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New Delhi: The finance ministry on Wednesday said that there is no extension of the due date for filing GST final returns and the deadline ends tonight.

NEW DELHI: Taxpayers for goods and services are set to scale the one-crore mark, marking a 25% jump in the number of taxpayers who were registered for payment of excise duty, VAT and service tax. "We will have one crore taxpayers in a day or two," said a government official.

As rumour spread on Wednesday that the last date for filing sales return, GSTR-1, for the period July-November (July-Septermber for small and medium firms) had been extended till January 15, business houses fell over each other to offer their considered view to the media — which was largely on the lines that "the move was much required".

In the supply chain, textiles play an important role as fabric determines the cost and quality of finished garment products.

HKL Magu, managing partner of Jyoti Apparels, has assumed office as the new chairman of the Apparel Export Promotion Council (AEPC) for the period 2018-20. Before assuming charge as the chairman of AEPC, he was holding the position of vice chairman of the council. He took over from Ashok Rajani at the conclusion of the council’s executive committee meeting.

A promoter of Welspun India on Wednesday sold nearly 5 per cent stake in the textile firm for almost Rs 3.5 billion through an open market transaction.