Budget 2019: Auto Industry Demands Budget Committee To Bring Down GST Rates

Industry Body and automakers have high hopes from the upcoming budget session which can help the industry to recover from the current slowdown.

SIAM has demanded reduction in GST rates and 200 per cent weighted reduction in R&D expenses which can help the industry to recover from a slowdown.

Former Union Minister Arun Jaitley today said the Goods and Services Tax -- the flagship reform of the Modi 1.0 government which completes two years today -- has been both consumer and assessee friendly. The transformation has proved "one of the smoothest". That it was "politically safe" was proved by the BJP's performance in Gujarat, particularly Surat, which had see...

Luxury cars are often under scrutiny for being extravagant purchases, which has resulted in the cars attracting the highest taxation. However, Jaguar Land Rover India's President and Managing Director, Rohit Suri believes that the government should stop classifying luxury cars as sin goods and reduce the tax burden on such vehicles. In a statement made to PTI, the JLR...

The new Goods and Services Tax return filing system will enable traders to file returns in a single format once a month instead of multiple formats, Bihar deputy chief minister Sushil Modi, who heads the Group of Ministers (GoM) to look into revenue shortfall after the GST roll-out said on Saturday.

A simple shop selling 'kachoris' in Uttar Pradesh's Aligarh has left the commercial tax sleuths astounded.

The GST Council will consider reducing tax on electric vehicles, which are seen as more environment-friendly, and the matter is pending before it, Minister of State for Finance Anurag Thakur informed the Lok Sabha on Monday.

The automotive industry is currently facing a daunting challenge of a deep slowdown that urgently needs some form of stimulus from the Government to supplement the efforts being made by the industry in reversing the industry fortunes towards positive performance.

With the arrest of four men and unearthing of six fake firms, the Special Task Force of the Uttar Pradesh Police Friday claimed to have busted a GST evasion racket of nearly Rs 60 crore.

The Federation Of Automobile Dealers Association or FADA, has requested the GST Council of India to charge interest on the Gross Value instead of the net Input Tax Credit Value.

Prime Minister Narendra Modi-led government in its second term will implement more economic reforms, raise investment in the farm sector, provide collateral-free loans to entrepreneurs and further simplify GST to boost economic growth, President Ram Nath Kovind said Thursday.

The government will continue to take steps for further simplification of the Goods and Services Tax (GST), President Ram Nath Kovind said Thursday.

The government sent 15 senior tax officials facing probes in corruption cases to compulsory retirement, sending across a tough message to bureaucrats taking kickbacks for facilitating tax evasion by companies.

Karnataka on Saturday sought extension of the Compensation Act beyond 2022 to bridge the revenue gap likely to arise out of a shortfall in the collection of the Goods and Services Tax (GST).