Goods And Service Tax
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No deadline for vehicle manufacturers to switch to electric mobility: Nitin Gadkari
Tech2 News Staff •Earlier this year, the government had announced a Rs 10,000 crore budget for EV adoption.
IIP contracts after 21-months gap: What does disappointing factory output means for economy
Madan •The IIP growth numbers for March 2019 and FY19 are more than disappointing. This information comes at a time when there are not too many encouraging signals at the ground level
From GST on under-construction flats to income tax rebate, key changes kick in today; all you need to know
Fp Staff •The income tax department will give a "straight rebate" of Rs 12,500 to people having an annual income of Rs 5 lakh from the beginning of the financial year 2019-20
GST Network develops system to fetch e-way bill data into monthly sales returns to curb tax evasion
•Matching of invoices of e-way bills with the sales shown in GSTR-1 will help taxmen in assessing whether the supplies have been accurately shown in sales return
GST Council fixing agenda items without consulting states, says Andhra Pradesh FM; demands early release of unsettled IGST
•The minister, who attended the 32nd GST Council meeting in New Delhi, also demanded early release of the unsettled Integrated Goods and Service Tax (IGST) amount of Rs 7,000 crore to the state governments.
GST Council meet: MSME exemption limit doubled to Rs 40 lakh; annual turnover for composition scheme now Rs 1.5 cr
Fp Staff •Finance minister Arun Jaitley said the council has also decides to increase GST registration threshold limit to Rs 40 lakh from Rs 20 lakh
GST ministerial panels decide to hike exemption threshold for MSMEs; favour Kerala levying 1% cess for 2 years
Fp Staff •Currently, businesses with an annual turnover of up to Rs 20 lakh are exempt from the Goods and Services Tax (GST).
SoftBank Group to invest $450 million in logistics company Delhivery; Gurugram-based firm to be valued at $1 billion
Fp Staff •SoftBank's Vision Fund will invest around $350 million in Delhivery initially
Finance Minister Arun Jaitley says demonetisation was a 'highly ethical' move, not a political one
•Jaitley was speaking after releasing the BJP's manifesto here ahead of the November 28 Madhya Pradesh Assembly election
Warehousing stock eight major cities to reach 297 mn sq ft by 2021 on strong demand after GST implementation: Report
•The total warehousing space in top eight cities including Mumbai, NCR, Ahmedabad, Bengaluru, Pune, Chennai, Hyderabad and Kolkata is expected to reach 204 million sq ft by 2019