The country's export earnings in the past seven months also saw a 5.21% drop
The rapid spreading of the new coronavirus that emerged in China has halted production in the country, as many are no longer able to leave their houses to work across several provinces due to city lockdowns. This has pushed businesses to find alternative manufacturing markets, including Turkey.
Union Minister Anurag Thakur said in Lok Sabha that GST (Compensation to States) Act, 2017 provides for compensation to States/UTs on account of revenue loss due to implementation of GST on a bi-monthly basis.
Union Minister of State for Finance and Corporate Affairs Anurag Thakur made the announcement in Lok Sabha after TRS MPs along with MPs from Odisha and Andhra Pradesh raised the issue complaining that their respective States were not getting their due share of GST and IGST.
Nirmala Sitaraman has proposed the National Technical Textiles Mission, with an outlay of ₹1,480-crore, for a four-year period to cut down imports
CBIC again extends of due date of filing GSTR-9 and GSTR-9C [Read Notification] - 04th February 2020
The Central Board of Indirect Taxes and Customs ( CBIC ) has again extended the Due Date for furnishing GST Annual Return and Reconciliation Statement (GSTR-9 / 9A and GSTR-9C) for FY 2017-18 for Group The CBIC said that, Considering the difficulties being faced by taxpayers in filing GSTR-9 and GSTR-9C for FY 2017-18 it has been decided to extend the due dates in a staggered manner for different groups of States to 5th and 7th February 2020.