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Gandhinagar, Oct 14 (PTI) Assocham seeks from the center to draw industrial use CNG and LPG beneath the compliance of GST so as to make the cost of production low. As these natural gases which are practised as fuel in various industries do not cover beneath GST at the current times, the entrepreneurs shall not […]
Beneath the previous electronics manufacturing incentive policy the manufacturing units given the goods and service tax (GST) worth Rs 35,634 cr in which the provided subsidy was just Rs 1021 cr which shows that the substantial cost advantage for the government which the GST will only enhance below the new production associated incentive (PLI) policy. […]
Recently the Ministry of Corporate Finance along with a discussion with the government, made some of the latest tax rate amendments in the company of a domestic nature. The updated corporate tax rates were introduced in the Income Tax Act 1961. Latest Update 03rd January 2023 Applicable tax rates for specific domestic companies (Section 115BAA) […]
US President Donald Trump, in his first address to a joint session of Congress, declared that reciprocal tariffs would come into force on April 2, supporting his administration’s perspective on trade policy. He attacked the European Union, China, Brazil, India, and South Korea for imposing high tariffs on US goods. “We will match whatever tariffs […]
Micro, Small, and Medium Enterprise (MSME) stakeholders have asked the government to execute the GST reductions, technology upgrades, and extend Production-Linked Incentive (PLI) advantages before distinct sectors in the pre-budget meeting with Finance Minister Nirmala Sitharaman. The motive of the interaction to collect the inputs for the Union Budget 2025-26 is scheduled for the presentation […]
Subrahmanyam Pulipaka, the CEO of the National Solar Energy Federation of India, is pushing for the establishment of a national Electricity Council, akin to the GST Council, to streamline India’s renewable energy policies. He believes that such a council would effectively address policy disparities among states, fostering a more favourable business environment in the renewable […]
This step has been taken by the Government of India in response to the regular grievances made by some states. The Government of India, in the context of fiscal woes of states regarding vaccination for Covid 19, has made a new vaccination policy. As per new policy, the Centre has consented to contribute three-fourth of […]
At present time, GST at 5% applicable on Rice bran (before oil extraction) and crude rice bran oil but de-oiled rice bran oil are out of the GST radar. However, now the Department of Food and Public Distribution is suggesting North Block to levy GST at 5% on de-oiled rice bran (DORB). As per a […]
The special secretary and member Vivek johri has recently issued a letter to its colleagues which stated that there might be multiple changes in the union budget of 2021-22 which would be presented in Jan/Feb 2021. In the amendment, it has been suggested that there would be changes in the duty rates and rationalization of […]
