Indian Bank Launches Mega Retail Loan Campaign
Indian Bank launches Mega Retail Loan Campaign, know about it. The country’s leading bank Indian Bank has launched the Mega Retail Loan Campaign.
Indian Bank’s mega retail loan disbursement drive was flagged off by the Bank’s Executive Director Imran Amin Siddiqui, in Mumbai.
On this occasion, he handed over sanction letters to a large number of borrowers in the presence of other dignitaries.
During his address, Imran Amin Siddiqui pointed out that as the impact of COVID infection has subsided.
The bank is actively reaching out to new and existing customers by conducting several such campaigns.
He emphasized that the Bank is taking various steps to make the customer journey more enjoyable by digitizing the processes, with an aim to significantly reduce the turnaround time of retail and MSME loans.
In addition, he praised the long and continuous patronage of an old and trusted customer and also invited suggestions and feedback from customers to improve the products and processes.
Rohit Rishi, FGM, Indian Bank welcomed the customers on the occasion and informed them that the bank has taken conscious steps to enhance its retail and MSME portfolio.
He informed that an amount of Rs 528.83 crore has been sanctioned for 2464 loans in Mumbai during the current month.
If this work related to GST is not done before September 1, then the business may stop, know the details
GSTN (GST Network) has said that businessmen who have not filed a GSTR-3B return in the last two months will not be able to fill the details of outward supplies in GSTR-1 from September 1.
Where business entities file GSTR-1 for a month by the 11th day of the subsequent month, GSTR-3B is filed in a sequential manner between the 20-24th day of the following month.
Business entities pay tax through GSTR-3B.
There will be restrictions in filing GSTR-1
GSTN, which manages the technical facilities for the Goods and Services Tax (GST), has said in an advisory issued to taxpayers that Rule-59(6) under the Central GST Rules, will come into force from September 1, 2021.
This rule provides for restriction in filing GSTR-1.
Supply details will not be allowed to be filed in Form GSTR-1
According to the rules, if a registered dealer has not filed a return in Form GSTR-3B during the last two months, then such a registered person will not be allowed to file the details of supply of goods or services or both in Form GSTR-1.
Return not filed in GSTR-3B.
Businesses who file quarterly returns, if they have not filed returns in Form GSTR-3B during the previous tax period, will also be barred from filing GSTR-1.
The government pays tax.
EY tax expert Abhishek Jain said that this thought is a ban. It is also a kind of necessary control monitoring.
There are many cases where taxpayers keep reporting their supply challans in GSTR-1 but do not submit GSTR-3B returns simultaneously, by which the tax is actually paid to the government.
