The Free Press Journal · DistrictNews
Bhiwandi Powerloom Industry Seeks Relief From GST ITC-04 Penalties, Calls
Bhiwandi’s powerloom industry has urged authorities to withdraw penalty notices linked to GST ITC-04 compliance, citing difficulties with bill-wise reporting. Industry representatives told CGST officials that many small and medium units lack advanced accounting systems. During a meeting in Thane, associations sought a simpler compliance mechanism suited to the sector’s unorganised structure.
Licensed summary · LicensedSummary