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.
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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
GST Council meeting on June 22 in New Delhi
The agenda for the meeting is not known yet.
GST collection grows 10% y-o-y to ₹1.73 lakh cr in May
The gross GST collections in the financial year 2024-25 till May 2024 stood at ₹3.83 lakh crore.
