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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JK: Fire breaks out in commercial building near Lal Chowk, 19 gas cylinders recovered
Srinagar (PTI): A fire broke out in a five-storey commercial building near the Lal Chowk city centre here on Saturday, but was doused before it could spread in the congested business hub, officials said.
They said firefighters recovered 19 gas cylinders during the operation and there were no casualties in the incident.
Assistant Director, Fire and Emergency Services, Aqib Mir, said, "The fire originated from the attic portion of the building, which houses the kitchen of a restaurant. The cause of the fire is being ascertained."
"The attic was severely damaged. There were no casualties," he said.
The firefighters managed to contain the damage by swiftly dousing the blaze using a hydraulic platform, Mir said.
During the firefighting operation, 19 gas cylinders were recovered from the spot, he said.
"We have informed the concerned police station," he added.
Mir appealed to people not to store combustible substances at home or commercial places.
