10 Jul 2020 | 10:41:12 AM
Friday, July 10, 2020 10:29:00 AM Source:BSE 15 mins delay  Sensex :  36,655.39Asian Paints: 1,706.00  [10.80]Axis Bank: 447.95  [5.80]Bajaj Auto: 2,896.40  [14.55]Bajaj Finance: 3,371.30  [41.70]Bajaj Finserv: 6,605.20  [34.15]Bharti Airtel: 575.45  [6.60]H D F C: 1,915.00  [27.00]HCL Technologies: 582.20  [6.05]HDFC Bank: 1,113.40  [12.30]Hind. Unilever: 2,198.75  [23.30]ICICI Bank: 366.50  [4.05]IndusInd Bank: 549.00  [7.55]Infosys: 778.60  [2.95]ITC: 195.75  [0.30]Kotak Mah. Bank: 1,372.35  [4.20]Larsen & Toubro: 944.30  [0.45]M & M: 563.60  [3.05]Maruti Suzuki: 6,061.35  [57.60]Nestle India: 16,735.70  [22.95]NTPC: 90.25  [0.95]O N G C: 79.30  [0.90]Power Grid Corpn: 170.70  [0.75]Reliance Industr: 1,839.65  [15.05]St Bk of India: 200.20  [1.10]Sun Pharma.Inds.: 495.45  [13.40]Tata Steel: 339.20  [5.20]TCS: 2,181.70  [22.65]Tech Mahindra: 563.40  [13.30]Titan Company: 972.90  [18.70]UltraTech Cem.: 3,816.05  [26.10]
Markets News Economy News
Economy News
News on Indian Economy and Sectors, which have impacts in the market for last one week.
Ministry of Finance Simplifies GST Return Forms, Extends Filing Dates
14-Nov-19   18:05 Hrs IST

The Government has decided today to extend the due dates of filing of Form GSTR-9 (Annual Return) and Form GSTR-9C (Reconciliation Statement) for Financial Year 2017-18 to 31 st December 2019 and for Financial Year 2018-19 to 31 st March 2020. The Government has also decided to simplify these forms by making various fields of these forms as optional.

Central Board of Indirect Taxes & Customs (CBIC) today notified the amendments regarding the simplification of GSTR-9 (Annual Return) and GSTR-9C (Reconciliation Statement) which inter-alia allow the taxpayers to not to provide split of input tax credit availed on inputs, input services and capital goods and to not to provide HSN level information of outputs or inputs, etc. for the financial year 2017-18 and 2018-19.

CBIC expects that with these changes and the extension of deadlines, all the GST taxpayers would be able to file their Annual Returns along with Reconciliation Statement for the financial years 2017-18 and 2018-19 in time. Various representations regarding challenges faced by taxpayers in filing of GSTR-9 and GSTR-9C were received on which by the Government has acted in a very responsive manner.

It may be noted that earlier the last date for filing of GSTR-9 and GSTR-9C for Financial Year 2017-18 was 30 th November 2019 while that for Financial Year 2018-19 was 31 st December 2019. Notifications implementing the decisions as above have been issued today

Powered by Capital Market - Live News