New Delhi, Sep 8 (PTI) Auto stocks continued to remain on buyers' radar on Monday, fuelled by hopes of demand recovery following the recent GST rate cut announcement.
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Source: https://taxguru.in/goods-and-service-tax/cbic-warns-fake-gst-transition-benefit-news.html
The Central Board of Indirect Taxes and Customs (CBIC) today issued a stern clarification, dismissing a widely circulated social media message that falsely claimed new Goods and Services Tax (GST) transition benefits would be implemented from September 22, 2025.
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The Supreme Court clarified that all proceedings pending before the high courts regarding challenges to the new gaming law will now be heard only by the top court, and the high courts will not entertain any petition on related cases.
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Indian stock markets edged up on Wednesday, led by the auto and consumer sectors ahead of a GST Council meeting. Nifty 50 increased by 0.15% and Sensex by 0.17%, but analysts warn of potential market weakness due to continued selling and external economic challenges.
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JK Tyre & Industries share price leading among the gainers jumped nearly 6 per cent on September 2. Meanwhile, MRF and CEAT shares were trading 5 per cent up.
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Indian stock market saw gains on Tuesday, driven by Reliance Industries ahead of a key GST Council meeting. The Nifty 50 rose 0.45% to 24,734. Positive sentiment stems from strong GDP figures and potential GST cuts for various products, possibly boosting consumer spending.
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Maruti Suzuki, Tata Motors, Hyundai Motor, and Mahindra & Mahindra — auto makers have seen their sales dip this August compared to last year. Here, we examine whether the likely GST slab rejig could brighten prospects.
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IDFC FIRST Bank is among private sector banks authorised for GST collections, reaffirming its commitment to offering universal banking solutions and comprehensive financial services to the wider ecosystem.
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The Indian government has announced a reduction in the indirect tax burden on consumers—to be achieved by rationalizing goods and services tax (GST) rates.
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Corporate India, leaner than ever from efficiency gains forged through indirect tax reforms, faces a fresh challenge as the government’s GST overhaul threatens to lock up cash and lengthen working capital cycles, even as weak demand clouds their growth prospects.
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