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EXPORT FREIGHT GST
Indian retail auto sales rise 9.6% in May; dealers see monsoon-driven demand aheadIndian auto retail sales grew 9.6 percent in May, overcoming heat and fuel price concerns. Passenger vehicles led the surge, with rural mar...- RBI MPC: India's Goldilocks moment dims, but the lights are not outIndia's economic "Goldilocks moment" is shifting as the RBI raises its inflation forecast and lowers growth projections due to external sho...
- Resilient, not shock-free: India charts path through war jittersIndia's economy faces challenges from the West Asia conflict. Rising oil prices and trade disruptions are impacting India. However, strong ...
- India's auto demand to hold steady for 2-3 quarters, but global risks loom over exports, marginsIndia's auto sector is set for continued strong demand for the next 2-3 quarters. Elevated growth is anticipated through CY26. This positiv...
- Nestlé India flags Iran war risks, holds prices amid cost pressuresNestle India faces economic challenges including the Iran war, inflation, and a weak monsoon prediction. The company is increasing advertis...
- IMEC momentum to boost Karnataka exports amid global trade disruptionsBengaluru exporters are poised to thrive as the India-Middle East-Europe Economic Corridor gains traction. This innovative route presents a...
- India's commercial vehicle volumes to hit 12.4 lakh units in FY27 surpassing previous peak: CrisilIndia's commercial vehicle sector is set for a record year in fiscal 2027, reaching 12.4 lakh units. Growth is expected to settle at 5-6 pe...
- West Asia war: Morbi-Thangadh ceramic clusters gasp for gas, units shut, losses mountSince the beginning of the war, these two clusters are struggling due to a shortage of propane, with many units closing shops.
- 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...
- Passenger vehicle dispatches rise 16% to 4,42,460 units in March: SIAMIndia’s auto industry saw strong growth in March, with passenger vehicle dispatches rising 16% year-on-year to 4.42 lakh units, according t...
- From $300 to $8,500 freight: West Asia war squeezes UP MSMEs, delays stretch to 60 daysExporters report shipment delays of up to 60 days, 20-30% cost escalation, and growing order uncertainty due to the West Asia conflict.
- GST on transportation services - navigating through turbulent watersThis resulted in taxing the transportation of export cargo by the Indian transporters / freight forwarders, liable to Integrated GST (IGST)...
- Merchandise exporters to pay 18% GST on shipping costs: GovtCurrently, the export freight rate charged by Indian shipping lines to Indian exporters is taxable while freight charged by foreign shippin...
- Exporters may have great festive season amid withdrawal of GST exemption on outbound international freightThe pandemic resulted in severe supply disruption across the globe, and as result the freight rates are much higher today than it was durin...
- Commerce and Industry Minister Piyush Goyal to meet export promotion councils on October 7The meeting assumes significance as India's exports contracted by 3.52 per cent to USD 32.62 billion in September against USD 33.81 billion...
- Traders want GST exemption extended on export freightThe exemption from GST on export freight, introduced in 2018, ended on September 30 after being extended twice. Exporters now have to pay 1...
- Exporters urge FM Nirmala Sitharaman to extend GST exemption on export freightMembers of the Federation of Indian Export Organizations (FIEO) have expressed their concern over the exemption not being extended, they st...
- Exporters seek GST extension on export ocean freightIn a letter to finance minister Nirmala Sitharaman on Sunday, the Federation of Indian Export Organisations (FIEO) said that overseas freig...
- Taxpayers can now claim refund of IGST on ocean freight: Experts on SC judgementTax Connect Advisory Services Partner Vivek Jalan said this is a big relief for importers and GST taxpayers. "In fact those taxpayers who h...
- 'GST on international freight to make air cargo non-competitive'Under the previous system freighters were not liable to pay any tax under the service tax regime,while now they have to pay 18 per cent GST.
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