CBIC issues clarification on doubt related to the scope of intermediary.

The term Intermediary has been defined under section 2(13) of the Integrated Goods and Services Tax Act, 2017 which means a broker, an agent or any other person, by whatever name called, who arranges or facilitates the supply of goods or services or both, or securities, between two or more persons, but does not include a person who supplies such goods or services or both or securities on his own account.

Master Circular for Investments by Primary (Urban) Co-operative Banks

The Master Circular provides that the total investments of a co-operative bank in the shares of co- operative institutions shall not exceed 2 per cent of its owned funds (paid-up share capital and reserves). The investment of a bank in the shares of any one co-operative institution shall not exceed 5 per cent of the subscribed capital of that institution.

Master Plan for Delhi-2021

These revised parking norms shall become applicable on all sites/properties where construction has not yet begun, even if the plans have been approved by the concerned local body. In all such cases where the plans have already been approved, the properties may be developed with these revised norms and the concerned local body may be informed of the same in writing and no separate permission for the same is needed to be taken.