India covid-19 experts president India

Relief for late GST filers; council weighs govt borrowing plans

Reading now: 927
www.livemint.com

₹500 a month per return.This is a big relief to businesses as levy of late fee could go up to ₹10,000 a month, as per the earlier rate, experts said. “Providing compliance relief, even beyond September if required, to all businesses is essential at the present stage where the primary focus has to be on business revival and working capital management,“ said M.S.

Mani, tax partner at Deloitte India.The interest rate on tax liability has been halved to 9% in the case of small tax payers with sales up to ₹5 crore for late filing of return in the three months starting February.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA