18
Monday
June 2018
10:26 PM IST
News Headlines
Fresh FIR filed against Nirav Modi for possessing multiple Indian passports        Nigeria: 31 people killed in twin suicide blasts        1 dead, 20 injured in New Jersey arts festival shooting        Mexico shock World Cup holders Germany        World Cup: Serbia edge out Costa Rica in Group E opener        Messi penalty saved as Iceland hold Argentina        Pakistan SC bars Musharraf from contesting election        FIFA World Cup 2018: Russia stun Saudi Arabia in opener, substitutes shine in 5-0 win        India vs Afghanistan, one-off Test: Afghanistan fight back as India reach 347-6 on Day 1        Four killed, 10 missing after landslide in Kerala        Railways drop coach factory project in Palakkad        Vajpayee better, hopeful of full recovery in next few days: AIIMS director        Congress wins Jayanagar assembly seat in Karnataka        N Korea no longer a nuclear threat: Trump        Former president Maldives and chief justice sentenced for obstruction of justice        Hafiz Saeed-backed MML can’t contest Pakistan elections        Afghanistan not nervous about Test clash with India, says skipper Asghar Stanikzai        Amelia Kerr slams 232* to break 21-year-old record in Women's ODIs        Alappuzha and Thiruvananthapuram offer models of decentralized waste management systems        Bhaiyyu Maharaj, Spiritual Guru To Top Politicians, Commits Suicide        
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Business News
GST council waives late fee for July returns
 
(New Delhi, Sep 02, 2017):The goods and service tax (GST) council on Friday exempted taxpayers from paying the late fee for missing the deadline for filing tax returns for July , the first month of implementation for the new tax regime.

The last date for filing GST returns for July was 25 August for businesses and traders that did not want to claim credit for taxes paid in the previous indirect tax regime. The deadline was 28 August for those who wanted to avail of tax credits.

The late fee waiver is in line with the council’s decision to focus on hand-holding businesses during the transition period rather than enforcing penal provisions for minor offences.

“The central government, on the recommendations of the council, hereby waives the late fee payable under section 47 of the central GST Act, for all registered persons who failed to furnish the return in FORM GSTR-3B for the month of July 2017 by the due date,” said a notification by the Central Board of Excise and Customs.

The late fee payable was Rs100 for every day from the deadline till the return is filed.

Even with two-thirds of the GST assessees remitting taxes for July and excluding those who have subscribed to a liberal quarterly payment scheme, GST receipts have already exceeded the target of union and state governments for the month.

Finance minister Arun Jaitley had disclosed on Tuesday that in July, Rs92,283 crore had been received as GST receipts from 3.9 million taxpayers, compared with the target of Rs91,000 crore.


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Walmart expects to close Flipkart deal by the end of 2018
Passenger vehicle sales rise 20% in May
Cabinet approves bailout package for sugar industry
India to enter top 10 OTT video markets in 4 years: PwC
Kochhar on annual leave, not forced one: ICICI Bank
In AirAsia Case, CBI To Probe Role Of 2 Former Ministers
London police seize bitcoin worth $667,000 from hacker
PNB fraud: ED files charge sheet against Nirav Modi, associates
Natco Pharma PAT for Q ending March 31 up by nearly 70 pc
SBI Q4 loss at Rs 7,718 crore as NPA provisions jump
PNB fraud: ED attaches Nirav Modi’s properties worth Rs 171 cr
Sohan Roy features in Top 100 Indian Business Owners by Forbes Middle East
NITI welcomes $16 bn Walmart-Flipkart deal
Bajaj Finserv offers repayment flexibility on home loan
Walmart to acquire 77% stake in Flipkart
Most Indian millennials ready to switch jobs for a pay rise: Report
Monetise Air India assets rather than selling stake: SJM to govt
With Fuel Prices Hitting the Roof, Govt Asks Oil Companies Not to Increase Rates: Report
PM Modi flags off Indian Railways' first high speed electric locomotive in Bihar
KERALA NEWS
Kerala among 13 states on thunderstorm alert
 (New Delhi, May 7, 2018): Thunderstorms accompanied by squall, hail and heavy rains are likel  
Kerala Karshaka Jadha Opens to a Great Beginning / Video
Malappuram press club attack: RSS workers nabbed
Workers injured in mudslide at construction site
INTERNATIONAL NEWS
Nigeria: 31 people killed in twin suicide blasts
 (Abuja, June 17, 2018):Reportedly, 31 people have been killed in twin suicide blasts in Niger
1 dead, 20 injured in New Jersey arts festival shooting
Pakistan SC bars Musharraf from contesting election
N Korea no longer a nuclear threat: Trump
NATIONAL NEWS
Vajpayee better, hopeful of full recovery in next few days: AIIMS director
 (NEW DELHI, June 13, 2018):Former prime minister Atal Bihari Vajpayee has shown significant i
Congress wins Jayanagar assembly seat in Karnataka
Alappuzha and Thiruvananthapuram offer models of decentralized waste management systems
Bhaiyyu Maharaj, Spiritual Guru To Top Politicians, Commits Suicide
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