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DGGI seeks higher GST from auto parts makers
Goods and services tax authorities have raised higher tax demands to several automotive component manufacturers, citing a Supreme Court judgment regarding a company owned by the West Bengal government.
The Directorate General of Goods and Services Tax Intelligence (DGGI) sent notices to at least 17 such companies in the last 45 days alone with total tax demands of over ₹1,200 crore, said people were close to the development. Officials said the amount could go up further as more notices will be sent.
“Going by the Supreme Court order in the case of M/s Westinghouse Saxby Farmer, parts used exclusively for…
Repco, Supercheap fined by consumer watchdog over button battery products
Australian automotive accessory retailers Repco and Supercheap Auto have been fined for supplying car key remotes that allegedly breached warning requirements for products powered by button batteries.
The Australian Competition and Consumer Commission (ACCC) issued infringement notices to the Innovative Mechatronics Group (IMG) over four different models of replacement car key remotes supplied by IMG to Repco and Supercheap Auto that allegedly failed to include the required safety warning labels about the hazards associated with button batteries, which is a serious safety risk to children.
It also fined Repco and Supercheap Auto for supplying two types of car key remotes…
Top Car News That Mattered This Week (Nov 6-10): New-gen Maruti Swift Spied, Citroen eC3 Price Hike, Tata Punch EV Spied, New Kia Carnival Interior Revealed, And More
The key highlight from this past week was the slew of updates about the upcoming new-generation Maruti Swift
This past week, we received a whole host of updates on upcoming products in India. From the official debut of the new Suzuki Swift in Japan and it being spotted testing on our roads, to the entry of British automotive marque Lotus in the country. Let’s explore all the noteworthy four-wheeler headlines that captured our attention last week.
More Details On The New Swift
In its home country Japan, the new-generation Suzuki Swift gets a fresh Z series 3-cylinder petrol engine compared…