The SC posted for Wednesday the government’s appeals against the Bombay High Court’s interim order. The Bombay HC had on April 11 given a contrary view, restraining revenue authorities from taking any “coercive action” against alleged evaders.
Now the price hike in raw materials like colours and dyes, that is estimated at 20 per cent to 30 per cent per kilogram, has added to the woes. The mill owners have not raised the production cost to remain in the challenging market.
The GST revenue has gone up despite the compliance rate showing a decline, with total number of GSTR-3B Returns filed for March up to April 30 at 72.13 lakh as against 75.95 lakh returns filed in the previous month.