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Curbing the menace of ragging in Higher Educational Institutions

Normal 0 false false false EN-IN X-NONE X-NONE The University Grants Commission (UGC) on June 27, 2019, has notified some recommendations and action steps which are required to be deployed in all institutions for curbing the menace of ragging in Higher Education Institutions. The UGC had notified a Regulation on Curbing the Menace of RaggingContinue reading “Curbing the menace of ragging in Higher Educational Institutions”

CBIC notifies the enforcement of Section 128 of the Finance Act, 2020

The Central Board of Indirect Taxes and Customs (CBIC) on May 16, 2020, appoints May 18, 2020, as the date on which the provisions of section 128 of the Finance Act, 2020 will come into force, in order to bring amendment in Section 140 of Central Goods and Services Tax Act, which specifies transitional arrangements for input tax credit,Continue reading “CBIC notifies the enforcement of Section 128 of the Finance Act, 2020”

EPFO extends the due date of filing of Electronic Challan Cum Return for the wage month of March 2020

The Employees’ Provident Fund Organisation (EPFO) on April 15, 2020, has extended the due date of payment of contributions, administrative charges and inspection charges. Due to the sudden outbreak of COVID-19 pandemic, the authority has decided to allow grace period of 30 days that is from April 14, 2020 to May 15, 2020, for filingContinue reading “EPFO extends the due date of filing of Electronic Challan Cum Return for the wage month of March 2020”

UGC requests HEIs to organize series of discussions on draft National Education Policy

The University Grants Commission (UGC) on July 04, 2019, has issued a letter requesting all the institutions to organize series of discussions on draft National Education Policy (NEP), 2019, followed by widespread dissemination of outcomes in different media platforms. The draft Policy is developed by a committee chaired by K.Kasturirangan to meet the changing dynamicsContinue reading “UGC requests HEIs to organize series of discussions on draft National Education Policy”

CBIC rescinds Circulars regarding deposit in and removal of goods from Customs Bonded warehouses in electronic sealing

The Central Board of Indirect Taxes and Customs (CBIC) on May 18, 2020, rescinds Circular No. 19/2018-Customs dates June 18, 2018 and Circular 10/2020-Customs dates February 07, 2020 regarding Radio Frequency Identification (RFID) sealing of goods to be deposited in or removed from Customs Bonded Warehouses. However, a comprehensive circular is under consideration and shall be soon placed inContinue reading “CBIC rescinds Circulars regarding deposit in and removal of goods from Customs Bonded warehouses in electronic sealing”

EPFO makes filing of ECR easier for business

The Ministry of Labour and Employment (MoLE) on April 30, 2020, makes filing of monthly Electronic-Challan cum Return (ECR) separate from Payment of the statutory contributions reported in the ECR, to ease the compliance procedure under Employees’ Provident Funds and Miscellaneous Provident (EPF & MP) Act, 1952. The ECR can now onwards be filed byContinue reading “EPFO makes filing of ECR easier for business”

UGC issues Circular upon regarding payment of semester fees to universities and colleges

The University Grants Commission (UGC) on May 27, 2020, has issued a Circular regarding payment of fees to universities and colleges. UGC had received representations from students and parents stating that universities and colleges are asking for an immediate payment of annual or semester tuition fee, examination fee, etc. It is represented that due toContinue reading “UGC issues Circular upon regarding payment of semester fees to universities and colleges”

CBIC extends Period for submission of Bond till May 15, 2020

The Central Board of Indirect Taxes and Customs (CBIC) extended relaxation for submission of Bond till May 15, 2020. The Central Board of Indirect Taxes and Customs (CBIC) issued a notification on Tuesday reviewing the circular pertaining to the measures to facilitate trade during the lockdown period. The circular was issued for the purpose ofContinue reading “CBIC extends Period for submission of Bond till May 15, 2020”

CBIC modifies Tariff Value for Edible Oil, Brass Scrap, Poppy Seeds, Areca Nut and Silver as on May 29, 2020

The Central Board of Indirect Taxes and Customs (CBIC) on May 29, 2020, has amended the tariff Notification in respect of fixation of tariff value of the following goods: Crude Palm Oil RBD Palm Oil Others – Palm Oil Crude Palmolein RBD Palmolein Others – Palmolein Crude Soya bean Oil Brass Scrap (all grades) PoppyContinue reading “CBIC modifies Tariff Value for Edible Oil, Brass Scrap, Poppy Seeds, Areca Nut and Silver as on May 29, 2020”

CBIC determines the Exchange Rate of Foreign Currency Relating To Imported and Exported Goods on May 21, 2020

In accordance with Section 14 of the Customs Act, 1962, the Central Board of Indirect Taxes and Customs (CBIC) releases the Exchange Rate Notification for the valuation of goods for purposes of assessment under the Act. In international trade, the value of goods is determined by converting the foreign currency into INR using the customsContinue reading “CBIC determines the Exchange Rate of Foreign Currency Relating To Imported and Exported Goods on May 21, 2020”