Prayagraj Gold Sales Drop 50% After Duty Hike, PM Appeal
Gold sales in Prayagraj have halved to Rs 5-6 crore daily after customs duty hike and PM's appeal to curb purchases, threatening job losses for 10,000 workers.
Category : GST & Taxation
Lighting World Home Tech Expo 2025 to Showcase Smart Lighting
The Lighting World Home Tech Expo, organized by ELCOMA and ACE Exhibitions, will highlight the future of smart lighting and home technology in India, featuring innovations and industry leaders.
Higher Gold Import Duty to Strain Middle-Class Buyers
Higher import duty on gold is expected to strain middle-class shoppers, with industry executives projecting a 10-15% dip in sales volumes in the near-term.
Karnataka Rs 2,384 Crore Fake ITC Fraud Busted, 2 Held
Karnataka GST officials bust a Rs 2,384 crore fake input tax credit fraud, arresting two key accused. The scam involved bogus firms and forged invoices.
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Sanchi Increases Milk Prices by Rs 2 Per Litre in MP
Sanchi dairy raises prices of toned and gold milk by Rs 2 per litre in Madhya Pradesh from May 15, citing rising procurement costs and summer supply pressures.
Nashik Seeks 15% Annual Hike in GST Grant from State
Facing financial crunch, Nashik Municipal Corporation urges state government to raise annual GST compensation hike from 8% to 15% to meet infrastructure demands.
Gold Duty Hike Spurs Recycling and Monetisation
With import duty on gold rising, the industry is turning to recycling and monetisation to offset demand suppression, potentially reducing annual demand by 57 tonnes.
Gold Import Duty Hikes to 15%: What Buyers Need to Know
India raises gold import duty to 15%, impacting jewellery prices. Weddings and festive shopping may cost more. Experts explain the effect on buyers.
India Hikes Gold Import Duty to 15% to Curb Imports
India raised gold import tariffs to 15% from 6% to curb rising imports and foreign exchange outgo amid geopolitical tensions and a widening trade deficit.
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Trade Assn Hosts Talk with GST, Income Tax Officials
A trade association in Ludhiana organized a session with GST and Income Tax officials to address tax-related queries and promote compliance among local businesses.
India hikes gold, silver import duty to 15% to curb imports
The Indian government has increased the import duty on gold and silver from 12.5% to 15% to discourage non-essential imports and support the current account deficit.
India Hikes Gold, Silver Import Tariffs to 15%
India raised import tariffs on gold and silver to 15% from 6% to curb imports, protect forex reserves, and support the rupee amid economic pressures.
BAI Urges TN Govt for Construction Reforms, Single-Window Clearance
Builders' Association of India calls on Tamil Nadu CM to create a separate construction ministry, implement single-window clearance, and introduce regulatory reforms for price stability and faster project approvals.
Lucknow Junction Rail Block May 15-June 23 for Concourse Work
Railway services at Lucknow Junction will be affected from May 15 to June 23 due to concourse construction, causing train diversions and short-terminations.
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Temporary Khadi Shop at Mysuru DC Office on May 14-15
A temporary Khadi shop will be set up at the DC office premises in Mysuru on May 14-15, offering government employees an opportunity to purchase Khadi products.
Bengaluru Hotels Seek GST Relief Amid Rising Costs
Bengaluru hotels propose two GST options: retain 5% with input tax credit or reduce 18% to 5% on key expenses without ITC to ease rising costs.
Gujarat New Urban Housing Policy: Liberal Rules, Freehold Status
The Gujarat government is revising its urban housing policy after 10 years, proposing freehold status for housing board colonies and relaxed redevelopment rules to boost affordable housing.
GST Tribunal Appeal Filings Far Below Expectations
Despite extending the deadline to June 30, only 8,400 appeals have been filed before the GST Appellate Tribunal, far below the expected 4 lakh, due to additional deposit burden and technical issues.
Faridabad MC Orders Rebuild of ₹1.88 Cr Road After Quality Fail
Faridabad Municipal Corporation sets a precedent by ordering a contractor to reconstruct a ₹1.88 crore road that failed quality checks, ensuring accountability in public works.
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Punjab Minister Arora Gets 7-Day ED Custody in GST Fraud Case
Punjab minister Sanjeev Arora was sent to 7-day ED custody in a Rs 100 crore GST fraud probe. The case involves alleged tax evasion and money laundering.
Indian Coast Guard Commissions New Fast Patrol Vessel 'Achal'
Indian Coast Guard commissions ICGS 'Achal', a new-generation Adamya-class fast patrol vessel with 60% indigenous content, boosting coastal security and supporting Aatmanirbhar Bharat.
Punjab GST Fraud: Fake Billing Network Busted, Rs 15.56 Cr ITC
Punjab finance minister Harpal Singh Cheema announced the arrest of Paramjeet Singh for orchestrating a Rs 15.56 crore GST fraud via fake input tax credit on bogus transactions worth Rs 85.4 crore.
Sewer Repair Delay at Ludhiana Parking Irks Commuters
Delayed sewer repair work at a parking lot in Ludhiana has caused inconvenience to commuters and traders, with foul smell and traffic congestion affecting daily business.
Havmor Ice Cream Launches Guava Chilli Flavour
Havmor Ice Cream introduces a new Guava Chilli flavour, evoking street-style nostalgia with a spicy-sweet twist, now available across select outlets.
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AP Lorry Owners Urge Centre to Drop Fuel Price Hike Plans
YV Eswara Rao of the AP Lorry Owners Association urged the central government not to increase fuel prices, citing strain on the transport sector and potential inflation.
Delhi Schools Ordered to Collect Fees Monthly, Not in Advance
The Directorate of Education in Delhi has directed all private unaided schools to collect fees on a monthly basis, prohibiting advance or lump-sum payments to ease financial burden on parents.
Delhi Police Investigates Rs 141 Crore GST Fraud Cases
Delhi Police's Economic Offences Wing investigates three identity theft cases involving fraudulent GST transactions worth Rs 141 crore, with victims including a 63-year-old woman and two businessmen.
BMC Sends Property Tax Bills for 2026-27 in Salt Lake
Bidhannagar Municipal Corporation begins issuing property tax bills for 2026-27 in Salt Lake. Taxpayers get a 5% rebate if paid by due date; arrears incur 10% penalty and interest.
Karnataka Hotels Demand GST Cut on Commercial LPG to 5%
Karnataka hoteliers urge GST reduction on commercial LPG cylinders from 18% to 5%, citing a 50-70% price surge in 60 days from ₹1,800-2,000 to over ₹3,100.
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Commercial LPG Cylinder Prices Hiked by 50% in Single Day
State-owned OMCs hiked commercial LPG cylinder rates by nearly 50% to Rs 3,071.5 in Delhi, while keeping domestic LPG, petrol, and diesel prices unchanged amid rising global energy costs.
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