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Indian Express
a minute ago
- Indian Express
ESI court quashes ESIC demand, orders refund of Rs 6.56 lakh with 6% interest to manpower agency
In a major relief to a city-based manpower agency, the ESI court has set aside orders of the Employees' State Insurance Corporation (ESIC) and directed its Regional Director in Chandigarh to refund Rs 6,56,318 along with 6% interest to M/s B & J Labour Consultants. The verdict, delivered by Rahul Garg, Civil Judge (Sr. Division), ESI Court, quashed ESIC's earlier orders, dated February 22, 2018, and May 8, 2018, which had directed the firm to deposit Rs 9,65,378 as ESI contribution for manpower deployed in a non-implemented area from April 2013 to March 2014. Represented by advocates Jasbir Singh and Karam Singh, the petitioner argued that B & J Labour Consultants is engaged solely in providing manpower to establishments and has been regularly paying ESI contributions wherever applicable. In this case, however, the manpower was supplied to a company located in a non-implemented area, where the ESI Act did not apply. 'The Assessing Officer passed the impugned order in an illegal, arbitrary, unsustainable, and unconstitutional manner under Section 45A of the ESI Act, without properly considering the facts,' counsel for the petitioner submitted. Challenging the demand, the firm had filed ESI Case No. 07 of 2018 before the Chandigarh ESI Court. After hearing both sides, the court ruled in favour of the petitioner, observing that the ESIC orders were unsustainable. 'The petitioner is hereby held entitled to refund of Rs 6,56,318 from the respondents along with interest at 6% from the date of payments till realisation. The orders, dated 22-02-2018 and 08-05-2018, are set aside being illegal and arbitrary,' the court held.
Time of India
14 minutes ago
- Time of India
As many as 45 cr people lose about Rs 20,000 cr annually from real-money gaming: Govt sources
NEW DELHI: Much against the arguments spelt out by gaming companies against the ban on real-money gaming, Govt estimates that around 45 crore people lose close to Rs 20,000 crore every year in online real-money gaming, according to data provided by an official source on Wednesday. Tired of too many ads? go ad free now The source said the govt believes that online real-money gaming is turning into a 'major problem for the society', and thus it decided to opt for revenue loss in preference to people's welfare. "There is a rough estimate that 45 crore people lose money every year. The total impact of the loss is estimated to be tentatively around Rs 20,000 crore," the source said, just as the Govt tabled the "Promotion and Regulation of Online Gaming Bill 2025" in the Lok Sabha. The Bill, which was passed by the Lok Sabha, proposes to promote eSports and online social gaming while banning money gaming in any form. "Online gaming involving money has become a major problem for society. Every Parliamentarian has raised concerns about its ill effects. Between revenue from one-third of the industry segment and society welfare, the govt has chosen welfare of society," the source said. According to the source, actions against entities involved in money gaming under the bill will be mainly taken by state govts. The bill proposes that any person offering an online money gaming service in violation of the stipulated provisions will face imprisonment of up to three years or a fine that may extend to Rs 1 crore or both. The provisions also stipulate imprisonment of up to two years and or a fine of up to Rs 50 lakh, or both, for those indulging in advertisements in contravention of rules. Several online real-money gaming platforms 'masquerade as game of skills" entities to differentiate themselves from gambling or betting, the source said. Tired of too many ads? go ad free now "Those who play the games are victims. They will not be punished as per the bill, but there will be action on those who provide real-money gaming platforms, facilitate transaction services, etc," the source said. On the other hand, the bill seeks to promote eSports and online social games, which are a part of the creative economy. "There will be a budget for it, schemes and authority for their promotion. They are two-thirds of the industry. It will create job opportunities for the online gaming industry," the source said. Govt has been making efforts for the last three-and-a-half years, which were being bypassed by the real-money gaming players, the source added. 'The govt tried to check it through GST, but it was being bypassed. There was a proposal for a regulatory body, but it was impacted by a conflict of interest. The provisions under the bill were taken after several complaints were received from the public and their representatives," the source said.
New Indian Express
25 minutes ago
- New Indian Express
Zero tax on life and health insurance likely in new GST regime
Most states have agreed to a zero tax on individual health and life insurance premiums— currently taxed at 18%—under the proposed Goods and Services Tax (GST) reform agenda, Bihar Deputy Chief Minister Samrat Choudhary said after a meeting of the Group of Ministers (GoM) on insurance. Choudhary, who heads the 13-member GoM, said the panel will submit its detailed report to the GST Council by October for deliberation. While the GoM broadly favours a full exemption for individual health and life insurance policies, some states have flagged revenue loss concerns that could shape the final outcome at the GST Council's October meeting. A complete exemption would also deprive insurers of input tax credits on operational costs, which could result in higher premiums or reduced agent commissions.
