Ease of doing business now an impetus to India’s growth
India had ranked 133rd in World Bank’s Ease of Doing Business Report in 2009. In a decade it took a giant leap and was ranked 63rd in 2019.
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October 2024
September 2024
August 2024
July 2024
June 2024
GST Council Meet: Key takeaways
Here’s a look at the major outcomes announced at the post-meeting press conference.
GSTN rolls out new invoice system to enhance ITC claims; here's how it'll work
Starting October 1, 2024, this feature will help taxpayers streamline, manage, and correct invoices, thereby improving the accuracy of Input Tax Credit (ITC) claims.
Infosys shares slide over 1% on tax notice of ₹32,403 crore
The IT major has claimed that it “paid all its GST dues and is fully in compliance with the central and state regulations on this matter”.
Taxman lays claims for ₹32,403 cr GST dues from Infosys; Co says fully compliant
A pre show cause notice has been issued by both the Karnataka State GST authority as well as Directorate General of GST Intelligence (DGGI).
Budget 2024: EV industry wants GST rate rationalisation, investment in charging infra
Expanding EV infrastructure is essential for promoting widespread EV adoption in India, say industry executives.
5% GST on aircraft parts to boost MRO industry: Govt
The move is aimed at making India a global aviation hub.
India needs a 10-year roadmap for EVs: Mercedes-Benz India MD & CEO
There is no need to incentivise hybrid cars as they only improve fuel efficiency and don’t offer zero-emission driving, says Santosh Iyer.
States need to agree on GST rate on petrol, diesel: FM
The intent of the Central government even as the GST was implemented was that eventually at some time, petrol and diesel could be brought under GST.
CGST notices sent to less than 2% of active assessees: FM
The government's intent is to make the life of a GST assessee easier, says Nirmala Sitharaman
