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LIC Gets GST Demand Notice Of Rs 605.58 Crore
Life Insurance Corporation of India (LIC) on Thursday said tax authorities have slapped a demand notice of about Rs 605.58 crore on it for short payment of Goods and Services Tax (GST) for financial year 2019-20.
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Finance Minister Explains How GST Benefitted People Through Pro-Poor Approach
Finance Minister Nirmala Sitharaman on Monday said the government has adopted "a pro-poor approach" while implementing Goods and Services Tax, and despite lower taxes rates the revenues as a percentage of GDP have reached the pre-GST level.
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Finance Bill Cleared In Lok Sabha With Tax Amendment On Debt Fund Gains
Lok Sabha today passed the Finance Bill 2023 with 64 official amendments, including the one that seeks withdrawal of long-term tax benefits on certain categories of debt mutual funds and another for setting up the GST Appelate Tribunal.
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Delhi Man Arrested For Issuing Fake GST Invoices Worth Rs 4,521 Crore
GST officers have arrested one person for operating a syndicate and issuing fake invoices of Rs 4,521 crore for availing input tax credit (ITC) benefit under goods and services tax, an official statement said on Friday.
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Auto Scrapping Policy Will Boost Vehicle Sales, Create Jobs: Nitin Gadkari
The National Automobile Scrappage Policy will benefit all stakeholders as it will boost manufacturing, create jobs and help both the Centre as well as state governments in earning up to Rs 40,000 crore each in GST, Nitin Gadkari said.
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JioFiber Annual, 6-Month Plans Now Come With Extra Validity of Up to 30 Days
JioFiber is offering extra validity on its annual and six-month plans. For instance, if the Rs. 399 base plan is purchased as an annual package, i.e. for 12 months, the price of this annual recharge becomes Rs. 4,788 (plus GST). This pack earlier came with 365 days validity, but Jio Fiber is now giving 30 days extra on the plan.
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LTC Cash Voucher Scheme Ends Soon: Everything You Need to Know and What to Buy
Central government's LTC cash voucher scheme makes it easier to claim LTC benefits without travelling. Eligible employees can simply buy good and services with GST rates of 12 percent and above through digital platforms. In this article, we explain everything you need to know.
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New Rules To Incorporate Ownership Details Of Differently-Abled In Vehicle Registration Documents
The amendment notified by the Road, Transport and Highways ministry will help the physically challenged citizens properly avail various benefits and financial incentives available while purchasing a new vehicle.
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Budget 2020: Auto Sector Misses Direct Benefits; Indirect Sops Likely To Drive Sales
GST reduction and incentive based scrappage policy are the need of the hour, but all indirect benefits should curb liquidity crisis and uplift general customers' sentiment.
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Budget 2020: Auto Component Sector Benefits From Rs. 1000 Crore Support
In the 2020 Budget session Government has announced handholding support to the auto component industry for technological upgradation, R&D support and strategy planning.
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Jio Fiber Brings Rs. 199 Weekly Prepaid Plan Voucher With 100Mbps Speeds, Voice Calling Benefits
Rs. 199 Jio Fiber prepaid plan voucher offers unlimited data access at 100Mbps speeds for seven days. It will be available for customers seeking additional data benefits on top of their existing broadband plans.
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ACT Fibernet Launches Gaming Packs With Exclusive Benefits for Its Subscribers
ACT Fibernet has launched new gaming packs for its users in India. It is initially offering two packs – A-Game Basic and A-Game Ultra.
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Nitin Gadkari Says Hybrids Must Get Same Reduced GST Benefit As EVs
Prior to GST, hybrid vehicles were taxed 30.3 percent (12.5 percent excise duty, 12.5 percent value-added tax, 2 percent central sales tax and 1 percent national calamity contingent duty). Under GST, it attracts 28 percent tax and 15 percent cess like big petrol and diesel luxury cars.
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Tata Tigor EV Gets A Rs. 80,000 Price Reduction Under New GST Rates
The government recently announced a reduction in GST rates on electric vehicles in a bid to push faster adoption of EVs, and this has prompted automakers to pass on the benefits to customers. The latest to join the cause is Tata Motors, which has announced a price reduction of Rs. 80,000 on the Tigor EV. The new GST rate for EVs stands at five per ...
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Demonetisation And GST Destroyed Economy: Rahul Gandhi In Rajasthan Rally
Rahul Gandhi claimed the government had destroyed the country's economy with decisions like demonetisation and GST.
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LIC Gets GST Demand Notice Of Rs 605.58 Crore
Life Insurance Corporation of India (LIC) on Thursday said tax authorities have slapped a demand notice of about Rs 605.58 crore on it for short payment of Goods and Services Tax (GST) for financial year 2019-20.
-
Finance Minister Explains How GST Benefitted People Through Pro-Poor Approach
Finance Minister Nirmala Sitharaman on Monday said the government has adopted "a pro-poor approach" while implementing Goods and Services Tax, and despite lower taxes rates the revenues as a percentage of GDP have reached the pre-GST level.
-
Finance Bill Cleared In Lok Sabha With Tax Amendment On Debt Fund Gains
Lok Sabha today passed the Finance Bill 2023 with 64 official amendments, including the one that seeks withdrawal of long-term tax benefits on certain categories of debt mutual funds and another for setting up the GST Appelate Tribunal.
-
Delhi Man Arrested For Issuing Fake GST Invoices Worth Rs 4,521 Crore
GST officers have arrested one person for operating a syndicate and issuing fake invoices of Rs 4,521 crore for availing input tax credit (ITC) benefit under goods and services tax, an official statement said on Friday.
-
Auto Scrapping Policy Will Boost Vehicle Sales, Create Jobs: Nitin Gadkari
The National Automobile Scrappage Policy will benefit all stakeholders as it will boost manufacturing, create jobs and help both the Centre as well as state governments in earning up to Rs 40,000 crore each in GST, Nitin Gadkari said.
-
JioFiber Annual, 6-Month Plans Now Come With Extra Validity of Up to 30 Days
JioFiber is offering extra validity on its annual and six-month plans. For instance, if the Rs. 399 base plan is purchased as an annual package, i.e. for 12 months, the price of this annual recharge becomes Rs. 4,788 (plus GST). This pack earlier came with 365 days validity, but Jio Fiber is now giving 30 days extra on the plan.
-
LTC Cash Voucher Scheme Ends Soon: Everything You Need to Know and What to Buy
Central government's LTC cash voucher scheme makes it easier to claim LTC benefits without travelling. Eligible employees can simply buy good and services with GST rates of 12 percent and above through digital platforms. In this article, we explain everything you need to know.
-
New Rules To Incorporate Ownership Details Of Differently-Abled In Vehicle Registration Documents
The amendment notified by the Road, Transport and Highways ministry will help the physically challenged citizens properly avail various benefits and financial incentives available while purchasing a new vehicle.
-
Budget 2020: Auto Sector Misses Direct Benefits; Indirect Sops Likely To Drive Sales
GST reduction and incentive based scrappage policy are the need of the hour, but all indirect benefits should curb liquidity crisis and uplift general customers' sentiment.
-
Budget 2020: Auto Component Sector Benefits From Rs. 1000 Crore Support
In the 2020 Budget session Government has announced handholding support to the auto component industry for technological upgradation, R&D support and strategy planning.
-
Jio Fiber Brings Rs. 199 Weekly Prepaid Plan Voucher With 100Mbps Speeds, Voice Calling Benefits
Rs. 199 Jio Fiber prepaid plan voucher offers unlimited data access at 100Mbps speeds for seven days. It will be available for customers seeking additional data benefits on top of their existing broadband plans.
-
ACT Fibernet Launches Gaming Packs With Exclusive Benefits for Its Subscribers
ACT Fibernet has launched new gaming packs for its users in India. It is initially offering two packs – A-Game Basic and A-Game Ultra.
-
Nitin Gadkari Says Hybrids Must Get Same Reduced GST Benefit As EVs
Prior to GST, hybrid vehicles were taxed 30.3 percent (12.5 percent excise duty, 12.5 percent value-added tax, 2 percent central sales tax and 1 percent national calamity contingent duty). Under GST, it attracts 28 percent tax and 15 percent cess like big petrol and diesel luxury cars.
-
Tata Tigor EV Gets A Rs. 80,000 Price Reduction Under New GST Rates
The government recently announced a reduction in GST rates on electric vehicles in a bid to push faster adoption of EVs, and this has prompted automakers to pass on the benefits to customers. The latest to join the cause is Tata Motors, which has announced a price reduction of Rs. 80,000 on the Tigor EV. The new GST rate for EVs stands at five per ...
-
Demonetisation And GST Destroyed Economy: Rahul Gandhi In Rajasthan Rally
Rahul Gandhi claimed the government had destroyed the country's economy with decisions like demonetisation and GST.
