The deadline to link PAN with Aadhaar has been extended yet again. The government in a notification dated December 30, has said that the deadline to March 31, 2020, 3 months from the current deadline of December 31, 2019.
The revenue loss is equivalent to 2.4% of GDP or 40% of the GST collection target. GST authorities have zeroed in on about 40,000 companies for claiming excess or wrongful tax rebates
GST Network CEO Prakash Kumar on Friday said e-invoicing and the new format for filing GST will help improve the ease of doing business and reporting for the indirect taxes.
The country’s largest two-wheeler maker, Hero MotoCorp, has been pitching for a reduction of the GST rate on bikes and scooters to 18% from the top slab of 28% meant for luxury goods, in order to spur demand.