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Govt set to extend 15% tax rate for new manufacturing units until 2025
This potential announcement is anticipated in the upcoming Interim Budget on February 1, with the aim of stimulating the manufacturing sector, attracting fresh investments, and simplifying compliance procedures.Read more
EY forecasts extension of 15% corporate tax rate in 2024 budget
EY predicts that the interim Budget may push back the deadline for commencing manufacturing from March 31, 2024, to March 31, 2025, for companies benefiting from the 15% concessional income tax rate.Read more
PwC study reveals global impact of carbon taxes on supply chains
The study emphasises that measures like the EU's Carbon Border Adjustment Mechanism (CBAM) will necessitate companies to proactively evaluate their implications across different regions.Read more
India implements 5 yrs anti-dumping duties on Chinese imports
These measures were instituted based on the findings of the Directorate General of Trade Remedies (DGTR), an investigative arm of the commerce ministry.Read more
India seeks to justify RoDTEP reimbursements amid US countervailing duties
This initiative follows the recent imposition by Washington of countervailing or anti-subsidy duties on certain Indian products in response to the RoDTEP scheme implemented for outgoing shipments in January 2021.Read more
Bosch registers 12.9% profit before tax in Q2 FY 2023-24
Profit after tax (including exceptional items) stood at 24.2 percent of total revenue from operations.Read more
Exporters call for enhanced benefits and expansion of RoDTEP Scheme
The Federation of Indian Export Organisations (FIEO), representing exporters, highlights disparities in refund rates. For instance, while aluminum bars and rods receive a RoDTEP refund rate of 2.2%, their value-added counterparts only get 1.2%.Read more
SMEV urges unified road tax exemption policy for EVs nationwide
In a letter addressed to the Union Minister of Road Transport and Highways, Nitin Gadkari, SMEV emphasised the critical need for a stable and supportive policy environment to expedite the transition towards electric mobility in India.Read more
GST reporting window extended to 30 Days for over Rs 100 cr turnover firms
GST assesses will now have an extended period of up to 30 days to report their invoices on the e-invoice portal. These new regulations will take effect starting from November 1.Read more
Indian industries concern over EU Carbon tax data demands
This issue was raised during a meeting convened by the Ministry of Commerce on September 6, where government representatives discussed the challenges associated with the European Union's implementation of a carbon tax.Read more