Automakers' joy ride hits a big cost hurdleRising input costs and freight charges, driven by the West Asia crisis, are pressuring automakers to increase vehicle prices. This surge in...
SC reviews GST on costs paid to municipal bodiesThe Supreme Court will review if GST applies to companies paying municipal bodies for road restoration after utility work. This follows a G...
Atomic impact: Nuclear-powered AI infrastructure could be India’s geopolitical moatIndia's nuclear advancements, including the Kalpakkam PFBR and plans for small modular reactors, are set to power its ambition to become a ...
Has the GSTR-3B return filing due date for the March 2026 tax period been extended?Tax professionals are struggling to file GSTR-3B for March 2026. The GST portal is experiencing significant slowdowns, preventing logins an...
Auto sales hit record high in FY26 as tax cuts, rate easing drive demandIndia’s automobile sales hit a record high in FY26, driven by tax cuts, lower interest rates and revised income tax slabs, according to Soc...
ET Graphics: The big winners of GST 2.0GST tax rates on common use items ranging from hair oil to corn flakes, TVs, and personal health and life insurance policies were slashed a...
New GST amnesty scheme notified: Waiver of interest and penalty on GST tax demand for eligible taxpayers to be effective from November 1, 2024Waiver of GST tax demand interest and penalty: The Ministry of Finance has notified the rules and conditions to follow if you need to use 1...
GST tax demand not settled despite payment? New online form notified to help taxpayers adjust tax demand amount; here's how to do itGST: New GST form DRC-03A enabled on the GST portal. This form will help you adjust tax demand already paid with a specific tax demand orde...
Raise GST exemption threshold to Rs 1.5 cr, do away with state-wise registration of biz: GTRIThe reduced load-on system will allow the GSTN to introduce an invoice-matching concept, resulting in 100 per cent compliance and solving t...
Two members of the RBI's rate-setting panel flag GST hike as upside risk to inflationExternal members of the Monetary Policy Committee, Ashima Goyal and Shashanka Bhide, underlined the recent hike in GST tax on some of the c...
Notices to firms after mismatch in GST tax creditsThe GST framework allows companies to set off part of their future tax liability against GST paid by them on the raw materials sourced from...
GST, excise, service tax evasion of Rs 48,555 crore detected during Apr-Dec 2018Of this, investigation in 3,626 cases of GST evasion/violations was initiated till December in the current financial year by Central GST (C...
Now, only 35 goods in highest tax bracket of GSTThere were around 226 goods in the 28 per cent category when Goods and Services Tax (GST) was implemented on July 1, 2017.
Multiple rates a key problem with present GST: Bibek Debroy"Please understand these multiple rates are coming from... this desire to drive other ends through indirect tax policy and other concerns o...
GST can help households save nearly Rs 5,000 in a yearWhile price of daily-use food items like vegetable, fruits, milk, rice, flour, and pulses will remain unchanged under the GST, that of pack...
GST Council to meet tomorrow to finalise rules for new tax regimeThe Lok Sabha yesterday cleared four supplementary GST legislations -- Central GST (CGST), Integrated GST (IGST), Union Territory GST (UTGS...
GST tax rate: How D-Street looks at the fineprintsWhile some marketmen showed hopes that the GST implementation would be a reality by September next year, other showed faith in April implem...