TIRUPATI: Taking exception to the network-related glitches in the implementation of Goods and Services Tax (GST), the sales tax practitioners took out a rally in the temple city on Friday to vent their ire.
Bank of Baroda (BoB) on Friday reported a shocking Rs 1,407-crore loss for the quarter ended December at a time when most bankers have been claiming the NPA (non-performing assets) cycle has peaked and that the worst is over.
The recently held PromoTex 2020 expo focussed on recyclability and sustainability of textiles.
In its Budget wishlist, exporters’ body FIEO has demanded introduction of “Double Tax Deduction Scheme for Internationalization of MSMEs” to allow MSMEs to deduct against their taxable income, twice the qualifying expenses incurred for approved overseas activities including market preparation, market exploration, market promotion and market presence.
The Union Budget 2020 should focus on creating a coherent and viable policy framework for lending to MSMEs, including making it a core business activity for banks.
In order to avoid the last minute rush of return filers, the government has decided to allow taxpayers to file their GSTR-3B returns in a staggered manner. The government has taken this initiative in wake of the difficulties faced by trade and industry in filing of returns.