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Modi’s administration has encouraged Tesla to produce locally, while Musk wants India to lower taxes

Tesla CEO Elon Musk’s call for lower taxes on import cars turned down by...

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Elon Musk’s call for tax breaks rejected by India The Centre has again turned down the demand of Tesla for tax breaks to import electric...
Centre is taking various measures to bring down food prices such as the ban on exports and reducing customs duty on edible oils

Customs duty exemption extended on masoor dal till March 2025

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Centre extends Customs duty exemption on masoor dal until 31 March 2025 to stop inflation The Centre has extended the Customs duty exemption on masoor...
Circular clarifies that taxpayers can also adopt for a cross charge mechanism and bill the branches by adopting the value as per Rule 28

Centre issues clarification on input tax, levy of tax on subsidiary company’s shares

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GST council rules that holding shares does not constitute providing a service, so holding shares is not taxable Centre has issued clarification regarding the taxability...
The Finance Ministry may consider imposing countervailing duty on steel imports from China

GST Council may mull steps to prevent fake generation of Input Tax Credit: Official

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GST Council meet on July 11, likely to discuss steps to prevent fake generation of Input Tax Credit Chairman of Central Board of Indirect Taxes...
Nirmala Sitharaman directed to put in place a system to take feedback on grievances redressed so as to improve the quality of redressal

Nirmala Sitharaman directs CBIC to begin automated GST return scrutiny by next week

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In a CBIC review meeting, Nirmala Sitharaman asked the board to intensify its efforts against fake billings Finance Minister Nirmala Sitharaman has directed the Central...
To improve surveillance, airlines were asked by GOI to share PNR details with Customs Dept

Airlines asked to share PNR details of international passengers with Indian customs authorities 24...

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Mandatory for airlines to give details of international passengers to customs before the flight To prevent the law offenders from fleeing the country, from August...
Considering unauthorized mobile signal repeaters & walkie-talkies as a security threat, DoT asks Customs dept to sought strict implementation of import rule

Telecom Department flags unauthorized sale of Mobile Signal Boosters in India by e-commerce firms,...

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DoT flags unauthorized sale of Mobile Signal Booster by e-commerce firms The Department of Telecom (DoT) on Friday wrote to the Customs department flagging unauthorized...
CAG blames three entities for failure in collections of GST

CAG blames Finance Ministry, Revenue Department and GSTN for failures in the implementation of...

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The Comptroller and Auditor General (CAG) in its first report on the implementation of Goods and Services Tax (GST) criticsed the Revenue Department under...
EP 222 | Daily Global Insights | Aug 11, 2021 | Global News | US News | India News | Markets

EP 222 | Daily Global Insights | Aug 11, 2021 | Global News |...

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Sridhar Chityala: Good morning. Today is Aug 11th, welcome to Daily Global Insights with Sri and Sree. Welcome to episode number 222. As is...
EP 214 | Daily Global Insights | Jul 30, 2021 | Global News | US News | India News | Markets

EP 214 | Daily Global Insights | Jul 30, 2021 | Global News |...

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Sree Iyer: Hello and welcome to episode 214 of  Daily Global Insights with Sri and Sree. I am your host Sree Iyer, with me...

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