Bakeries, condiments and small enterprises protest against GST notices on July 24
D.B. Pratap Shetty, president of the association, expressed concern over the GST notices to small-scale businesses like condiments stores, bakeries, milk sellers, vegetable vendors, and others, and said these notices had created a sense of fear among traders.
These notices have been issued based on transactions in their UPI payment gateway linked accounts.
'Most of our transactions — over 95% — are through digital payments,' Mr. Shetty said, and warned that if their issues are not sorted out, they will launch a State-wide protest against the UPI payment system. 'We will begin a campaign to break UPI scanners as a mark of protest,' he warned.
He alleged that traders with annual transactions between ₹20 lakh and ₹40 lakh are being served notices, which goes against the standard GST norms.
While demanding the withdrawal of such notices, the association has demanded that the government allow traders with turnover exceeding ₹40 lakh per year to settle their dues under the presumptive tax scheme by paying a flat 1% tax based on available records.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
5 hours ago
- Time of India
Bank holiday update: Why are banks closed on July 26, 2025? See key August holiday dates
. NEW DELHI: Banks are closed on July 26 2025, fourth Saturday of the month, as per the rules of the Reserve Bank of India (RBI). As per RBI guidelines, banks across the country are closed on Sundays and the second and fourth Saturdays of the month, along with national and regional holidays. Banks remain open on the first, third, and fifth Saturdays unless those days coincide with a holiday. For August, Banks are set to be closed on August 9 (second Saturday), August 15 (Independence Day), August 16 (Janmashtami), and August 23(fourth Saturday). Even if banks remain closed, Digital banking services remain open 24/7 for customers who are already registered. This includes mobile banking apps, net banking, ATM access, and UPI payments. Local festivals and regional holidays in a particular state can affect bank closure dates. It is best to confirm with RBI's guidelines, state-wise calendars, and the specific bank's website to make sure whether the branch will be open on a particular day. From September 2015, the RBI set forth the guideline that all scheduled and non-scheduled banks, including public, private, foreign, cooperative, regional, rural, and local area banks, observe public holidays on the second and fourth Saturdays of each month. All other Saturdays, referred to as 'working Saturdays,' are full working days.
News18
6 hours ago
- News18
Buying Property In UP? 1% Stamp Duty Relief Rolled Out For Woman Property Buyers; Details Here
Last Updated: The UP government's decision aligns with the Union Budget 2024, where the Centre also proposed reducing stamp duty on property deeds executed in favour of women. The Uttar Pradesh government has approved a major relief for women property buyers. In a significant move aimed at empowering women, the UP Cabinet has approved a 1% discount in stamp duty on properties valued up to Rs 1 crore, if purchased in the name of a woman. The decision was taken earlier this week during a Cabinet meeting chaired by Chief Minister Yogi Adityanath at Lok Bhavan in Lucknow. Until now, the stamp duty exemption was restricted to properties worth up to Rs 10 lakh, where a maximum discount of Rs 10,000 could be availed. With the latest decision, this exemption now applies to properties worth up to Rs 1 crore, significantly expanding its scope and impact. Sharing details of the move, UP Labour Minister Anil Rajbhar said, 'The government believes this decision will help middle-class women become property owners, which will not only increase their confidence but they will also become financially more capable and respected in the society." He added that this step will further strengthen the Mission Shakti programme, which is focused on making women self-reliant and empowered. The UP government's decision aligns with the Union Budget 2024, where the Centre also proposed reducing stamp duty on property deeds executed in favour of women. Officials said the state's move is expected to lead to a sharp rise in property registrations in the names of women. Vikas Tomar, executive president and business head at Square Yards, welcomed the decision and said it would particularly benefit the mid-segment market: 'The Uttar Pradesh government's decision to reduce stamp duty by 1% for women on property purchases up to Rs 1 crore is a positive step and will likely boost sentiment among women aspiring to own a home… With this added incentive, we're likely to see greater interest in the mid-range category across cities like Noida, Greater Noida, and Ghaziabad, with more buyers moving forward with purchases under women's ownership." Vikas Bhasin, MD of Saya Group, called the move beneficial but urged the government to go further: 'Stamp duty and other levies form a significant part of home-buying costs, and any reduction helps buyers save a substantial amount of money. However, we have consistently advocated for a broader reduction—especially since it is charged in addition to GST on under-construction properties. The government should consider reducing these charges for all homebuyers to make ownership more affordable." Sahil Agarwal, CEO of Nimbus Realty, echoed a similar sentiment on the decision and said, 'It's a progressive step. At a time when interest from women buyers is steadily increasing, this rebate could tip the scale. From an industry perspective, it aligns well with the current demand wave we're witnessing in suburban NCR, which is witnessing a rise in co-owned properties and purchases by women-led households. Further, it will not only bring down the upfront costs of home buying for women, but also encourage families to include women in asset ownership." view comments First Published: July 26, 2025, 13:08 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
&w=3840&q=100)
First Post
7 hours ago
- First Post
PM Modi meets Muizzu critic Nasheed, 'a strong advocate of deeper India-Maldives friendship'
PM Modi also met the Maldives' Vice President Uz. Hussain Mohamed Latheef and Abdul Raheem Abdulla, Speaker of the People's Majlis. The high-level meetings came a day after PM Modi held several bilateral talks with President Mohamed Muizzu read more Prime Minister Narendra Modi on Saturday met the former president of the Maldives, Mohamed Nasheed, on the second day of his trip to the island-nation. 'Spoke about how the Maldives will always be a valued pillar of our 'Neighbourhood First' policy and Mahasagar vision. India will keep supporting Maldives through capacity building and developmental cooperation,' PM Modi said on X. Met the former President of Maldives, Mr. Mohamed Nasheed. He has always been a strong advocate of deeper India-Maldives friendship. Spoke about how the Maldives will always be a valued pillar of our 'Neighbourhood First' policy and Mahasagar vision. India will keep supporting… — Narendra Modi (@narendramodi) July 26, 2025 STORY CONTINUES BELOW THIS AD The Indian prime minister also met the Maldives' Vice President Uz. Hussain Mohamed Latheef and Abdul Raheem Abdulla, Speaker of the People's Majlis. The high-level meetings came a day after PM Modi held several bilateral talks with President Mohamed Muizzu. Later today, PM Modi will attend the Maldives' Independence Day celebrations as the chief guest. Congratulate the Government and the people of Maldives on the diamond jubilee celebrations of their Independence. Honoured to join PM @narendramodi for the Independence Day celebrations in Malé today. We celebrate 60 years of 🇮🇳 🇲🇻 diplomatic relations as well, reiterating… — Dr. S. Jaishankar (@DrSJaishankar) July 26, 2025 His first day in the Maldives was productive, as Male seeks to reset ties with India after a year of heightening tensions between the two countries that disrupted tourism in the island nation. STORY CONTINUES BELOW THIS AD India has announced a fresh line of credit for the Maldives worth $565 million and the two countries signed an agreement to reduce their annual debt repayment burden by 40 per cent. The two sides sealed six pacts in the fields of fisheries and aquaculture, meteorology, digital public infrastructure, UPI, Indian pharmacopoeia, and for India's concessional line of credit to the island nation. 'For us, it is always friendship first,' Modi said in his media statement, adding the 'roots of our relations are older than history, and as deep as the ocean.' The outcomes of the Modi-Muizzu talks signalled a major turnaround in the relationship after a spell of unease and tension. The renewed intensity in the ties assumes significance as Muizzu came to power in November 2023 on the back of an 'India Out' campaign.
