In fresh high, gross GST revenues shoot past ₹2.1 lakh crore in April

In fresh high, gross GST revenues shoot past ₹2.1 lakh crore in April

Revenues from domestic transactions grew 13.4%, the Finance Ministry said, while goods imports yielded an 8.3% uptick in the indirect tax collection. File | Photo Credit: K.V.S. Giri Year-end compliances lifted India’s gross Goods and Services Tax (GST) revenues past a record ₹2.1 lakh crore in April, reflecting a 12.4% growth over the previous record … Read more

Maruti Suzuki: DRI initiates inquiry against Maruti Suzuki over incorrect HSN code of imported part

Maruti Suzuki: DRI initiates inquiry against Maruti Suzuki over incorrect HSN code of imported part

Maruti Suzuki India on Wednesday said the Directorate of Revenue Intelligence has initiated an inquiry against it over incorrect HSN (Harmonized System of Nomenclature) code of an imported component. In a regulatory filing, Maruti Suzuki India said it has received a communication regarding the inquiry from the Directorate of Revenue Intelligence (DRI), Hyderabad Zonal Unit, … Read more