Business Today: Latest Business News, India economy News, Stock Markets, Sensex, Mutual Funds and Indian Tax
Search

Total 117 results found. Search for [ auto sector GST rate cut ]

Results 40 to 60 of 117
Sumant Banerji
New Delhi, September 6, 2019
While the industry has been lobbying hard for a tax cut, which it believes will lead to a revival in demand, the uncertainty over whether and when it will happen or not has put it in a tight spot


Sumant Banerji
September 5, 2019
Prior to GST, hybrid vehicles were taxed at 30.3 per cent (12.5 per cent excise duty, 12.5 per cent value-added tax, 2 per cent central sales tax and 1 per cent national calamity contingent duty). Under GST, it attracts 28 per cent tax and 15 per cent cess - like big petrol and diesel luxury cars


Sumant Banerji
New Delhi, September 5, 2019
\"We should move towards alternative fuel... I am going to do this, whether you like it or not. And I am not going to ask you. I will bulldoze it. Petrol, diesel gaadi banane walo ka band bajaana hai,\" he had said in September 2017.


BusinessToday.In
September 5, 2019
Clearing the air on the government's plan for petrol and diesel vehicles, Gadkari said that the government doesn't intend to ban these vehicles.


BusinessToday.In
New Delhi, September 5, 2019
Shashank Srivastava, Executive Director of Marketing and Sales in Maruti Suzuki India said that heavy discount were a reflection of their attempt to try and push retail since inventory at both network and factory levels were high.


Reuters
September 5, 2019
India is likely to miss its fiscal deficit target for the current financial year, despite receiving an additional dividend from the the Reserve Bank of India (RBI), five government officials and advisers said, as tax collections have sunk amid a sharp slowdown.


Dipak Mondal
New Delhi, September 4, 2019
While a section of the market believes the government should slash GST rates on cars from 28% to 18% to revive demand, underwhelming monthly GST collection figures are of little comfort to the government


BusinessToday.In
September 4, 2019
The overall volume at India's top four medium and heavy commercial vehicle makers - Tata Motors, Ashok Leyland, Volvo Eicher, and Mahindra & Mahindra - fell 59.5 per cent year-on-year to 31,067 units in August


BusinessToday.In
New Delhi, September 3, 2019
Kerala Finance Minister Thomas Issac said that the central government needs to go for fiscal expansion like the one in 2009 to revive the economy and boost market sentiment


Rashmi Pratap
New Delhi, September 2, 2019
Corporate India's interest outgo is growing faster than its operating income. As sectoral issues combine with a slowdown to pull down earnings, servicing debt could become more challenging


BusinessToday.In
September 2, 2019
Finance Minister Nirmala Sitharaman kindled hopes of a GST rate cut on the same day that several leading auto players announced dismal sales figures for August. The auto industry has long called for a reduction in the GST rate from 28 per cent to 18 per cent to accommodate the downturn.


Sumant Banerji
September 1, 2019
Finance Minister Nirmala Sitharaman had on August 23 announced a few measures including 30 per cent depreciation for new vehicles and revoking the ban on purchasing vehicles for the government, to spur a turnaround but many in the industry felt the measures were too little too late.


PTI
August 30, 2019



Rajeev Dubey
New Delhi, August 23, 2019
Retracting ill-conceived steps, introducing confidence-building measures, liquidity enhancement, commitment of interest rate transmission and a lot of promises for infrastructure, home buyers and automobile sector dominated FM Sitharaman's announcements


PTI
August 23, 2019



PTI
August 23, 2019



Sumant Banerji
August 23, 2019
The hike in depreciation benefit will be valid for all vehicles bought between now and March 2020. It is expected to help clear the high inventory build up at dealerships across the country today


BusinessToday.In
New Delhi, August 23, 2019
Though Nirmala Sitharaman had earlier declined to comment on the speculations of a stimulus package, she has been meeting industry representatives for the past several days to understand their concerns


BusinessToday.In
August 22, 2019
India's largest passenger vehicle maker Maruti Suzuki India's July sales slumped 36.3 per cent (year-on-year) to 98,210 units and Ayukawa said that the company is \"concerned\" over this decline


Sumant Banerji
New Delhi, August 19, 2019
The automobile industry is in the middle of an unprecedented slowdown. With companies beginning to lay off workers, the worst is yet to come


PAGES 3 OF 6  12345