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2 mins read
With 32 million jobs at stake in India’s auto sector, the Modi government may ease tax burden on cars
Currently, the automobile sector attracts 28% GST along with personal-use aircrafts, lotteries…
1 min read
Lower GST rate on aircraft MRO to boost local business, say service operators
Finance Minister Nirmala Sitharaman on Saturday said the GST Council has decided to reduce the GST…
PTI
4 mins read
Signs that Modi government wants to bring petrol and diesel under GST – and the reasons why it is difficult
When it was rolled out in 2017, the GST regime brought a wide range of products and almost all s…
5 mins read
It’s good that India wants just two GST slabs but it has to ensure it doesn’t hurt consumers
However, experts say that it could also be down to just two slabs, eventually. And the latest mo…
4 mins read
GST Council meet on Thursday to figure out how states will be compensated for delays in payment
"The Council will meet tomorrow with a single-point agenda to discuss the compensation cess. A…
3 mins read
Payment of 1% GST in cash only for 45,000 taxpayers: DoR sources
The government's decision on mandatory payment of at least 1 per cent of GST tax liability in cash …
2 mins read
Budget 2016 will bring about big change, says this consumer durable giant
Panasonic says it’s hopeful that the government’s upcoming Budget 2016 will create opportunities fo…
3 mins read
Mobile phones to become expensive from April 1
Demand for more skilled manpower, better hardware to enhance capacity has been agreed to by the…
PTI
1 min read
Banks not yet prepared for GST roll-out: Indian Banks' Association
The IBA further said that several services by banks to customers are centralised while seve…
2 mins read
India’s Finance Minister moots the possibility of a single tax rate on standard items amid continued criticism of the government’s GST regime
Jaitley explained that prior to the reform’s implementation, the value-added-tax regime levi…
6 mins read
Indian government’s budget dilemma – curb the sale of cigarettes or let the over $12 billion tobacco industry provide the much needed cash
The Indian government has proposed several changes to the Cigarettes and Other Tobacco Products …
1 min read
RBI could go for a rate cut soon! Here’s why
RBI could also lessen its interest rates because of these reasons. Talking of global crude…
2 mins read
Jaitley says GST is necessary to make India unified market and have cheaper goods
He was speaking at a conference organised by the Institute for International Economic Studies, when…
1 min read
Former Finance Minister Chidambaram insists on mentioning 18% GST rate in the amendment bill
Chidambaram said the GST was also a major concern for the people of the country and was not only a …
1 min read
GST won’t have much impact on airfares or hotel rates, say travel agents
GST council has decided to tax both economy and business class fares at marginally different r…
3 mins read
Flipkart is wooing sellers with a collaboration that will help them file their taxes online
Flipkart, Amazon's primary competitor in the Indian e-commerce market, is all set to woo sellers. T…
1 min read
GST hike on mobile phones will be detrimental for local manufacturing: ICEA
"We understand that one of the logic being put forward is that the industry is suffering from inve…
PTI
3 mins read
OPINION: How new age NBFCs are changing the small ticket business loan landscape in India
As of March 2021, India’s total lending market size stood at ₹156.9 lakh crore, recording around 10…
2 mins read
India's real estate developers want lower GST on cement-- but that is not going to make apartments cheaper
With the 35th edition of GST council meeting beginning on June 21, the government is likely to ta…
3 mins read
The Indian government is risking a tighter noose on 'tax evaders' as GST collections remain short of target
The Indian government is planning to prohibit companies from generating e-way bills for the tra…