The Goods and Services Tax (GST) Council Approved 7 Rules related to:
Input Tax Credit
GST Classification of supplies into good of categories under slab rates as Nil, 5%, 12%,18% and 28%
Compensation Cess for Products: Aerated Water, Pan Masala, Coal, Motor cars
Government had paused migration process from May 1 with a message that window shall open again from June 1 for 15 days for those who have not migrated their existing registrations to GST.
Cess under GST – CESS applicable under GST on luxury/ demerit items will be applied on base value and not on value inclusive of GST. i.e. An item with 28% GST and 15% Cess will have effective tax rate of 43% and not 47.2%
Rate of GST on purchase of flat before completion is 12% of value including value of land.
GST Not applicable for Alcohol, tobacco, petroleum products
In a bid to rationalize tribunals and bring in more uniformity in terms of service and efficiency, the Centre brought the axe down on eight tribunals including EPF Appellate Tribunals. As part of its amendments to the Finance Bill which has now been notified in the Gazette of India vide notification No.1696 (E) dated 26.5.2017.
The EPF Appellate Tribunals have been presently functioning at Delhi and Bengaluru. Now the appeals against the orders of the Employees' Provident Fund Authorities under section 7A and 14B of the EPF&MP Act will be heard by the Central Government Industrial Tribunal which is functioning at 22 places all over India.
EPFO launched a new monthly online return form for exempted / relaxed Private Provident Fund Trusts on 29 May 2017
The software for the new online return form was launched on 27 May 2017
Online return for every month is to be filed by the Trust by the 15th of the month following the month of payment of contributions (online return for the month of April 2017 is to be filed by 15 June 2017).
The performance of all Trusts will be monitored on a regular basis. Ranks will be assigned and will be published on the EPFO website.
Information regarding withdrawal claims settled by the Trust, date of contributions into the Trust and investment pattern of the Trust is required to be provided in the online return.
Employers / Trustees have an option of providing their feedback / comments in the online return.
Non-filing of online return for 3 consecutive months will result in cancellation of the exemption/relaxation granted to the employer / Trust.
Tenure of Work in Establishment: 80 Days in 12 Months before Date of Delivery Earning less than INR 21,000/- covered under ESI, not eligible for Maternity Benefit
Ask employer to give her light work. [Produce certificate of pregnancy]
Inform employer about expected delivery date and the leave period.
Name the person to whom the payment will be made in case she cannot take herself.
26 Weeks leave with pay before/after delivery.
A medical bonus of Rs. 3500/-
An additional leave with pay up to one month [Proof of illness]
In case of miscarriage Six weeks leave with average pay
Tubectomy Surgery: Leave with Wages @ of maternity benefit for a period of 2 months
Light work for 10 weeks (6 weeks plus 1 month) before delivery.
Nursing breaks of 15 Minutes until the child is 15 months old.
No discharge or dismissal while on maternity leave.
No charge to her disadvantage in any conditions of her employment while on maternity leave.
Pregnant women discharged or dismissed may still claim maternity benefit from employer.
No employer can unknowingly employ a woman in establishment during 13 weeks following date of delivery or miscarriage.
No woman shall work in any establishment during the 13 weeks immediately the day following her delivery.
Shall be Unlawful for her employer to discharge or dismiss her on account of such absence.
In case of Gross misconduct the employer in writing can communicate about depriving such benefit.
Within 60 days from date of deprivation of maternity benefit, any Women can appeal to the authority prescribed by law.
Penalty for Contravention of Act Imprisonment with minimum period of 3 months to maximum 01 year. Fine from INR 2000 – INR 5000
Karnataka State Government has amended the Labour Welfare Fund Act to increase the ratio of contribution payable to the Labour welfare board
There are some services specified by the Government of which the service tax has to be collected and paid by the service recipient. Some of the major services under reverse charge are:
Supply of manpower
Insurance Agent Service
Goods Transport Agency Service
Import of Taxable Service
TalentPro is an India leader for HR related products and services. TalentPro brings
a spectrum of HR services that add value to our people, our clients, and all other
stake holders in our ecosystem.
Copyright © TalentProIndia 2016