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Income tax return form: The new ITRs have been uploaded on the official website of the department--www. The last date for filing the ITR is July For the second half , the inflation outlook is projected at 4. The growth will accelerate from 7. Section of the CGST Act provides that any reduction in the rate of tax on supply of goods or services, or the benefit of input tax credit, shall be passed on to the recipient consumer by way of a commensurate reduction in prices.
Finance Minister Arun Jaitley said demonetisation and GST implementation have resulted into higher formalisation of economy substantiated by additional one crore income tax returns being filed in the previous fiscal.
This is the eighth consecutive month that the index remained above the point-mark. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction. Fiscal deficit for April-February had soared to Rs 7.
As per the e-way bill system, businesses and transporters need to generate an e-way bill for moving goods worth over Rs 50, from one state to another from April 1 onwards. PMI data for the manufacturing and services sector would also influence trading sentiment, market analysts said. In a clarification, the finance ministry said that the validity period of e-way bill will start only after the details in Part-B of Form GST EWB are updated by the transporter for the first time.
He further said the policymakers have to reevaluate whether more has to be done to deal with banking sector woes. While adherence to the fiscal deficit target will be known after the data for March comes in, analysts said the high absolute number till February will erase some of the recent gains recorded in the bond market. The e-way bill is being touted as an anti-evasion measure that would help boost tax collections by clamping down on tax evasion.
The government will raise Rs 1. RBI sets rupee reference rate at RBI lowers inflation target for first half of FY19 to 4. GDP growth to strengthen to 7. First order on GST anti-profiteering: Direct tax mop-up at Rs E-way bill rollout glitch free: Govt is on course to achieve fiscal deficit target of 3. Day 1 of nationwide rollout: GST, demonetisation done, India can clock higher growth: Time needed for software development depends on changes required: To issue inflation indexed bond: Centre plans to borrow Rs 2.
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