Budget 2025 Expectations: The EV industry expects the Union Budget 2025 to address GST simplification and inverted tax issues. Proposals include incentives for local battery manufacturing and consumer subsidies to enhance EV accessibility, aligning with India's goal of a 30% EV market share by 2030.
Read MoreFrom the extension of the GST return filing and payment deadline to the 90-hour work week debate to PM Modi's podcast debut with Nikhil Kamath to Los Angeles wildfires, here are today's top stories.
Read MoreGST return filing: The last date for filing December GSTR-1 is January 13, while taxpayers opting for quarterly payment under the QRMP scheme for the October-December period will be January 15.
Read MoreShares of Delta Corp climbed by as much as 7 per cent on January 10 after the Supreme Court put a hold on GST show cause notices amounting to ₹1.12 lakh crore issued to online gaming companies.
Read MoreGST Network wrote on X handle that it has sent an incident report to CBIC (Central Board of Indirect Tax) to consider an extension of the deadline, which is set to expire on Saturday.
Read MoreThe stay aims to prevent expiration of notices and address concerns from both gaming companies and the revenue department.
Read MoreUnited Spirits receives ₹1.13 crore GST notice from the Kerala government. The company has decided to appeal to higher authority, as per BSE filing. Shares closed lower on January 8.
Read MoreCongress leader Pawan Khera terming GST as Gabbar Sitharaman Tax. He emphasized the negative effects on middle-class families and farmers, and noted that even after 90 months, new circulars are being introduced.
Read MoreIndia faces macroeconomic challenges, including weak GST growth and currency fluctuations, according to InCred. However, optimism remains for IT and pharmaceutical sectors. The upcoming Union Budget is crucial for implementing fiscal measures to support growth amid these uncertainties.
Read MoreThe widespread opposition from cab unions underscores the urgent need for policymakers to reconsider GST regulations to protect the livelihoods of drivers.
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