goods and services tax
No slowdown in automobile sector, claims traders body CAIT
There is no slowdown in automobile sector. They are saying this to get a package from government, said CAIT's Praveen Khandelwal.
GST Council meets next Friday; tax rate cut to hinge on revenue position
The argument propagated has been to boost the consumption and the domestic demand by reducing GST rates further.
GST collections dip below Rs 1 lakh crore to Rs 98,202 cr in Aug
This is the second time during this year that the revenue collection from the GST slipped below the Rs 1 lakh crore mark.
GST collections rise marginally to Rs 1.02 lakh crore in July month
The July 2019 mop-up was, however, 5.8 per cent higher than the Rs 96,483 crore collected in the same month last year.
Boost for electric vehicles, GST cut to 5 from 12 per cent
The GST rate on all EVs has been reduced from 12 per cent to 5 per cent.
GST Council trims rate on electric vehicles, chargers to 5 per cent
The council also approved GST exemption for hiring of electric buses by local authorities.
GST cut on e-vehicles likely
The GST rate for petrol and diesel cars and hybrid vehicles is already at the highest bracket of 28 per cent plus cess.
Grey market sales of high-end phones causing revenue loss of Rs 2,500 cr: ICEA
The industry body has suggested imposing a maximum customs duty of Rs 4,000 on handsets priced above Rs 20,000.
7 indirect tax-related laws being amended: FM Sitharaman
The government would also be bringing changes to seven laws related to direct taxes.
Taxmen detect Rs 37,946 crore fraud in FY19
In 2018-19, 1,620 cases of fake invoicing were detected involving Rs 11,251.23 crore, and 154 persons were arrested.