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GST NOTICE TO AUTOMAKERS
GST 2.0 sparks festive buying boom, leaves automakers & electronics firms scrambling for supplyGST cut has sparked a sales surge for cars and electronics. Companies now face a challenge replenishing stocks and ensuring timely deliveri...
Consumers see savings as traders, insurers pass on GST benefits, says Finance Minister Nirmala SitharamanFinance Minister Nirmala Sitharaman reports the Bachat Utsav initiative is successfully passing GST rate cut benefits to consumers, evidenc...
Queues at car dealers, online carts piled high on Day 1 of GST 2.0 launchIndia's economy saw a boost following the GST revamp, dubbed a "savings festival" by Prime Minister Modi. Auto dealerships, especially for ...
Auto Inc takes multi-fuel powertrain driveIndian car companies are changing their plans. They are making cars that use petrol, CNG, hybrid, and electric power. The sales of petrol a...
Alto, Fronx, Brezza & more to get cheaper as Maruti Suzuki rings in GST 2.0 cuts of up to Rs 1.2 lakhMaruti Suzuki is passing on GST reduction benefits to customers, slashing prices across its range, especially on entry-level models like S-...
Festive sales hit by GST uncertainty: Retailers, automakers brace for surgeConsumer firms and retailers face uncertainty due to delayed GST rate revisions coinciding with the festive season and Shraddh period, impa...
GST's identity crisis: One nation, multiple headachesEight years since the introduction of GST, complex structures, clogged tribunals, and compliance burdens are chipping away at the ‘One Nati...
Hyundai gets Rs 15 cr tax demand noticeHyundai Motor India faces a tax demand notice of Rs 15 crore from GST authorities for the fiscal years 2020-21 and 2021-22. The demand incl...
Govt issues notices to auto majors seeking old GST duesThe central government on Monday issued notices totalling Rs 10,000 crore to automakers for failing to pay compensation cess levied under t...
What's in and what's out in 2024: Changes coming in workplace, travel, business and economyIn 2024, workplaces shift towards mandatory office presence, ending remote work era. Travel sees a rise in short trips to visa-free countri...
Maruti Suzuki receives show cause notice from GST authorityMaruti Suzuki India has received a show cause notice from the GST authority for the period between July 2017 and August 2022. The notice de...
GST directorate seeks tax on corporate guaranteesThe DGGI said the practice is a ‘service’ liable for taxation under GST as this is undertaken by the parent company to maximise the returns...
DGGI seeks higher GST from auto parts makersIndian tax authorities have raised demands for higher tax from at least 17 automotive component manufacturers over tax rates for parts used...
Auto companies told to pay 28% GST on imported plasticCarmakers now have to pay 28% GST on imported plastic goods such as ashtrays and floormats instead of 18%.
Market Movers: Govt mulls Rs 30k-cr fund infusion in PSBs; ECB to stop QE from end-Dec & moreHere’s a lowdown on top macro triggers that may move market on Friday.
need2know: 10 macro cues for your day on D-StreetThe Monetary Policy Committee (MPC) will likely vote to keep interest rates unchanged later this week.