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India Records Decade-High Navratri Sales As GST Cuts Fuel Consumer Boom
India's consumer economy has achieved its highest Navratri sales in over a decade, a surge attributed to the Modi government's NextGen GST reforms, which reduced tax rates and increased product accessibility.
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AC, TV Dealers See Spike In Sales On Day One As Lower GST Rate Takes Effect
As lower GST rates take effect on Monday, sales of air-conditioners, TV sets surged dramatically with buyers rushing to grab cheaper deals offered by retailers at the beginning of the Navratra festival.
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In PM Modi's Speech, A Reference To 2014 Article On India's Trade Practices
Prime Minister Narendra Modi today said that the Goods and Services Tax reforms would usher in a countrywide "GST Bachat Utsav," benefiting poor, middle-class, farmers, traders, and entrepreneurs alike.
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Tax Cuts, Sales Boost: Everything You Need To Know About New GST Rates
Finance Minister Nirmala Sitharaman unveiled tax cuts for hundreds of consumer items, from soap to cars, in the biggest overhaul of the goods and services tax (GST), set to take effect from September 22.
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Tax Panel Plans Steep Levies On Luxury Electric Cars In Blow For Tesla, BMW
A tax panel has proposed steep increases in consumer levies on luxury electric cars priced above $46,000, a government document showed, a move that could impact sales of carmakers such as Tesla, Mercedes-Benz, BMW and BYD.
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Tesla Debuts In India, To Compete For 1% Slice Of Total Car Sales
Tesla opened its first showroom in on Tuesday, marking the electric vehicle maker's long-anticipated debut in the world's third-biggest automotive market.
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Tesla's Long-Awaited India Debut Bets On Luxury Vehicle Buyers
Tesla Inc. is opening its first India showroom as Elon Musk's electric-vehicle maker looks to ply new markets and offset slowing sales where it's already well established.
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Donald Trump's Youngest Son, Barron, May Have Earned $40 Million From Family's Crypto Venture: Report
Barron Trump, the youngest child of US President Donald Trump, may have earned close to $40 million - $25 million after taxes - from the sale of crypto tokens linked to the family's crypto venture named World Liberty Financial, according to Forbes.
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Maruti Suzuki Chairman Advocates Tax Cuts to Boost Small Car Market
Chairman of Maruti Suzuki, advocates for lower taxes on small cars to boost affordability and revive the segment, crucial for broader auto industry growth.
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Karnataka Hikes Tax On Diesel, Price Rises By Rs 2 Per Litre
Karnataka government has hiked the sales tax on diesel to 21.17 per cent with effect from Tuesday, as a result of which there will be an increase of Rs 2 per litre, bringing the sale price to Rs 91.02.
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Delhi Earned Rs 5,000 Crore From Tax On Liquor, Rs 200 Crore From Milk
Over Rs 5,000 crore was collected from taxes on liquor in the current financial year and just Rs 210 crore from milk and milk products, the Delhi government has told the Assembly
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Maharashtra Scraps Six Percent EV Tax Plan to Boost Adoption
Maharashtra has dropped a 6 percent sales tax proposal on EVs priced above $35,000 (roughly Rs. 30 lakh) to boost adoption in India, where EV sales remain low at 2 percent of four million cars sold last year. Chief Minister Devendra Fadnavis cited unnecessary disincentivisation, while the federal goal aims for 30 percent EV adoption by 2030.
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GST Portal Seeks Extension For Filing Return As Portal Faces Technical Glitch
The GST Network has sought an extension for filing GST sales returns after it flagged a technical glitch in its system to the Central Board of Indirect Taxes and Customs.
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GST Council Increases Tax On Used EV Car Sale By Business
The goods and services tax council on Saturday decided to levy an 18 per cent GST on margin value on the sale of used electric vehicles by businesses and agreed to keep jet fuel (ATF) out of the 'one-nation-one-tax' regime.
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As Justin Trudeau's Popularity Sinks, Rival Promises To End Sales Tax On New Homes
The high cost of housing in Canada has helped sink Prime Minister Justin Trudeau's popularity, especially among younger voters.
-
India Records Decade-High Navratri Sales As GST Cuts Fuel Consumer Boom
India's consumer economy has achieved its highest Navratri sales in over a decade, a surge attributed to the Modi government's NextGen GST reforms, which reduced tax rates and increased product accessibility.
-
AC, TV Dealers See Spike In Sales On Day One As Lower GST Rate Takes Effect
As lower GST rates take effect on Monday, sales of air-conditioners, TV sets surged dramatically with buyers rushing to grab cheaper deals offered by retailers at the beginning of the Navratra festival.
-
In PM Modi's Speech, A Reference To 2014 Article On India's Trade Practices
Prime Minister Narendra Modi today said that the Goods and Services Tax reforms would usher in a countrywide "GST Bachat Utsav," benefiting poor, middle-class, farmers, traders, and entrepreneurs alike.
-
Tax Cuts, Sales Boost: Everything You Need To Know About New GST Rates
Finance Minister Nirmala Sitharaman unveiled tax cuts for hundreds of consumer items, from soap to cars, in the biggest overhaul of the goods and services tax (GST), set to take effect from September 22.
-
Tax Panel Plans Steep Levies On Luxury Electric Cars In Blow For Tesla, BMW
A tax panel has proposed steep increases in consumer levies on luxury electric cars priced above $46,000, a government document showed, a move that could impact sales of carmakers such as Tesla, Mercedes-Benz, BMW and BYD.
-
Tesla Debuts In India, To Compete For 1% Slice Of Total Car Sales
Tesla opened its first showroom in on Tuesday, marking the electric vehicle maker's long-anticipated debut in the world's third-biggest automotive market.
-
Tesla's Long-Awaited India Debut Bets On Luxury Vehicle Buyers
Tesla Inc. is opening its first India showroom as Elon Musk's electric-vehicle maker looks to ply new markets and offset slowing sales where it's already well established.
-
Donald Trump's Youngest Son, Barron, May Have Earned $40 Million From Family's Crypto Venture: Report
Barron Trump, the youngest child of US President Donald Trump, may have earned close to $40 million - $25 million after taxes - from the sale of crypto tokens linked to the family's crypto venture named World Liberty Financial, according to Forbes.
-
Maruti Suzuki Chairman Advocates Tax Cuts to Boost Small Car Market
Chairman of Maruti Suzuki, advocates for lower taxes on small cars to boost affordability and revive the segment, crucial for broader auto industry growth.
-
Karnataka Hikes Tax On Diesel, Price Rises By Rs 2 Per Litre
Karnataka government has hiked the sales tax on diesel to 21.17 per cent with effect from Tuesday, as a result of which there will be an increase of Rs 2 per litre, bringing the sale price to Rs 91.02.
-
Delhi Earned Rs 5,000 Crore From Tax On Liquor, Rs 200 Crore From Milk
Over Rs 5,000 crore was collected from taxes on liquor in the current financial year and just Rs 210 crore from milk and milk products, the Delhi government has told the Assembly
-
Maharashtra Scraps Six Percent EV Tax Plan to Boost Adoption
Maharashtra has dropped a 6 percent sales tax proposal on EVs priced above $35,000 (roughly Rs. 30 lakh) to boost adoption in India, where EV sales remain low at 2 percent of four million cars sold last year. Chief Minister Devendra Fadnavis cited unnecessary disincentivisation, while the federal goal aims for 30 percent EV adoption by 2030.
-
GST Portal Seeks Extension For Filing Return As Portal Faces Technical Glitch
The GST Network has sought an extension for filing GST sales returns after it flagged a technical glitch in its system to the Central Board of Indirect Taxes and Customs.
-
GST Council Increases Tax On Used EV Car Sale By Business
The goods and services tax council on Saturday decided to levy an 18 per cent GST on margin value on the sale of used electric vehicles by businesses and agreed to keep jet fuel (ATF) out of the 'one-nation-one-tax' regime.
-
As Justin Trudeau's Popularity Sinks, Rival Promises To End Sales Tax On New Homes
The high cost of housing in Canada has helped sink Prime Minister Justin Trudeau's popularity, especially among younger voters.
