Important Provisions Of ESI Coming into Force in Manipur
On July 10, 2024, the Ministry of Labour and Employment extended provisions of the Employees State Insurance Act, 1948 (ESI Act) to Bishnupur, Senapati, Ukhrul, Kangpokpi, Churchandpur, and Thoubal districts in Manipur. Key sections implemented include 38-43, 45A-I, 46-73, 74, 75, and 76(2-4), 82-83. This move enhances social security for employees by providing access to medical care, maternity benefits, sickness benefits, and disablement benefits
UPCL seeks public responses on new proposal under the provisions of UERC (Terms and Conditions of intra-state Open Access) Regulations, 2015
On July 6, 2024, Uttarakhand Power Corporation Limited (UPCL) invited comments on its proposal for an Additional Surcharge to cover fixed costs related to supplying electricity to Open Access Consumers from October 1, 2024, to March 31, 2025. This proposal is made under the UERC (Terms and Conditions of Intra-State Open Access) Regulations, 2015.
Maharashtra Government Clarifies GST Time of Supply for Spectrum Services
The CBIC issued a circular clarifying that the same guidelines from the June 26, 2024, circular on GST payment timing for spectrum allocation services will apply to the Maharashtra Goods and Service Tax (MGST) Act of 2017. This applies to cases where telecom operators choose to make payments in installments under the Deferred Payment Option as per the Frequency Assignment Letter (FAL) from the Department of Telecommunications.
Maharashtra provides clarity on Tax Rules on Overseas Loans
The CBIC circular confirms that the clarifications provided on June 26, 2024, regarding GST applicability on loan transactions between related parties or from an overseas affiliate to an Indian entity, where payment is made only through interest or discount, will also apply to the Maharashtra Goods and Service Tax (MGST) Act of 2017.
Draft HPERC Levy & collection of fees and charges by SLDC Amendment Regulations, 2024
On July 4, 2024, the Himachal Pradesh Electricity Regulatory Commission (HPERC) issued the Draft HPERC (Levy and Collection of Fees and Charges by State Load Despatch Centre) (Third Amendment) Regulations, 2024, amending the 2011 regulations related to the fees and charges levied by the State Load Despatch Centre.
