Day: May 16, 2019

What Is Voluntary Provident Fund (VPF)?

Voluntary Provident Fund (VPF) is a voluntary contribution towards one’s retirement fund beyond the mandatory limit. If you are salaried individual, you should know that a part of your cost-to-company (CTC), that is, 12 percent of your basic salary (plus dearness allowance, if any) is contributed towards the Employees’ Provident […]

QR code option may be must for shops

NEW DELHI: The government is looking to mandate a QR code-based payment option using UPI at all shops and establishments with consumers opting for this method of payment eligible for GST benefits along with shopkeepers. The measure is intended to promote digital payments as the preferred option. “We are looking […]

Automated GST refund for exporters by June

New Delhi: Exporters of goods and services, as well as suppliers to SEZ units, are likely to get GST refunds automatically from June as the revenue department plans to introduce faceless scrutiny of refunds and faster claim settlement, an official said. Under GST, every person making a claim of refund on […]

How to activate EPF UAN online; check step-wise process

New Delhi: The Employees’ Provident Fund (EPF) Universal Account Number (UAN) is a 12-digit unique member identity issued to all the salaried persons following the commencement of their first job. According to the prescribed rules by the government, an individual is mandatorily required to contribute a proportionate portion of income […]