Commercial Taxes dept urges traders not to stop receiving payments through UPI
Bengaluru, Jul 17 (PTI): The Additional Commissioner of Commercial Taxes on Thursday urged traders not to stop receiving payments through UPI.
On July 11, the Commercial Taxes Department had informed the public that the business establishments, which receive payment exceeding Rs 40 lakh annually for goods and Rs 20 lakh for services will have to obtain Goods and Services Tax (GST) registration.
Following this, it has been reported in the media that many traders are refusing to accept Unified Payments Interface (UPI), fearing GST notices.
The news that thousands of unregistered small businesses have received GST notices wherein the department had tracked the defaulters through their UPI records and that some are being asked to pay in lakhs of rupees have led to this confusion, the department said in a release.
It further stated that the GST notice being sent takes into consideration all modes of payment -- POS machine, bank payments, cash as well as UPI. It also said that refusing UPI payments does not absolve the traders from GST.
"The GST is applicable on the consideration received for the supplies in any form and UPI is only a method of receiving such consideration. The department will take suitable action to collect the applicable tax under the GST Act from the traders who have received consideration in any form," the release said.
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Bangladesh court sentences Sheikh Hasina to 10 years in jail in corruption cases
Dhaka (PTI): A Bangladesh court on Monday sentenced deposed Prime Minister Sheikh Hasina to 10 years in jail in two separate corruption cases related to alleged irregularities in allocations of land in a government housing project.
Dhaka Special Judge’s Court-4 Judge Rabiul Alam handed down the verdicts, sentencing Hasina to a total of 10 years’ imprisonment — five years in each case, state-run BSS news agency reported.
The court sentenced 78-year-old Hasina, her nephew Radwan Mujib Siddiq, and her nieces, Tulip Rizwana Siddiq and Azmina Siddiq, and others in the cases over alleged irregularities in the allocation of plots under the Rajuk New Town Project in Purbachol.
The judgment was pronounced at around 12.30 pm.
Tulip Siddiq was sentenced to four years’ imprisonment — two years in each case — while Radwan Mujib Siddiq and Azmina Siddiq were each sentenced to seven years’ imprisonment in both cases.
Rajuk member Mohammad Khurshid Alam, the only accused to surrender before the court, was sentenced to one year’s imprisonment in each case, totalling two years.
The court also fined all convicted persons Tk1 lakh each and ordered them to serve an additional six months in prison in default of payment.
Hasina has been living in India since she fled Bangladesh on August 5 last year in the face of the massive protests. She was earlier declared a fugitive by the court.
The cases were filed by the Anti-Corruption Commission (ACC) over alleged abuse of power in the allocation of two 10-katha plots.
According to the prosecution, the accused manipulated the allocation process and violated existing rules and regulations of the Rajdhani Unnayan Kartripakkha (Rajuk).
