Racing against time to meet the GST collection target for 2018-19, tax officers have been prodding businesses to pay taxes by Sunday so that the amount gets reflected in the GST revenue collection data for March to be released on April 1 (Monday), a government official said. Since taxes collected by non-EDI (electronic data exchange) ports takes about four-five days to get reflected in the system, the government is planning to come out with a reconciled data for full fiscal by April 10, the official further added.
The pilot project envisaged for rolling out simplified monthly goods and services tax (GST) return forms from April 1 has been deferred and the new forms would be made available once they the notified and the software is ready.
New Delhi: The government has again extended its deadline to impose retaliatory customs duties on 29 US products, including almond, walnut and pulses, till May 2.
Mohali, March 31, The District Consumer Disputes Redressal Forum, Mohali, penalised the managements of e-market portal Myntra Designs Private Limited and Coracle Marketing and Services for charging GST on discounted item here.
MUMBAI: New guidelines on bank exposure to large borrowers take effect on 1 April, even as the Indian Banks’ Association (IBA) has made a last-ditch attempt to defer the deadline.
Industry Desk: Bangladesh’s textile industry has earned a good repute on global plane because of quality products, but factory-waste management found largely repugnant.