Important Deadlines
Service
Deadline for linking Aadhaar
Consequences of non-compliance
PAN December 31 , 2017
Banking December 31 , 2017
Mutual funds / Stocks
Insurance policies
Post office schemes – PPF , KVP , deposits , NSC , etc
December 31 , 2017
December 31 , 2017
December 31 , 2017
Telecom February 28 , 2018
Social benefit services like LPG and pension
March 31 , 2018 *
I-T returns will not be processed
Accounts will be blocked
Account will turn non-operational
Policies will be inaccessible
Accounts will be blocked
Number will be deactivated
Access to benefits will be curtailed
* The central government has agreed to extend the deadline up to March 31 for those who do not have Aadhaar
that the framework will boost their ability to detect and prevent frauds . However , given the mammoth Aadhaar numbers in operation , service providers have their task cut out over the next one and a half months . Nearly 118 crore Aadhaar numbers have been generated so far , with 4 to 5 crore authentications taking place every day , according to the Unique Indentification Authority of India ( UIDAI ). Earlier , the finance ministry had made it clear that even post office schemes – National Savings Certificate ( NSC ), Public Provident Fund ( PPF ), Kisan Vikas Patra ( KVP ), etc . had to be linked . Alternatively , users could submit Aadhaar application or enrollment details .
which means that a patient can choose any room when being treated at a hospital . The plan also covers medical expenses for in-patient treatment for alternative treatments like ayurveda , yoga , naturopathy , unani , siddha , and homeopathy .
In case of an emergency , air transportation from the site of emergency to the nearest hospital is also covered . It also pays for organ donation expenses .
SC issues notice on bitcoin regulation
With bitcoin and other cryptocurrencies being widely used despite lack of clarity around its regulations , their popularity continues to soar , putting gullible investors who are not savvy enough to make an informed choice at risk . The current situation where circulation of such cryptocurrencies continues unabated without being bound by any rules prompted advocate Dwaipayan Bhowmick to file a petition in the Supreme Court seeking regulations for the cryptocurrency space . The SC has now sought responses from the central government , SEBI and RBI , among others on the matter .
GST Council takes 28 per cent slab list down to 50
End-consumers bearing the brunt of high GST rates can now heave a sigh of relief . Only 50 items will attract the highest tax rate of 28 per cent now , with the GST Council moving nearly 175 items to the lower slab . The council , which took a call on widely expected relief measures ahead of the crucial Gujarat polls , agreed to shift mass consumption products like shampoos , washing powder , detergent and shaving items into the 18 per cent bracket .
“ This is a crucial decision , as India has very high tax slab of 28 per cent excluding cess . In future , we may expect that the government will further slash tax rates by moving from 4-tier tax slabs to fewer slabs
www . outlookmoney . com December 2017 Outlook Money 21