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In July, the federal government allowed WFH for a most interval of 1 yr in a particular financial zone (SEZ) unit. The power might be prolonged to 50 per cent of complete staff.
The rules issued by the ministry stated the models will even must submit an software to their improvement commissioners, notifying the adoption of the scheme, at leat 14 days prematurely from the date of implementation of the scheme.
The Division of Commerce has notified new rule 43A for WFH in Particular Financial Zones Guidelines, 2006.
These guidelines have been issued on demand from the business to make a provision for a national uniform WFH coverage throughout all SEZs.
The brand new rule offers WFH for a sure class of staff of a unit in SEZ.
These embrace staff of IT/ITeS SEZ models; staff who’re briefly incapacitated; staff who’re travelling and who’re working offsite.
“The models aspiring to or implementing WFH will formulate and undertake a WFH scheme,” it stated.
It added that the applying for approval of the WFH scheme can be processed and accepted inside 15 days and if no communication is acquired by the unit inside 15 days, the scheme can be deemed to have been accepted.
The models will even have to make sure that the digital property eliminated are duly accounted for in applicable data.
A unit can even submit a revised scheme any time.
Commenting on the transfer, Abhishek Jain, Associate Oblique Tax, KPMG in India, stated the federal government has issued a lot awaited SOP (commonplace working process) in relation to WFH provisions for SEZ models.
These tips is not going to solely deliver procedural readability for companies but in addition make sure that a uniform course of is adopted throughout SEZs within the nation, serving to companies keep away from the tedious talks of endeavor completely different processes for various SEZ jurisdictions, he stated.
SEZs, which emerged as main export hubs within the nation, began dropping sheen after the imposition of minimal alternate tax and introduction of a sundown clause to finish fiscal incentives.
These zones are handled as international entities by way of provisions associated to customs.
The commerce ministry is working to exchange the present SEZ regulation with new laws to allow states to grow to be companions in ‘Growth of Enterprise and Service Hubs‘.
