The date for submission of forms in manual format to the authorised dealers is extended to 15th July 2021.

2. The Reserve Bank of India (RBI) has changed the rules for Fixed Deposits/ Term Deposits :

Interest on overdue domestic deposits

If a Term Deposit (TD) matures and proceeds are unpaid, the amount left unclaimed with the bank shall attract a rate of interest as applicable to the savings account or the contracted rate of interest on the matured Term Deposite, whichever is lower.

3. GST collection for June falls to Rs 92,849 crore, drops below Rs 1 lakh crore first time in nine months.

[pt_view id=”064542bwhr”]

4. Proceedings of Cancellation of GST Registration can’t be kept hanging on the pretext of Assessee’s failure to file the reply within the time: Rajasthan HC.