Wrong policies of BJP govt broke back of companies: Chidambaram

The Supreme Court Tuesday quashed the RBI’s 18 February 2018 circular which directed banks to move against defaulters under the Insolvency and Bankruptcy Code (IBC) on their failure to pay up within 180 days from 1 March 2018. Continue Reading

Govt waives late fee for non-filing of GST returns

The fee for late filing of returns is Rs 25 per day for Central GST (CGST) and an equal amount under State GST (SGST). However, those businesses who have to file returns but have ‘nil’ tax liability would have to pay a fine of Rs 10 under CGST law, and an equal amount under SGST law. Continue Reading