The Employees Provident Fund Organisation on July 14, 2020 has decided to extend the validity period of Scheme for implementation of PMGKY package for credit of employer’s and employee’s contributions (24% of wages) by Government of India. The government has decided to pay 24 percent of monthly wages under the PMGKY scheme for three monthsContinue reading “EPFO extends the validity period of PMGKY package for credit of employer’s and employee’s contribution”
Tag Archives: AVACOM
EPFO issues circular for settlement of death claims on priority basis in case of industrial accidents
The Employees Provident Fund Organisation (EPFO) on July 17, 2020 has issued a circular for settlement of death claims on priority basis in events of industrial accidents etc. It has been stated by the organisation that immediate actions shall be taken in such events and the concerned RPFC must take immediate action for the same.Continue reading “EPFO issues circular for settlement of death claims on priority basis in case of industrial accidents”
Ministry of Finance issues clarification on applicable GST rates on alcohol-based hand sanitisers
The Ministry of Finance on July 15, 2020 has issued a press release to provide clarification on GST rates applicable on alcohol-based hand sanitisers. The Ministry has further clarified that the GST rates applicable on alcohol-based hand sanitisers is 18 percent which has been decided by the Central and State Government. Further, the Ministry statedContinue reading “Ministry of Finance issues clarification on applicable GST rates on alcohol-based hand sanitisers”
CBIC modifies Tariff Value for Edible Oil, Brass Scrap, Poppy Seeds, Areca Nut and Silver as on July 15, 2020
The Central Board of Indirect Taxes and Customs (CBIC) on July 15, 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 July 15, 2020”
CBIC amends all industry rates of duty drawback effective from July 15, 2020
The Central Board of Indirect Taxes and Customs (CBIC) on July 15, 2020 amends all the industry rates of Duty Drawback. The amendments have been made in the notification issued by the Ministry on July 13, 2020 vide notification no. 56/2020- Customs (N.T.). Following amendments have been made in the notification: • AIR’s have been enhancedContinue reading “CBIC amends all industry rates of duty drawback effective from July 15, 2020”
CBIC facilitates suggestions for review of existing customs duty online
The Central Board of Indirect Taxes and Customs (CBIC) on July 21, 2020 has issued a notification for crowd sourcing of suggestions for review of existing customs duty exemption notifications or customs laws and procedures. The government has taken a step forward to institute a facility at Mygov Innovate portal for all the stakeholders andContinue reading “CBIC facilitates suggestions for review of existing customs duty online”
Government of Delhi extends timeline for furnishing the details of outward supplies in FORM GSTR-1
The Delhi Finance Revenue Department June 25, 2020, extends the time line for furnishing the details of outward supplies in FORM GSTR-1 of the Delhi Goods and Services Tax Rules, 2017, by such class of registered persons having aggregate turnover of more than 1.5 crore rupees in the preceding financial year or the current financialContinue reading “Government of Delhi extends timeline for furnishing the details of outward supplies in FORM GSTR-1”
CBIC extends the validity of AEO certificate for ease of renewal process
The Central Board of Indirect Taxes and Customs (CBIC) on June 30, 2020 has decided to extend the validity of the AEO certificate for the process of renewal or modification. The ministry has extended the validity of all AEO certificates expired or expiring between March 01, 2020 and September 30, 2020 till September 30, 2020 except forContinue reading “CBIC extends the validity of AEO certificate for ease of renewal process”
Rajasthan Commercial Taxes Department extends last date for filing FORM GSTR- 3B
The Commercial Taxes Department of Rajasthan on June 26, 2020 amends the Notification no. F.17 (131 pt-II) ACCT/GST/2017/5579 issued on March 24, 2020. All the taxpayers, who have an aggregate turnover of more than 5 crores in the previous financial year and having the principal place of business in the State, shall furnish FORM GSTR- 3B forContinue reading “Rajasthan Commercial Taxes Department extends last date for filing FORM GSTR- 3B”
The Central Goods and Service Tax (Eight Amendment) Rules, 2020
The Central Board of Indirect Taxes and Customs (CBIC) on July 01, 2020 issues the Central Goods and Service Tax (Eighth Amendment) Rules, 2020 to further amend the Central Goods and Service Tax Rules, 2017. A newRule 67A has been substituted related to “Manner of furnishing of return or details of outward supplies by shortContinue reading “The Central Goods and Service Tax (Eight Amendment) Rules, 2020”
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