- 09 Oct 2024 06:13 PM
- New
Centre seeks to enable cheaper large TVs in India, incentives for ACs too
New Delhi: Televisions and air conditioners are the next in line in electronics and appliances industries to receive a Centre-backed boost—driven by new incentives, revisions to customs duties and public procurement programmes. The most critical part of the new set of moves involves abolition of basic customs duties on open cells for television panels—which can reduce the overall pricing of large-screen TVs by a significant margin.
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- 07 Oct 2024 06:25 PM
- New
India’s carbonated soft drinks sector is struggling to expand, says ICRIER: Here’s why
India's carbonated soft drink (CSD) sector is struggling to expand due to high taxation under the Goods and Services Tax (GST) regime, revealed a report released by economic think tank ICRIER.
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- 07 Oct 2024 06:44 PM
- New
Advisory on Aadhaar Authentication & Document Verification for GST Registration in Kerala, Nagaland, Telangana
GST applicants from Kerala, Nagaland, and Telangana must follow new Aadhaar-based biometric authentication and document verification procedures, effective from October 5, 2024. As per the amendment to Rule 8 of the CGST Rules, 2017, applicants may undergo biometric-based Aadhaar authentication, alongside verification of the original documents uploaded during registration. This process involves receiving an email with either a link for OTP-based authentication or for booking an appointment at a GST Suvidha Kendra (GSK). Applicants opting for the biometric process must visit the designated GSK with essential documents, including original Aadhaar and PAN cards, along with the confirmation emails. After successful authentication, the Application Reference Number (ARN) will be generated. The GSKs operate according to the state guidelines, and it is crucial to schedule biometric verification within the specified period as outlined in the registration process.
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- 05 Oct 2024 06:23 PM
SpiceJet clears four-month pending salary of employees after GST dues; 10-month PF fee deposited
SpiceJet is signalling its intent to regain a stronger position in the competitive aviation market with plans to introduce new aircraft, expand its routes, and restore its network.
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- 04 Oct 2024 05:26 PM
India @2047: Navigating roadblocks on the path to a $30 trillion economy
Rau of Future Generali India Insurance, highlighted India’s potential to become a $30 trillion economy, but flagged challenges in labour reforms, geopolitics, and governance.
He pointed to growth in the insurance sector, led by tech and consumer demand, but called for clarity on GST in healthcare
- 02 Oct 2024 06:18 PM
Centre, states collect ₹1.73 tn in GST revenue in September
Experts said the September revenue collection figure, representing August sales, was a tad below expectations.
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- 01 Oct 2024 06:07 PM
GST-related anti-profiteering regime to end in March next year, marking shift towards free pricing
The anti-profiteering regime was intended as a transitional arrangement when indirect tax reforms were introduced in July 2017.
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- 01 Oct 2024 06:03 PM
Beverage industry seeks sugar content-based tax on aerated drinks
A tiered approach of a lower tax on drinks with less sugar will encourage more such options and boost local production and investment, says industry body.
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- 28 Sep 2024 06:24 PM
How GST 2.0 can transform the MSME sector
While the Government has shown willingness to address the sector concerns, MSMEs are looking forward for additional focus on introducing transformative and progressive reforms for its growth and the economy at large.
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- 25 Sep 2024 06:29 PM
Top Events of the Day: KRN Heat IPO opens, second phase of J&K elections, GST council meet, and more
Top Events of the Day: The second phase of Jammu and Kashmir elections is underway. The Group of Ministers on GST meets in Goa to discuss potential tax slab changes and rate revisions, aiming to refine India's four-tier GST structure.
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