Income tax, GST places of work to remain open on March 30, 31 to facilitate year-give up collection

Posted on by Jose K. Taing

Tax places of work, for each income tax and GST, will remain open on Saturday and Sunday as the departments race against time to fulfill the revenue collection targets.
“As according to past exercise, all field workplaces of CBIC (Central Board of Indirect Taxes and Customs) will remain open during the last weekend of the modern-day economic year also March 30 and March 31, 2019, for supporting the taxpayers in all matters,” CBIC stated in an workplace memorandum.
In an workplace order, the Central Board of Direct Taxes (CBDT) asked its area offices to facilitate filing of tax-returns by using the taxpayers through establishing additional receipt counters, wherever required, on March 30 and 31.
“The last date for submitting belated/revised tax-returns for evaluation yr 2018-19 is March 31, 2019. The monetary yr 2018-19 also closes on (March) 31. In view of the closed vacations March 30 and 31, being Saturday and Sunday, Income Tax Offices throughout India (such as the ASK Centres), shall continue to be open on March 30 and 31 for the duration of everyday office hours,” the CBDT stated.

 

 

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The authorities has pegged items and services tax (GST) series target at Rs eleven.Forty seven lakh crore within the current financial, while the equal for direct tax mop up is Rs 12 lakh crore.
GST collections within the current economic till February totalled Rs 10.70 lakh crore.
With regard to direct taxes, the CBDT had accumulated only Rs 10.21 lakh crore as on March 23, that’s 85.1 in step with cent of the revised estimate of Rs 12 lakh crore. The apex coverage making body for profits and company taxes has requested its discipline places of work to “take all viable movements” to attain the collection targets.
The Reserve Bank of India has additionally asked banks maintain their branches open on March 31, so that all government transactions for financial 12 months 2018-19 are accounted for in the equal financial yr. All electronic transactions, together with RTGS and NEFT, will hold for the prolonged time on March 30 and March 31, 2019.

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