Large taxpayers may soon have fully automated tax compliance systems
India’s large taxpayers—including corporates, foreign institutional investors and multinational companies—could soon move towards fully automated tax filings and compliance, as the central government opens up Application Programming Interface (API) access …
BHEL gets tax relief as Telangana tax department drops ₹183.77 crore GST demand
Bharat Heavy Electricals Limited (BHEL) on Friday, January 2, said the Telangana Commercial Tax Department has dropped a ₹183.77 crore GST demand along with interest and penalty for FY22, providing …
Britannia gets Rs 108.5 crore GST order over alleged Input Tax Credit irregularities
Britannia Industries has received a goods and services tax (GST) order demanding Rs 108.5 crore in tax along with an equivalent penalty and applicable interest, the company said in a regulatory …
ISMA seeks GST parity for flex-fuel vehicles, higher ethanol blends in Union Budget
The Indian Sugar and Bio-energy Manufacturers Association (ISMA) has urged the government to rationalise GST on flex-fuel vehicles and higher ethanol blends in the upcoming Union Budget, saying the move …
Car sales zoom 26% in Dec on GST cut, year-end rush
Domestic passenger vehicle (PV) wholesales jumped 25.8 per cent year-on-year (Y-o-Y) TO 405,000 units in December, driven by sustained demand after the goods and services tax (GST) rationalisation in September …
Taxing times for ITC, Godfrey Phillips
Stocks of major cigarette makers ITC and Godfrey Philips saw a massive slump on Thursday after the government announced additional taxes on cigarettes and various tobacco products …
States to benefit from new GST rates on pan masala, cigarettes, tobacco products
With the new GST mechanism for pan masala, cigarette and tobacco products coming into effect from February 1, the States will have a higher share of revenue, said sources. Also, …
Net local GST mop-up dips 5% in Dec as festival sales end
With the end of festival sales and refunds surging, net domestic collection of the Goods and Service Tax in December declined over 5 per cent, data made public on the …
FICO demands immediate release of GST refunds
The Federation of Industrial & Commercial Organisation (FICO) has slammed the Punjab government over prolonged delay in releasing GST refunds to manufacturers and commercial units. The industry body has demanded …
Eicher Motor’s arm VECV receives Rs. 192 crore GST demand, plans to contest
Eicher Motors Ltd on Thursday said its subsidiary VE Commercial Vehicles Ltd (VECV) has received a GST demand of Rs. 192.36 crore, including penalty, in a case related to the …
