NEW DELHI: India’s passenger vehicle sales climbed 6.3 percent last month, as new compact sports utility vehicles (SUVs) from automakers, including Maruti Suzuki India Ltd and Mahindra & Mahindra Ltd, drew buyers to showrooms. Deliveries of passenger vehicles, including SUVs and vans, rose to 231,640 units, the Society of Indian Automobile Manufacturers said yesterday. Sales have risen for 11 consecutive months in Asia’s third-biggest auto market, as compact SUVs continue to attract buyers, despite the government imposing additional levies on passenger vehicle purchases starting in April. Industrywide SUV sales last month jumped 36 percent to 58,793 units.
FBR raises penalties for fake invoices, digital non-compliance
LAHORE: The Federal Board of Revenue (FBR) has increased penalties and introduced new enforcement measures against sales tax registered persons...
