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The Employees’ Provident Fund Organisation (EPFO) on February 28 said that all services utilising Aadhar authentication will remain impacted due to technical maintenance of the platform’s Aadhar setup. EPFO rejects every third claim it receives According to reports on February…
The Panvel Municipal Corporation (PMC) has served 108 attachment notices in the last two days to property tax defaulters as part of its crackdown, and the move has started yielding results. The defaulters have started clearing their dues, with the…
‘In exercise of the powers conferred by sub-section (5) of section 5 of the Central Sales Tax Act, 1956, the Central Government hereby specifies SNV Aviation Private Limited (Akasa Air) having its registered office at 12th Floor, Urmi Estate, 95…
Bandhan Bank on Friday announced that it has secured a mandate to collect revenue on the Government Receipt Portal System (GRIPS) from the West Bengal (WB) government. This will enable people of the state to make their tax and non-tax payments through GRIPS. The bank said that it will…
The revamped Special Economic Zone (SEZ) law is unlikely to see the light of the day before the upcoming Lok Sabha elections, two people aware of the matter said. The commerce department had sought the Union Cabinet’s nod to bring…
A new law that mandates that any payment made to registered micro, small or medium (MSME) enterprises beyond 45 days of receiving goods or services will not be recognised as an expense and added to the profit of the company…
The budgetary allocation for the popular export benefit scheme, Remission of Duty and Taxes on Exported Products (RoDTEP), is likely to get a 10 per cent increase in 2024-25, over the Rs.15,070 crore allocated last fiscal, which may allow the…
The government has clarified that there are no import restrictions on certain IT hardware products such as desktop computers. In a circular to customs authorities and industry, the commerce ministry arm Directorate General of Foreign Trade (DGFT) has said only…
Parliament on Wednesday passed the Provisional Collection of Taxes Bill, 2023, paving the way for provisionally effect changes in customs and excise duties announced in the Budget from midnight. The bill comes with a provision to refund taxes collected that…