The Centre has initiated short-messaging service (SMS) facility for taxpayers to file ‘nil’ monthly goods and services tax (GST) returns. The service will be available from the starting of next month (July 1, 2020).

The government on Monday rolled out SMS facility for taxpayers filing ‘Nil’ monthly GST returns, a move which will benefit about 22 lakh registered taxpayers. Nil return SMS can be sent to 14409 after 1st date of subsequent month. These taxpayers with ‘NIL’ liability need not log on to the GST portal.

The State Bank of India on Wednesday rationalised interest rate on all savings bank accounts to a flat 3 per cent, a move affecting 44.51 crore account holders. The bank also waived the requirement for maintaining minimum balance in savings bank accounts. Keeping in mind the ‘Customers First’ approach, the bank further said it has … Continue reading No minimum balance required in savings a/c: SBI

Paytm Payments Bank, which also houses the Paytm e-wallet has filed an FIR against 3,500 fraudulent numbers. The company said telecom players are “not doing enough” to counter the rising menace of online fraud, where consumers are duped via SMS and calls. While others are also facing the same issue, Paytm is the first firm … Continue reading Paytm: Telcos not doing enough on fraud calls

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