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Guidelines

Bank validation issues & System error in Refund of Excess Balance in Cash Ledger resolved

April 23, 2020 3675 Views 0 comment Print

GSTN has since resolved two more issues. The issues resolved and the approximate number of ARNs involved thereof are given below: (i) System error while issuing payment orders- 2533 (approx.) (ii) Bank validation issues- 2000 (approx.)

Issues related to ARNs pertaining to Refund of Excess Balance in Cash Ledger resolved

April 17, 2020 717 Views 0 comment Print

Two issues related to refund ARNs pertaining to Excess Balance in Electronic Cash Ledger have since been resolved and the same are brought out through this advisory for information and necessary action.

Advisory on Amendments in SVLDRS Module

April 3, 2020 1506 Views 0 comment Print

The Designated Committee Members can issue SVLDRS Form-3 to the taxpayers on or before 31.05.2020. After 31.05.2020. Designate Committee Members will not able to issue SVLDRS Form-3, in any However, the Designated Committee Members will be able to issue Rectified SVLDRS Form-3 after 31.05.2020.

EPFO: Preventive measures to contain spread of Novel Coronavirus

March 18, 2020 876 Views 0 comment Print

In order to contain the spread of Novel Coronavirus (COVID-19), some precautionary measures are required to be taken by all the employees and the Ministries/Departments. In this regard, it has been decided to issue the following advisory for the well-being of Government employees and in public interest.

Modified Guidelines on Product filing in Health Insurance Business

March 17, 2020 1029 Views 0 comment Print

Where as part of product design insurers propose proportionate deductions of the associated medical expenses when a policyholder chooses a higher room category than the category that is eligible as per terms and conditions of the policy, insurers shall define ‘associate medical expenses’ in the terms and conditions of policy contract.

An Investment Manager can manage multiple InvITs: SEBI

March 12, 2020 852 Views 0 comment Print

There is no provision in the SEBI (Infrastructure Investment Trusts) Regulations, 2014 (InvIT Regulations) which prevents an Investment Manager to manage more than one InvIT.

Unblocking of e-Way Bill facility in ACES-GST Application: FAQs

March 12, 2020 2469 Views 0 comment Print

Field formations have reported that they are facing several issues while issuing EWB-06. A detailed FAQ has been prepared and enclosed herewith for easy reference of the field formations.

Guidelines on handling of claims reported under Corona Virus

March 4, 2020 1071 Views 0 comment Print

All claims reported under corona virus shall be handled as per the following norms. i) Where hospitalization is covered in a product, insurers shall ensure that the cases related to Corona virus disease (COVID-19) shall be expeditiously handled.

Guidelines on filing of Re-insurance arrangements with IRDAI

January 31, 2020 822 Views 0 comment Print

In case the insurer intends to adopt ART, non-traditional structured solutions, Financial Re-insurance, then it shall take prior approval of the Authority, as per provisions of Reg. 8 of the IRDAI (Re-insurance) Regulations, 2018;

Guidelines on Group Health Insurance Policies upon Merger of PSBs

January 28, 2020 660 Views 0 comment Print

Upon merger of these PSBs, the underlying group health Insurance policies of the customers of the merged banks shall continue to be serviced by the respective insurance companies which issued the policies till the end of policy period. The insurance companies shall make suitable arrangements with the acquiring banks to this effect.

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