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Recently the ministry of road transport asked finance ministry for a GST rate cut on all the hybrid vehicles in order to boost their sales and confidence in the customers of such vehicles. It is to be seen that the said agenda will be in the next GST council 37th meeting to be held in […]
In a hurry to file the GST returns, the taxpayers have now started to line up at the tax offices, GST commissionerate helplines, and at various tax professionals including chartered accountants. And to help the taxpayers with their tax returns, the GST commissionerate is also organizing various Seva Kendra. As per the GST commissioner, around […]
Only 20% of Visakhapatnam Traders have filed central goods and services tax (CGST) returns till the date and 80% of them need to urgently file the returns before the due date of 31st August 2019. The due dates for filing GST returns have been extended many times due to the complexities and cumbersome process involved […]
Rewards to homebuyers is a new hatch by the union government to innervate the growth of stagnant real estate sector along with other measures which include a proposal by homebuyers about marginally elevating the Goods and Services Tax (GST) on housing projects and cutting down the overall cost, people having deep knowledge about the development […]
Micro Small and Medium Enterprises (MSME) is surely hidden from the limelight but is the core of economic growth in the nation. The sector lacks recognition by financial governance. As per the statistics, with the GDP over $3 trillion currently, India constitutes approx 63 million MSMEs which includes 45% of manufacturing industries and 31% of […]
Good news coming up for the Mahindra and Mahindra (M&M) vehicle lovers in India. The company has just announced that it will decrease the price of e-Verito by up to INR 80,000 to pass the benefit of reduced GST on electric vehicles to the customers. The CEO of Mahindra Electric, Mahesh Babu, said, “Mahindra will […]
Now, the change in the price of Goods and Services according to the business cycle is not an issue any more. The government has liberated the companies from the applicability of anti-profiteering provision in the Goods and Services Tax (GST) law, provided they have turned over the benefits of GST rate abbreviations to consumers. An […]
Recently the Government of India (GOI) has notified that 18 per cent GST would be leviable on Information Technology (IT) and Information Technology enabled Services (ITES) companies that provide broker and intermediary services to the offshore clients.In this regard, many outsourcing units and BPOs have questioned the government’s regulation and challenged its constitutional validity. Back […]
Not later than a few years, there will be a resonance of ‘Electric Vehicles‘ everywhere in Indian Markets. One of the electric vehicle manufacturers in India, Ather Energy conveys that it will give the entire benefits to its customers of reduced GST rates entirely supporting the government’s initiative to lower the Goods and Services Tax […]
