GST notice: CM resolves crisis; offers to forego tax arrears if merchants get GST registration

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The stalemate arising out of the Goods and Services Tax (GST) demand notices to small merchants across Karnataka ended on Wednesday after chief minister Siddaramaiah promised not to pursue the tax arrears and offered to protect the tax-compliant businessmen.

Satisfied with the CM’s assurance and overall outcome of the meeting, various associations of small traders called off a state-wide bandh they had planned for July 25.

The commercial taxes department has issued notice only in cases where annual UPI transactions have exceeded the yearly turnover…



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GST notice: CM resolves crisis; offers to forego tax arrears if merchants get GST registration



The stalemate arising out of the Goods and Services Tax (GST) demand notices to small merchants across Karnataka ended on Wednesday after chief minister Siddaramaiah promised not to pursue the tax arrears and offered to protect the tax-compliant businessmen.

Satisfied with the CM’s assurance and overall outcome of the meeting, various associations of small traders called off a state-wide bandh they had planned for July 25.

The commercial taxes department has issued notice only in cases where annual UPI transactions have exceeded the yearly turnover…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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