Since items in the 12% category account for only about 5% of total GST, the additional boost to consumption may not be significant, points out M Govinda Rao.
The Income Tax Department has clarified that the deadline for ITR filing for Assessment Year 2025-26 is September 15 and there is no further extension as circulated on social media. In a late night post on X on September 14, the department termed "fake" a statement in circulation on social media stating that the due date of filing ITRs has been further extended to September 30, 2025.
Trump also praised Chinese President as "a great leader of a great country" and said the two sides had "already agreed to a lot of things."
During negotiations, the officer allegedly agreed to reduce the amount to Rs 2 crore, with the condition that the first installment of Rs 50 lakh had to be paid to the middleman by Thursday evening, the complaint said.
Here's unlocking the real story behind your EPF's 8.25% interest and what it truly means for your retirement kitty.
Banks are receiving requests for cancellation of approved car loans, in view of the implementation of GST rate cut, which will lower the price of passenger vehicles and also lead to subsequent reduction in the amount needed to purchase them. It is to be noted that the 56th GST Council meeting earlier this month, approved substantial reduction in the GST rate for cars for up to 1,200 cc to 18 per cent from the existing 28 per cent.
Gold prices surged Rs 2,200 to hit a fresh peak of Rs 116,200 per 10 grams in the national capital on Monday buoyed by strong global cues as investors awaited key commentary from US Fed officials for policy direction. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 1,14,000 per 10 grams on Friday.
Between January and August 2025, over 65,000 units of the Bolero were sold, making it the third-highest contributor to Mahindra's overall SUV sales. Bolero annually achieves sales of over 1 lakh units.
The probe pertains to alleged illegal betting apps that are stated to have duped numerous people and investors worth crores of rupees or have evaded a huge amount of taxes.
The Social and Educational Survey, known as 'caste census,' is underway in Karnataka, facing technical glitches and server issues. The survey, conducted by the Karnataka State Commission for Backward Classes, aims to gather data on caste and social status across the state.
The rising tide of Indian nationalism meant that the people of princely states now were keen to become a part of a united and integrated India rather than remain subjects of a princely state. The Congress too supported the people's wish and it fell upon Patel to get the princes to agree. He did so magnificently, using every trick available, whether it was sweet talk or coercion; the rulers buckled and Patel earned the eternal gratitude of the entire nation.
The Enforcement Directorate (ED) and Income Tax (I-T) Department are likely to join the Assam Police in investigating alleged organised financial crimes and acquisition of benami properties by event manager Shyamkanu Mahanta, an accused in the death of Assam's cultural icon Zubeen Garg.
Talking to reporters in New Delhi, Angmo challenged authorities to an open debate on the allegations, including those suggesting links to Pakistan, and said neither she has been able to contact Wangchuk nor has she been provided with formal documents detailing the charges against him by the administration.
Traders in Karnataka are raising concerns over GST demand notices based on UPI transaction data. A tax official defends the action, stating it's within the law and recipients can respond with documentation.
'As one of many immigrants at Nvidia, I know the opportunities we've found in America have profoundly shaped our lives.'
The government has no say in where the country's refiners source oil from because these are commercial transactions.
'GST reduction will help larger and high-end cars too.'
The government had set a budgetary target of over Rs 1.87 lakh crore for collection from customs duty in current fiscal
The decision to hike US H-1B visa application fee to $100,000, trade talks and the GST rate cut will be the key drivers for stock market movement this week, analysts said.
The growth of India's services sector eased in September from the recent high in August, as new business and activity expanded at slower rates, according to a monthly survey released on Monday.
The rationalisation of goods and services tax (GST), announced on Wednesday, directly lowers the cost of everyday medical consumables, and also high-end therapies in oncology and rare diseases, helping reduce out-of-pocket patient expenditure and better adherence to medication.
'States should be compensated for the revenue loss for at least five years or beyond till the revenue stabilises.'
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
After Singer and Rapper Honey Singh's show concluded on Saturday, the Indore Municipal Corporation seized the concert goods over alleged entertainment tax evasion.
Actor Sonu Sood was questioned by the Enforcement Directorate (ED) in connection with a money-laundering case linked to the online betting app 1xBet. The investigation involves several celebrities and focuses on alleged tax evasion and the duping of individuals.
The Enforcement Directorate questioned Robin Uthappa for over eight hours and recorded his statement in a money laundering case linked to online betting app.
As a protege of Shinzo Abe, Takaichi is expected to scale bilateral ties much higher. Trade and investment shall grow. People-to-people contacts shall be scaled up, points out Dr Rajaram Panda.
Victory wrested from regime that only listens when forced, the TMC said on GST exemption on insurance.
Former India cricketer Suresh Raina is expected to appear before the Enforcement Directorate (ED) in New Delhi on Wednesday for questioning in an alleged illegal betting app-linked money laundering case, official sources said.
Customs officials in Kerala conducted raids across the state, seizing luxury vehicles illegally imported from Bhutan with forged documents. The operation, dubbed 'Operation Numkhor,' targeted multiple locations and uncovered a network involved in smuggling cars, gold, and drugs.
A strike in Pakistan-occupied Kashmir (PoK) over unfulfilled demands turned violent, resulting in one death and multiple injuries. Mobile and internet services have been suspended in the region.
Yuvraj Singh on Tuesday appeared before the Enforcement Directorate (ED) for questioning in a money laundering case linked to an online betting app named 1xBet.
It is not yet clear if Diageo Plc is looking to sell its complete stake in RCB.
Organise your PAN, Form 16, Form 26AS, AIS, and all other proofs before e-filing.
The Securities and Exchange Board of India (Sebi) has planned a slew of further relaxations to facilitate easier registrations of foreign portfolio investors (FPIs), including a common know-your-client (KYC) and smoother documentation through India digital signature.
India is seeking either an exemption or a longer timeline on the pharmaceutical tariffs, expected to kick in by July 31.
The Enforcement Directorate has summoned Shikhar Dhawan on Thursday for questioning in an alleged illegal betting app-linked money laundering case.
Banks and NBFCs are launching festival offers, including lower loan rates, cashback, EMI schemes and GST-linked benefits to tap rising demand ahead of Diwali
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