Finance Minister Nirmala Sitharaman on Wednesday, September 24, launched the Goods and Services Tax Appellate Tribunal (GSTAT), describing it as a landmark step in strengthening India’s indirect tax system. The new body is expected to ease the legal burden on high courts and provide taxpayers with quicker and more predictable resolution of disputes. 31 benches…
Kia has announced sharp price cuts across its India portfolio, passing on the full benefit of the GST 2.0 rate reduction to customers. The revised prices, effective from 22 September, come just ahead of the festive season, making popular Kia models significantly more affordable. SUV line-up gets major revisions In the mid-range SUV category, Kia’s…
Car Prices Post GST 2.0: Customers of Mahindra SUVs can now save between Rs 1.01 lakh and Rs 1.56 lakh after the GST reduction. The company confirmed that buyers will not have to wait until September 22 to benefit from the revised rates. Those who complete billing before that date will still receive GST-linked savings…
After the GST Council approved lower taxes for small cars under certain conditions, auto makers are gearing up to adjust their prices to lure more customers. Tata Motors is the first among major auto makers to come up with a clear list of discounts it plans to dole out across its current ICE-powered fleet after…
State Bank of India (SBI) Chairman Challa Sreenivasulu Setty said on Thursday that the government’s move to shift a host of everyday household items to 5 per cent from the 12 per cent slab will provide real relief to the people in the form of enhanced savings and better spending capacities. His remarks came after the GST…
Union Minister for Commerce and Industry Piyush Goyal on Thursday termed the reforms made in Goods and Services Tax (GST) as a step towards ‘Atmanirbhar Bharat’ and called upon 140 crore Indians to come together with the collective resolve to make India Viksit Bharat by 2047. In a landmark move, the GST Council rationalised the…