Traders unhappy with new GST rule

  • | Monday | 18th November, 2019

A businessman, Kamal Mehra, said the rule further complicated the GST return for both traders and the government. Officials will have onerous task to streamline as traders file monthly and quarterly returns, depending upon their annual turnover. Those dealers who have turnover less then Rs 1.5 crore file returns quarterly and those above Rs 1.5 crore file returns monthly. He said bureaucrats were seeking out new ways to increase the falling revenue of the GST. He added that the monthly GST revenue was between Rs 80,000 to Rs 90,000 crore against the target revenue of Rs 1.5 lakh crore.

Read Full Article Here

If You Like This Story, Support NYOOOZ



Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.

Stay updated with all the Amritsar Latest News headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.

Related Articles