25,000 defaulting taxpayers to be persuaded to file GST returns by Nov 30

wayne


The Network (GSTN) along with tax officials have decided to persuade 25,000 taxpayers, who have defaulted to file their GSTR-3B returns by the November 20 due date for the month of October, to file the same.


Tax officials have been directed to follow up personally with these defaulting so that their GSTR-3B returns due for October get filed by Nov 30.



These 25,000 taxpayers, who have not yet filed their returns, were identified on the basis of last month’s statistics, said sources in the Department of Revenue on the condition of anonymity, after a high-level review meeting of the officials.


According to sources, in the review meeting, it was highlighted that about 25,000 top of the last month have not yet filed their returns this month. Also, that so far this month, about 80 lakh GSTR-3B returns have been filed. It was also decided at the meeting that all such who have not yet filed their returns shall be sent SMS and email communications and the GST registration cancellation process can be started for about 5.43 lakh taxpayers who have not filed

IndiGrid inks pact to acquire 74% stake in Parbati Koldam from Reliance Infra

wayne


India Grid Trust on Saturday said that it has inked an agreement to acquire 74 per cent stake in Parbati Koldam TransmissionCompanyfrom


“India Grid Trust has signed sharepurchase agreement on November 28th, 2020 for acquisition of 74 per centin Parbati Koldam TransmissionCompany Ltd(PKTCL) from Ltd,” a BSE filing said.



The completion of acquisition would dependupon receipt of relevant approvals and completion of contractual obligations, it added.


According to filing, the implied enterprise value (for 100% equity shares) is Rs900 croreinclusive of cash & cash reserves andnormalised tariff receivables, subject to adjustments on account of movement in cash, deviation in outstandingdebt, tariff receivables, assets, liabilities outstanding.


PKTCL was incorporated on September 2, 2002. PKTCLis joint venture between Limited (74%) and Power Grid Corporation of India Limited(26%).


PKTCL operates 458 circuitkilometres of transmission lines constituting inter-statetransmission system for evacuation of power from theParbati-II HEP implemented by NHPC Limited andKoldam HEP implemented by NTPC Limited.


The Assetwas fully commissioned in June 2015. During the FY2019-20, PKTCL had a total Revenue of Rs 209 crores.

(Only the headline and picture of

French Protesters Clash With Police Over New Security Law

wayne

Violent clashes erupted in Paris Saturday as tens of thousands took to the streets to protest against new security legislation, with tensions intensified by the police beating and racial abuse of a black man that shocked France.

Several fires were started in Paris, sending acrid smoke into the air, as protesters vented their anger against the security law which would restrict the publication of police officers’ faces.





Protesters are calling for the controversial article to be withdrawn
 AFP / JEAN-FRANCOIS MONIER

Some 46,000 people marched in Paris and 133,000 in total nationwide, the interior ministry said. Protest organisers said some 500,000 joined nationwide, including 200,000 in the capital.

President Emmanuel Macron said late Friday that the images of the beating of black music producer Michel Zecler by police officers in Paris last weekend “shame us”. The incident had magnified concerns about alleged systemic racism in the police force.



The article in the "global security" draft law seeks to limit filming and photographing police officers on duty with the intent of harming their "physical or psychological integrity


The article in the “global security” draft law seeks to limit filming and photographing police officers on duty with the intent of harming their “physical or psychological integrity”
 AFP / JEAN-FRANCOIS MONIER

“Police everywhere, justice nowhere” and “police state” and “smile while you are beaten” were among the slogans brandished as protesters

Speed of economic recovery a ‘pleasant surprise’: Niti Aayog’s Rajiv Kumar

wayne


Vice Chairman on Friday termed the speed of India’s economic recovery as a “pleasant surprise” and said manufacturing shows a positive growth that confirms a rebound.


India’s economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent and held out hopes for further improvement on better consumer demand.



“Speed of #economic recovery springs a pleasant surprise. #Manufacturing shows a positive growth which is the confirmation of a rebound of demand led recovery,” Kumar said in a tweet.


The gross domestic product (GDP) had contracted by a record 23.9 per cent in the first quarter of the 2020-21 fiscal (April 2020 to March 2021) as the coronavirus lockdown pummelled economic activity.


With the gradual opening up from June, the economy has picked up, according to official data released on Friday.


Manufacturing clocked a surprise 0.6 per cent growth in July-September after it had shrunk by a massive 39 per cent in the preceding quarter.


Continuing its good showing, the agriculture sector grew by 3.4 per cent,

Subscribe Now