- Friday, October 22, 2010, 9:19
- Corporate Law
- 2 views
A service tax demand on the Employees’ State Insurance Corporation may bring the labour ministry and the finance ministry on collision course, less than a year after they locked horns over a similar demand on provident fund payments. The revenue depa
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- Friday, December 18, 2009, 1:29
- Corporate Law
- 18 views
Bringing relief to the working class of the country facing an unprecedented price rise, the government has decided to hike the minimum wages to Rs 100 from existing Rs 80 per day. "The decision to hike minimum wages to Rs 100 per day would be implemented with retrospective effect from November 1, 2009," a Labour Ministry source told.
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- Friday, December 4, 2009, 4:13
- Government Policy
- 245 views
Employers may soon be required to make mandatory provident fund contributions to workers with a salary of up to Rs 15,000 a month instead of Rs 6,500 at present. Union labour minister Mallikarjun Kharge is likely to ratify a proposal to this effect on Saturday, when he presides over a meeting of the Employees' Provident Organisation's Central Board of Trustees.
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- Monday, November 23, 2009, 2:52
- Service Tax
- 2 views
The finance and labour ministries have locked horns over the issue of bringing retirement fund manager EPFO under the service tax net. The Central Board of Excise and Customs has slapped a notice for recovery of service tax on Employees’ Provident Fund Organisation (EPFO) but the Labour Ministry has opposed it saying the organisation was not doing any commercial activity.
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- Saturday, November 21, 2009, 2:37
- Service Tax
- 9 views
It's not clear if dipping tax collections have anything to do with it, but the country's largest retirement fund just got a shocker from the revenue authorities. The Central Board of Excise & Customs has slapped a penalty notice on the Employees' Provident Fund Organisation (EPFO) for evading service tax, arguing that it provides employers fund management services. Fund management falls under the definition of banking & financial services, which are taxable.
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- Saturday, August 8, 2009, 2:24
- CA CS ICWA, Government Policy
- 24 views
While the Manmohan Singh government’s Left-free second innings is expected to usher in changes to India’s archaic labour laws, the labour ministry is working on a quick-fix solution to help drop the country’s notorious ‘inspector raj’ tag. If all goes to plan, India Inc would no longer have to deal with labour inspectors turning up at [...]
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