The Goods and Services Tax Council on Friday decided to further ease compliance burden of businesses by providing relief on late free and interest payable on late payments. It reduced late fee and interest for those with tax liabilities and waived off late fee completely for those with no tax liabilities. Finance minister Nirmala Sitharaman said that GST collections had fallen to about 45%, aggravating the problem of compensation to states, even as states demanded they be funded through market borrowing. The Council will meet again in July to specifically discuss this issue. “For all those who have no tax liabilities but have not filed their returns between July 2017 and January 2020 there will be zero late fees,” FM Nirmala Sitharaman said. “For people who have tax liability, maximum late fee for non-filing of GSTR-3B returns for period July 2017 - January 2020 has been capped to Rs 500,” she added. Companies having no tax liability will not be fined any … [Read more...] about GST Council eases compliance burden for businesses
Ex chief fires profanities at council during meeting
NEW DELHI: The GST Council in its next meeting will discuss waiver of late fee for non-filing of GST returns for August 2017 to January 2020 period. In a tweet, the Central Board of Indirect Taxes and Customs (CBIC) said, "Issue of GST late fee for the past period (August 2017 to January 2020) to be discussed in the next GST Council meeting." The next meeting of the GST Council is likely to be held on June 14. The CBIC said there have been demands for waiver of late fee for returns which were required to be filed from the beginning of Goods and Services Tax, that is August 2017. For helping small businesses, having turnover of less than Rs 5 crore, in the current situation arising out of COVID-19, Finance Minister Nirmala Sitharaman had already announced extension of GST returns of February, March, April and May 2020 till June 2020. No late fee will be charged for this period, it said. The CBIC said late fee is imposed to ensure that the taxpayers file return in time and pay … [Read more...] about GST Council to discuss waiver of late fee for August 2017 to January 2020
“I was loud and obnoxious and I will own it. That’s what I pleaded to — I have a plea for disorderly conduct, which is the same if you were drunk outside a bar and p—ing on the building. People have used that to call me a criminal when the original exaggerated charge couldn’t be proven because it did not happen. No one can let that go, which is OK, but the same people who can’t let that go don’t need to be posting ‘Black Lives Matter’ because those people are hypocrites.” … [Read more...] about Ex-A’s catcher Bruce Maxwell: ‘Where was this support’ when he protested racism?
- February 26: Johnny Depp attends the High Court in London for a preliminary hearing ahead of a trial which was due to begin the following month. The star heard NGN's barrister Adam Wolanski read out texts sent by Depp, including one from November 2013 to actor Paul Bettany, in which Depp wrote: 'Let's burn Amber.' … [Read more...] about Meet the high-profile Australian lawyer joining Amber Heard in court every day – who counts the Clooneys as friends and even rubs shoulders with Prince Charles
And that is what you hear all across Rhode Island: anger at the cold shoulder from the popular-music community and disgust at the silence from Washington. A charity administered by the United Way, the Station Nightclub Fire Relief Fund, raised $3.2 million from private donations. SNFRF paid some of Gina Russo’s personal bills, about $5,000 in total. The cost of her care so far, she says, is well over $2 million. “I’m one of the lucky ones,” she says. “I had health insurance. It’s very scary for those who didn’t. Unless there’s some new miracle of money really soon, a lot of people could end up homeless.” For 19 years, Russo worked as an administrative secretary at a pediatric-cardiology group in Rhode Island. Chances are she will never be well enough to go back. Russo supports her two boys on a monthly disability check of $500. … [Read more...] about The Station Fire: One Year Later