15.09.18 Economic News
👉Finance Minister Arun Jaitley Announces 5 Measures or 5-Point Plan to Control India’s Current Account Deficit, after Late Night meeting with Prime Minister Narendra Modi along with finance secretary Hasmukh Adhia, RBI Governor, RBI Deputy Governor and officials of Prime Minister’s Office
👉GSTN Alert: A new facility has been updated in the Goods and Services Tax Network (GSTN) to search taxpayer PAN wise. Search taxpayer functionality has been amended now, to search the taxpayer details using PAN of the taxpayer, in pre-login and post-login mode.
👉CBIC clarifies that Goods will not be detained for Minor Mistakes/Errors in the E-Way Bill under the GST laws. CBIC has specified 6 such situations where only the penalty to the tune of Rs. 500/- each under section 125 of the CGST Act and the respective State GST Act would be imposed for each such consignment.
👉CBIC Clarifies Issues in processing of Refund claims filed by UIN Entities. “UIN entities have been advised to submit a statement of invoices and hard copies of only those invoices wherein the UIN is not mentioned vide Circular No. 43/17/2018-GST dated 13th April, 2018.
👉RBI announces that it will Purchase Government Securities (G-Secs) worth Rs 10,000 Crore on 19 September, a move aimed at inducing liquidity in the system. The purchase of the Government Securities will be done through Open Market Operations (OMO).
👉SEBI slaps a penalty of Rs 1 Crore on Sumangal Industries and 9 individuals, including promoters and directors of the firm, for not complying with its directions to refund the money collected illegally from investors.
👉HDFC Bank Sends 250 Summons via WhatsApp, E-Mail to Customers who evade compliance and hopes to settle cases faster by adopting the newer methods of communication.
