GST
- India
GST rationalisation: Cars, two-wheelers likely to get cheaper
Mumbai: In the upcoming Goods and Services Tax (GST) rate rationalisation, the Centre is expected to lower the tax on passenger vehicles (PVs) and two-wheelers, making them more affordable ahead of Diwali.…
- India
Modi urges states to cooperate in implementing proposed GST reforms
New Delhi: Prime Minister Narendra Modi on Sunday said the Centre has circulated the draft of the next-generation GST reforms among states and sought their cooperation to implement the proposal before Diwali.…
- Stock Market
Market outlook: Global events, GST reforms, FII trends to drive Dalal Street
Mumbai: The Indian stock market will take cues from a mix of global and domestic triggers when it reopens for trading this week after the Independence Day holiday. Experts say factors such…
- News
‘Next Gen GST’ precursor to eventual single tax slab GST: Sources
New Delhi: Describing the proposed GST tax reforms as ‘Next Gen GST’, senior government officials on Saturday said that the two-slab tax regime will eventually pave the way for a single sales/services…
- India
India’s logistics sector to clock 10.7 pc growth till 2026, create millions of jobs: Centre
New Delhi: India’s logistics sector, valued at $215 billion in 2021, is well-positioned for strong growth with an expected compound annual growth rate (CAGR) of 10.7 per cent till 2026, government data…
- Business
Finance ministry proposes 2-tier GST structure, special rates on select items
New Delhi: The finance ministry on Friday said it has proposed a two-slab GST rate structure to the Group of Ministers (GoM), along with special rates for select few items, as the…
- India
GST fraud: ED conducts raids in multiple states
New Delhi: The Enforcement Directorate on Thursday conducted fresh searches in Jharkhand, West Bengal and Maharashtra as part of a “fake” GST invoices generation case to the tune of Rs 750 crore,…
- Hyderabad
Hyderabad: Commercial taxes dept detects new GST fraud via fake bills
Hyderabad: Commercial Taxes Department here unearthed a major Goods and Services tax (GST) evasion scam by a city-based company named. Keshaan Industries LLP, the company, was found indulging in ‘unprecedented tax fraud’…
- Hyderabad
Telangana commercial tax sleuths uncover Rs 100 cr evasion
Hyderabad: In a significant enforcement action, the Telangana State Commercial Taxes Department has unearthed a major and unprecedented tax fraud involving Keshaan Industries LLP, a Hyderabad-based private firm. Acting on credible intelligence,…
- Business
Top 18 Indian states to see an uptick of 7-9 pc in revenue growth this fiscal: Report
New Delhi: Revenue growth of India’s 18 largest states, which account for over 90 per cent of the gross state domestic product, is likely to witness a uptick at 7-9 per cent…
- Business
No plan to levy GST on UPI transactions exceeding Rs 2000, reiterates Centre
New Delhi: The government has reiterated that there is no plan to levy goods and services tax (GST) on unified payments interface (UPI)-based transactions exceeding Rs 2,000. Pankaj Chaudhary, Minister of State…
- Hyderabad
Hyderabad firm booked for Rs 6.25 cr GST fraud using fake address, bills
Hyderabad: A huge GST fraud case has surfaced in Hyderabad, where Bala Corporation, proprietor Nasari Vinod Kumar, has been accused of making fraudulent GST registration and using it to claim and avail…
- Bangalore
Bengaluru vendors dump UPI, return to cash to avoid GST crackdown
Small businesses and street vendors in Bengaluru are abandoning digital payments and reverting to cash transactions. The move comes after a recent GST compliance crackdown by the Commercial Taxes Department. Earlier, authorities…
- Business
GST Council meeting soon, tax slab rates & compensation cess key review points
New Delhi: The Goods and Services Tax (GST) Council is expected to meet soon to review the tax regime. This could be the most significant review since the scheme was announced on…
- Business
India projected to clock 6.8-7 pc growth in Q2: HSBC
New Delhi: India’s GDP growth is projected at 6.3 per cent in current fiscal (FY26) despite external headwinds, an HSBC report said on Wednesday, adding that with 70 per cent of the…
