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The automobile industry has sought 5% GST on two-wheelers running on flex fuel, at par with those powered by electric powertrains, to further the government’s push toward bringing vehicles that help reduce oil imports.
The use of blended fuel also provides farmers with an additional source of income in the world’s second largest farm output sector.
Read more at: Economic Times
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Life Insurance Corporation of India Ltd. has been hit with penalties totalling Rs 230 crore from the Goods and Services Tax authorities in Telangana and Tamil Nadu, according to exchange filings on Friday.
Post Views: 663 Holding companies that have extended corporate guarantees to their subsidiaries in India are embroiled in litigation relating…
The Restaurant sector is seeking industry status and restoration of input tax credit from the government. In a letter written to the Finance Minister Nirmala Sitharaman, the National Restaurant Association of India (NRAI) has sought certain policy and budgetary support to fuel the growth of the industry including simplified licensing regime and targeted subsidy scheme.