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AUTOMOBILE TAX REFORM
GST@9: Building a more seamless, certainty-driven input tax credit frameworkA more balanced and predictable approach can help safeguard revenue, reduce disputes, enhance taxpayer confidence, and create a more effici...
PM Modi-led govt's 12 years in power are 'transformational for industry': Maruti Suzuki chairmanMaruti Suzuki Chairman R C Bhargava lauded Prime Minister Narendra Modi's economic policies. He stated these policies have transformed Indi...
12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
Global uncertainty 'opportunity for faster reform': Piyush Goyal urges industry to leverage FTAs, emerging techIndia can use global challenges to speed up reforms and build stronger supply chains. Union Minister Piyush Goyal stated that India aims to...
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...
RBI rate cut to enhance affordability, aid further growth of auto industry: SIAMThe RBI's 25 basis point interest rate cut, alongside GST reforms and budget tax relief, is expected to boost the Indian auto industry. Ind...
Next generation GST reforms led to growth in sales across sectors: FM Nirmala SitharamanNew GST reforms introduced on September 22 have spurred sales growth across India. Sectors like automobiles, consumer durables, and e-comme...
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...
GST reforms will continue, PM Modi saysPrime Minister Narendra Modi emphasized the advantages of lowered GST rates and affirmed the ongoing nature of GST reforms to bolster India...
Audi India cuts car prices by up to ₹7.8 lakh following GST 2.0 reforms; check changes for each model hereThe revised tax structure eliminates the 20–22% compensation cess previously levied on luxury vehicles, effectively reducing the overall ta...
Hyundai, Tata Motors shares in focus on announcing price cuts following GST reformHyundai Motor India and Tata Motors are set to slash vehicle prices following recent GST rate cuts. Hyundai's price reductions reach up to ...
GST Council meet begins to deliver on PM Modi's Diwali gift promise: What's coming for auto, insurance, personal care and electronic sectors?Chaired by Finance Minister Nirmala Sitharaman, the GST Council is convening for two days to discuss a significant overhaul of the Goods an...
Proposed GST rate tweaks on automobiles to end classification disputesThe Centre is planning sweeping GST reforms that could lower taxes on automobiles, now taxed up to 50% including cess. Under the proposal, ...
Net direct tax collection rises 16% to Rs 4.75 lakh cr so far this fiscalThe government has projected a growth of 9.6% for direct taxes in FY24. The direct tax collection so far are in line with other data that p...
Uniform tax on small, big cars will not augur well for auto industry growth: Maruti Suzuki Chairman"The burden of regulatory changes on the small cars is far higher than the regulatory burden on big cars and that is changing the whole mar...
Budget 2021 should focus on three 'R's: Relief, recovery and reformsLeading indicators like electricity consumption, freight, PMI and crucial data like GST collections and automobile sales point to a V-shape...
India should overhaul tax system, lower I-T rate for individuals to 15-20%: PayMate CFOPayMate's CFO Ravi Vishvanathan further said dedicated corridors can be created for manufacture of specific products like shoes, sports equ...
Modi has a message for 'growth ambassadors', 'tax black sheep': 10 key highlights from PM's interviewPM reassured all honest and law-abiding businesses that govt will make all possible effort to end the tax terrorism.
GST an opportunity to rationalise tax structure in auto sectorGST is one of the most significant tax reforms in India since independence and will further enhance the ease of doing business.
- 'India can hope for double digit growth with GST implementation'
India could hope to touch double digit GDP growth with the proposed implementation of the proposed Goods and Services Tax (GST) in a few ye...