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Service Tax not Payable for Services for Periods which they were not Taxable: CESTAT rules in favour of Godrej Consumer Product [Read Order]
In the case of Godrej Consumer Product, the Chennai bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that service tax is...
Finance Ministry notifies authorization of all Public Sector Banks and certain Private Banks to Operate Mahila Samman Savings Certificate, 2023 [Read Notification]
The Department of Economic Affairs under the Ministry of Finance vide notification no. S.O. 2791(E) has notified the authorisation of all public sector banks and certain private banks to operate...
RBI imposes Rs. 30 Lac penalty on Axis Bank for Non-Compliance with directions on 'Prudential Norms on Income Recognition'
The Reserve Bank of India (RBI) has imposed Rs. 39 lakhs penalty on Axis Bank, one of the top banks in India. According to the RBI, the axis bank didn’t comply with the certain provisions of the...
Manappuram Finance Fails to ensure Maintenance of LTV Ratio in certain Gold Loan Accounts: RBI imposes Rs 20 Lacs Penalty
The Reserve Bank of India (RBI) imposed a Rupees 20 Lakhs penalty on Manappuram Finance Limited by an order dated June 12, 2023 for non-compliance with certain provisions of the “NonBanking Financial...
RBI invites comments on draft Master Directions on Cyber Resilience and Digital Payment Security Controls for Payment System Operators
The Reserve Bank of India invited the comments on the draft of Master Directions on Cyber Resilience and Digital Payment Security Controls for Payment System Operators on June 2nd 2023. These...
RBI Releases Draft on Master Directions on Cyber Resilience and Digital Payment Security Controls for Payment System Operators
The Reserve Bank of India (RBI) released the draft on RBI releases Draft on Master Directions on Cyber Resilience and Digital Payment Security Controls for Payment System Operators on June 2nd 2023. ...
