On 26th August 2019, All Association meeting was held at Chamber’s Udyambag Office, the President/Secretary of the Associations were present for the meeting and discussion was held on development and betterment of Trade and Industries.
On 23rd August 2019,the office bearers for the year 2019-20 being felicitated by Shri. Suresh Angadi, Hon’ble Minsiter of State for Railways, Govt. of India.
On 19th August 2019, meet Mr Harishwar Sharma (Commissioner Income Tax – Belgaum) requested to consider the Date extension for Filling of Audit & Income Tax Returns, Mr Panchakshari
Chonnad Sr Vice President, Hon.Secretary Hemendra Porwal, Vice President C C Hondakatti and Swapnil Shah were present.
On 19th August, 2019 The delegation of Belgaum Chamber lead by Sr Vice President Shri Panchakshari Chonnad met Mr Mallikarjun Appanavar Executive Engineer HESCOM Belgaum. Hon. Secretary Hemendra Porwal, Vice President C C Hondakatti, and other M.C Members were present.
On 19th August 2019, met Shri. Pratap Ghag and presented the memorandum requesting to increase the last day GST filling,the office bearers and M.C. members were present for the meeting.
On 15th August 2019,the flag hoisting ceremony by the hands of President Shri. Shridhar Uppin at Chember’s Centralized Office& Udyambag Office. OfficeBearers and Managing Committee members were present.
On 12th August 2019, the handover function of the New office Bearers for the year 2019-20 was held at Chamber’s Centralized office.
The Central Government has taken tariff measures, by way of increase in the basic customs duty, to curb import of certain imported items.
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The government has notified October 1 as the date for implementing the tax deducted at source (TDS) and tax collected at source (TCS) provisions under GST law.
As per the Central GST (CGST) Act, the notified entities are required to collect TDS at 1 per cent on payments to goods or services suppliers in excess of Rs 2.5 lakh. Also, states will levy 1 per cent TDS under state laws.
AMRG & Associates Partner Rajat Mohan said the government has notified operation of TDS provisions on payments made by government agencies and TCS provisions for specified e-commerce operators effective October 1, 2018.
“These twin provisions are expected to further deepen the penetration of tax authorities in the economy, and it is likely to carve out widespread tax evasion of not only indirect taxes but also direct taxes,” Mohan said.
The GST, which subsumed over a dozen local taxes, was rolled out from July 1, 2017. However, to make it simpler for businesses in the initial months of rollout, TDS/TCS provisions of GST laws were kept in abeyance till June 30. Later on, it was deferred till September 30, 2018.