In addition, the public sector banks would also require capital for the credit growth, which has just started picking up.
Tax practitioners from Gujarat have written to central and state governments that it is not possible to file GSTR-9, the annual return of GST within the set deadline of June 30 and so the deadline for filing the return should be extended.
Coimbatore: The strike by the Tirupur Power Table Owners’ Association demanding a charter of demands entered the fifth day on Sunday, bringing production of garments worth lakhs of rupees to a halt and leaving many jobless, though temporarily.
Prime Minister Narendra Modi on Saturday said that the Central and state governments should work together to strengthen the export sector.
Nineteen years into the 21st century and we are still following a tax law that is half a century old. A law that is now largely considered inadequate to cater to the demand of the 21st century India.
"As our state will have limited scope to mobilise additional revenue beyond 2022, there would be a steep fall in our revenues by the end of fiscal 2022-23, as compared to protected revenue till fiscal 2021-22 due to the constitutionally guaranteed compens.