Income tax deadline: Multiple associations, trade unions, and professionals have asked for staggered extensions in deadlines. They have requested the deadline to be extended to March 31

The Institute of Chartered Accountants of India (ICAI) has written to the GST Council asking for an extension of 2018-19 GST annual return filing deadline

This is Part I of two-part article revisiting critical economic decisions that eventually led to minus 23.9% growth in Q1 of FY21. Blaming exogenous factors (pandemic) or intense lockdown is merely an excuse to divert attention from government's ineptitude and thwart meaningful debate

Gross mismanagement of the economy, starting with demonetisation in November 2016 and continued with untimely, unplanned and sudden nation-wide lockdown has compounded the GST problem. Centre's refusal to pay compensation to states now may derail it completely

Amazon, Flipkart seek rollback of new Indian tax on online sellersAmazon and Walmart's Flipkart are among online retailers demanding that India scale back a proposed tax on third-party sellers on their platforms, saying the burden of compliance will hurt the fledgling industry, according to documents seen by Reuters. The online retail industry is braced for a possible 1% tax on each sale made by sellers on their platforms from April if the proposal is approved by parliament next ...

With Goods and services tax launches on July 1, 2017, this is the first time when businesses registered under GST have to file annual return GSTR-9 and reconciliation statement GSTR-9C

GSTR-9, GSTR-9C filing dates: This is the second extension of due dates for filing GST annual returns since January 31, 2020 when the GSTN portal had crashed

The Central Board of Indirect Taxes and Customs had extended the deadline to January 17 from the earlier January 10 deadline

The decision to the extend the deadline for availing late fee waiver on GSTR-1 was taken in view of enthusiastic response to the decision, Ministry of Finance said

With around one crore GST-registered businesses failing file their returns in due time, the new set of norms will allow (GST) authorities to either attach their property or freeze their bank accounts, if the entities do not file their tax returns despite repeated reminders

Finance Minister Nirmala Sitharaman said the decision was not imposed by the council or by her as a chair but by a council member; the 'member' she referred to, according to those present in the meeting, was Kerala Finance Minister Thomas Isaac

During their pre-Budget consultations with Finance Minister Nirmala Sitharaman, CII leadership has asked the government to focus on spending, even if it means a bigger budget deficit

The government has extended the due date for filing annual return (GSTR-9) and reconciliation statement/audit report (GSTR-9C) for financial year 2017-18 to January 31, 2020

FM Nirmala Sitharaman said a committee of secretaries made a presentation on ways to augment revenue, but it did not contain any direct or indirect suggestions on rate hike or rate reduction

GST Council Meeting: FM Nirmala Sitharaman said that she heard the concerns raised by state finance ministers who are worried that Centre will not be able to meet its compensation obligations to states

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GSTR-9, an annual return form, and GSTR-9C, a reconciliation statement, for financial year 2017-18 can be filed till December 31, 2019, and the same for financial year 2018-19 have to be filed by March 31, 2020

The GST Council can extend the last date from December 31, 2019, because businesses are yet to complete the GST return filing process for FY18

While technical glitch is one of the reasons, the bigger issue it seems is reconciliation of returns with financial statement, which is what the GSTR-9C is all about

The finance ministry on Monday said the last date for filing annual GST returns has been extended by three months to November 30 as taxpayers were facing technical problems in furnishing returns.