The weekly messenger | Edition 41.17
October 2017
This newsletter is a weekly compilation of accounting, auditing and related regulatory news from different accounting and regulatory bodies in India and overseas.
This newsletter is a weekly compilation of accounting, auditing and related regulatory news from different accounting and regulatory bodies in India and overseas.
Regulatory News
Notification for Commencement of Section 247 of CA 2013 – 20 October 2017
The CG has appointed 18 October 2017 as the date on which Section 247 “Valuation by registered valuers” of Companies Act (CA) 2013, shall come into force.
For more information, click here.
Companies (Registered Valuers and Valuation) Rules, 2017 – 18 October 2017
The Central Government (CG) has issued the Companies (Registered Valuers and Valuation) Rules, 2017. These rules inter-alia includes:
- Eligibility, Qualification and Registration of Valuers;
- Recognition of Registered Valuers Organisation;
- Cancellation or Suspension of Certificate of Registration or Recognition;
- Valuation Standards; and
- Miscellaneous.
For more information, click here
Further GST Updates
The Central Board of Excise and Customs has issued certain updates w.r.t. Goods and Services Tax (GST) whose links are as follows:
- For Central GST (CGST)(Tenth Amendment) Rules, 2017, click here;
- For notification on certain supplies deemed as export u/s 147 of the CGST Act, click here;
- For notification on evidences required to be produced by the supplier of deemed export supplies for claiming refund under rule 89(2)(g) of the CGST rules, 2017, click here;
- For information on reduction of GST rate on Food preparations put up in unit containers and intended for free distribution to economically weaker sections of the society under a programme duly approved by the CG or any State Government – CGST, click here;
- For information on reduction of GST rate on Food preparations put up in unit containers and intended for free distribution to economically weaker sections of the society under a programme duly approved by the CG or any State Government – Integrated GST, click here;
- For information on reduction of GST rate on Food preparations put up in unit containers and intended for free distribution to economically weaker sections of the society under a programme duly approved by the CG or any State Government – Union Territory GST, click here;
- For information on appointment of Authorized officer of GST Practitioner, click here;
- For clarification on movement of goods on approval basis, click here.