HC held that limitation period for GST refund application should be considered from date of online filing, not the date of manual filing
Petitioner challenged cancellation of GST registration. HC found that GST Registration cancellation order provided no reasons & violated principles of natural justice.
Telangana High Court references CBIC’s Notification No. 03/2023, enabling Integrated Techno Systems to apply for revocation of GST registration. Details revealed in the judgment.
Universal Packaging Vs Commissioner of Central Excise (CESTAT Mumbai) The legality of availing Small Scale Industries (SSI) exemption without including the value of supplies to Merchant Exporters has been challenged in four appeals. The appellant, a manufacturer of Corrugated Carton Boxes, had availed the SSI exemption under Notification No. 8/2003. However, periodic show-cause notices were […]
Bad debts Adjustment against previously created provisions constitutes actual writing off of bad debts in books of accounts & Allowable
Institute of Chartered Accountants of India (ICAI) has removed the names of 573 individuals from its Register of Members due to non-payment of prescribed fees. This notification, issued on June 3, 2023, provides details of the removal.
The rapid growth of Artificial Intelligence (AI) is reshaping Indian labor laws, impacting job structures and worker rights. This article explores AIs influence on businesses, potential wage reductions, and the resulting challenges. To address these issues, solutions like comprehensive education, a robust regulatory framework, and social security measures are crucial. Ensuring fair treatment, upskilling opportunities, and basic income support during transitions can help balance the transformative power of AI, fostering a future where technology benefits everyone while safeguarding workers’ rights under Indian labor laws.
The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, is a crucial legislation in India that provides social security benefits to workers. Applicable to establishments with 20 or more employees, the act mandates a 12% monthly contribution from both employers and employees to the provident fund. Managed by the Employees Provident Fund Organization (EPFO), the funds provide financial security during retirement or unemployment due to certain circumstances. The act covers various establishments, ensuring financial stability for employees.
As India’s workforce expands, understanding pension schemes becomes crucial. Explore the various public and private sector pension schemes, like EPF and NPS, offering financial security in retirement. Public sector schemes, like EPF, require monthly contributions, providing withdrawal flexibility. The National Pension System (NPS) caters to citizens above 18, offering tax benefits and lump-sum withdrawals post-maturity.
The Employees’ Provident Fund Scheme (EPF) in India is a retirement savings initiative introduced by the government in 1952. Learn about its key features, benefits, eligibility criteria, and how it aids effective retirement planning. EPF provides financial security by enabling monthly contributions from both employers and employees. Benefits include tax-free returns, regular savings habits, and access to funds when needed.
