Presently, the GST system has four tax tiers of 5, 12, 18, and 28 percent. (AI image) New GST tax rates soon! Come this Diwali, you will have to pay much lower indirect taxes on several items of daily use, thanks to next-generation Goods and Services Tax (GST) reforms set to be unveiled by the […]
ITR filing FY 2024-25: ITR-6 excel utility for AY 2025-26 released by Income Tax Department — here’s what taxpayers should know
The Income Tax Department has released the Excel utility for Income Tax Return (ITR) Form 6 for the assessment year 2025-26, enabling eligible companies to file their returns for the financial year 2024-25.“Kind Attention Taxpayers! Excel Utility of ITR-6 for AY 2025-26 is now live and available for filing.” tax department posted on X. ITR-6 […]
Another tariff hit: Donald Trump signals levies on chips and steel; semiconductor duties may hit 300%
US President Donald Trump is loading another tariff bullet, this time aimed at semiconductor chips and steel.The move, expected to be announced in the coming weaks, could shake the already rattled global trade.“I’ll be setting tariffs next week and the week after on steel and on, I would say, chips,” Trump told reporters aboard Air […]
Balcony solar trend in US gains momentum, plug-in kits offer cheaper option, demand seen rising as rooftop credits end
When Oakland resident Terrence Dwyer got a flyer advertising a solar system small enough to fit on his deck — and that plugs into a regular wall socket — he didn’t hesitate. “Absolutely, let’s do this right away,” he said.Such “plug-in” or “balcony” solar kits, long popular in Europe for their affordability and easy installation, […]
US retail sales up 0.5% in July as shoppers shrug off Trump tariffs; auto, online, furniture lead gains
Shoppers in the US kept up a healthy pace of spending in July, particularly at auto dealerships, even as President Donald Trump’s tariffs began taking a toll on jobs and pushed some prices higher.Retail sales rose 0.5% last month, slowing from a revised 0.9% in June, according to the Commerce Department’s report released Friday. The […]
India-Singapore economic ties: 4th joint working group meet reviews trade, explores new sectors; milestone year for partnership
India and Singapore held the fourth meeting of their Joint Working Group on Trade & Investment (JWGTI) at Vanijya Bhawan in New Delhi on Thursday, focusing on ways to deepen economic cooperation and identify fresh areas of collaboration. The meeting came a day after the third India-Singapore Ministerial Roundtable, marking a week of intensive bilateral […]
India-Asean trade talks: Jakarta to host next AITIGA review in October, $123 bn bilateral trade in focus
The next round of negotiations to review the ASEAN-India Trade in Goods Agreement (AITIGA) will be held on October 6-7, 2025, at the ASEAN Secretariat in Jakarta, Indonesia, hosted by Malaysia, the Commerce Ministry said.The tenth round of talks concluded in New Delhi between August 10 and 14, with the Joint Committee focusing on advancing […]
Donald Trump tariff impact: India faces hard choices, says GTRI; warns of $50 billion export hit
AI image India is facing a difficult strategic choice after the US imposed a steep 50% country-specific tariff on most Indian goods, on top of existing duties, according to the Global Trade Research Initiative (GTRI).Founder Ajay Srivastava was quoted by news agency PTI as saying that the options range from negotiating or retaliating to diversifying […]
Rice prices surge up to 14%! Indian traders are rushing shipments to Bangladesh; here’s why
Rice prices in India have jumped by up to 14% in just two days as traders rush to export to Bangladesh following its decision to allow duty-free import of 500,000 tonnes of the staple. The move has caused a temporary disruption in domestic supply, pushing up retail prices across key varieties, reported ET.According to traders […]
FASTag Annual Pass Launched! What is FASTag Annual Pass? From Cost, How To Buy To Benefits And Validity
No, you don’t need to buy a new FASTag if you have an existing FASTag. The Annual Pass can be activated on your current FASTag, as long as it fulfills the eligibility requirements (such as being correctly attached to the vehicle’s windshield, connected to a valid Vehicle Registration Number, not blacklisted, etc.). Source link