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18% GST: TVs, AC, Small Cars, Bikes Under 350cc To Cost Less Now
The Goods and Services Tax (GST) Council announced today that only two rates will remain from September 22 - 5 per cent and 18 per cent.
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Key Panel Accepts Centre's Proposal To Move To 2 GST Slabs, Down From 4
A key meeting of the Group of Ministers (GoM) on GST rate rationalisation on Thursday ended with state finance minister accepting the Centre's plan to reduce the number of tax slabs.
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Cars, Mobile Phones, Computers. What May Get Cheaper In New GST System
An overhaul of the Goods and Services Tax, or GST, framework - hailed as "next-generation" by PM Modi in his Independence Day speech ast week - is expected to slash prices of daily-use items by rationalising number of tax slabs.
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"No Amount Of Headline Management Can Hide...": Congress On Rural Jobs Scheme
Hitting out at the government, the Congress said on Tuesday that "no amount of headline management" with GDP growth numbers and GST revenues can hide the economic distress faced by a majority of Indians as it cited a surge in the
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MS Dhoni, Abhishek Bachchan's PAN Details Used For Fraud, 5 Arrested: Cops
In a bizarre case of cyber fraud, a group of fraudsters allegedly procured PAN details of several Bollywood actors and cricketers from their GST Identification Numbers which are available online, and got credit cards issued in their names.
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Modi Government Pushing India Towards "Financial Emergency": Congress
The Congress today accused the Modi government of pushing the country towards an economic collapse and a financial emergency, and said notes ban, GST and lockdown were "disaster strokes" not "master strokes".
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Coronavirus Pandemic: SIAM Welcomes Finance Minister's New Announcements For Relaxation Of Norms
The Society of Indian Automobile Manufacturers (SIAM) has welcomed the Finance Ministry's decision in the wake of the COVID-19 pandemic. Earlier today, Finance Minister Nirmala Sitharaman announced a range of steps for the extension of statutory and regulatory compliances in order to stabilise the Indian economy. The central government has formed a...
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Finance Minister Extends GST Deadline As Traders Struggle Over Lockdown
The last date for filing of GST Returns for March, April and May 2020 has been extended to June 30, finance minister Nirmala Sitharaman announced today amid a number of relief measures following the crisis triggered by coronavirus. There have been expectations of GST relief as small traders and businessmen struggled over the last weeks as state aft...
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All Numbers Point Towards A "Limping Economy", Says P Chidambaram
The monumental blunder of demonetisation, a flawed GST and putting the squeeze on banks were the three major errors committed by the government that sent the economy into a tailspin, senior Congress leader P Chidambaram said today.
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Budget 2019: Tax Rebate for Buying Electric Cars, Eased Angel Tax Norms, New Space Company for ISRO, More
Budget 2019: Finance Minister Nirmala Sitharaman detailed a number of proposals in the budget to boost e-mobility, Indian space programme, startups and Make in India initiative as the government looks to turn the country into a $5 trillion (3,42,65,500 crores) economy by 2024-2025.
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Budget 2019: Government Recommends Reduction Of GST From 12% To 5% On Electric Vehicles
The Union Budget for 2019 has been announced and Finance Minister Nirmala Sitharaman made a number of promises for the overall development of the country's economy. While there haven't been major incentives for conventional vehicles in the auto sector, the government has recommended changes to the Goods Services Tax (GST) council for electric vehic...
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Car Sales Down By 20.55 Per Cent In May 2019 As Automakers Try To Control Inventories
The wholesale and production numbers in May 2019 have seen a huge drop compared to retail numbers which is the biggest indication that automakers are trying to control their inventories.
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Election 2019: Rahul Gandhi Says Committed To GST 2.0 - Single Tax, Simple Filing
Congress president Rahul Gandhi Thursday said if voted to power, his party was committed to simplifying the Goods and Services Tax (GST) by introducing a single tax slab and reducing the number of tax filings from 12 to four in a financial year.
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Arun Jaitley's "Prophets Of Doom" Dig At Opposition Over Notes Ban
Finance Minister Arun Jaitley today lashed out at critics of demonetisation, dubbing them "prophets of doom" hours after former prime minister Manmohan Singh's scathing takedown of the move he said had left scars and wounds that were getting more visible with time. Attacked by the opposition on the second anniversary of the notes ban, Mr Jaitley sa...
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Tax Collection Growing By 15-20 Per Cent Every Year: Arun Jaitley
With a 15-20 per cent average increase in direct tax collections in recent years, government revenues are certain to grow, even as the economy becomes more formalised with Indians adopting technology in greater numbers, Finance Minister Arun Jaitley said on Thursday.
-
18% GST: TVs, AC, Small Cars, Bikes Under 350cc To Cost Less Now
The Goods and Services Tax (GST) Council announced today that only two rates will remain from September 22 - 5 per cent and 18 per cent.
-
Key Panel Accepts Centre's Proposal To Move To 2 GST Slabs, Down From 4
A key meeting of the Group of Ministers (GoM) on GST rate rationalisation on Thursday ended with state finance minister accepting the Centre's plan to reduce the number of tax slabs.
-
Cars, Mobile Phones, Computers. What May Get Cheaper In New GST System
An overhaul of the Goods and Services Tax, or GST, framework - hailed as "next-generation" by PM Modi in his Independence Day speech ast week - is expected to slash prices of daily-use items by rationalising number of tax slabs.
-
"No Amount Of Headline Management Can Hide...": Congress On Rural Jobs Scheme
Hitting out at the government, the Congress said on Tuesday that "no amount of headline management" with GDP growth numbers and GST revenues can hide the economic distress faced by a majority of Indians as it cited a surge in the
-
MS Dhoni, Abhishek Bachchan's PAN Details Used For Fraud, 5 Arrested: Cops
In a bizarre case of cyber fraud, a group of fraudsters allegedly procured PAN details of several Bollywood actors and cricketers from their GST Identification Numbers which are available online, and got credit cards issued in their names.
-
Modi Government Pushing India Towards "Financial Emergency": Congress
The Congress today accused the Modi government of pushing the country towards an economic collapse and a financial emergency, and said notes ban, GST and lockdown were "disaster strokes" not "master strokes".
-
Coronavirus Pandemic: SIAM Welcomes Finance Minister's New Announcements For Relaxation Of Norms
The Society of Indian Automobile Manufacturers (SIAM) has welcomed the Finance Ministry's decision in the wake of the COVID-19 pandemic. Earlier today, Finance Minister Nirmala Sitharaman announced a range of steps for the extension of statutory and regulatory compliances in order to stabilise the Indian economy. The central government has formed a...
-
Finance Minister Extends GST Deadline As Traders Struggle Over Lockdown
The last date for filing of GST Returns for March, April and May 2020 has been extended to June 30, finance minister Nirmala Sitharaman announced today amid a number of relief measures following the crisis triggered by coronavirus. There have been expectations of GST relief as small traders and businessmen struggled over the last weeks as state aft...
-
All Numbers Point Towards A "Limping Economy", Says P Chidambaram
The monumental blunder of demonetisation, a flawed GST and putting the squeeze on banks were the three major errors committed by the government that sent the economy into a tailspin, senior Congress leader P Chidambaram said today.
-
Budget 2019: Tax Rebate for Buying Electric Cars, Eased Angel Tax Norms, New Space Company for ISRO, More
Budget 2019: Finance Minister Nirmala Sitharaman detailed a number of proposals in the budget to boost e-mobility, Indian space programme, startups and Make in India initiative as the government looks to turn the country into a $5 trillion (3,42,65,500 crores) economy by 2024-2025.
-
Budget 2019: Government Recommends Reduction Of GST From 12% To 5% On Electric Vehicles
The Union Budget for 2019 has been announced and Finance Minister Nirmala Sitharaman made a number of promises for the overall development of the country's economy. While there haven't been major incentives for conventional vehicles in the auto sector, the government has recommended changes to the Goods Services Tax (GST) council for electric vehic...
-
Car Sales Down By 20.55 Per Cent In May 2019 As Automakers Try To Control Inventories
The wholesale and production numbers in May 2019 have seen a huge drop compared to retail numbers which is the biggest indication that automakers are trying to control their inventories.
-
Election 2019: Rahul Gandhi Says Committed To GST 2.0 - Single Tax, Simple Filing
Congress president Rahul Gandhi Thursday said if voted to power, his party was committed to simplifying the Goods and Services Tax (GST) by introducing a single tax slab and reducing the number of tax filings from 12 to four in a financial year.
-
Arun Jaitley's "Prophets Of Doom" Dig At Opposition Over Notes Ban
Finance Minister Arun Jaitley today lashed out at critics of demonetisation, dubbing them "prophets of doom" hours after former prime minister Manmohan Singh's scathing takedown of the move he said had left scars and wounds that were getting more visible with time. Attacked by the opposition on the second anniversary of the notes ban, Mr Jaitley sa...
-
Tax Collection Growing By 15-20 Per Cent Every Year: Arun Jaitley
With a 15-20 per cent average increase in direct tax collections in recent years, government revenues are certain to grow, even as the economy becomes more formalised with Indians adopting technology in greater numbers, Finance Minister Arun Jaitley said on Thursday.
