Jaitley’s big announcement takes everyone by surprise!

Union Finance Minister Arun Jaitley today held a press conference at National Media Centre in New Delhi and while addressing media he stated that there have been quite a number of discussions and reviews of the economy in the recent few weeks within the ministry.

He further went on to say that India has been the world’s fastest-growing large economy for the past three years.
Jaitley asserted that keeping in mind the current economic situation: “We will appropriately respond to the situation as it develops.”

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Earlier in the day, Jaitley said the government has decided to waive late fee on the filing of GSTR-3B for August and September. “To facilitate taxpayers, late fee on filing of GSTR-3B for August and September has been waived,” Jaitley tweeted. He added that the late fee which has been already paid will be credited back to the taxpayers’ accounts.

The Ministry of Finance also released GST-related data through its Twitter handle. It said that the total revenue of GST paid under different heads upto October 23, 2017 for the month of September 2017 is Rs 92,150 crore. While the total CGST revenue stands at Rs 14,042 crore, the SGST and IGST revenue are Rs 21,172 crore and Rs 48,948 crore respectively.

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