News for 'GST'

'We Need To Stop Coaching Classes'

'We Need To Stop Coaching Classes'

Rediff.com27 Jul 2026

'We can integrate AI and tech into education, but that is just a means and not an end.' 'Ultimately, we need to control what happens in a classroom and we need to let teachers innovate their teaching style to suit the needs of Gen Z and beyond.'

India's gold demand falls 6% in Q2 on weak seasonal sales

India's gold demand falls 6% in Q2 on weak seasonal sales

Rediff.com31 Jul 2026

India's gold demand saw a 6 per cent year-on-year decline in the April-June quarter of 2026, reaching 131.4 tonnes, primarily due to subdued seasonal sales, increased Customs duty, and Prime Minister Narendra Modi's call to reduce gold purchases, according to a World Gold Council report.

'Next Two Quarters Will Be Tough For Markets'

'Next Two Quarters Will Be Tough For Markets'

Rediff.com21 Jul 2026

'I don't see fear becoming a dominant factor for retail investors.'

Indian Passenger Vehicle Sales Jump 25% in June, Driven by Maruti, Tata, M&M

Indian Passenger Vehicle Sales Jump 25% in June, Driven by Maruti, Tata, M&M

Rediff.com1 Jul 2026

Passenger vehicle sales in India are estimated to have surged by nearly 25 per cent in June 2024, reaching approximately 4 lakh units, with Maruti Suzuki, Tata Motors PV, and Mahindra & Mahindra leading the growth, despite concerns over geopolitical tensions and monsoon impact.

Selling Property? Tax Questions Answered

Selling Property? Tax Questions Answered

Rediff.com12 Jun 2026

rediffGURU Vipul Bhavsar answers readers' personal income tax queries

Air, Water Purifiers: GST Council May Weigh 5% Levy

Air, Water Purifiers: GST Council May Weigh 5% Levy

Rediff.com30 Dec 2025

The GST Council at its next meeting may consider a reduction in taxes on air and water purifiers as air quality across the country worsens and access to safe drinking water remains uneven.

Maruti's Bhargava puts biogas ahead of hybrids, bats for more sops

Maruti's Bhargava puts biogas ahead of hybrids, bats for more sops

Rediff.com29 May 2026

Maruti Suzuki Chairman R C Bhargava is pushing for increased government incentives for biogas-powered vehicles over hybrids, emphasising their net-zero carbon emissions and the valuable organic manure they produce, while also advocating for continued GST benefits for electric vehicles.

Mumbai Man Cheats Widow Of 7 Crore With False Loan Promise

Mumbai Man Cheats Widow Of 7 Crore With False Loan Promise

Rediff.com18 May 2026

A man in Mumbai has been booked for allegedly cheating a woman of 7 crore by making false promises of financial assistance and business loans after her husband's death. The accused, Bharat Singh alias Johnny, allegedly obtained the woman's GST login credentials and carried out fake transactions in her company's name.

How Gen Z Can Build Wealth With 20% Rule

How Gen Z Can Build Wealth With 20% Rule

Rediff.com27 Jul 2026

'Users should protect their savings goals before allocating money to discretionary expenditure.'

'India Has Only 15 More Years Left...'

'India Has Only 15 More Years Left...'

Rediff.com27 Jul 2026

'After that the burdens of an ageing population will be upon us, and the share of working age population will shrink.'

E20 petrol safe, no engine failure reported, Gadkari tells Parliament

E20 petrol safe, no engine failure reported, Gadkari tells Parliament

Rediff.com30 Jul 2026

The Indian government has defended its E20 ethanol blending programme, stating that extensive testing and field experience show no evidence of abnormal engine wear, corrosion, or reduced vehicle life, despite a potential 2-6% reduction in fuel economy.

The Man Challenging 18% GST On Air Purifiers

The Man Challenging 18% GST On Air Purifiers

Rediff.com27 Dec 2025

'If a common man wants to buy an air purifier for Rs 10,000, then he will have to shell out Rs 11,800 with 18 percent GST.' 'If he is charged GST at 5 percent the same air purifier will cost Rs 10,500.' 'This saves a one time amount of Rs 1,300 -- and that too just to breathe clean air.'

Probe into authenticity of resigned GST official's disability certificate

Probe into authenticity of resigned GST official's disability certificate

Rediff.com29 Jan 2026

An investigation has been launched into the authenticity of the disability certificate of Prashant Kumar Singh, who resigned as GST Deputy Commissioner in protest against remarks made against Chief Minister Yogi Adityanath. The probe was initiated following a complaint filed in 2021.

Fintechs Seek Safe Harbour Shield

Fintechs Seek Safe Harbour Shield

Rediff.com5 Jun 2026

'There has to be a safe harbour for licensed entities, which have followed all the norms prescribed by the RBI.'

How India plans to counter external risks facing its economy

How India plans to counter external risks facing its economy

Rediff.com9 Jun 2026

The Indian government is set to accelerate reforms, including measures to enhance foreign direct investment, speed up divestment, and boost asset monetisation, to maintain economic growth despite rising fuel and fertiliser import costs driven by the West Asia crisis.

GST collections rise 6.2% to 3-month high of Rs 1.93 lakh cr in Jan

GST collections rise 6.2% to 3-month high of Rs 1.93 lakh cr in Jan

Rediff.com2 Feb 2026

Gross GST collections rose 6.2 per cent to a three-month high of over Rs 1.93 lakh crore in January, indicating increased consumption is making up for rate cuts late last year, sources said on Sunday.

'GST rate cuts are beginning to translate into higher consumption'

'GST rate cuts are beginning to translate into higher consumption'

Rediff.com6 Feb 2026

'Despite a challenging FMCG environment, ITC Foods has grown at or above the industry rate.'

Mumbai to get new connector road worth Rs 1,722.40 crore

Mumbai to get new connector road worth Rs 1,722.40 crore

Rediff.com26 Jun 2026

The Maharashtra cabinet's sub-committee on infrastructure has approved a Rs 1,722.40 crore project for a 3.55-km road connecting the Bandra Fort end of the Versova-Bandra Sea Link with the Savarkar Sea Bridge. This project, implemented by MSRDC, aims to significantly reduce travel time between Worli, Fort, and Versova, handling approximately 3,500 cars per hour. It also includes provisions for rehabilitation and environmental mitigation.

ICICI Bank gets Rs 238 cr GST demand notice

ICICI Bank gets Rs 238 cr GST demand notice

Rediff.com18 Dec 2025

ICICI Bank on Thursday said tax authorities have slapped a demand notice of Rs 238 crore on it for alleged short payment of GST.

Retail Inflation Rises to 4.38% in June, Exceeds RBI's 4% Median Target

Retail Inflation Rises to 4.38% in June, Exceeds RBI's 4% Median Target

Rediff.com13 Jul 2026

India's retail inflation rose to 4.38 per cent in June, driven primarily by costlier food items, pushing it above the Reserve Bank of India's median target of 4 per cent for the first time under the new series.

Delhi pollution worsens: HC questions 18% GST on air purifiers

Delhi pollution worsens: HC questions 18% GST on air purifiers

Rediff.com26 Dec 2025

The Delhi High Court has asked the central government why it cannot reduce the GST on air purifiers, considering the poor air quality in Delhi. The court's concern is that the current 18% GST makes air purifiers unaffordable for the common man.

Hampton Sky Realty Claims Innocence After Director's Arrest

Hampton Sky Realty Claims Innocence After Director's Arrest

Rediff.com9 May 2026

Hampton Sky Realty Limited, formerly directed by Punjab minister Sanjeev Arora, has issued a statement asserting its innocence and cooperation with authorities following the arrest of Arora in connection with a money laundering probe.

Delhi Government Orders Audit Of Key Industrial Zones

Delhi Government Orders Audit Of Key Industrial Zones

Rediff.com8 Jun 2026

The Delhi government has announced a comprehensive audit of the Narela and Bawana industrial areas, covering the period from 2011-12 to 2025-26. The audit, initiated by the DSIIDC, aims to identify financial irregularities, fund diversions, and their financial impact within these public-private partnership projects.

EV penetration in luxury car segment dips in GST 2.0 era

EV penetration in luxury car segment dips in GST 2.0 era

Rediff.com4 Jan 2026

Electric vehicle (EV) penetration in the luxury car segment has seen a drop by nearly 3 percentage points in the GST 2.0 era with the internal combustion engine versions offering better total cost of ownership, according to industry players. While the trend is also visible in the mass market segment, it is the entry luxury segment that is witnessing a more marked shift towards internal combustion engine (ICE) vehicles as price difference between EV and ICE widened under the new GST rates.

Punjab Minister Sanjeev Arora In ED Custody: Here's Why

Punjab Minister Sanjeev Arora In ED Custody: Here's Why

Rediff.com10 May 2026

A court in Gurugram has sent Punjab's Industries Minister Sanjeev Arora to seven days of ED custody in a money laundering case, officials said on Sunday.

'After GST cut, innovation will boost life insurance'

'After GST cut, innovation will boost life insurance'

Rediff.com5 Dec 2025

The reduction in goods & services tax (GST) on individual life and health insurance premiums has been called a "landmark step" for making insurance affordable and inclusive. In a panel discussion at the Business Standard BFSI Insight Summit 2025, Anup Bagchi, managing director (MD) & chief executive officer (CEO) of ICICI Prudential Life Insurance; Mahesh Balasubramanian, MD & CEO of Kotak Life Insurance; Tarun Chugh, MD & CEO of Bajaj Life Insurance; and Ratnakar Patnaik, MD of Life Insurance Corporation of India (LIC), listed what else the industry needs to reach more people.

5 Crore Silver Consignment Seized At Rajkot Airport

5 Crore Silver Consignment Seized At Rajkot Airport

Rediff.com17 May 2026

Gujarat ATS intercepts a large silver consignment worth 5 crore at Rajkot Airport, suspecting tax evasion.

GST collections rise 6% to over Rs 1.74 lakh cr in December 2025

GST collections rise 6% to over Rs 1.74 lakh cr in December 2025

Rediff.com1 Jan 2026

Gross GST collections rose 6.1 per cent to over Rs 1.74 lakh crore in December 2025, even as sweeping tax cuts slowed down growth in revenues from domestic transactions, according to government data released on Thursday.

Post GST cut, auto retail sales rose 18% in Jan

Post GST cut, auto retail sales rose 18% in Jan

Rediff.com10 Feb 2026

Automobile retail sales rose nearly 18 per cent year-on-year to over 27 lakh units in January, led by continued post-GST momentum, healthy rural cash flows on the back of harvest and weddings, and sustained demand visibility across freight, dealer's body FADA said on Tuesday.

GST 2.0 boosts petrol-diesel car sales over EVs

GST 2.0 boosts petrol-diesel car sales over EVs

Rediff.com10 Dec 2025

While GST on ICE vehicles was brought down significantly, for electric cars it remained at 5 per cent.

Odisha leads in GST growth, T'gana in direct taxes

Odisha leads in GST growth, T'gana in direct taxes

Rediff.com26 Dec 2025

A shift appears underway in India's tax landscape. States with relatively smaller tax collections like Odisha and Telangana are emerging as the fastest-growing contributors to indirect and direct tax collections, respectively.

Domestic Passenger Vehicle Sales Rise 24.6% In June

Domestic Passenger Vehicle Sales Rise 24.6% In June

Rediff.com4 Jul 2026

India's domestic passenger vehicle sales experienced a robust 24.6 per cent year-on-year increase in June, propelled by favourable government policies like income tax relief and repo rate cuts, alongside resilient rural demand, even as global crude oil prices pose potential cost pressures.

Increasing the number of policy sales will be a key focus area for SBI Life

Increasing the number of policy sales will be a key focus area for SBI Life

Rediff.com6 May 2026

"Policy sales will be one of the focus areas for the company because looking at the large insurance gap, large number of people being uncovered. The only right way to go is to increase the number of policies," said Amit Jhingran, MD & CEO, SBI Life Insurance.

'Why Should We Be Okay With 6.5% Growth Rate?'

'Why Should We Be Okay With 6.5% Growth Rate?'

Rediff.com2 Jul 2026

'Why not aspire for 8 or 9 or even 10 per cent?'

GST Made Easy From Nov 1

GST Made Easy From Nov 1

Rediff.com25 Oct 2025

Nearly 96 per cent of new applicants will benefit from this simplified approval route.

NBFCs show strong Q4, but near-term outlook remains cautious

NBFCs show strong Q4, but near-term outlook remains cautious

Rediff.com4 Jul 2026

Non-banking financial companies (NBFCs) reported encouraging results for Q4FY26 with improved asset quality and earnings, but analysts maintain a cautious near-term outlook due to geopolitical tensions, monsoon risks, and specific portfolio concerns.

Punjab Minister Arora In ED Custody Over Money Laundering Allegations

Punjab Minister Arora In ED Custody Over Money Laundering Allegations

Rediff.com10 May 2026

A special PMLA court in Gurugram has remanded Punjab Industries Minister Sanjeev Arora in Enforcement Directorate's custody for a week in an alleged Rs 100-crore GST fraud-linked money laundering case.

What's Vijay Doing In New Delhi?

What's Vijay Doing In New Delhi?

Rediff.com28 May 2026

During the meeting with Prime Minister Narendra Modi, Vijay raised concerns, including rendering Tamil Thai Vazhthu at the beginning of government events, opposition to Karnataka's proposed Mekedatu dam project, the release of Tamil Nadu fishermen detained by Sri Lanka, and the establishment of a key defence research facility in the state.

Why Is The ED Raiding Punjab Minister Sanjeev Arora?

Why Is The ED Raiding Punjab Minister Sanjeev Arora?

Rediff.com9 May 2026

The Enforcement Directorate conducted searches against Punjab industries minister Sanjeev Arora and others allegedly linked to him as part of a money laundering case investigation.

UltraTech Cement gets Rs 782.2 crore GST notice

UltraTech Cement gets Rs 782.2 crore GST notice

Rediff.com20 Dec 2025

UltraTech Cement on Saturday said it has received a GST demand notice for a total payment of Rs 782.2 crore, which it plans to contest before the appropriate forum.