The GST Council is likely to rationalise tax rates on five sectors, including mobile phones, footwear and textiles, and defer implementation of the new return filing system and e-invoicing in its meeting on March 14.

Chief Commissioner of Central Goods and Services Tax (Vizag Zone) Penumaka Naresh on Thursday appealed to assessees to file returns as per the new format from the new financial year.

GST e-way bill may soon be integrated with NHAI’s FASTag to check GST evasion from April 2020. One of the major reasons behind the step is to restrict transporters from using a single e-way bill for multiple trips.

RBI has deregulated the interest rate on advances and these interest rates are determined by banks with the approval of their respective Board of Directors subject to extant guidelines of RBI, said an official release on Thursday.

Mumbai, Mar 12 (KNN) Reserve Bank of India (RBI) Governor Shaktikanta Das has cited several challenges which the Micro, Small and Medium Enterprise (MSMEs) sector are facing at present like infrastructure, technology adoption and capacity building.