2024 January » Sensys Blog.

Due Dates for the month of February 2024.

Due Dates for the month of February 2024. Due Date Chart

Jan 312024

07th	TDS	TDS Payment for January 2024.
10th	GST	Return for authorities deducting tax at source – GSTR 7 for January 2024.
10th	GST	Details of supplies effected through e-commerce operators and the amount of tax collected – GSTR 8 for January 2024.
11th	GST	Details of outward supplies of taxable goods and/or services effected – GSTR 1 for January 2024.
13th	GST	Invoice Furnishing Facility (IFF) for January 2024 in lieu of GSTR 1 for QRMP Filers.
13th	GST	Return for Input Service Distributor – GSTR 6 for January 2024.
14th	TDS	Issue of TDS Certificates for Tax deducted u/s 194-IA, 194-IB, 194M in Dec.
14th	TDS	Issue of TDS Certificates for Non Salary TDS returns
15th	P.F. & ESIC	Payment for January 2024.
20th	GST	GSTR 3B for January 2024 if aggregate turnover exceeds Rs. 5 Crore.
20th	GST	Return for Non-Resident foreign taxable person – GSTR 5 for January 2024.
22nd	GST	GSTR 3B for January 2024 if aggregate turnover exceeds Rs. 5 crores (Note 1-Jan).
24th	GST	GSTR 3B for January 2024 if turnover exceeds Rs. 5 crores (Note 2-Jan).
25th	GST	Monthly Payment for January 2024 through Challan PMT 06 for QRMP filers.
28th	Prof. Tax	Monthly Return Tax Liability of Rs. 1,00,000/- & above for January 2024.
28th	TDS	Deposit of TDS u/s 194-IA on payment made for purchase of property in Jan in Form 26QB.
28th	TDS	Deposit of TDS u/s 194M for Jan on payments made to resident contractors or professionals greater than 50 lacs pa by individuals/HUF not subject to tax audit in Form 26QD.

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Navigating the Indian compliance calendar for February 2024: Embracing 2024 with Commitment.

Navigating the Indian compliance calendar for February 2024: Embracing 2024 with Commitment. Compliances

Jan 302024

As we bid farewell to the past year and welcome the promises of the new one, the Indian business landscape gears up for another journey through the compliance maze. The start of 2024 brings with it a fresh perspective and a renewed commitment to adhere to the ever-evolving regulatory requirements. In this blog, we’ll navigate through the Indian compliance calendar for February 2024, ensuring businesses are well-prepared to embrace the challenges and opportunities that lie ahead.

Compliance-Calendar-Jan-2024 👈 DOWNLOAD

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“ESIC’s Latest Update: Streamlining Aadhaar Seeding with Face Authentication on AAA+ Mobile App”

“ESIC’s Latest Update: Streamlining Aadhaar Seeding with Face Authentication on AAA+ Mobile App” Compliances

Jan 272024

Introduction:

In a recent development, the Employee State Insurance Corporation (ESIC) has taken a significant step towards enhancing the Aadhaar seeding process. The circular issued on January 10, 2024, introduces a groundbreaking feature – face authentication – on the AAA+ Mobile App. This update aims to simplify and expedite Aadhaar seeding for Insured Persons (IPs) and their family members. In this blog post, we’ll delve into the details of these advancements and explore how this update is poised to improve user experience.

The Power of Face Authentication on AAA+ Mobile App

1. Seamless Aadhaar Seeding:

ESIC’s AAA+ Mobile App now empowers IPs to seed Aadhaar effortlessly using face authentication. This user-friendly feature eliminates the need for manual entry, providing a quick and secure alternative for users to link their Aadhaar details.

2. Google Play Store Update:

To access the latest face authentication feature, users are urged to update their AAA+ Mobile App through the Google Play Store. The update is already live, ensuring IPs can benefit from the enhanced Aadhaar seeding capabilities without delay.

3. User Manual Guidance:

ESIC has thoughtfully included a User Manual along with the circular, offering step-by-step instructions on leveraging the face authentication feature. This guide aims to assist users in navigating the AAA+ Mobile App seamlessly, ensuring a smooth experience while seeding Aadhaar.

Biometric Authentication Device ATS300: A Game-Changer

1. Successful Proof of Concept:

ESIC’s ICT Branch has successfully conducted a Proof of Concept (POC) for the Biometric Authentication Device ATS300 developed by M/s Access Computertech Pvt. Ltd. This device is now integrated into the employer and ESIC Staff portals, further streamlining the Aadhaar seeding process.

2. Additional Authentication Option:

The circular encourages the use of ATS300 in addition to the previously approved devices for biometric authentication. This not only provides IPs with more options but also enhances the overall security of Aadhaar seeding.

Implementation Details: Branch Office Login

ESIC’s commitment to efficiency is evident in the deployment of the new provision – “Aadhaar Seeding and ABHA Generation” – in the Branch Office login. This implementation is a strategic move to facilitate a smoother Aadhaar seeding process for PDB/DB Beneficiaries.

Coexisting Authentication Processes:

ESIC reassures users that the introduction of face authentication is complementary to existing methods. OTP based authentication and biometric authentication will continue alongside face authentication until further orders. This ensures that users can choose the method that suits them best.

Conclusion: A Technological Leap Forward

ESIC’s recent updates mark a significant technological leap forward in the realm of Aadhaar seeding. The incorporation of face authentication and the successful POC of the ATS300 device showcase ESIC’s commitment to providing secure, user-friendly services for IPs and their families. Users are encouraged to embrace these enhancements by updating their AAA+ Mobile App and referring to the attached User Manual for a seamless Aadhaar seeding experience. Stay tuned for further updates as ESIC continues to innovate and streamline its services.

ESIC Latest Update Streamlining Aadhaar Seeding with Face Authentication 👈 DOWNLOAD

Process File Streamlining Aadhaar Seeding with Face Authentication 👈 DOWNLOAD

Courtesy by: PCS Consultancy

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“EPFO Removes Aadhaar as Proof of Date of Birth: Navigating Changes in Identity Verification”

“EPFO Removes Aadhaar as Proof of Date of Birth: Navigating Changes in Identity Verification” Compliances

Jan 252024

Introduction:

Introduce the recent circular issued by the Employees’ Provident Fund Organization (EPFO) and the corresponding directive from the Unique Identification Authority of India (UIDAI). Highlight the significance of this decision in the context of identity verification and the legal landscape. This information sheds light on an important change regarding the acceptance of Aadhaar as proof of date of birth.

The key points of the analysis are:

UIDAI’s Directive (Circular No. 08 of 2023):

Aadhaar is not recognized as proof of date of birth according to the Aadhaar Act, 2016.
UIDAI emphasizes that Aadhaar provides identity verification, not proof of birth.

EPFO Circular and Implementation:

EPFO, in response to UIDAI’s directive, removes Aadhaar from the list of acceptable documents for correcting the date of birth. The decision is reflected in Table-B of Annexure-1 of the Joint Declaration SOP issued earlier. The circular is approved by the Central Provident Fund Commissioner (CPFC).

Legal Implications and UIDAI’s Clarifications:

The UIDAI’s circular refers to the Aadhaar Act, 2016, and regulations governing enrolment and update processes. The Aadhaar Act and an office memorandum from December 20, 2018, explicitly state that Aadhaar is not proof of date of birth. Recent judgments, including one from the Bombay High Court, reinforce that Aadhaar cannot be considered as proof of birth.

Communication to AUAs/KUAs:

UIDAI’s directive is communicated to all Authentication User Agencies (AUAs) and Know Your Customer User Agencies (KUAs) through Circular No. 08 of 2023. EPFO’s circular is directed to all ACC (Zones), RPFC (Regional offices), and Office in charge of ROs for widespread implementation.

Necessary Modifications:

The Internal System Division (ISD) is directed to make necessary modifications in the application software to align with the updated guidelines.

Conclusion:

The removal of Aadhaar as proof of date of birth by EPFO aligns with UIDAI’s directive and the legal stance on Aadhaar’s limitations. This change emphasizes the role of Aadhaar in identity verification rather than proof of birth, and it highlights the importance of accurate documentation in the context of identity verification. Entities involved in date of birth corrections within EPFO should be aware of and adhere to these changes to stay compliant with the latest regulatory updates. This information provides a comprehensive overview of the situation and its implications for EPFO members and other stakeholders.

Circular Download:-

EPFO Removes Aadhaar as Proof of Date: Navigating Charges in Identity Verification 👈 DOWNLOAD

Courtesy by: PCS Consultancy

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Karnataka Compulsory Gratuity Insurance Rules, 2024.

Karnataka Compulsory Gratuity Insurance Rules, 2024. Compliances

Jan 152024

The Karnataka Compulsory Gratuity Insurance Rules, 2024, issued by the Government of Karnataka, outline regulations regarding the payment of gratuity to eligible employees. Here’s a summary of the key provisions:

1. Title and Commencement

These rules are named the Karnataka Compulsory Gratuity Insurance Rules, 2024.
They come into force from the date of publication in the Official Gazette.

2. Definitions

Defines various terms such as “Act” (Payment of Gratuity Act, 1972), “employer,” “form, “nomination,” and “section.”
Refers to definitions in related acts like the Insurance Act, 1938, Life Insurance Corporation Act, 1956, etc.

3. Obtaining Insurance for Payment of Gratuity

New employers must obtain a valid insurance policy within 30 days from the rules’ applicability.
Existing employers must obtain insurance within 60 days from the commencement of the rules.
Employers must make timely premium payments and renew policies, informing the Controlling Authority promptly.

4. Recovery of the Amount of Gratuity

The Controlling Authority has the power to recover gratuity amounts from the insurance company in case of disputes or as determined by the employer.

5. Registration of the Establishment

Employers must register their establishments with the Controlling Authority within 30 days of obtaining insurance.
Details of insured employees must be submitted, and updates provided when there are changes.

6. Continuation of Approved Gratuity Fund

Employers with an existing approved gratuity fund or those employing 500 or more persons may opt to continue or adopt such arrangements by submitting an application.

7. Incorporation of Gratuity Trust

Employers with approved gratuity funds must register the Gratuity Trust with representatives and comply with relevant laws.
The trust can be managed privately, by the insurance company, or jointly.
The trust must adhere to certain standards and procedures for claiming and releasing gratuity amounts.

8. Compliance with the Provisions of the Act

Employers must take measures to fulfill their obligations under the Payment of Gratuity Act, 1972.

The notification is signed by Suma. S, Under Secretary to Government, Labour Department, on behalf of the Governor of Karnataka, and is dated January 10, 2024.

Karnataka Compulsory Gratuity Insurance Rules 2024 DOWNLOAD

Courtesy by: PCS Consultancy

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Latest West Bengal minimum wages in 2024 for scheduled employment.

Latest West Bengal minimum wages in 2024 for scheduled employment. Compliances

Jan 122024

1. Scheduled Employments:

The minimum rates of wages apply to 30 Scheduled Employments in the state, and the rates have been updated based on Fixation/Revision notifications for each scheduled employment.

2. Implementing Areas:

Zone A: Includes areas under Municipal Corporations, Municipalities, Notified Areas, Development Authorities, and Thermal Power Plant areas, including Township Areas.

Zone B: Encompasses the rest of West Bengal.

3. Calculation of Rates:

To determine the daily rate, the monthly rate should be divided by 26 (rounded off to the nearest rupee).
To find the weekly rate, the daily rate should be multiplied by 6.

4. Normal Working Day:

A normal working day consists of eight hours of actual work with a minimum half-hour recess, totaling 48 hours of actual work in a week.

5. Weekly Rest:

One day in any seven-day period, as per local convenience, is designated as the day of weekly rest. The minimum rates of wages include wages for the weekly day of rest. Payment for work done on the weekly rest day and beyond normal working hours is at double the ordinary rates.

6. Protection of Higher Rates:

If the existing rates of wages for any employee, based on a contractor, agreement, or other means, are higher than the rates specified in the circular, the higher rates will be protected.

7. Applicability to Contractors:

The minimum rates of wages are applicable to employees employed by contractors.

8. Rates for Disabled Persons:

The minimum rates of wages for disabled persons are the same as those payable to workers of the appropriate category.

9. Gender Equality:

Men and women employees are entitled to the same rates of wages for the same work or work of similar nature.

10. Enforceability:

The minimum rates of wages, along with variable dearness allowance (if any), together constitute the minimum rates of wages enforceable under the Minimum Wages Act, 1948 (11 of 1948).

The circular has been issued with the approval of the Labour Commissioner, West Bengal, as of December 12, 2023.

West Bengal minimum wages notification Jan 2024: DOWNLOAD

Courtesy by: PCS Consultancy

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Due Dates for the month of January 2024.

Due Dates for the month of January 2024. Due Date Chart

Jan 042024

07th	TDS	TDS Payment for December 2023.
10th	GST	Return for authorities deducting tax at source – GSTR 7 for December 2023.
10th	GST	Details of supplies effected through e-commerce operators and the amount of tax collected – GSTR 8 for December 2023.
11th	GST	Details of outward supplies of taxable goods and/or services effected – GSTR 1 for December 2023.
13th	GST	Invoice Furnishing Facility (IFF) for December 2023 in lieu of GSTR 1 for QRMP Filers.
13th	GST	Return for Input Service Distributor – GSTR 6 for December 2023.
15th	P.F.	PF Payment for December 2023.
	ESIC	ESIC Payment for December 2023.
	TDS	TDS Quarterly Statement (Other than Government Deductor) for October to December 2023.
	TDS	Issue of TDS Certificates for tax deducted u/s 194-IA, 194M in Nov.
18th	GST	Quarterly Statement for composition taxable person – CMP 08 for October to December 2023.
20th	GST	GSTR 3B for December 2023 if aggregate turnover exceeds Rs. 5 Crore.
20th	GST	Return for Non-Resident foreign taxable person – GSTR 5 for December 2023.
22nd	GST	GSTR 3B for the month/quarter ended December 2023 if turnover is below Rs. 5 Crore for Gujrat, Madhya Pradesh, Chhattisgarh, Maharashtra, Telangana. Andhra Pradesh, Karnataka, Goa, Kerala, Tamil Nadu, Puducherry, Dadra & Nagar Haveli.
24th	GST	GSTR 3B for the month/quarter ended December 2023 if turnover is below Rs. 5 Crore for the Rest of India.
30th	TCS	Issue of TCS Certificate for Oct to Dec by all collectors.
31st	GST	To opt out or in from QRMP for the period January to March 2024
	TDS	TDS Quarterly Statements (Other than Government Deductor) for October to December 2023.
	Prof. Tax	Monthly Return Tax Liability of Rs. 1,00,000/- & above for December 2023.
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Compliance Calendar for the month of January 2024.

Compliance Calendar for the month of January 2024. Compliances

Jan 032024

Appended below is the Pan India Compliance calendar for January 2024, the employer is under obligation to contribute towards some of the above-mentioned compliances for the welfare of the employees. Each of these compliances is again governed by a set of rules and formulas. It is proven to be a deliberate attempt to violate the provisions of the law, there could be imprisonment of the employer. Please, comply with the same in time to avoid any future non-compliance so that hefty penalties and fines are not charged by the respective dept.

COMPLIANCE CALENDAR January 2024 >>> DOWNLOAD

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January 2024
M	T	W	T	F	S	S
« Dec				Feb »
1	2	3	4	5	6	7
8	9	10	11	12	13	14
15	16	17	18	19	20	21
22	23	24	25	26	27	28
29	30	31

07th

10th

11th

13th

14th

15th

20th

22nd

24th

25th

28th

28th

07th

10th

11th

13th

15th

18th

20th

22nd

24th

30th

31st

COMPLIANCE CALENDAR January 2024 >>> DOWNLOAD