Electronics companies including leading phone makers are making masks for donating to front line workers fighting the Covid-19 outbreak but have to import machines from China and Taiwan to undertake mass production, according to industry executives.
In consonance with directions by the ministry of home affairs for staggered re-starting of work for government offices, tax authorities have ordered complete sanitisation of the building, frequent cleaning and disinfection of vehicles.
The Tribunal which not held hearings since March 16, took the decision on Monday to make up for loss of work days due to the lockdown.
The Centre is reaching out to different units of the Sangh parivar on changes essential for post COVID-19 economy, even as the labour and economic wings of the RSS have firmed up their pressure strategy to urge the government to "rethink its policy of Chinese investments."
The CCI keeps a tab on unfair business practices in the market place and has powers to take action against erring entities, including imposition of penalties.
The Central Board of Direct Taxes (CBDT) said in a statement that it will revise the income tax return forms - Income-tax Return (ITR) Forms ITR-1 (Sahaj) and ITR-4 (Sugam) - which were first issued in January, to accommodate the relief given to taxpayers by the finance ministry due to the Covid 19 pandemic.
GST Council approved the change in GSTN ownership to 100% government-owned in March.
CBIC said that the trade and business friendly measure was taken with the GST Council’s approval in its 39th Meeting held on March 14, to facilitate early input tax credit (ITC) and to mitigate delays in ITC refunds faced by the taxpayers, besides ensuring that fake ITC claims are not processed.
The government is likely to provide income tax and GST refunds to large companies.
Monetary policy measures taken by the government, the Reserve Bank of India and other regulators have helped de-freeze the market and catalyse credit flows, the minister said, while addressing finance ministers and central bank governors of the G20 on the global economic outlook amid evolving COVID-19 pandemic crisis.
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