Prevention of Money-laundering (Maintenance of Records) Rules, 2005
Ministry of Finance has notified further amendments to the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, which may be called the Prevention of Money-laundering (Maintenance of Records) Third Amendment Rules, 2017 which shall come into force on the date of their publication in the Official Gazette. New proviso in rule 2(1)(fb)(iii), has been inserted, namely:-“Provided that this limit on balance shall not be considered while making deposits through government grants, welfare benefits and payment against procurement”.
GST
The Central Government on the recommendations of the Council has notified amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No.10/2017- Integrated Tax (Rate), dated the 28th June, 2017. It has been notified that the “Limited Liability Partnership (LLP)” formed and registered under the provisions of the Limited Liability Partnership Act, 2008 shall also be considered as a partnership firm or a firm”.
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