Govt announces PSUs to pay Customs duty later within 14 days

Late fee relief on GST return filings now available till July

In a major relief to the Goods and Service Tax taxpayers, the government has decided to cap the maximum late fee for form GSTR-3B at five hundred rupees per return. This will be applicable for the tax period from July 2017 to July 2020 subject to returns being filed before 30th September of this year. Central Board of Indirect Taxes and Customs, CBIC said, there will be nil late fees if there is no tax liability and in this regard a notification has been issued. It said, this step has been taken...

June 30 last date for payment of dues under Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019: CBIC

The Central Board of Indirect Taxes and Customs, CBIC said that tomorrow is the last date for payment of dues under Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019. CBIC informed that one lakh 90 thousand declarations amounting to 90 thousand crore rupees were filled under the scheme and discharge certificates have been issued to one lakh 15 thousand eligible declarants. It said, the benefit of this scheme will not be available after the 30th June. The main objective of the scheme is to f...