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Tobacco, Liquor, Fancy Cars: What Will Cost More As Centre Plans GST Revision
Cigarettes, carbonated drinks, and high-end cars are among items that may become more expensive if a proposal to replace the expiring compensation cess - in the Goods and Services Tax system - with cesses on health and clean energy.
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GST Relief For Middle Class Soon: Cheaper Toothpaste, Utensils, Clothes, Shoes
After a series of income tax concessions earlier this year, the Centre is now preparing to extend relief to middle and lower-income households in the form of a reduction in Goods and Services Tax (GST), sources have said.
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GST Council Exempts Gene Therapy, Cuts Tax Rate For Rice Kernels
Jaisalmer (Rajasthan): Union Finance Minister Nirmala Sitharaman on Saturday announced that the Goods and Services Tax Council has approved the reduction of GST on rice kernels to 5 per cent and exempted life-saving gene therapy from tax.
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What Varanasi Small Traders Expect From Union Budget 2024
"We have a lot of expectations from the Modi government, including reduction of GST on Banarasi sarees," Chandanlal, who runs a Banarasi saree business said.
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COAI Seeks Reduction in Licence Fee to 1 Percent, Waiver in Customs Duty for 5G Network Equipment
Cellular Operators' Association of India (COAI)has urged the government for rationalisation of GST, reduce of licence fee to 1 percent from 3 percent and sought a waiver of customs duty on network equipment for the 5G rollout. During the pre-Budget discussions, the telecom operators' body also sought the removal of GST on the licence fee, spectrum ...
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Union Budget 2021: Two-Wheeler Manufacturers Looking For GST Rate Relief And EV Incentives
Finance Minister N Sitharaman is all set to present the Union Budget for FY2021-22 on February 1, 2021 and the auto industry, the two-wheeler sector in particular is looking for some support from the government for the coming year.
-
Union Budget 2021-22: EV Makers Seek Lower GST, Import Duty Cut
Electric vehicle manufactures are seeking extension of the FAME-II scheme, lower GST and import duty cuts to accelerate growth of the segment.
-
Tata Motors Feels Government's Support In GST Cut Will Help PV Industry: Report
The home-grown automaker, Tata Motors has recently stated that any kind of support from the Government of India towards GST reduction would help the passenger vehicle segment immensely.
-
Hyundai Receives Order For 100 Units Of The Kona Electric From EESL
As a pilot project for clean mobility EESL had ordered 10 KonaElectric SUVs in the year 2019.
-
GST Reduction & Scrappage Policy Will Help Revive Commercial Vehicle Industry: Ashok Leyland
The highly awaited scrappage policy and lowering of GST rates could play an essential role in reviving the commercial vehicle sector, which has been facing a constant downward trend for quite some time now. According to a top Ashok Leyland official, the GST rate cut and the scrappage policy will be beneficial in reviving the Indian CV space. As per...
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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.
-
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.
-
Budget 2020: SIAM Demands GST Reduction On BS6 Vehicles; Incentive Based Scrappage Policy
It's not the first time SIAM has raised these demands, in fact it's been over a year the body has been asking to reduce GST rates in order to push sales during the prolonged slowdown.
-
GST Council Meeting: No Reduction In GST For The Auto Industry
The GST council has not announced any rate cuts on the passenger vehicles and that means there will be no change in the price of cars and bikes.
-
Auto Industry Reacts To Finance Minister's Proposal To Reduce Corporate Tax
The Finance Minister has announced reduction in the corporate tax rate to 22 per cent from 30 per cent, while new manufacturing companies or companies which are making fresh investments from October 2019 will be taxed at 15 per cent which is a big boost to Make in India for sure but also a incentive to invest in the country.
-
Tobacco, Liquor, Fancy Cars: What Will Cost More As Centre Plans GST Revision
Cigarettes, carbonated drinks, and high-end cars are among items that may become more expensive if a proposal to replace the expiring compensation cess - in the Goods and Services Tax system - with cesses on health and clean energy.
-
GST Relief For Middle Class Soon: Cheaper Toothpaste, Utensils, Clothes, Shoes
After a series of income tax concessions earlier this year, the Centre is now preparing to extend relief to middle and lower-income households in the form of a reduction in Goods and Services Tax (GST), sources have said.
-
GST Council Exempts Gene Therapy, Cuts Tax Rate For Rice Kernels
Jaisalmer (Rajasthan): Union Finance Minister Nirmala Sitharaman on Saturday announced that the Goods and Services Tax Council has approved the reduction of GST on rice kernels to 5 per cent and exempted life-saving gene therapy from tax.
-
What Varanasi Small Traders Expect From Union Budget 2024
"We have a lot of expectations from the Modi government, including reduction of GST on Banarasi sarees," Chandanlal, who runs a Banarasi saree business said.
-
COAI Seeks Reduction in Licence Fee to 1 Percent, Waiver in Customs Duty for 5G Network Equipment
Cellular Operators' Association of India (COAI)has urged the government for rationalisation of GST, reduce of licence fee to 1 percent from 3 percent and sought a waiver of customs duty on network equipment for the 5G rollout. During the pre-Budget discussions, the telecom operators' body also sought the removal of GST on the licence fee, spectrum ...
-
Union Budget 2021: Two-Wheeler Manufacturers Looking For GST Rate Relief And EV Incentives
Finance Minister N Sitharaman is all set to present the Union Budget for FY2021-22 on February 1, 2021 and the auto industry, the two-wheeler sector in particular is looking for some support from the government for the coming year.
-
Union Budget 2021-22: EV Makers Seek Lower GST, Import Duty Cut
Electric vehicle manufactures are seeking extension of the FAME-II scheme, lower GST and import duty cuts to accelerate growth of the segment.
-
Tata Motors Feels Government's Support In GST Cut Will Help PV Industry: Report
The home-grown automaker, Tata Motors has recently stated that any kind of support from the Government of India towards GST reduction would help the passenger vehicle segment immensely.
-
Hyundai Receives Order For 100 Units Of The Kona Electric From EESL
As a pilot project for clean mobility EESL had ordered 10 KonaElectric SUVs in the year 2019.
-
GST Reduction & Scrappage Policy Will Help Revive Commercial Vehicle Industry: Ashok Leyland
The highly awaited scrappage policy and lowering of GST rates could play an essential role in reviving the commercial vehicle sector, which has been facing a constant downward trend for quite some time now. According to a top Ashok Leyland official, the GST rate cut and the scrappage policy will be beneficial in reviving the Indian CV space. As per...
-
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.
-
Budget 2020: SIAM Demands GST Reduction On BS6 Vehicles; Incentive Based Scrappage Policy
It's not the first time SIAM has raised these demands, in fact it's been over a year the body has been asking to reduce GST rates in order to push sales during the prolonged slowdown.
-
GST Council Meeting: No Reduction In GST For The Auto Industry
The GST council has not announced any rate cuts on the passenger vehicles and that means there will be no change in the price of cars and bikes.
-
Auto Industry Reacts To Finance Minister's Proposal To Reduce Corporate Tax
The Finance Minister has announced reduction in the corporate tax rate to 22 per cent from 30 per cent, while new manufacturing companies or companies which are making fresh investments from October 2019 will be taxed at 15 per cent which is a big boost to Make in India for sure but also a incentive to invest in the country.
