Market news, GST, condition to provide bank account details, Businesses are required to submit their correct bank account details to the GST authorities within 30 days of GST registration.
GST Network informed about this.
Advice to GST registered businesses Under GST Act, bank account details within 30 days of GST registration or filing of GST R1 It has been informed that it should be submitted before the due date.
Taxpayers are requested to submit their bank account details to avoid disruption in business operations. In case of expiry of 30 days, the GST account will be suspended.
Taxpayers whose GST registration has been suspended due to non-submission of bank account details will now be reminded through REG 31 form. And such businesses will be barred from filing GST. It has been reported.
1.10 core to Air India penalty
The Directorate of Civil Aviation has imposed a fine of Rs 1.10 crore on Air India for non-compliance with safety regulations.
Air India is some of its long haul. Civil Aviation Authority investigates following a complaint by an airline employee about violation of safety rules on critical routes.
Conducted A show cause notice was sent to Air India after an investigation revealed that the airline did not comply with safety norms. Then the response report is evaluated.
Ultimately, the Directorate of Civil Aviation fined Air India after it found that the company’s operations did not comply with regulatory performance limits.
And enforcement action has also started.
For the same reason, ‘SpiceJet’ has also been fined Rs 30 lakh.