Agriculture Current Affair 4 July 2020

Kharif sowing up 88% at 433 lakh ha

With almost three-fourth of total districts in the country receiving excess to normal rainfall so far, the area under kharif crops increased by 88 per cent over to 433 lakh hectares (lh) till Friday as against 230 lh in the corresponding week last year, according to kharif sowing data released by the Agriculture Ministry here.

Oilseeds and pulses, which are predominantly rain-fed crops, recorded highest increase as compared to the same period last year.

Late fee for GSTR 3B capped at ₹500, if filed before Sept 30

GSTR 3B is a monthly self-declaration regarding actual tax paid, to be filed by a registered assessee. Under the law, if not filed within the stipulated date, a penalty of ₹50 per day is levied, if assessee has any tax liability due and ₹20 per day in case of ‘nil’ liability. In case of tax due, interest at the rate of 18 per cent is levied.

The government has decided to cap the maximum late fee for Form GSTR-3B at ₹500 per return for the tax period July 2017 to July 2020 subject to the condition that such GSTR -3B returns being filed before 30th September 2020,” a CBIC statement said. It needs to be noted that there will be nil late fees if there is no tax liability. If there is any tax liability then a maximum late fee of ₹500 per return would be applicable to such GSTR-3B returns.

Rising tomato prices leave consumers in a pretty pickle

If it was the tomato growers who bore the brunt of Covid lockdown in late March-April facing problems in harvesting and marketing their produce, it’s now the turn of consumers.

Prices of tomatoes have risen sharply to over ₹50 a kg, as against ₹20-30 a couple of weeks ago, in consuming centres as supplies have shrunk from the key producing regions — mainly Karnataka, Himachal Pradesh, Uttar Pradesh and parts of Maharashtra.

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