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GST wins India Inc's vote, but businesses seek faster refunds and smarter reforms: DeloitteIndia's GST regime has achieved widespread acceptance, with digitisation and rate adjustments hailed as major successes. Businesses now pri...- NRE vs NRO income tax rules: How these NRIs, OCIs can save up to Rs 20,500 on $10,000 FD investmentNRIs can significantly reduce tax on NRE deposits in India, as this income is tax-exempt. While NRO account interest is taxable in India, N...
- NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...
- ₹50 lakh to ₹1.4 crore: How extending your PPF can add lakhs to your corpus and who should do itPPF maturity presents a choice: withdraw or extend for continued tax-free compounding. While government backing and tax benefits remain att...
- Gold and silver ETFs rally up to 15% after government raises import duty. What should investors do?Gold and silver ETFs rallied on Wednesday after prices of the precious metals surged on the Multi Commodity Exchange of India, following go...
- GST 2.0 Inverted duty structure hurts FMCG, Pharma: Expert flags concernsIndian enterprises are navigating challenges posed by the Goods and Services Tax. The inverted duty scenario is particularly affecting FMCG...
- Automotive dealers approach Supreme Court over Rs Rs 2,500 cr compensation cessThe Federation of Automobile Dealers Association has approached the Supreme Court seeking relief for Rs 2,500 crore in compensation cess th...
- Simpler on paper, complex in practice: Auto industry grapples with new GST frameworkIndia's GST Council has streamlined taxes on automobiles, shifting from a four-tier to a two-tier structure by discontinuing the Compensati...
- Banks face car loan cancellations in run up to September 22 GST rate cut-off dateCustomers are cancelling approved car loans. This is because of the Goods and Services Tax (GST) rate cut on passenger vehicles. The 56th G...
- FADA warns of stock build-up, seeks inventory discipline by automakers to protect dealer viabilityIndian auto dealers are facing financial strain due to high inventory levels, thin margins, and rising costs associated with electric vehic...
- Compensation cess accumulated in auto companies books to lapse on September 22: OfficialAuto companies face a potential loss of Rs 2,500 crore as the compensation cess on automobiles is set to lapse on September 22 with the new...
- CAG flags 'short transfer' of Rs 3.69 lakh cr in cess over decadesThe Comptroller and Auditor General (CAG) has revealed that the Centre failed to transfer approximately ₹3.69 lakh crore in cess collection...
- GTC seeks to intervene in DRI case against exporter Golden TobieThe federal agency, in an affidavit seeking dismissal of the company’s petition, said its investigation found that the petitioner doesn’t h...
- GST compensation cess may see Rs 63,000 crore shortfallCompensation cess collection for FY 2018-19 was Rs 95,081 crore, just marginally lower than Rs 96,800 crore.
- Government releases Rs 35,298 crores GST compensation to statesUnder fire over delay in GST compensation, the government today released Rs 35,298 crore to states.
- ‘Missing’ service tax credit in GST update worries companiesTax practitioners say the latest changes deny carry forward of credit for cesses, as intended, but credit for service tax has also been don...
- One year of GST: Should the government consider levying a sugar cessThe objective of a sugar cess can be the centre's way to help the distressed farmers.
- Another cess coming? GST Council may approve imposition of Sugar cessImposition of Sugar cess could mean that not just sugar, but prices of products like sweets, confectioneries, chocolates etc. which use sug...
- Petrol, diesel prices may be hiked to fund fuel upgradePetrol and diesel prices will be hiked by 75 paise a litre each if the govt accepts panel report that recommends fuel standards be upgraded.
- Budget 2013: Cut excise duty on inputs to 6%, says OPPIThe OPPI has pitched in for the rationalisation of central excise duty rate of inputs (Active Pharmaceutical Ingredients or API) from 12% t...
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