Daily Archives: April 17, 2017

Revised Prompt Corrective Action (PCA) framework for banks

By | April 17, 2017

RBI/2016-17/276 DBS.CO.PPD. BC.No.8/11.01.005/2016-17 April 13, 2017 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Madam/ Dear Sir Revised Prompt Corrective Action (PCA) framework for banks Please refer to RBI circulars No. DBS.CO.PP.BC.9/11.01.005/2002-03 dated December 21, 2002 and DBS.CO.PP.BC.13/11.01.005/2003-04 dated June 15, 2004 on the scheme of Prompt Corrective Action. 2. The existing PCA framework for… Read More »

Forms in GST assessment and audit

By | April 17, 2017

Forms in GST assessment and audit The draft GST rule of Assessement and Audit under GST has notified by CBEC recently, the details of various forms in assessment and audits are hereunder: Sl.No Particulars Name of the Form Who has to execute 1 Provisional Assessment U/s 60(1) FORM GST ASMT-01 Registered dealer (RD) electronically. 2  Notice of… Read More »

GST Migration Guide

By | April 17, 2017

GST Migration Guide Goods and Service Tax (GST) as contemplated as One Nation- One Tax will integrate all these separate statutes into uniform statutes. It will create a single unified market across the country for supply of goods or services. Persons liable for GST registration: As per Section 22 of CGST Act, 2017, a person… Read More »

Category: GST