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BT Online
September 19, 2017
The indirect tax body Central Board of Excise and Customs (CBEC) had earlier issued a directive to tax commissioners to verify GST transitional credit claims of over Rs 1 crore made by 162 entities.
Reuters
New Delhi, September 19, 2017
India could be forced to cut spending on key infrastructure such as railways and highways as lower-than-expected tax collections and sluggish growth have upset the government's budget calculations, two finance ministry officials said.
Reuters
New Delhi, September 18, 2017
The big worry is that economic growth, which slipped to a three-year low in the last quarter, could take a further hit if the public spending that largely underpinned expansion were to be slashed.
BT Online
September 13, 2017
Toyota Kirloskar Motor on Wednesday hiked prices of its popular SUVs and sedans such as Innova, Fotuner, Etios, Corolla. The price hike comes two days after government notified the hike in Goods and Service Tax (GST) cess on mid-size sedans and SUVs.
Chanchal Pal Chauhan
September 12, 2017
Jatin Ahuja, Founder & Managing Director, Big Boy Toyz, the biggest player in the pre-owned luxury car brands like Maserati, Ferrari and Mercedes-Benz talks to Chanchal Pal Chauhan about the impact on GST taxes.
PTI
New Delhi, September 11, 2017
The increased GST cess on mid- sized, luxury and SUV cars will come into effect from today.
PTI
Hyderabad, September 9, 2017
The meeting, the second since the implementation of GST, reviewed the functioning of GST Network -- the IT backbone and portal for registration and tax returns under the GST regime.
PTI
September 4, 2017
The all powerful GST Council may consider lowering tax on items of common consumption if the high trajectory of collections continues over the next few months, an official said today.
BT Online
New Delhi, September 1, 2017
The former Finance Minister also rejected the government's claim that after the demonetisation over 3 lakh people have come under scrutiny. "They were always under scrutiny," Chidambaram said adding that there were various ways to track people but demonetisation wasn't the way to do it.
Mail Today Bureau
New Delhi, September 1, 2017
The Indian economy has slowed down further compared with the preceding quarter when it had posted a 6.1 per cent growth rate. The deceleration is even more pronounced compared to the 7.9 per cent GDP growth in the April-June quarter of the last financial year.
BT Online
August 14, 2017
The new Goods and Services Tax (GST) regime, which was rolled out from July 1, provides for levy of 12 per cent on food bill in non-AC restaurants.
PTI
New Delhi, August 13, 2017
A uniform goods and services tax (GST) rate of 18% will be charged on takeaways as well as food served from a non-AC area of a hotel or restaurant if any of its part has a facility of air conditioning, the government has said.
Team BT
Delhi, Edition:August 27, 2017
Letters to the Editor Business Today Magazine
Mail Today Bureau
New Delhi, August 8, 2017
Mercedes-Benz, Audi, BMW and Toyota Kirloskar Motor pointed out that frequent policy changes also make it risky for them to make long-term plans for India and that it will affect their sales and expansion plans under 'Make in India' initiative.
Chanchal Pal Chauhan
August 7, 2017
Amid a cheering market response to the reduction in ex-showroom prices of up to Rs 11 lakh, following lower taxation post - GST, the luxury carmakers are crying hollow over hiked cess to 25 per cent from the earlier 15 per cent.
BT Online
August 8, 2017
If you are planning to buy an SUV or a luxury sedan, you may need to hurry up if you don't want to shell out more. The GST Council has decided to raise the cess on luxury car from 15 per cent to 25 per cent.
PTI
July 31, 2017
The government had previously asked Indian Oil, Bharat Petroleum and Hindustan Petroleum to raise rates of subsidised domestic LPG by Rs 2 per 14.2-kg cylinder per month (excluding VAT).
PTI
July 25, 2017
The proposed anti-profiteering authority under the new GST regime will take up for scrutiny only those cases that have mass impact, but it will not look at small cases of undue profits, Revenue Secretary Hasmukh Adhia said.
PTI
New Delhi, July 25, 2017
Referring to opposition of PAN-Aadhaar linkage, he said it is an "effective anti-evasion measure" and will get rid of multiple PAN cards and mismatch in income and expenditure, but it is being opposed "in the name of privacy".
PTI
July 25, 2017
Finance Minister Arun Jaitley on Monday said example needs to be set to create a deterrent against use of anonymous people to hide ill-gotten wealth, amid some politicians and their family members coming under the scanner for alleged benami deals.
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