New Delhi [India], Sept 14 (ANI): Four people were arrested for issuance of invoices without actual supply of goods and thereafter availing fraudulent Input tax credit for seeking Integrated Goods and Service Tax refunds, Finance Ministry said on Saturday.
Bengaluru (Karnataka) [India], Sept 14 (ANI): Majority of states are not ready to bring down the tax rates on automobile sector from 28 to 18 per cent, said Chairman of the Empowered Committee of state finance ministers for the implementation of Goods and Service Tax (GST), Sushil Kumar Modi
New Delhi [India], Sept 12 (ANI): The Directorate General of GST Intelligence (DGGI) and Directorate General of Revenue Intelligence (DRI) launched a countrywide joint operation at 336 locations which involved 1200 officers from both agencies against exporters who were fraudulently claiming
Washington [US], Sept 12 (ANI): President Donald Trump on Wednesday announced that the US will delay tariffs hike on USD 250 billion worths of goods from China as a gesture of goodwill following a request by Beijing.
New Delhi [India], Sept 11 (ANI): Commerce and Industry Minister Piyush Goyal on Wednesday said that the India ASEAN Free Trade Agreement (FTA), which was signed in 2009, will be reviewed in order to give a thrust in economic ties.
New Delhi (India), Sept 10 (ANI): RSS affiliate Swadeshi Jagran Manch (SJM) on Tuesday welcomed the outcome of India's consultations with ten-member ASEAN which agreed to initiate a review of the bilateral free trade agreement (FTA) in goods to make it "more user-friendly, simple and trade f
Agra (Uttar Pradesh) [India], Sept 4 (ANI): Yet to recover from the setbacks Agra's footwear industry suffered due to demonetisation and Goods and Services Tax (GST), the industry has now been hit hard by floods.
New Delhi [India], Sep 2 (ANI): The Society of Indian Automobile Manufacturers (SIAM) said on Monday that sales report coming out from various companies for August has been dismal with over 30 per cent erosion of sales for passenger vehicles.
New Delhi [India], Sep 2 (ANI): Sagging consumer sentiment amid economic slowdown has led major automobile manufacturers to report significant declines in sales during August.
Mumbai (Maharashtra) [India], Aug 30 (ANI): HDFC Bank has agreed to sell its entire 10 per cent stake in the Goods and Services Tax Network (GSTN) consisting of ten lakh equity shares of Rs 10 each for a total consideration of Rs 1 crore to various state governments and Union Territories.
Pune (Maharashtra) [India], Aug 27 (ANI): Finance Minister Nirmala Sitharaman on Tuesday said she is willing to listen to people from different sectors regarding deduction in Goods and Services Tax (GST) rates but the final decision will be of the GST Council.
New Delhi [India], Aug 26 (ANI): The central government on Monday increased the rate of customs duty on imports of subject goods from Malaysia by five per cent in a bid to safeguard the interests of the domestic industry.