Due to the Goods and Service Tax (GST) shortfall, the government of India may need to borrow more for the second year straight. This government will use this amount in compensating the states for their revenue loss during the shortfall. The requirement in the amount to be borrowed is estimated to be Rs. 1.58 lakh […]
Covid-19 Crisis Makes Govt Extend GST Timelines
The government has extended the timelines for Income Tax and GST compliance amid the covid-19 crisis to ease the burden of coping with the tight deadlines during its second wave. As mentioned in the previous news article, the finance ministry had been receiving numerous requests from all industries to ease the deadlines and extend them, […]
