Sign of revival in automobile sector; coming six-week festive season will be decisive, says Mahindra's MD Pawan Goenka
"If the sale remains encouraging, the automobile sector will gather pace," Goenka said
Scrips of hotel companies zoomed in the morning trade on Monday by up to 9 after the GST council cut tax on hotel room tariffs
GST Council meets tomorrow to decide on tax moderation; industries seek relief amid economic slowdown
Amid the clamour for a rate cut by various industries, the all-powerful GST Council will hold a crucial meeting on Friday to decide on tax moderation, keeping in mind the revenue position and the need to boost sagging economic growth
Hero MotoCorp on Thursday urged the government to consider a phase-wise reduction in GST on automobiles, cutting rates for two-wheelers in the first stage, and deferring tax cut on four-wheelers to a later stage
Ahead of GST Council meet, fitment panel rejects tax rate cut for auto, biscuits; favours relief for hotel industry
Ahead of the crucial GST Council meeting on Friday, a committee of officials has rejected demands for a cut in tax rate on items ranging from biscuits to car owing to tight revenue position as any reduction will dent Centre and State collections
The all-powerful GST Council will at its Goa meeting next week consider demands for reducing taxes on products ranging from cars to biscuits keeping in mind the revenue position as any cut will have a direct impact on earnings of states, a senior government official has said
Auto components industry on Friday sought uniform 18 percent GST in order to help companies with their working capital borrowings which could be used to invest in long-term assets
GST probe arm finds P&G India guilty of profiteering Rs 250 cr; firm says committed to pass benefits to consumers
As per GST anti-profiteering rules, companies have to pass on the benefit of reduction of taxes to consumers by way of commensurate cut in product prices.
GST cut on housing sales 'revolutionary step', will help to narrow down demand mismatch gap: Experts
Sales of under-construction houses were severely affected as there was no GST on completed homes. Developers had been demanding cut in GST rates
Hardcastle Restaurants was operating quick service restaurants under the brand name McDonald's in the Western and Southern regions of India.
The department of Legal Metrology has penalised two wall putty manufacturing companies in Jammu allegedly for not passing on the benefit of GST rate cut to consumers
There is a merit in the demand for reduction in GST rate to 5 percent as this industry generates roughly 5 lakh job yearly,
According to anti-profiteering rules, the authority will suggest to MNCs a return of the undue profit earned from not passing on the GST rate cut benefit to consumers along with an 18 percent interest as also impose a penalty.
Trading sentiment was upbeat on Monday after the GST rate cut and after the no-confidence motion was comfortably defeated in the Lok Sabha, last Friday.
GST rate cut impact: FMCG, consumer durable stocks trade in green on anticipated sales boost ahead of festive season
Top gainers include Asian Paint, ITC, Bharti Airtel, NTPC, Adani Ports, Coal India, ICICI Bank, Sun Pharma, and Vedanta gaining up to 3.77 percent
Revised GST rates: Plastics industry hails rejig of 28% slab; says lower taxes will benefit consumers
Plastic industry in India is largely dominated by SME manufacturers.
Nirmala Sitharaman slams Congress over credit claim for GST rate cut, says it wants to be both 'good cop and bad cop'
Defence Minister Nirmala Sitharaman on Saturday questioned the Congress claiming credit for reduction in GST rates, asking" "Is the GST Council under them?"
GST Council meeting updates: Arun Jaitley says tax rate cut on 178 items applicable from 15 November
This GST Council meeting is a crucial one and many more steps are expected to be taken to ease the pain for small business men
All types of chewing gum, chocolates, preparation for facial make-up, shaving and after-shave items, shampoo deodorants, washing powder detergent and granite and marble will attract lower 18 percent tax rate
Prime Minister Narendra Modi claimed that the steps were in line with the government's constant endeavour to safeguard citizens' interests and ensure India's economy grows.