2024-Union Territory Tax (Rate) : Seeks to amend notification No. 2/2017- Union Territory Tax (Rate)

04/2024-Central Tax (Rate) : Seeks to amend Notification No 12/2017- Central Tax (Rate) dated 28.06.2017.

04/2024-Integrated Tax (Rate) : Seeks to amend Notification No 09/2017- Integrated Tax (Rate) dated 28.06.2017.

04/2024-Union territory Tax (Rate) : Seeks to amend Notification No 12/2017- Union territory Tax (Rate) dated 28.06.2017.

Customs Compensation Cess Exemption for SEZ Imports

The Central Government exempts all goods imported by a unit or a developer in the Special Economic Zone for authorised operations from the whole of goods and service tax…

28/2024-Customs : Seeks to amend notification No. 50/2017-Customs to give effect to the recommendation of the 53rd GST Council meeting.

Balbir Singh Nagpal And Toyota Kirloskar Motors Private Limited & Other