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Nitin Gadkari, the Minister for Road Transport & Highways, has declined reports suggesting his intention to introduce an extra 10% GST on diesel vehicle purchases, through a post on the social media platform X (formerly known as Twitter). The necessity for clarification arises due to false media reports indicating an additional 10% GST increase on […]
Goods and service tax and demonetization both have called for an attack on all the illegal transactions and business avenues which were earlier happening in the Indian economy with its money stashing and tax evasion issues, and now the Minister for Shipping, Road Transport, and Highways Mr. Nitin Gadkari has also emphasized on this same utilities in a positive manner.
Introduced the Goods and Services Tax Bill in Dec 19, 2014, since, it is being rubbed between the politics’s quarreles. Now, the Road Transport Minister, Mr. Nitin Gadkari said that the main opposition party, Congress do not want to back the Constitution Amendment bill, they will be isolated. Our party is hopeful about the passage of the GST Bill.
Although the GST Council has not mandated a tax reduction on lithium-ion batteries used in Electric Vehicles (EVs), many players in the industry remain optimistic about maintaining growth, though at a slower pace. They are actively seeking government support to expedite the adoption of EVs in India. Rather than concentrating solely on the current use […]
According to sources, the proposal to reduce the goods and services tax (GST) rate on electric vehicle (EV) batteries has been rejected by the GST Council’s fitment committee. The Electric Vehicle industry had requested a reduction from 18% to 5% for GST on batteries, but the committee has recommended maintaining the current rate. Members of […]
On Wednesday, the Federation of Automobile Dealers Associations (FADA), the apex national body of the automobile retail industry requested to reduce GST on entry-level two-wheelers from 28% to 18%. A letter was submitted by a delegation of the body to Nitin Gadkari, Minister of Road Transport and Highways (MoRTH) regarding the request. GST rate reduction […]
The financially strapped Kerala government intends to request that the Central government consider waiving the royalty on earth/boulders and refunding the State Goods and Services Tax component for the National Highway projects in the state—the Ernakulam Bypass and Kollam-Shenkottai NH. The State has already asked the Centre to waive the proposed 25% State share of […]
The government is thinking about the proposal on the concession of tax on the vehicles that are bought after scrapping old vehicles beneath the launched national automobile Scrappage Policy, Union Minister Nitin Gadkari. Final Call by FinMin, GST Council Beneath the national automobile scrappage policy, the union government mentioned that the states and the Union […]
Good news for entrepreneurs who are planning to venture into Micro, Small, and Medium Enterprises. The Minister for Micro, Small, and Medium Enterprises (MSME), Shri Nitin Gadkari declared the simplification of the process of registration for Micro, Small, and Medium Enterprises. Shri Gadkari in an event announced that now only Aadhaar and PAN shall be […]
