Union Budget 2021: Two-Wheeler Manufacturers Looking For GST Rate Relief And EV Incentives

Finance Minister N Sitharaman is all set to present the Union Budget for FY2021-22 on February 1, 2021 and the auto industry, the two-wheeler sector in particular is looking for some support from the government for the coming year.

Electric vehicle manufactures are seeking extension of the FAME-II scheme, lower GST and import duty cuts to accelerate growth of the segment.

Congress leader Rahul Gandhi on Saturday said his party is committed to reconceptualising the Goods and Services Tax (GST) regime if voted to power at the Centre and assured ushering in ''one tax, minimum tax."

Taking a dig at Congress leader Rahul Gandhi after he said the United Progressive Alliance (UPA) will restructure Goods and Services Tax (GST) after coming to power, Minister of State for Home Affairs G Kishan Reddy on Sunday called the Wayanad MP an ''outdated'' politician, and said UPA will not come to power in his lifetime.

Having been at loggerheads with the Modi government over several issues such as GST dues, Jharkhand Chief Minister Hemant Soren has accused the Centre of acting "unilaterally" on several important matters and said states must be consulted to uphold the spirit of cooperative federalism.

The Directorate General of GST Intelligence (DGGI) has busted fraudulent transactions of Rs 498.50 crore by 26 entities across Maharashtra, an official release said.

The GST department has unearthed Rs 831 crore tax evasion by an unregistered gutkha manufacturing unit in the national capital.

Odisha Goods and Services Tax (GST) Commissionerate busted tax invoice fraud to the tune of Rs 510 crore and arrested its mastermind, Sandeep Mohanty in Cuttack, an official said on Friday.

The CBI has arrested three GST officials and a private individual in a Rs 10-lakh bribery case involving tax issues of an Odisha-based education trust, officials said Wednesday.

A small, rusted metal bowl, two wooden spoons and a wooden fork -- once used by Mahatma Gandhi -- will be sold at an auction in Bristol, United Kingdom, on January 10 at an opening price of GBP 55,000 which, after adding auctioneer's commission, GST, insurance, freight and Indian customs duty on import of antique items would all add up to Rs 1.2 crore.

The Directorate General of GST Intelligence (DGGI) has arrested two proprietors of trading firms from Aurangabad in Maharashtra in connection with alleged fraudulent transactions of over Rs 170.35 crore, as per an official release.

Supreme Court Thursday held that the levy of Goods and Services Tax (GST) on lotteries, betting and gambling does not amount to hostile discrimination and is not violative of right to equality under the Constitution.

AMD Radeon RX 6800 XT graphics card will cost Rs. 64,990 (SEP) in India. This price is exclusive of GST. But the company has not shared exact dates for its availability.

The COVID-19 situation in West Bengal is being addressed aptly, Chief Minister Mamata Banerjee told Prime Minister Narendra Modi during a video conference today, an official said.