- 09 Jul 2024 06:20 PM
- New
Ideal taxation: At least assure investors of tax stability as a principle
Last checked, US-based Tesla had not taken the bait of India’s policy package unveiled in March to attract global makers of electric vehicles (EVs), though Vietnam’s VinFast may qualify for its benefits—which include low-tariff imports of EVs worth under $35,000 apiece for five years—and Germany’s famous Mercedes-Benz has it under consideration.
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- 09 Jul 2024 06:15 PM
- New
Xiaomi aims to double shipments of devices in India by 2034
The company aims for 55% localization of smartphone parts in India, over the next two years.
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- 08 Jul 2024 07:05 PM
- New
E-way bill generation moderates but remains above 100 million in June
It is the fourth time e-way bill generation has crossed the 100-million mark. The country saw 103.1 million e-way bills in May and a record 103.5 million e-way bills in March. Last year, it surged past 100 million in October
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- 08 Jul 2024 07:02 PM
Budget 2024 expectations: ‘Need balanced tax structure for economic resilience’
Anurag Mittal of UTI AMC says, while government welfare spending has increased, the tax burden on individuals compared to corporates needs to be addressed to boost disposable income and consumption.
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- 08 Jul 2024 06:56 PM
Income tax cuts in Budget: A half-hearted recipe to fix India’s consumption woes
If media speculation is to be believed, income taxpayers could be in for some relief when finance minister Nirmala Sitharaman presents the Union Budget for 2024-25 in two weeks. There was none in the interim Budget in February—but the context has changed, courtesy of the ruling party's electoral disappointment and a windfall dividend transfer from the Reserve Bank of India (RBI), along with the growing anxiety over weak consumption.
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- 08 Jul 2024 06:59 PM
What are the key changes proposed in the new excise bill?
Introduction of new excise bill aims to streamline tax compliance by aligning with GST laws, focusing on tobacco and petroleum oils. Changes include removing SEZs exemption, introducing central excise duty credit, and allowing regularisation of non-levy or short levy of excise duty.
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- 06 Jul 2024 06:39 PM
Bajaj Auto launches world’s first CNG motorcycle at ₹95,000, urges lower GST on two-wheelers
The Freedom is powered by a 125cc petrol engine, and is equipped with a 2kg CNG tank and a 2-litre petrol tank, but it can run entirely on CNG. The company claims a mileage of 102 km per kg on CNG and 65 km per litre in petrol mode.
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- 06 Jul 2024 06:44 PM
53rd GST Council Meeting: Impact Analysis by ICMAI
Source: https://taxguru.in/goods-and-service-tax/53rd-gst-council-meeting-impact-analysis-icmai.html
The 53rd GST Council Meeting recommended waiving interest and penalties on demand notices for FY 2017-18 to 2019-20 under Section 73 of the CGST Act, provided the full tax is paid by March 31, 2025. The time limit to avail input tax credit for invoices or debit notes was extended to November 30, 2021, for GSTR 3B returns filed up to that date for FY 2017-18 to 2020-21.
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- 05 Jul 2024 05:34 PM
The week in numbers: GST gloom, capex slowdown, startup funding
Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. The Goods and Services Tax (GST) monthly collections grew at the slowest pace in three years in June, while capital expenditure plans slowed to a multi-year low. Meanwhile, the funding winter ended for the Indian startups, with higher funding and deals in June.
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- 04 Jul 2024 05:53 PM
Heads Up, PayZapp Users! HDFC credit card loads cost more from August
HDFC Bank introduces 1% charge on rent and educational payments made through third party apps like CRED, PayTM, Mobikwik, and Freecharge with a max fee of ₹3000 per transaction. Charges reduced for transferring PayZapp wallet funds to bank accounts from 2.5% to 1% plus GST from August 1.
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