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At Rs 1.41 trillion, GST collection for April 2021 sets new record

Read more about At Rs 1.41 trillion, GST collection for April 2021 sets new record on Business Standard. Despite the second wave of coronavirus pandemic affecting several parts of the country, Indian businesses have once again shown remarkable resilience, says govt ....

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Sputnik V To Arrive In India Today

New Delhi: India will receive its first doses of Sputnik-V, a Russian-made coronavirus vaccine; on Saturday (May 1st), as Covid-19 cases and deaths have risen dramatically with more than 300,000 new infections registered daily for the past nine days. The first doses of the vaccine will arrive on Saturday (May 1st), according to Kirill Dmitriev, the head of the Russian Direct ....

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SC to hear plea seeking GST exemption on COVID-19 related drugs, medical equipment

Highlights
The NGO sought exemption of COVID-19 related drugs, medical equipment, other medical treatment for infection prevention, control measures and supportive care for patients from GST
The rate of infection, the positivity rate, as well as the rate of hospitalization for those requiring critical treatment have all increased exponentially with double mutant virus
The plea said that section 11 of the CGST Act confers the power of exemption from payment of GST on goods and services to the GST Council
New Delhi: A plea has been filed in the Supreme Court seeking GST exemption for Remdesivir, Tocilizumab, Favipiravir and other COVID-19 related drugs with a similar generic constitution as well as medical equipment. ....

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Deadline for return filing of audit reports extended to November 7

Deadline for return filing of audit reports extended to November 7
Deadline for return filing of audit reports extended to November 7
The Government On Tuesday Extended The Last Date For E-filing Of Income Tax Returns For Those Taxpayers Who File Audit Reports Till November 7.
PTI
| Updated on: 01 Nov 2017, 01:06:57 AM
New Delhi:
The government on Tuesday extended the last date for e-filing of income tax returns for those taxpayers who file audit reports till November 7.
A senior official said the Central Board of Direct Taxes (CBDT) took the decision to extend the deadline by a week, considering the “representations made by various stakeholders”. ....

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West Pharmaceutical: Q1 Earnings Snapshot

West Pharmaceutical: Q1 Earnings Snapshot
April 29, 2021
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EXTON, Pa. (AP) West Pharmaceutical Services Inc. (WST) on Thursday reported first-quarter earnings of $151.2 million.
The Exton, Pennsylvania-based company said it had net income of $1.99 per share. Earnings, adjusted for asset impairment costs and restructuring costs, were $2.05 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.
The medical device company posted revenue of $670.7 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $614.8 million.
West Pharmaceutical expects full-year earnings in the range of $6.95 to $7.10 per share, with revenue in the range of $2.63 billion to $2.66 billion. ....

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