In a major relief to taxpayers, the government on Saturday extended the last date for payment of the Goods and Services Tax (GST) for the month of July. The deadline has now been extended from August 20 to August 25. "Since it is the first tax Return to be filed under GST, the tax payers and the tax practitioners have requested for few more days to file their Return. Also there have been requests from States which are hit with floods to extend the last date for filing of GST Returns," Central Board of Excise and Customs (CBEC) stated in a notification. Clarifying on the website functioning, it said that the last minute return filers have faced "some technical glitches".
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The increase in production is to cater to the increased demand because of the festive season and revised GST rates.
The development coincides with the surge in sales fuelled by revised GST rates and festive demands.
India's consumer economy has achieved its highest Navratri sales in over a decade, a surge attributed to the Modi government's NextGen GST reforms, which reduced tax rates and increased product accessibility.
The Yamaha R3 and the MT-03 have received a price cut of Rs 20,000 following the revision in GST rates.
The sales of Suzuki Motorcycle India were supplemented by reduced GST rates and increased demand because of the festive season.
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