PHD Chamber President Sanjay Aggarwal said that small and medium businesses have been severely impacted due to the pandemic and allowing them to file pending returns with reduced late charges, will encourage them to file returns and ease their compliance burden.
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Industry hails late-fee relief for GST non-filers, demands zero tax rate on medical devices, health services
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Industry hails late-fee relief for GST non-filers, demands zero tax rate on medical devices, health services
PTI / May 29, 2021, 17:19 IST
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NEW DELHI: Industry chambers on Saturday said the GST amnesty of reducing late fees for delayed monthly return filing will provide some relief to small taxpayers, and demanded complete waiver of the late fees and interest.
They, however, expressed disappointment over no decision on demands of zero-rating of healthcare services, medical devices and equipment used in Covid-19 treatment.
PHD Chamber president Sanjay Aggarwal said that small and medium businesses have been severely impacted due to the pandemic and allowing them to file pending returns with reduced late charges, will encourage them to file returns and ease their compliance burden.
Amid the second wave of the pandemic sweeping across the country, an oxygen concentrator that normally costs about Rs 50,000 to Rs 60,000 is now being sold for a whopping Rs 1.5 lakh.
It is a device that sucks oxygen from the atmosphere and delivers it to a person suffering from respiratory illness. It is a life-saving instrument meant for home use by those Covid-19 patients whose oxygen saturation dips below 80 mm Hg.
While the demand for oxygen concentrators has gone through the roof, oximeters, that indicate the level of oxygen in an individual’s body, are out of stock in most medical stores. Those who have stock, are selling it at a price between Rs 1,800 to Rs 3,000 which is about three to four times the MRP of the device.