NEW DELHI: Goods and Services Tax Council, the federal indirect tax body, is set to take several decisions to curb tax evasion in its first meeting to be chaired by new finance minister Nirmala Sitharaman on 21 June.
In addition, the public sector banks would also require capital for the credit growth, which has just started picking up.
Tax practitioners from Gujarat have written to central and state governments that it is not possible to file GSTR-9, the annual return of GST within the set deadline of June 30 and so the deadline for filing the return should be extended.
"As our state will have limited scope to mobilise additional revenue beyond 2022, there would be a steep fall in our revenues by the end of fiscal 2022-23, as compared to protected revenue till fiscal 2021-22 due to the constitutionally guaranteed compens.
Prime Minister Narendra Modi on Saturday said that the Central and state governments should work together to strengthen the export sector.
Coimbatore: The strike by the Tirupur Power Table Owners’ Association demanding a charter of demands entered the fifth day on Sunday, bringing production of garments worth lakhs of rupees to a halt and leaving many jobless, though temporarily.