Active Stocks
Thu Apr 25 2024 15:57:40
  1. Kotak Mahindra Bank share price
  2. 1,643.00 -10.85%
  1. Tata Steel share price
  2. 167.60 1.27%
  1. State Bank Of India share price
  2. 812.60 5.10%
  1. Axis Bank share price
  2. 1,127.35 5.98%
  1. Power Grid Corporation Of India share price
  2. 292.60 0.71%
Business News/ Politics / Policy/  Kerala floods: Govt exempts relief goods from customs duty, IGST
BackBack

Kerala floods: Govt exempts relief goods from customs duty, IGST

Last day for filing GST return form, 3B, also extended till 5 October

The government has declared the floods in Kerala a “calamity of severe nature”. Photo: HTPremium
The government has declared the floods in Kerala a “calamity of severe nature”. Photo: HT

New Delhi: The government on Tuesday exempted levy of customs duty and integrated goods and services tax (GST) on all items imported for providing relief in Kerala. It also extended the last day for filing of GST return 3B form till 5 October for registered taxpayers in Kerala for the month of July.

The deadline for filing this monthly return has also been extended for all taxpayers till 24 August, against the original deadline of 20 August.

In less than two weeks, more than 223 people died and 33 went missing. Nearly 4,000 camps have been set up with 12.5 lakh people in these camps.

The state government estimate put the damages by flood at more than 20,000 crore.

“India stands with Kerala in this hour of need. Central Government is exempting basic customs duty and IGST for the consignments of aid and relief materials being despatched or imported from abroad for the affected people," Goyal said in a tweet. The tax exemptions will be valid till 31 December 2018.

Kerala has been hit hard by devastating rains and floods leading to loss of lives and damage to property. Earlier, Kerala Chief Minister Pinarayi Vijayan had written to the Union Finance Minister, requesting for a general exemption of customs duty and IGST for consignments being despatched or imported from abroad for relief works in the state.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 21 Aug 2018, 11:29 AM IST
Next Story footLogo
Recommended For You