Businesses are likely to get extra time for filing their Goods and Services Tax (GST) annual return and audit report for FY19, the first full year of the indirect tax reform.
CHENNAI: The CBI has filed cases pertaining to a duty drawback scam of Rs 12 crore at the Tuticorin Port, where textile manufacturers based in Hosur and Tirupur and several other facilitating companies, have been accused of cheating and fraud.
Lucknow, Sep 11 (KNN) Refuting the claims that auto sector is witnessing slowdown because of increased use of Ola and Uber kind of taxi services, a city based MSME entrepreneur cum former President of Indian Industries Association has said the claims are not based on data.
The Narendra Modi-government’s decision to start a fresh round of consultations with industry to help them tide over the crippling effects of a slowdown needs to be welcomed.
New Delhi, Sep 10 (KNN) The Commerce Ministry has clarified that export incentive scheme Merchandise Exports from India Scheme (MEIS) has not been discontinued from August 1 this year and an inter-ministerial consideration is going on for continuation of 2 percent increase for labour intensive sectors.
The Cotton Association of India (CAI) has lowered its import estimate for the season in view of actual shipments reaching Indian ports being lower than estimated previously.