Union Govt to reduce tax on marine diesel oil to boost coastal & inland shipping
NEW DELHI : The Union Government is looking to reduce the tax on marine diesel oil (MDO) by building consensus to bring it under the Goods and Services
India says it plans to simplify GST rate regime in coming months
NEW DELHI : India is working on simplifying the country’s sales tax regime by introducing three slabs instead of the existing four rates, a top tax official said.
E-Way Bill generation dropped to 9.66 crore in April
NEW DELHI : After recording all-time high number in March, E-Way Bill generation dipped to 9.66 crore in April. This could have some impact on Goods and Services Tax (GST) collection number
FM Sitharaman administers Oath of Office to Justice (Retd.) Sanjaya Kumar Mishra as the first Presid
NEW DELHI : Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman administered the oath of integrity and secrecy to Justice (Retd.) Sanjaya Kumar Mishra as the
SEZ units exempt from IGST on certain services from DTA players : AAR ruling
NEW DELHI : Units operating within Special Economic Zones (SEZs) could potentially be exempt from paying the integrated goods and services tax (IGST) on specified services taken from
Nitin Gadkari : ‘One hundred per cent’ possible for India to get rid of petrol and diesel ca
NEW DELHI : Shri Nitin Gadkari wants to slash GST on hybrid vehicles and has vowed to rid India entirely of the over 36 crore petrol and diesel
Interim Budget 2024: Simplified GST structure tops logistics industry wish list
NEW DELHI : With Finance Minister Smt. Nirmala Sitharaman set to present the interim budget for 2024-25 today on February 1, the logistics industry is expecting measures to
CBIC launches two-factor authentication for all e-way bill and e-invoice
NEW DELHI : The Central Board of Indirect Taxes and Customs (CBIC) has enabled two-factor authentication for all e-waybill and e-invoice systems to further enhance the security of
Indian Railways looks for ways to dodge proposed GST on Dedicated Freight Corridor payouts
NEW DELHI : The Indian Railways is exploring options to avoid a possible goods and services tax (GST) levy on payouts it makes to its exclusive freight track network. According
Digital economy playing major role in boosting India’s growth, says finance ministry
NEW DELHI : High-frequency indicators such as Goods and Services Tax (GST) collection, e-way bills, Purchasing Managers’ Index (PMI) for manufacturing, and PMI services are carrying forward the