Tax Officials Will Send Reminders TO 25,000 Businessmen

Tax officials will send reminders to 25,000 businessmen who filed GST returns in October have not yet filed their November returns.

Faced with a huge challenge on the fiscal deficit front, the central government does not want to let any chance of revenue collection go away.

This is also known by the manner in which the tax officials are behind the businessmen who have filed GST returns.

There are three days left in the month of November and in these three days, a campaign has been started to prepare 25 thousand such businessmen who have gone missing after filing returns in October.

The last date for filing GSTR-3B returns was on November 20.

But after the expiry of this date, the calculation of income tax authorities has revealed that 25 thousand fewer businessmen have filled this return than the previous month.

As soon as this is known, a personal contact campaign has been launched on behalf of the concerned officials from all over the country on a personal level.

Sources in the revenue department said that on the basis of last month’s data, one such businessman has been identified who has not yet filled the said returns.

By the way, 80 lakh GSTR-3B returns have been filed so far this month.

This month, it has also been informed through SMS to non-filing businessmen that if they do not do so by November 30, 2020, their GST registration will also be canceled.

Those with a turnover of more than Rs 5 crore have to file GSTR-3B return by the 20th of every month. Till Saturday, the government is worried about not returning returns from 25 thousand traders.

Let us tell you that the GST collections in the months of September and October have been Rs 95,480 crore and Rs 1,05,155 crore respectively.

The worst of the Corona crisis is over and many other things, including the economy, seem to be on track. Those who are going through financial difficulties due to this crisis will not be much excited by the changed circumstances.

But investors who are looking to be excited by the improvement in the stock markets also need to be careful.

The higher the expectation of the unexpected, the greater will be the preparation to deal with it and the loss will be less accordingly.