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All pending GST refunds for MSMEs to be paid within 30 days: FM

Saturday, August 24, 2019, 9:24 AM

In a major relief to the MSME sector facing liquidity shortage, the government announced that all their pending GST refunds will be paid within 30 days. Also, in future, all GST refunds of micro, small and medium enterprises (MSMEs) will be paid within 60 days from the date of application, Finance Minister Nirmala Sitharaman said while announcing a slew of measures to boost growth.
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CAIT seeks extension of last date to file GST annual return to Oct 31

Friday, August 23, 2019, 8:32 AM

Traders' body CAIT on Thursday asked the finance ministry to extend the last date for filing annual GST return by two months to October 31. The last date to file the return is August 31. In a letter to Finance Minister Nirmala Sitharaman, the Confederation of All India Traders (CAIT) said prescribed Form GSTR 9 for filing annual return "is still very complicated".
 
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Transport ministry wants lower GST on hybrid vehicles

Thursday, August 22, 2019, 4:44 PM

The transport ministry has written to the finance ministry asking for the goods and services tax on hybrid vehicles to be reduced from 28%. This comes after the GST Council, the apex decision-making body for the tax, slashed the rate for electric vehicles to 5% last month in a bid to boost cleaner sources of mobility.

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