Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Search results

1-10 results from 1000 for query «gst»

14 August, 2018 1:45 PM Putty manufacturing companies penalised for not passing on GST rate cut benefit

The department of Legal Metrology has penalised two wall putty manufacturing companies in Jammu allegedly for not passing on the benefit of GST rate cut to consumers. The two companies did not mark revised rates on their products after the central government slashed GST slab on such items from 28 percent to 18 percent. The cases of both the companies 40

10 August, 2018 10:48 AM Passenger vehicle sales drop first time in 9 months in July

New Delhi: Passenger vehicle sales in India declined for the first time in nine months, on account of high base last year when sales had spiked due to the GST rollout across the country. According to data released by the Society of Indian Automobile Manufacturers (SIAM), domestic passenger vehicle (PV) sales declined to 2,90,960 units last month from 2,99,066 units 47

9 August, 2018 1:18 PM Varun Beverages Q2 net profit rises 25% to Rs 307 crore

PepsiCo's largest franchise bottler Varun Beverages today posted 24.92 percent increase in its consolidated net profit to Rs 306.78 crore for the second quarter ended June 30, 2018. The company, which follows calendar year as its financial year, had posted a net profit of Rs 245.58 crore during the same period previous fiscal. Total income during the quarter 40

9 August, 2018 9:11 AM Lok Sabha Adjourned Briefly Over Rafale Row

The Lok Sabha was briefly adjourned on Thursday again for a third time over the issue of Rafale jet deal after Congress members created a ruckus. Soon after the House met at 1 p.m., Lok Sabha Speaker Sumitra Mahajn asked Union Finance Minister Piyush Goyal to introduce three bills in the House. When Mr Goyal stood to introduce to amend the integrated 46

7 August, 2018 11:47 AM Buy Emami; target of Rs 671: Cholamandalam Securities

Reported consolidated revenue grew by 16.2% YoY to INR 6.14bn (CSEC Est: INR 6.34bn); on like to like basis (including GST/VAT & excise duty), revenue grew 19% YoY (volume growth: +16% YoY). Domestic business grew 21% YoY aided by low base (-16% YoY in 1QFY18) and recovery in the wholesale channel (~40% of domestic sales). Modern trade grew 43% YoY (~8% of domestic 37

7 August, 2018 11:25 AM Buy V Guard; target of Rs 244: Cholamandalam Securities

In 1QFY19, VGIL reported a revenue growth of 13.5% YoY to INR 6,349mn (net of GST), marginally below our estimate of INR 6,417mn; According to the management, the growth adjusted for GST related price impact stood at ~19% YoY. In terms of geography (reported basis) South markets grew by 4.2%YoY (GST adj. 12% YoY) to INR 3.55bn and accounted for 56% of total 27

7 August, 2018 10:57 AM TVS Posts Revenue Growth Of 21 Per Cent For Q1 FY2019

TVS has had a decent start to financial year 2018-19, with revenue coming in to the tune of Rs. 4,171 crore in Q1 FY2018-19. TVS Motor Company is off to a decent start financially for the new financial year which began in April 2019. The company posted a revenue growth of 21 per cent for the first quarter of FY19 with total revenue not including excise 46

6 August, 2018 7:37 AM No GST refunds for foreigners as of now: Finance Ministry

Foreigners coming to India may not get GST refunds on goods purchased and carried back by them as the government has not invoked relevant provisions of the Integrated Goods and Services Tax Act yet, the Finance Ministry has said in reply to an RTI query. It was asked to provide details on procedures for foreigners to get GST refunds on goods purchased 45

3 August, 2018 3:40 PM Berger Paints Q1 net profit rises 19% to Rs 135 cr

Berger Paints today reported 19.48 percent increase in its consolidated net profit to Rs 134.88 crore for the first quarter ended June 30. It had posted a net profit of Rs 112.88 crore in the June quarter a year ago, Berger Paints said in a BSE filing. Total income stood at Rs 1,499.44 crore during the quarter under review. It was Rs 1,377.01 crore in the corresponding 28

3 August, 2018 7:37 AM Amazon Freedom Sale Kicks Off August 9, Offers Discounts on OnePlus 6, Samsung Gear S3, and More

Amazon India on Friday announced the 'Amazon Freedom Sale' that will kick off on August 9. The sale will begin at 12am (midnight) on August 9 and run until 11:59pm on August 12. The company claims that there will be more than 20,000 deals on smartphones, consumer electronics, fashion, large appliances, and TVs among others as well as across brands such as OnePlus 85