CBIC clarification regarding CGST audit
Where there is more than one interpretation and likelihood of litigation, change in practice etc in CGST audit, it is desirable that the zonal (Pr.) Chief Commissioner make a self-contained reference to the relevant policy wing of the Board i.e. the GST Policy or TRU.
Income Tax exemption for non profit entities extended to to Unique Identification Authority of India and West Bengal Transport Workers Social Security Scheme
This notification shall be deemed to have been applied for the assessment years 2022-2023 and 2023-2024 relevant for the Financial Years 2021-2022 and 2022-2023.
IRDAI guidelines regarding Prevention of Money-Laundering (Maintenance of Records) Amendment Rules, 2024
Where additional or updated KYC information is obtained from a client under Rule 9(1C) of PML Rules, Insurers shall furnish the updated information to the CKYCR. If an update in the KYC record of an existing client is informed by the CKYCR, the Insurers shall retrieve the updated KYC records from the CKYCR and update the KYC record maintained by it.
EPFO’s Updated Process for EPF Exemption Surrender
The Employees’ Provident Fund Organization (EPFO) has introduced a new Standard Operating Procedure (SOP) for surrendering EPF exemptions, superseding all previous guidelines.
Amendments to Kerala’s Social Security Scheme for Unorganized Workers
The Kerala Government, under the Employment and Skill Department, has issued a notification concerning the Unorganized Workers Social Security Scheme. This amendment is based on the powers vested in the government by the Unorganized Workers Social Security Act, 2008, and the Kerala Unorganized Workers Social Security Rules, 2010.
Streamlining Inspection Processes for Factories in Kerala
The Government of Kerala has introduced amendments to the existing notification under the Factories Act, 1948, aimed at enhancing transparency, accountability, and simplicity in the inspection of factories.
A New Opportunity for Milk Plants- Vivadon Ka Samadhan Scheme
This scheme provides a unique opportunity for milk plants in the state to settle their dues while benefiting from reduced penalties and interest.
New Regulation To Control Pollution in Streams and Wells
The MSPCB has enacted a stringent prohibition regarding the disposal of polluting matter into streams and wells. The regulation focuses on two main areas:
Ban on Polluting Matter Disposal
Prevention of Flow Impediment
Food Testing Labs Urged To Exercise Caution In Uploading Reports On FICS Portal
The advisory highlights concerns regarding inadvertent mistakes made by laboratories while uploading test reports of import samples, which can lead to delays in the clearance of consignments. The FSSAI has directed laboratories to adhere to specified guidelines.
Three New Portals Launched In The Power Sector
The launch of the three online portals; DRIPS, PROMPT, and JAL VIDYUT DPR is intended to enable transparent, coordinated, and effective working of the power sector in the country. Speaking at the launch, the Minister emphasized the crucial role of electricity in driving India’s economic growth and highlighted the urgent need for timely completion of ongoing thermal power projects.
