Last date to file GST Annual returns extended till November 30, 2019
CBIC has extended the last date for furnishing of annual return in the Form GSTR-9/ Form GSTR-9A and reconciliation statement in the Form GSTR-9C for the financial year 2017-18 from 31st August, 2019 to 30th November, 2019.
Government Withdraws enhanced Surcharge on FPI
Central Board of Direct Taxes on 24th August 2019 has announced to scrap the enhanced surcharge on long and short-term capital gains arising from the transfer of equity shares. The Finance Minister of India held a press conference on 23rd August 2019, where she unveiled certain measure for the modern economy. This decision is one of the measures announced in the press conference.
Key takeaways from finance minister speech on growth measures for Indian economy
Union finance minister Nirmala Sitharaman in a press meet held on 23rd August 2019 has announced a raft of measures to boost the securities market and economy. Some of the key announcements includes the relief to the FPI from the enhanced surcharge, de-criminalization of CSR violations, and immunity to eligible start-ups and investors from angel tax.
