Kerala Imposes Flood Cess In Addition To GST, A First In India

A year after the worst floods in almost a Century, Kerala has become the first state to impose an additional cess. Starting August 1, Kerala will be implementing 1 per cent Flood Cess, apart from the Goods and Services Tax (GST), with the aim to generate funds for rebuilding the state.

State Bank of India or SBI has decided to do away with IMPS (Immediate Payment Service) charges for its internet banking, mobile banking and YONO (You Only Need One) customers.

Government's proposal comes at a time when the auto industry has been witnessing decline in sales and automakers are demanding reduction in GST rates to uplift sales.

It also slashed the Goods and Services Tax (GST) on EV chargers from 18 per cent to 5 per cent, an official statement said after the 36th meeting of the council.

The GST or Goods and Services Tax Council on Saturday decided to reduce the rates applicable to electric vehicles (EVs) and the chargers used for such vehicles. In a statement released after the conclusion of its 36th meeting, the GST Council said it had decided to revise the rates applicable to electric vehicles and electric vehicle chargers to 5 per cent each with e...

The centres demanded the finance minister to either scrap the 18 per cent GST on coaching education or reduce it to the lowest GST slab, said Lalit Maheshwari, an official at Allen Career Institute, Kota.

NITI Aayog Vice Chairman Rajiv Kumar has voiced confidence that India will achieve economic growth of 8 per cent plus from fiscal year 2020-21 onwards as structural reforms like the GST are set to produce the benefits.

The auto industry has been going through a slump in volumes since the past eight months and sales continue to remain disappointing as we move into the ninth month of this de-growth. Luxury carmakers have been equally affected by the slowdown and manufacturers collectively asked for relief in the GST rates that might work as a short in the arm for the Indian auto indus...

The changes would ensure that indirect taxation-related matters would have greater simplicity, Finance Minister Nirmala Sitharaman said.

PAN card online apply: A PAN card holder need not file an income tax return (ITR) on a mandatory basis unless he/she is liable to file one under Section 139 of the Income Tax Act. A PAN card applicant is required to pay a fee of Rs 93 (excluding GST). One can apply for a PAN card online as well as offline (by visiting a PAN centre).

IRCTC Tourism's package includes air tickets, breakfast, lunch and dinner, GST, accommodation in deluxe hotels and one night stay in a house boat.

Auto experts say that if sales continue to drop further, the industry may a face problem to sustain margins, given the advent of emission and safety norms which require automakers to hike prices. SIAM also says that further decline in sales would affect GST revenue collection as well.

Homegrown EV manufacturer Ather Energy has commenced its operations in Chennai, its second market after Bengaluru. The company held its first customer event last weekend in the city, and has also begun accepting pre-bookings for its electric scooters for a token amount of Rs. 5000. The Ather 450 is priced at Rs. 1.31 lakh, while the entry-level Ather 340 is priced at ...

Finance Minister Nirmala Sitharaman did not announce any relief for vehicles running on diesel and petrol in the Union Budget 2019. But a temporary reduction in GST rates is the need of the hour to boost auto industry sales says Mahindra & Mahindra - Managing Director, Dr. Pawan Goenka. Speaking to journalists post the Union Budget 2019 announcement on Friday, Dr. Goe...