MSMEs, small dealers not to be affected by 1% cash GST payment rule


Small businesses and dealers will not be impacted by the new government rule of paying at least 1 per cent of liability in cash as only entities with annual turnover of Rs 6 crore and above are required to follow the new rule, sources said.


After unearthing rampant use of fake invoices to evade goods and services tax (GST), the Central Board of Indirect Taxes and Customs (CBIC) had last week amended rules to make it mandatory for businesses with monthly turnover of over Rs 50 lakh to pay at least 1 per cent of their liability in cash.



Sources said the rule applies only to about 45,000 taxpayers out of the taxpayer base of 1.2 crore and genuine dealers and businesses would not be impacted.


The new rule, they said, has been brought to check use of fake invoices to claim credit for tax paid on non-existent or highly inflated input cost.


The new rule restricts the use of input tax credit (ITC) for discharging GST liability to 99 per cent, effective January 1, 2021.


The sources added that

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Voda Idea deploys 3G spectrum for 4G services in Mumbai to increase speed


Telecom operator on Saturday said that it has started using 3G spectrum for 4G services in and claimed that customers in the metro city will get higher data speed with the refarming of spectrum.


has 5 megahertz of spectrum in 2100 Mhz band which was being used for 3G services.



“Supplementing the existing 4G infrastructure with the expansion on 2100 MHz layer has brought about enhanced data speeds, besides a better indoor network experience for Vi customers in We request all Vi 3G customers to visit the nearest retail outlet at the earliest to upgrade to a 4G SIM, free of cost and start experiencing the full potential of Vi GIGAnet 4G,” Rajendra Chourasia, Operations Director- Mumbai, said in a statement.


Vi (Vodafone Idea) who are on 3G connection can get faster 4G experience when they use a 4G handset and a 4G SIM.


“This development coming on the heels of the deployment of 5 MHz of 2100 MHz spectrum band, means that Vi customers in will get to enjoy higher download and upload speeds apart from better

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Covid-19 Pandemic Will Not Be The Last: WHO Chief

The coronavirus crisis will not be the last pandemic, and attempts to improve human health are “doomed” without tackling climate change and animal welfare, the World Health Organization’s chief said.

Tedros Adhanom Ghebreyesus also condemned the “dangerously short-sighted” cycle of throwing cash at outbreaks but doing nothing to prepare for the next one, in a video message marking Sunday’s first International Day of Epidemic Preparedness.

The WHO director-general said it was time to learn the lessons from the Covid-19 pandemic.

“For too long, the world has operated on a cycle of panic and neglect,” he said.

“We throw money at an outbreak, and when it’s over, we forget about it and do nothing to prevent the next one. This is dangerously short-sighted, and frankly difficult to understand.”

The Global Preparedness Monitoring Board’s September 2019 first annual report on world readiness for health emergencies — published a few months before the novel coronavirus broke out — said the planet was woefully unprepared for potentially devastating pandemics.

“History tells us that this will not be the last pandemic, and epidemics are a fact of life,” said Tedros.

“The pandemic has highlighted the intimate links between the health of humans, animals and planet,”

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