Compliance of Labour Laws for contract labour employed in Railway especially for payment of minimum wages by Contractors Labour hired in various Railway departments Indian Railways executes a wide range of works for creation, repair and ·maintenance of its various assets including stations, coaches, wagons, coaching depots, locomotives, tracks …
RBI Cautions about Fake Websites in its Name. It contains a provision for “Bank verification with online account holders” which is with fraudulent intent Reserve Bank of India has cautioned general public that a fake website of the Bank has been created with the URL www.indiareserveban.org by some unknown person(s). …
Amendment to IBBI Fast Track Insolvency Resolution Process for Corporate Persons Regulations 2017 The Insolvency and Bankruptcy Board of India (IBBI) has amended the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 According to the Amendments, The Resolution Professional shall …
Income Tax Systems show pending refunds of Rs. 29000 crores approx In a recent communication issued by the Director of Income Tax (Systems), New Delhi, a sum of Rs. 28941.50 crores (for cases with refund greater than Rs. one crores) is showing as pending in the system. The data …
Refund of ITC accumulated due to Inverted Tax Structure (RFD-01A)-FAQ 1. What is Inverted Tax Structure in the GST regime? The term ‘Inverted Tax Structure’ refers to a situation where the rate of tax on input received (i.e. Input tax credit received) is more than the rate of …
RBI grants Relief to MSME Borrowers registered under GST from NPA classification due to adverse impact of GST formalities Presently a loan account is classified as Non-Performing Asset (NPA) by banks/NBFCs based on 90 day and 120 day delinquency norms, respectively. According to press release of Reserve Bank of …
