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Jun 6, 2021
Chiba – While the government is struggling to raise the rate at which civil employees take paternity leave, in one municipal office over nine out of 10 eligible workers have taken time off for child-rearing following a change in mindset.
Public employees often feel obliged to continue work instead of taking paternity leave, but not at the Chiba city office, where former Mayor Toshihito Kumagai took charge of promoting awareness of work-family balance and trained managers to show more flexibility toward their subordinates.
“I needed the courage to take five months off, but the time was precious as I could watch my baby grow,” Chiba city employee Takahiro Sano, 38, said, recalling his paternity leave from November 2018 to March 2019.
While the Japanese government struggles to raise the rate at which civil employees take paternity leave, at a municipal office near Tokyo over nine out of 10 eligible workers have taken time off for child-rearing following a change in mindset. Public employees often feel obliged to continue work instead of…
Ministry notifies amendment in GST law for levying interest on net cash liability
June 02, 2021
Taxpayers who have already paid interest on gross liability can seek refund
The Finance Ministry notified amendment in Central Goods and Services Tax (CGST) Act to facilitate charging of interest on net cash (tax) liability, retrospectively. To ensure smooth implementation, States will also be required to amend the State Goods and Services Tax (SGST) Act and notify at the earliest.
Experts feel that such a notification will give a big relief to assessees. Net cash liability is arrived at after deducting input tax credit from gross GST liability. Tax is deposited along with returns within the prescribed timeline. After the prescribed date, the assessee is required to pay interest on cash liability.