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Gadkari suggests vehicle scrapping to boost auto sales by 18-20%

Currently, India has 63 scrapping centers and 78 fitness centers, with plans for more.Read more

Centre plans vehicle scrappage policy based on pollution levels; Anurag Jain

Jain pointed out that a policy mandating scrappage after a certain number of years often raises questions from vehicle owners who maintain their vehicles well.Read more

GST Council introduces Reverse Charge Mechanism on metal scraps

Typically the seller charges the buyer for GST, but under the newly introduced RCM provision, the buyer will be responsible for paying the tax directly to the government. Read more

Government to launch Green Steel Mission with policy and incentives

This initiative comes as global pressure mounts on countries to reduce their carbon footprint in manufacturing. Read more

Eicher incentivise purchase of new vehicles under Vehicle Scrappage Policy

The program supports the national endeavor to phase out old, unsafe and polluting vehicles.Read more

Vivad Se Vishwas, 2024: Resolving tax disputes

VSVS 2024 has been launched for settling the disputed tax, interest, penalty and prosecution pending as on 22 July 2024 under the Income-tax laws after payment of certain normative amount determined under the VSVS 2024. Read more

Indian economy estimated to grow 7-7.2% in FY25: Deloitte

The Indian economy grew at 8.2% in the 2023-24 fiscal year.Read more

Reconciliations under the GST

Reconciliation under the GST is a critical activity that ensures the accuracy of the tax amounts credited or debited in the accounts of businesses.Read more

Poly Medicure calls for import substitution in upcoming Budget; Himanshu Baid

Currently around 70% of medical devices and equipment worth nearly Rs 500 billion used in India are imported. The current duty structure for these imports ranges from 7.5% to 10%.Read more

Interest subsidy scheme for exporters extended 2 months for MSME sector

The two-month continuation of the scheme for the MSME sector comes with an outlay cap of Rs 7.5 billion, while all other terms and conditions remain the same.Read more

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