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Anand Mahindra.

Lowering GST on automobiles would help the economy: Anand Mahindra

Vehicle sales across categories registered a decline of 8.62 per cent to 20,86,358 units from 22,83,262 units in May...

26 Jun 2019 1:36 PM IST

GST, which will replace more than a dozen central and state levies like factory-gate, excise duty, service tax and local sales tax or VAT, is Indias biggest tax reform in the 70 years of independence. (Phtoto: Representational/PTI)

GST council to introduce new GST return system

A transition plan has been worked out, said an official release on 31st meeting of GST Council, said an official...

11 Jun 2019 3:38 PM IST

The Enforcement Directorate (ED) is set to register three separate cases to probe the alleged irregularities in certain contracts awarded by the Delhi governments Public Works Department (PWD).

Multi-crore fraud: ED raids BJP ally

The Enforcement Directorate's investigation is based on a FIR filed by the Maharashtra police in connection with the...

7 Jun 2019 7:26 AM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

IGST credit accrued in FY18 won't lapse even if not availed, assures...

The ministry said that many taxpayers have raised a concern about annual return form GSTR-9.

4 Jun 2019 6:06 PM IST

Traffic congestion at Marine Drive in Mumbai.

GST cut on auto, incentive to scrap old vehicles on SIAM's budget wish...

In April, passenger vehicles sales witnessed the steepest decline in nearly 8 years with sales dropping by 17.07 per...

2 Jun 2019 11:31 AM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

Boost for electric vehicles, GST cut to 5 from 12 per cent

The GST rate on all EVs has been reduced from 12 per cent to 5 per cent.

28 July 2019 6:29 AM IST

Electric vehicle is the future transport.

GST Council trims rate on electric vehicles, chargers to 5 per cent

The council also approved GST exemption for hiring of electric buses by local authorities.

27 July 2019 1:06 PM IST

In a move to encourage domestic manufacturing of e-vehicles, the Goods and Services Tax (GST) Council is likely to decide on lowering tax rates for electric vehicles soon.

GST cut on e-vehicles likely

The GST rate for petrol and diesel cars and hybrid vehicles is already at the highest bracket of 28 per cent plus cess.

22 July 2019 7:38 AM IST

Concept video previews iPhone 11R.

Grey market sales of high-end phones causing revenue loss of Rs 2,500...

The industry body has suggested imposing a maximum customs duty of Rs 4,000 on handsets priced above Rs 20,000.

21 July 2019 3:37 PM IST

Finance Minister Nirmala Sitharaman

7 indirect tax-related laws being amended: FM Sitharaman

The government would also be bringing changes to seven laws related to direct taxes.

18 July 2019 3:00 PM IST

The other banks which reported large number of frauds to the apex bank during the period include Axis Bank (189), Bank of Baroda (176) and Citibank (150). (Representational Image)

Taxmen detect Rs 37,946 crore fraud in FY19

In 2018-19, 1,620 cases of fake invoicing were detected involving Rs 11,251.23 crore, and 154 persons were arrested.

16 July 2019 4:34 PM IST

Hyundai sells several low-priced vehicles in India, which could pose a challenge in terms of market positioning for Kia.

Kona SUV to be cheaper on GST cut

Services Tax from the present 12 per cent to 5 per cent on electric vehicles has been shared with the GST Council.

16 July 2019 2:00 AM IST