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Online Correction In Name, DOB & Gender of EPF Subscribers

November 22, 2017 48801 Views 33 comments Print

Currently, if employee wants to correct his/her basic details against UAN, employee and employer are required to submit a joint request to the concerned EPFO field office for correction of above mentioned basic details of employee.

Removal of prohibition on export of all varieties of Pulses

November 22, 2017 1779 Views 0 comment Print

All varieties of pulses, including organic pulses, have been made ‘free’ for export without any quantitative ceilings, till further orders. However, for export through non-EDI Land Custom Stations (LCS), the exporter will have to do prior-registration of quantity with DGFT.

Exemption Combinations all cases of Central Public Sector Enterprises operating in Oil and Gas Sectors

November 22, 2017 666 Views 0 comment Print

Central Government in the public interest hereby exempts all cases of combinations under section 5 of the Act involving the Central Public Sector Enterprises (CPSEs) operating in the Oil and Gas Sectors under the Petroleum Act, 1934 (30 of 1934) and the rules made there under or under the Oilfields (Regulation and Development) Act, 1948 (53 of 1948)

Introduction of Direct UAN allotment to any citizen at Unified Portal

November 21, 2017 4023 Views 0 comment Print

As you are aware that UAN is mandatory for filing the member contribution. Currently UAN can be generated by Employer only and the same to be generated before ECR filing of that member. Establishments with large number of new joiners every month, are facing problem in generation of UAN due to mismatch of input data with Aadhaar.

Govt mandates Aadhaar for Varishtha Pension Bima Yojana (VPBY)

November 20, 2017 900 Views 0 comment Print

Government of India is administering the Varishtha Pension Bima Yojana (VPBY) (hereinafter referred to as the Scheme) as a pension scheme for the senior citizens, implemented through Life Insurance Corporation of India (LIC) (hereinafter referred to as the Implementing Agency). The Scheme was announced in two versions in the Union Budgets 2003-04 and 2014-15;

Govt increases import tariff rate of soya beans from 30% to 45%

November 17, 2017 525 Views 0 comment Print

WHEREAS the Central Government on being satisfied that the import duty leviable on goods falling under heading 1201 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), should be increased and that circumstances exist which render it necessary to take immediate action.

Govt increases Custom Duty on crude palm/sunflower/Soya bean/ canola/mustard/colza oil

November 17, 2017 759 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do

OTC Government Securities Transaction by FPIs – Settlement Period

November 16, 2017 651 Views 0 comment Print

As announced in paragraph 13 of the Statement on Developmental and Regulatory Policies, of the fourth Bi-monthly Monetary Policy Statement for 2017- 18 dated October 04, 2017, it has now been decided to permit FPIs to settle OTC secondary market transactions in Government Securities either on T+1 or on T+2 basis. It may be ensured that all trades are reported on the trade date itself.

Agency Commission for GST receipt transactions

November 16, 2017 927 Views 0 comment Print

Please refer to Para 15 of our Master Circular on Conduct of Government Business by Agency Banks – Payment of Agency Commission dated July 01, 2017 related to claiming of agency commission.

Notification under MVAT Schedule entry B-11A (ATF for RCS flights)

November 16, 2017 1035 Views 0 comment Print

No. VAT. 1517/C.R.156/Taxation-1.—In exercise of the powers conferred by entry 11A of Schedule B of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra, hereby with effect from the date 1st April 2017, specifies the following conditions for the purpose of the said entry

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