CBIC Mandates uploading of specified documents and mention of relevant document codes in Bills of Entry (BoE) on e-Sanchit
CBIC Mandates uploading of every bill of entry, Invoice. transport contract etc in e-SANCHIT. ll the documents has to be submitted only electronically via e-Sanchit either by the beneficiary or by the Participating Government Agency.
ESIC Issues notice on registration of employees within 10 days from the date of appointment
ESIC, in order to resolve the issue of inconvenience of employers to register employees within 10 days of appointment, , approved online registration after 10 days of appointment subject to replying to show cause notice in 15 days.
GSTN has issued advise on uploading multiple invoices with GST refund application
The Goods and Service Tax Network on 28th November 2019 has issued an FAQ for scanning and uploading supporting documents with the refund application, which includes multiple invoices/debit/credit notes.
Rajasthan shops and commercial establishment rules is amended to alter the procedure and fees for registration of employees
Rajasthan Shops and Commercial Establishment (Amendment) Rules, 2019, has amended the provision on registration of employees and grant of registration certificate. The existing table specifying the maximum number of employees employed on any day, the amount of fees, validity and form of certificate has been revised.
Labour Ministry seeks to increase enrolments under Nation Pension scheme for self-employed persons
Central government, as part of pension week celebration, seeks to increase enrolment to ‘The National Pension Scheme for Traders and Self-Employed Persons Yojana’, a voluntary and contribution based central pension scheme for shopkeeper’s, retail traders and self-employed persons.
ESIC alters the criteria for dependent parents to qualify for medical benefit
ESI corporation has enhanced the income limit of dependent parents for eligibility for medical benefit from Rs.5000 to Rs.9000 from all source.
SEBI enlists the permissible nations and exchanges in which Depository receipts can be issued and listed by Indian companies
SEBI in its earlier notification dated 10th October 2019, has stated that a Listed company shall be permitted to issue permissible securities or transfer Permissible Securities of existing holders, for the purpose of issue of DRs, only in Permissible Jurisdictions and said DRs shall be listed on any of the specified International Exchange(s) of the Permissible Jurisdiction. on November 28, a list of permissible jurisdictions and international exchanges has also been prescribed by SEBI.
SEBI revises cut-off time for margin collection for commodity derivatives
The Securities Exchange Board of India in its Notification dated 29th November 2019 has issued circular on cut-off time for the collection of margins from commodities traders that are traded beyond banking hours. The directive will be effective from April 1, 2020.
SEBI Issues norms for Debt Exchange Traded Funds and Index Funds for Asset Management Companies (AMCs).
SEBI has released norms for debt exchange traded funds and Index Funds for Asset Management Companies (AMCs). The norms prescribe that no single issuer will have more than 15% weight in the index, the index will have a minimum of eight issuers and rating of the constituents of the index will be investment grade.
The Central Motor Vehicles Rules amended to prescribe new carbon emission limits for different vehicles
The Central Motor Vehicles (Twelfth Amendment) Rules, 2019 issued on 26th November, 2019 has prescribed new carbon emission limits for different category- 4/3/2 wheeler – of vehicles using liquefied Petroleum Gas, Compressed Natural Gas or Diesel.
