The new simplified returns filing format, approved by the GST Council last July, is finally ready to be rolled-out after being deferred twice. Under the new format, taxpayers will be required to file one monthly return, except small taxpayers and a few exceptions.
In a move to ease the compliance burden on the taxpayers and to facilitate input tax credit in a fast manner, the Central Government has finally moved ahead with the single monthly return system under the Goods and Services Tax ( GST ) regime.
The rupee on Friday opened 23 paise lower at 70.26 against the US dollar on Friday amid rise in crude oil prices. The domestic currency on Thursday surged by 31 paise to close at 70.03.
Small Industries Development Bank of India (SIDBI) on Thursday reported a 28.22 per cent jump in net profit at Rs 519.36 crore for the March quarter as against Rs 405.06 crore in year-ago period.
The apparel export industry is facing several short and long term challenges following the Easter Sunday attacks, the industry officials said.
Distribution of gold cards, launch of new software for contractor loans, and declaration of annual financial are also packed into the event, an official spokesman said